Duties and Term Clause Samples
The "Duties and Term" clause defines the specific responsibilities each party must fulfill under the agreement and establishes the duration for which those obligations apply. Typically, this clause outlines the tasks, services, or deliverables expected from each party and specifies the start and end dates of the contractual relationship, or the conditions under which the agreement will continue or terminate. By clearly delineating both the scope of duties and the time frame, this clause ensures that all parties understand their obligations and the period during which they are enforceable, thereby reducing ambiguity and potential disputes.
Duties and Term. FOR AND IN CONSIDERATION of Ten ($10.00) Dollars, and other good and valuable considerations exchanged between the parties, receipt of which is hereby acknowledged, The EMPLOYER does hereby employ the EMPLOYEE for a term of three (3) years to commence on the first day of June 1997, and to continue thereafter unless sooner terminated as provided hereinafter below. THE EMPLOYEE shall serve in a capacity with the EMPLOYER as Chief Financial Officer, or such other office as may be designated from time to time by the Corporation's Board of Directors. The EMPLOYEE shall devote his full time, undivided attention and full business efforts to his duties as an employee of the Corporation which shall include but are not limited to the following:
(a) Hire, train and employ all employees under him as may be required on behalf of the Corporation for the Corporation to conduct its business in an orderly fashion;
(b) Maintain physical responsibility by keeping or cause to be kept all necessary financial books and records of the corporation in a customary and orderly fashion;
(c) To report to the Corporation's executives or Board as from time to time shall be directed to the EMPLOYEE;
(d) To be a faithful and loyal employee and act in a fiduciary manner with the EMPLOYER in performing his duties in a professional and satisfactory manner as may be in the best interest of the EMPLOYER.
(e) To refrain from engaging in other business enterprises either directly or indirectly during this Agreement without the express prior written approval of EMPLOYER.
Duties and Term. (a) Subject to the terms of this Agreement, the Company hereby agrees to continue to employ Executive, and Executive agrees to continue to be employed, in the position of Executive Vice President and Chief Financial Officer of the Company (the Executive Vice President title is not a condition of employment and its change or removal by the Company shall not constitute a breach of this Agreement). Executive shall, to the best of his ability, devote his full time and best efforts to the performance of his duties hereunder and the business and affairs of the Company in accordance with the instructions and directions of the Board of Directors of the Company (the "Board") and the Chief Executive Officer of the Company in all matters and, in doing so, shall duly and faithfully perform and observe any and all rules and policies which the Company may now or shall hereafter establish governing the conduct of its business; provided, however, that Executive may (i) serve on civic or charitable boards or committees; and (ii) with the approval of the Chief Executive Officer of the Company, serve on corporate boards or committees.
(b) Subject to the terms of this Agreement, the term of this Agreement shall be for the period set forth in Section 1 of Exhibit A, attached hereto and incorporated herein. The initial term (and any subsequent term) shall automatically extend for an additional one (1) year term, unless notice of termination as of the end of the then-current term is provided by either Executive or the Company, in either case at least one hundred eighty (180) days prior to the end of the then-current term (the initial and any subsequent term is referred to herein as the "Employment Term"). Notwithstanding the foregoing, Executive or the Company may terminate Executive's employment at any time with or without Cause (as defined in Section 3(d) of the Agreement), subject to the severance obligations described in Sections 3 and 4 of the Agreement. The Company or the Executive (as the case may be) must provide the other with at least one-hundred and eighty (180) days advance written notice of termination; provided that, such notice is not required from the Company if it is terminating Executive's employment for Cause; and further provided that, if Executive's employment is terminated by the Company without Cause, the Company shall have a discretionary right, but not an obligation, to waive all or any part of its notice obligation by paying Executive his Base Salary an...
Duties and Term. The Company hereby employs Executive to serve as Chief Executive Officer (“CEO”) and a Chairman of the Board of Directors (“BOD”) or serve in any additional or different positions(s) as the Company may determine in its discretion and upon mutual consent. Executive will report to the BOD. The term of employment shall be for a period of three (3) years (“Employment Period”) to commence on August, 14th 2012 as set forth herein, provided, that this Employment Agreement shall automatically renew for successive periods of three (3) years each unless either party gives written notice to other that it does not wish to automatically renew this Agreement. Written notice must be received by the other party no less than 90 days and no more than 180 days prior to the expiration of the applicable term.
Duties and Term. Subject to the terms and conditions of this Agreement, the Company employs the Employee and the Employee accepts such employment with the Company as follows:
(a) For a period of two (2) years, commencing on July 1, 1997, and continuing through June 30, 1999, the Employee shall serve as the Company's Chief Executive Officer and President and perform the usual duties of such offices as described in the Company's by-laws. In addition to the foregoing, prior to July 1, 1998, at the direction of the Board of Directors of the Company, the Employee shall assist the Company with identifying and securing an individual to succeed the Employee as President and to serve as the Company's Chief Operating Officer.
(b) For a period of two (2) years, commencing not later than July 1, 1999, and continuing through June 30, 2001, the Employee shall serve as the Company's Chairman of the Board and Chief Executive Officer and perform the usual duties of such offices as described in the Company's by-laws; provided however, the Employee shall only serve as the Company's Chief Executive Officer until such time when Employee's successor is named by the Employee to the position of Chief Executive Officer.
(c) For a period of two (2) years, commencing not later than July 1, 2001, and continuing through June 30, 2003, the Employee shall serve as an independent consultant to the Company and perform such duties to be determined by the Board of Directors.
(d) The Employee shall devote his exclusive and full-time attention and best efforts to the Company's business, at its location in Elkhart, Indiana during the four-year period commencing on July 1, 1997, and continuing through June 30, 2001 (the "Term").
Duties and Term. In connection with your engagement, you will consult with the Company concerning financial matters as the President or Chief Executive Officer may request from time to time. Your engagement will commence only upon the closing of the Company's initial public offering of its securities (the "IPO") and will end on the second anniversary of such date. During your engagement you agree to such time as may be necessary to your consulting duties.
Duties and Term. United hereby retains the Executive as a general advisor and consultant on all matters pertaining to the business and assets of Employers being acquired by United, and to render all other services relevant thereto, for the 18-month period immediately following the Effective Date (the "Consulting Period"). During the Consultancy Period, the Executive shall not be required to provide services pursuant to this Agreement for more than 5 hours in any week or 20 hours in any monthly period. Such services shall be provided in Wheeling, West Virginia or as otherwise may be agreed to by the parties. United shall reimburse the Executive for any travel or other expenses which may be incurred by the Executive in providing services to United pursuant to this Agreement.
Duties and Term. The Company agrees to employ ▇▇▇▇▇▇ and ▇▇▇▇▇▇ agrees to be so employed in the position of Editor-in-Chief. ▇▇▇▇▇▇ agrees to perform such duties, functions and responsibilities as are generally incident to such position (which shall include all of the Company’s editorial content, including multimedia, and such content as is added to the Company’s business during the Term) reporting to and subject to the direction of the Chief Executive Officer; for a period commencing on August 23, 2007 (the “Commencement Date") and ending on August 23, 2009, unless sooner terminated in accordance with Section 4 hereof. The Employment Agreement shall be renewed automatically for an additional one-year period unless the Company or ▇▇▇▇▇▇ gives notice to the other party hereto not less than ninety (90) days prior to August 23, 2009 of its or his election not to re-new the Employment Agreement, in which event the Employment Agreement shall ter-minate on such date. The period of employment under this Employment Agreement, as renewed or earlier terminated pursuant to Section 4 below, shall be referred to in this Employment Agreement as the “Term.” ▇▇▇▇▇▇ agrees to perform faithfully the duties assigned to him pursuant to this Employment Agreement to the best of his abilities and to devote all of his business time and attention to the Company's business, ▇▇▇▇▇▇ shall be subject to all 1aws, rules, regulations and policies as are from time to time applicable to employees of the Company and of which he has received written notice including ▇▇▇▇▇▇▇▇▇.▇▇▇'s Policy on Investments, and will be required to comply fully with the provisions of all such written supervisory procedures and other relevant securities and disciplinary policies relevant to his position with the Company.
Duties and Term. Zhang’s duties and term of engagement are set forth below:
Duties and Term. Consultants agree to serve ▇▇▇▇▇ faithfully, --------------- diligently and to the best of their ability and shall be responsible for the development and support of projects assigned to either of them by ▇▇▇▇▇. At all times Consultants will be subject to the policies, procedures, directions and restrictions as the Chairman of the Board of ▇▇▇▇▇ may reasonably adopt from time to time. The Consultants' contributions to ▇▇▇▇▇ will include advice in such areas as general corporate planning and strategies, corporate finance and marketing, business development, executive compensation and providing introductions and liaison to and with investors, lenders and business leaders and contacts known to Consultants that might be beneficial to ▇▇▇▇▇. Consultants agree to serve, and the Consultant Fee will be paid, until the earlier to occur of October 31, 2004 or the death of the last surviving Consultant, at which time all Consultant Fee payments will cease. Upon the death of either one of the Consultants prior to October 31, 2004, the Consulting Fee will continue to be paid to the other Consultant. COVENANT NOT TO COMPETE AND CONFIDENTIALITY -------------------------------------------
Duties and Term. 1.1. The COUNTY shall employ EMPLOYEE as Deputy Administrator from December 31, 2011 through June 30, 2012. There will be no change in EMPLOYEE’S terms and conditions of employment during the period of December 31, 2011 through June 30, 2012, except as follows: (A) EMPLOYEE’S services shall not be at-will, but will be for the period set forth in this paragraph; and (B) EMPLOYEE shall use his good faith efforts, on a request basis, to consult with the current County Administrator with the goal of the consultation being to smooth the transition process from one County Administrator to another so as to minimize disruption of effective delivery of County services.