Unless Employee definition

Unless Employee s employment hereunder is terminated earlier pursuant to Section 5 of this Agreement, Employee's employment hereunder shall begin on the date hereof and shall expire two (2) years from the date hereof, provided that upon the expiration of the first two (2) years of such employment, the Employee's employment hereunder shall continue for additional consecutive extension terms of one (1) year each until either party gives notice of termination to the other at least one hundred eighty (180) days prior to end of the then current term. The term of employment described in the immediately preceding sentence, including any extensions but without giving effect to any earlier termination provided for under Section 5 of this Agreement, is hereinafter described as the "Contract Term." The period of time during which the Employee actually is employed hereunder, giving effect to any termination of employment under Section 5 of this Agreement, is hereinafter described as the "Term."

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Unless Employee s employment has earlier terminated pursuant to the terms of Paragraph 5 of this Agreement, this Agreement shall automatically renew following the Term for successive terms of one year each (each called a "Renewal Term") unless the Corporation provides Employee thirty (30) days advance written notice prior to the expiration of the Term or Renewal Term that this Agreement shall not be renewed. During any Renewal Term, this Agreement may be terminated pursuant to the terms of Paragraph 5 of this Agreement.

Unless Employee s employment is sooner terminated in accordance with the provisions hereof, the term of employment shall extend from the date hereof until February 28, 1998.

Examples of Unless Employee in a sentence

• Unless Employee terminates this Agreement within thirty (30) days of learning from any source that the Company has acted so as to provide Good Reason for Employee to terminate this Agreement, and gives thirty (30) days' written notice of such termination, Employee's right to receive severance compensation pursuant to Paragraph 11.4 for such event shall be forever lost.

• Unless Employee has made separate arrangements satisfactory to the Company, the Company may elect to withhold shares deliverable in settlement of the Units having a fair market value (as determined by the Committee) equal to the amount of such tax liability required to be withheld in connection with the settlement of the Units, but the Company shall not be obligated to withhold such Shares.

• Unless Employee has entered into an express written agreement signed by an officer of the Company which explicitly alters the at-will relationship, Employee’s employment relationship with the Company is at will and it is not for any fixed term or duration.

• Unless Employee satisfies any such tax withholding obligation by paying the amount in cash or by check, the Company will withhold shares of Common Stock having a Fair Market Value on the date of withholding equal to the tax withholding obligation.

• Unless Employee and the Company agree on an alternative accounting firm, the accounting firm engaged by the Company for general tax compliance purposes as of the day prior to the effective date of the Change in Control shall perform the foregoing calculations.

• Unless Employee shall have given prior written notice specifying a different order to the Company to effectuate the Limited Benefit Amount, any such notice consistent with the requirements of Section 409A of the Code to avoid the imputation of any tax, penalty or interest thereunder, the Company shall reduce or eliminate the Benefits by first reducing or eliminating amounts which are payable from any cash severance, then from any payment in respect of an equity award that is not covered by Treas.

• Unless Employee provides written notice to Company within ten (10) days of the delivery of the Determination to Employee that he disputes such Determination, the Determination shall be binding, final and conclusive upon Company and Employee.

• Unless Employee is a “specified employee” (as determined in accordance with Internal Revenue Code Section 409A), the amount determined pursuant to this paragraph 6(a)(i) shall be payable in equal biweekly installments over the 12-month period that begins on the first day of the month following Employee’s termination.

• Unless Employee otherwise consents, the headquarters for the performance, of Employee’s services shall be the principal executive offices of the Company and /or the Denver area, subject to such reasonable travel as may be appropriate or required in the performance of Employee’s duties in the business of the Company.

• Unless Employee otherwise consents, the headquarters for the performance of Employee's services shall be the principal executive offices of the Company in the Denver, Colorado area, subject to such reasonable travel as may be appropriate or required in the performance of Employee's duties in the business of the Company.

More Definitions of Unless Employee

Unless Employee s employment shall sooner terminate pursuant to Sections 7 or 8 hereof, the term of employment under this Agreement shall commence on May 1, 2001 (the "Commencement Date") and shall continue through April 30, 2002 (such initial one-year term, together with any extensions thereof in accordance with the next sentence of this Section 2 referred to as the "Term"). The initial term of Employee's employment hereunder shall thereafter be deemed to be automatically extended, upon the same terms and conditions, for successive periods of one (1) year each until either party to this Agreement gives the other written notice of termination of employment or until the death of Employee. The period commencing on the Commencement Date and ending on the date of termination of Employee's employment or the death of Employee shall be referred to as the "Employment Period."

Unless Employee s employment is terminated at an earlier date pursuant to Section 8 hereof, this Agreement shall continue in full force and effect through the second anniversary of the Original Date and from year to year thereafter subject to the right of Employee or the Company to terminate this Agreement as of the second anniversary date or any subsequent anniversary date by written notice given to the other party at least 60 days prior to such anniversary date. Termination of this Agreement by either party in accordance with the preceding sentence shall not require a statement of the reason therefor.