First Employment Period definition

First Employment Period means the period beginning on the Effective Date and ending on the third anniversary of the Effective Date.
Sample 1Sample 2
First Employment Period means the period beginning on the Effective Date and ending on the earlier of (i) the Board's acceptance of the Executive's resignation as Chairman, Chief Executive Officer, and director in accordance with Paragraph 3 or (ii) the fifth anniversary of the Effective Date.
Sample 1Sample 2
First Employment Period means the period beginning on the Effective Date and ending on July 31, 2000.
Sample 1

Examples of First Employment Period in a sentence

  • Thus, if Mr. Snow's salary and bonus were to equal Mr. Snow's 1995 salary and bonus, the LeVan Employment Agreement would provide LeVan with a salary of $810,000 and a bonus of $1,518,750 in the First Employment Period.

  • During the First Employment Period, the Executive's position and duties shall be those set out in this Paragraph.

  • The Company may terminate the Executive's employment and the First Employment Period pursuant to (i) a Forced Termination immediately upon notice to the Executive or (ii) for any other reason upon 30 days written notice to the Executive.

  • If the Board accepts the Executive's resignation, the First Employment Period shall end.

  • If the Company terminates the Executive's employment for a reason other than Cause or Disability, or if the Employee terminates his employment for Good Reason, the Company shall continue to compensate the Executive hereunder as if he had not terminated employment throughout the Employment Term; provided, however, the First Employment Period shall terminate on the later of the Executive's termination of employment or the third anniversary of the Effective Date.

  • During the First Employment Period, the Executive shall serve as the Company's Chief Executive Officer and Board Chairman with general responsibility for and control of the Company's business and affairs, all in accordance with the provisions of this paragraph.

  • During the remainder of the First Employment Period extending from such time on April 20, 2000 to July 31, 2000 (the "Special Transition Period"), Executive shall be released from any further obligations to perform services for the Company or to commute to the Company's headquarters in Dallas.

  • If Executive's employment is terminated by Company pursuant to a Forced Termination during the First Employment Period, or if Executive voluntarily terminates employment during the First Employment Period, the Company shall pay Executive the Annual Salary through the date of termination to the extent not yet paid, and Company shall have no further obligations under this Agreement.

  • During the First Employment Period, in lieu of relocating to the Company's headquarters, the Executive shall continue to have his permanent residence in Phoenix, Arizona, and shall commute to the Company's headquarters.

  • During the First Employment Period, the Company shall pay to the Executive an annual salary ("Annual Salary") of $220,000.


More Definitions of First Employment Period

First Employment Period means the period commencing on the date of this Agreement and ending on the first to occur of the following: (i) the date of termination of the Executive's employment pursuant to the terms of Article I of this Agreement; (ii) a Change in Control of the Company; or (iii) on the first anniversary of the date of this Agreement; provided, however, that the First Employment Period and the provisions of this Agreement relating thereto shall automatically renew for one additional year on the first anniversary of the date of this Agreement and on each anniversary thereafter, unless (a) a Change in Control of the Company has occurred; (b) the date of termination of the Executive's employment pursuant to the terms of Article I of this Agreement has occurred; or (c) at least ninety (90) days prior to such applicable annual anniversary of the date of this Agreement, the Executive shall have delivered to the Company, or the Company shall have delivered to the Executive, written notice that the First Employment Period will not be extended.
Sample 1

Related to First Employment Period

  • Post-Employment Period is defined in Section 8.2.

  • Employment Termination Date means, with respect to a Participant, the first day upon which the Participant no longer has an employment or service relationship with the Company or any Related Company.

  • Employment Period has the meaning set forth in Section 2.01.

  • Employment Date means the first date as of which an Employee is credited with an Hour of Service, provided that, in the case of a Break in Service, the Employment Date shall be the first date thereafter as of which an Employee is credited with an Hour of Service.

  • Period of Employment shall include any extension thereof pursuant to the preceding sentence. Provision of notice that the Period of Employment shall not be extended or further extended, as the case may be, shall not constitute a breach of this Agreement and shall not constitute “Good Reason” for purposes of this Agreement. Notwithstanding the foregoing, the Period of Employment is subject to earlier termination as provided below in this Agreement.

  • Year of Employment means a period of service of 12 months.

  • Severance Period means the period of time commencing on the date of an occurrence of a Change of Control and continuing until the earlier of (i) the date which is one and one-half years following the occurrence of the Change of Control, and (ii) the Executive's death.

  • Date of Employment means the first day an Employee performs an Hour of Service.

  • Employment Termination means the effective date of: (i) Executive’s voluntary termination of employment with the Company with Good Reason, or (ii) the termination of Executive’s employment by the Company without Good Cause.

  • Employment Term has the meaning specified in Section 2.

  • Severance Term means the six (6) month period following Employee’s termination by the Company without Just Cause (other than by reason of death or Disability) or by Employee for Good Reason; provided, that if such termination occurs within twelve (12) months following a Change in Control, the Severance Term shall be the twelve (12) month period following such termination.

  • Self-employment shall be where a Claimant sets up his/her own business and is responsible for paying his/her tax and National Insurance.

  • self-employment route means assistance in pursuing self-employed earner’s employment whilst participating in—

  • Term of Employment means the period specified in Section 2.

  • Employment Year means each twelve-month period, or part thereof, during which Employee is employed hereunder, commencing on the Commencement Date and on the same day of the subsequent calendar year and each consecutive 12 month period thereafter.

  • Agreement Termination Date is defined in Section 7.4.

  • Active Employment means you must be actively at work for the Sponsor:

  • Post-Termination Period means the twelve (12) month period beginning on the Termination Date.

  • Date of Termination means the date of receipt of the Notice of Termination or any later date specified therein, as the case may be; provided, however, that (i) if the Executive's employment is terminated by the Company other than for Cause or Disability, the Date of Termination shall be the date on which the Company notifies the Executive of such termination and (ii) if the Executive's employment is terminated by reason of death or Disability, the Date of Termination shall be the date of death of the Executive or the Disability Effective Date, as the case may be.

  • Non-Competition Period means the period the Executive is employed by the Company plus one (1) year from the Termination Date if the Executive's employment is terminated (i) by the Company for any reason, (ii) by the Executive for any reason, or (iii) by reason of either the Company's or the Executive's decision not to extend the term of this Agreement as contemplated by Section 1 hereof.

  • Consulting Period has the meaning assigned thereto in Section 14(f) hereof.

  • Benefit Period means the period of time from the date of the Accident causing the Injury for which benefits are payable, as shown in the Schedule of Benefits, and the date after which no further benefits will be paid.

  • Severance Date means the date on which an Eligible Employee incurs a Severance.

  • Employment Commencement Date means the date on which the Employee first performs an Hour of Service.

  • employment zone means an area within Great Britain designated for the purposes of section 60 of the Welfare Reform and Pensions Act 1999 and an “employment zone programme” means a programme established for such an area or areas designed to assist claimants for a jobseeker’s allowance to obtain sustainable employment;

  • Retention Period means the minimum time that must pass after the creation, recording, or receipt of a record, or the fulfillment of certain actions associated with a record, before it is eligible for destruction.