During the Employment Term Sample Clauses

During the Employment Term. The Executive's base compensation shall be at the rate of $200,000.00 per year, payable in regular installments in accordance with the Company's practice for its executives, less applicable withholding for income and employment taxes as required by law and other deductions as to which the Executive shall agree. Such base compensation shall be subject to increases as and when determined by the Board in its sole discretion.

During the Employment Term. Limited shall pay Executive a base salary at the annual rate of (pound)433,000, payable in regular monthly installments in accordance with the Company's usual payment practiceS, but no later than the last day of each month. The Board shall annually review Executive's base salary and Executive shall be entitled to such increases (but no decreases), if any, as may be determined in the sole discretion of the Board. Executive's annual base salary, as in effect from time to time, is hereinafter referred to as the "Base Salary."

During the Employment Term the Company shall pay to the Executive a base salary at the annual rate of not less than Two Hundred Eighty-Five Thousand Dollars ($285,000). Base salary shall be payable in accordance with the usual payroll practices of the Company. Executive's base salary shall be subject to annual review by the CEO and may be increased, but not decreased, from time to time at the discretion of the CEO. The base salary, as determined as aforesaid from time to time, shall constitute "Base Salary" for purposes of this Agreement.

During the Employment Term. (a) Executive shall be employed as Executive Vice President, Chief Financial Officer of the Company, reporting to the CEO. Executive shall perform the duties, undertake the responsibilities and exercise the authority customarily performed, undertaken and exercised by persons situated in similar executive capacities. (b) Excluding periods of vacation and sick leave to which Executive is entitled and other service outside of the Company contemplated in this Section 2(b), Executive shall devote Executive’s full professional time and attention to the business and affairs of the Company to discharge the responsibilities of Executive hereunder. Executive may manage personal and family investments and participate in industry organizations and charitable endeavors, so long as such activities do not interfere with the performance of Executive’s responsibilities hereunder. It is understood that, during Executive’s employment by the Company, Executive shall not engage in any activities that constitute a conflict of interest with the interests of the Company or its direct and indirect subsidiaries. The Company acknowledges that Executive is serving on the Board of Directors of NextCare and agrees that Executive may continue to serve on such Board. (c) Executive shall be subject to and shall abide by each of the personnel policies applicable to senior executives, including but not limited to any policy restricting pledging and hedging investments in Company equity by Company executives, any policy the Company adopts regarding the recovery of incentive compensation (sometimes referred to as “clawback”) and any additional clawback provisions as required by law and applicable listing rules. This Section 2(c) shall survive the termination of the Employment Term. (d) Executive shall not be required as a condition of employment with the Company to relocate Executive’s principal place of employment to Boston, Massachusetts or to any other Company office location; provided that Executive shall be required to regularly travel to Boston and other locations (including international locations) as reasonably necessary to perform the duties. (e) Subject to Sections 6, 7 and 8 hereof, Executive’s employment with the Company is “at will,” such that each of Executive or the Company has the option to terminate Executive’s employment at any time, with or without advance notice, and with or without Cause or with or without Good Reason. This Agreement does not constitute an express or impl...

During the Employment Term. (a) The Executive will be entitled to reasonable annual vacation periods, with full pay and allowances (in accordance with the past practice and policy of ▇▇▇▇▇-Craft with respect to its senior officers with the Executive's position and title). (b) The Executive will also be eligible for sick leave in accordance with ▇▇▇▇▇-Craft's customary practice for senior executives. (c) The Executive will be entitled to participate in any insurance, pension, profit-sharing, stock option, stock purchase or other benefit plan and fringe benefit arrangements of ▇▇▇▇▇-Craft now existing or hereafter adopted for the benefit of the employees generally or of the executives of ▇▇▇▇▇-Craft. (d) ▇▇▇▇▇-Craft shall match the Executive's contributions (including any contribution by any trust of which the Executive is the grantor) to recognized charities or educational institutions, during each fiscal year of the Employment Term and the Consulting Term, in an amount equal to the sum of (i) $25,000, such sum to be prorated with respect to any partial fiscal year occurring within the Employment Term. Matching contributions made by ▇▇▇▇▇-Craft pursuant hereto shall be in addition to any contributions made to match Executive's contributions under any other charitable gift matching program generally applicable with respect to contributions made by employees of ▇▇▇▇▇-Craft or any of its subsidiaries. (e) The Executive shall be entitled to such additional compensation and benefits (including but not limited to additional grants of options and other equity-based awards) as may be granted to her from time to time by the Board or the Compensation Committee thereof. In this regard, it is the intention of the Compensation Committee to consider the adoption of an equity plan, to submit such plan to the shareholders of ▇▇▇▇▇-Craft for approval at the annual meeting of shareholders to be held in 2000 and, if such plan is so adopted and approved, to make an additional grant or grants to the Executive pursuant to such plan.

During the Employment Term. Executive shall be employed as Co-Chief Executive Officer of the Company and shall report directly to the Board of Directors of the Company (the “Board”). Executive shall perform the duties, undertake the responsibilities and exercise the authority customarily performed, undertaken and exercised by persons situated in similar executive capacities. Unless otherwise agreed by Executive, Executive’s principal place of employment shall be at the Company’s corporate headquarters in Greenwich, Connecticut.

During the Employment Term. During the Employment Term, Executive will (i) be employed to serve as, and have the title of, President and Chief Executive Officer (which shall be the most senior executive officer of the Company), reporting directly to the Company’s Board of Directors (the “Board”), with overall charge and responsibility for the day-to-day operations of the Company and to perform such duties consistent with such positions as Executive shall reasonably be directed to perform by the Board commensurate with Executive’s positions or as may be specified in the Company’s By-Laws, if applicable, (ii) have such authority as may be reasonably necessary or appropriate in order to enable Executive to carry out the duties and responsibilities of Executive’s employment under this Agreement, (iii) have Executive’s principal office located at the Company’s offices in Washington, D.C. and (iv) be entitled to office services and support commensurate with Executive’s position, duties and responsibilities. During the Employment Term, Executive will devote substantially all of Executive’s business time, attention, and energies to the performance of Executive’s duties and responsibilities under this Agreement, provided that Executive may engage in personal, charitable, professional and investment activities to the extent such activities do not conflict or materially interfere with the ability of Executive to perform said duties and responsibilities; provided, further, that service on the board of directors or other governing body of any for-profit business entity is subject to the consent of the Board (which consent shall not be unreasonably withheld).

During the Employment Term the Executive ----------- shall devote his full time to the business of the Company, shall faithfully serve the Company, shall in all respects conform to and comply with the lawful and reasonable directions and instructions given to him by the Board of Directors in accordance with the terms of this Agreement, shall use his best efforts to promote and serve the interests of the Company and shall not engage in any other business activity, whether or not such activity shall be engaged in for pecuniary profit, except that the Executive may (i) participate in the activities of professional trade organizations related to the business of the Company and (ii) engage in personal investing activities, provided that activities set forth in these clauses (i) and (ii), either singly or in the aggregate, do not interfere in any material respect with the services to be provided by the Executive hereunder.

During the Employment Term. Executive shall be employed as Chief Executive Officer of the Company. In addition, effective as of the Effective Date, Executive shall be elected by the Board of Directors of the Company (the “Board”) as a director of the Company and as Chairman of the Board. For as long as the Executive is employed by the Company as the Chief Executive Officer, the Company shall nominate the Executive for re-election to the Board. At the time of his termination of employment with the Company for any reason, the Executive shall resign from the Board if requested to do so by the Company. Executive shall not receive any compensation in addition to the compensation described in Sections 3 and 4 of this Agreement for serving as a director of the Company and Chairman of the Board.