Common use of Employment and Services Clause in Contracts

Employment and Services. You shall be employed as the President and Chief Executive Officer of the Company, Holdings and its subsidiaries (the "SMTC GROUP") for the period beginning on the Effective Date and ending on December 31, 2001 or on such earlier date as your employment is terminated pursuant to paragraph 4 hereof (the "EMPLOYMENT PERIOD"). The Employment Period shall automatically be extended for successive one-year terms on December 31, 2001 and each anniversary thereof, unless (i) either party has given written notice of non-renewal to the other party at least 90 days prior to the scheduled expiration date of the Employment Period or (ii) your employment has been terminated pursuant to paragraph 4 hereof. During the Employment Period, you shall render such services of a senior executive nature to the SMTC Group and shall have such powers, duties and responsibilities as may from time to time be prescribed by the Holdings Board of Directors (the "BOARD"). You shall perform and discharge, faithfully, diligently and competently, such services, duties and responsibilities. You shall devote all of your business time and attention and your best efforts and ability to the business and affairs of the SMTC Group and shall not engage in other Xxxx Xxxxxx Employment Agreement July 30, 1999 business activities (whether or not compensated) during the Employment Period without prior written consent of the Board. You agree to serve, if elected or appointed thereto, in one or more positions as an officer or director of any one or more current or future members of the SMTC Group, or any one or more of the present or future subsidiaries or affiliates of Holdings, or as an officer, trustee, director or other fiduciary of any pension or other employee benefit plan of the Company, or any one or more of the present or future subsidiaries or affiliates of Holdings. Service in such additional positions will be without additional compensation except for reimbursement of reasonably related business expenses on the same terms as provided elsewhere in this Agreement.

Appears in 1 contract

Samples: SMTC Corp

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Employment and Services. You shall be employed as the a Vice President and Chief Executive Officer of the Company, Holdings and its subsidiaries (the "SMTC GROUP") for the period beginning on the Effective Date and ending on December 31, 2001 or on such earlier date as your employment is terminated pursuant to paragraph 4 hereof (the "EMPLOYMENT PERIOD"). The Employment Period shall automatically be extended for successive one-year terms on December 31, 2001 and each anniversary thereof, unless (i) either party has given written notice of non-renewal to the other party at least 90 days prior to the scheduled expiration date of the Employment Period or (ii) your employment has been terminated pursuant to paragraph 4 hereof. During the Employment Period, you shall render such services of a senior executive nature to the SMTC Group and shall have such powers, duties and responsibilities as may from time to time be prescribed by the Holdings Board of Directors (the "BOARD"). You shall perform and discharge, faithfully, diligently and competently, such services, duties and responsibilities. You shall devote all of your business time and attention and your best efforts and ability to the business and affairs of the SMTC Group and shall not engage in other Xxxx Xxxxxx Employment Agreement July 30, 1999 business activities (whether or not compensated) during the Employment Period without prior Xxxx Xxxxxxx Employment Agreement July 30, 1999 written consent of the Board. You agree to serve, if elected or appointed thereto, in one or more positions as an officer or director of any one or more current or future members of the SMTC Group, or any one or more of the present or future subsidiaries or affiliates of Holdings, or as an officer, trustee, director or other fiduciary of any pension or other employee benefit plan of the Company, or any one or more of the present or future subsidiaries or affiliates of Holdings. Service in such additional positions will be without additional compensation except for reimbursement of reasonably related business expenses on the same terms as provided elsewhere in this Agreement.

Appears in 1 contract

Samples: SMTC Corp

Employment and Services. You shall be employed as the President and Chief Executive Officer of the Company, Holdings Company and its subsidiaries (the "SMTC GROUP"Group”) for the period beginning on the Effective Date and ending on December 31February 16, 2001 2004 or on such earlier date as your employment is terminated pursuant to paragraph 4 hereof (the "EMPLOYMENT PERIOD"“Employment Period”). The Employment Period shall automatically may be extended for successive one-year terms on December 31, 2001 upon mutual agreement between you and each anniversary thereof, unless (i) either party has given written notice of non-renewal the Company. If you and the Company agree to the other party at least 90 days prior to the scheduled expiration date of the Employment Period or (ii) continue your employment has been terminated pursuant to paragraph 4 hereofon a permanent basis, a new employment agreement will be executed that will supercede this Agreement. During the Employment Period, you shall render such services of a senior executive nature to the SMTC Group and shall have such powers, duties and responsibilities as are traditional for a President and Chief Executive Officer or as may from time to time be prescribed by the Holdings Company’s Board of Directors (the "BOARD")“Board”) provided such powers, duties and responsibilities shall not be lessened without mutual consent. You shall perform and discharge, faithfully, diligently and competently, such services, duties and responsibilities. You shall devote all of your business time and attention and your best efforts and ability to the business and affairs of the SMTC Group and shall not engage in other Xxxx Xxxxxx Employment Agreement July 30, 1999 business activities (whether or not compensated) during the Employment Period without prior written consent of the Board; provided however, you may continue to serve on the board of Directors of ATI Technologies Inc., Cognos Incorporated, Faro Technologies, Inc. and Stelco Inc. and you may continue the one confidential advisory assignment that you are currently engaged in and that you have disclosed its existence to Xxxxxxx Xxxxx, Chairman of the Board. You agree to serve, if as elected or appointed thereto, in one or more positions as an officer or director of any one or more current or SMTC Manufacturing Corporation World Headquarters 000 Xxxx Xxxx, Xxxxxxx, Xxxxxxx, Xxxxxx X0X 0X0 Tel: 000.000.0000 Fax: 000.000.0000 WebSite: xxx.xxxx.xxx Appleton · Boston · San Xxxx · Toronto · Mexico · China [LETTERHEAD OF SMTC CORPORATION] future members of the SMTC Group, or any one or more of the present or future subsidiaries or affiliates of Holdingsthe Company, or as an officer, trustee, director or other fiduciary of any pension or other employee benefit plan of the Company, or any one or more of the present or future subsidiaries or affiliates of Holdingsthe Company. Service in such additional positions will be without additional compensation except for reimbursement of reasonably related business expenses on the same terms as provided elsewhere in this Agreement.

Appears in 1 contract

Samples: SMTC Corp

Employment and Services. You shall be employed as the a Vice President and Chief Executive Officer of the Company, Holdings and its subsidiaries (the "SMTC GROUP") for the period beginning on the Effective Date and ending on December 31, 2001 or on such earlier date as your employment is terminated pursuant to paragraph 4 hereof (the "EMPLOYMENT PERIOD"). The Employment Period shall automatically be extended for successive one-year terms on December 31, 2001 and each anniversary thereof, unless (i) either party has given written notice of non-renewal to the other party at least 90 days prior to the scheduled expiration date of the Employment Period or (ii) your employment has been terminated pursuant to paragraph 4 hereof. During the Employment Period, you shall render such services of a senior executive nature to the SMTC Group and shall have such powers, duties and responsibilities as may from time to time be prescribed by the Holdings Board of Directors (the "BOARD"). You shall perform and discharge, faithfully, diligently and competently, such services, duties and responsibilities. You shall devote all of your business time and attention and your best efforts and ability to the business and affairs of the SMTC Group and shall not engage in other Xxxx Xxxxxx Employment Agreement July 30, 1999 business activities (whether or not compensated) during the Employment Period without prior Xxxxx X'Xxxxxxx Employment Agreement July 30, 1999 written consent of the Board. You agree to serve, if elected or appointed thereto, in one or more positions as an officer or director of any one or more current or future members of the SMTC Group, or any one or more of the present or future subsidiaries or affiliates of Holdings, or as an officer, trustee, director or other fiduciary of any pension or other employee benefit plan of the Company, or any one or more of the present or future subsidiaries or affiliates of Holdings. Service in such additional positions will be without additional compensation except for reimbursement of reasonably related business expenses on the same terms as provided elsewhere in this Agreement.

Appears in 1 contract

Samples: SMTC Corp

Employment and Services. You shall be employed as the President and Chief Executive Officer of the Company, Holdings Company and its subsidiaries (the "SMTC GROUP"Group”) for the period beginning on the Effective Date and ending on December 31June 30, 2001 2004 or on such earlier date as your employment is terminated pursuant to paragraph 4 hereof (the "EMPLOYMENT PERIOD"“Employment Period”). The Employment Period shall automatically may be extended for successive one-year terms on December 31, 2001 upon mutual agreement between you and each anniversary thereof, unless (i) either party has given written notice of non-renewal the Company. If you and the Company agree to the other party at least 90 days prior to the scheduled expiration date of the Employment Period or (ii) continue your employment has been terminated pursuant to paragraph 4 hereofon a permanent basis, a new employment agreement will be executed that will supercede this Agreement. During the Employment Period, you shall render such services of a senior executive nature to the SMTC Group and shall have such powers, duties and responsibilities as are traditional for a President and Chief Executive Officer or as may from time to time be prescribed by the Holdings Company’s Board of Directors (the "BOARD")“Board”) provided such powers, duties and responsibilities shall not be lessened without mutual consent. You shall perform and discharge, faithfully, diligently and competently, such services, duties and responsibilities. You shall devote all of your business time and attention and your best efforts and ability to the business and affairs of the SMTC Group and shall not engage in other Xxxx Xxxxxx Employment Agreement July 30, 1999 business activities (whether or not compensated) during the Employment Period without prior written consent of the Board; provided however, you may continue to serve on the board of directors of companies which do not compete directly or indirectly with the Company. You agree to serve, if as elected or appointed thereto, in one or more positions as an officer or director of any one or more current or future members of the SMTC Group, or any one or more of the present or future subsidiaries or affiliates of Holdingsthe SMTC Manufacturing Corporation World Headquarters 000 Xxxx Xxxx, Xxxxxxx, Xxxxxxx, Xxxxxx X0X 0X0 Tel: 000.000.0000 Fax: 000.000.0000 Website: xxx.xxxx.xxx Appleton · Boston · San Xxxx · Toronto · Mexico · China Company, or as an officer, trustee, director or other fiduciary of any pension or other employee benefit plan of the Company, or any one or more of the present or future subsidiaries or affiliates of Holdingsthe Company. Service in such additional positions will be without additional compensation except for reimbursement of reasonably related business expenses on the same terms as provided elsewhere in this Agreement.

Appears in 1 contract

Samples: SMTC Corp

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Employment and Services. You shall be employed as the a Vice President and Chief Executive Officer of the Company, Holdings Company and its subsidiaries (the "SMTC GROUP") for the period beginning on the Effective Date and ending on December 31, 2001 or on such earlier date as your employment is terminated pursuant to paragraph 4 hereof (the "EMPLOYMENT PERIOD"). The Employment Period shall automatically be extended for successive one-year terms on December 31, 2001 and each anniversary thereof, unless (i) either party has given written notice of non-renewal to the other party at least 90 days prior to the scheduled expiration date of the Employment Period or (ii) your employment has been terminated pursuant to paragraph 4 hereof. During the Employment Period, you shall render such services of a senior executive nature to the SMTC Group and shall have such powers, duties and responsibilities as may from time to time be prescribed by the Holdings Company's Board of Directors (the "BOARD"). You shall perform and discharge, faithfully, diligently and competently, such services, duties and responsibilities. You shall devote all of your business time and attention and your best efforts and ability to the business and affairs of the SMTC Group and shall not engage in other Xxxx Xxxxxx Employment Agreement July 30, 1999 business activities (whether or not compensated) during the Employment Period without prior written consent of the Board. You agree to serve, if elected or appointed thereto, in one or Xxxx Xxxxxx Employment Agreement July 30, 1999 more positions as an officer or director of any one or more current or future members of the SMTC Group, Group or any one or more of the present or future subsidiaries or affiliates of Holdingstheir affiliates, or as an officer, trustee, director or other fiduciary of any pension or other employee benefit plan of the Company, or any one or more member of the present or future subsidiaries or affiliates of HoldingsSMTC Group. Service in such additional positions will be without additional compensation except for reimbursement of reasonably related business expenses on the same terms as provided elsewhere in this Agreement.

Appears in 1 contract

Samples: SMTC Corp

Employment and Services. You shall be employed as the President and Chief Executive Officer of the CompanyVice President, Holdings and its subsidiaries (the "SMTC GROUP") Pensar Corporation for the period beginning on the Effective Date and ending on December 31, 2001 or on such earlier date as your employment is terminated pursuant to paragraph 4 hereof (the "EMPLOYMENT PERIODEmployment Period"). The Employment Period shall automatically be extended for successive one-year terms on December 31 of each year beginning with December 31, 2001 and each anniversary thereof2001, unless (i) either party has given written notice of non-renewal to the other party at least 90 days prior to the scheduled expiration date of the Employment Period or (ii) your employment has been terminated pursuant to paragraph 4 hereof. During the Employment Period, you shall render such services of a senior executive nature to the Company and its subsidiaries, including Pensar Corporation (collectively, the "SMTC Group Group"), and shall have such powers, duties and responsibilities as may from time to time be prescribed by the Holdings Company's Board of Directors (the "BOARDBoard"). You shall perform Pensar Employee Employment Agreement July 27, 2000 and discharge, faithfully, diligently and competently, competently such services, duties and responsibilities. You shall devote all of your business time and attention and your best efforts and ability to the business and affairs of the SMTC Group and shall not engage in other Xxxx Xxxxxx Employment Agreement July 30, 1999 business activities (whether or not compensated) during the Employment Period without prior written consent of the Board. You agree to serve, if elected or appointed thereto, in one or more positions as an officer or director of any one or more current or future members of the SMTC Group, Group or any one or more of the present or future subsidiaries or affiliates of Holdingstheir affiliates, or as an officer, trustee, director or other fiduciary of any pension or other employee benefit plan of the Company, or any one or more member of the present or future subsidiaries or affiliates of HoldingsSMTC Group. Service in such additional positions will be without additional compensation except for reimbursement of reasonably related business expenses on the same terms as provided elsewhere in this Agreement.

Appears in 1 contract

Samples: SMTC Corp

Employment and Services. You shall be employed as the Executive Vice President and Chief Executive Officer of Business Development of the Company, Holdings and its subsidiaries (the "SMTC GROUP") Company for the period beginning on the Effective Date and ending on December 31, 2001 or on such earlier date as your employment is terminated pursuant to paragraph 4 hereof (the "EMPLOYMENT PERIOD"). The Employment Period shall automatically be extended for successive one-year terms on December 31, 2001 and each anniversary thereof, unless (i) either party has given written notice of non-renewal to the other party at least 90 days prior to the scheduled expiration date of the Employment Period or (ii) your employment has been terminated pursuant to paragraph 4 hereof. During the Employment Period, you shall render such services of a senior executive nature to the SMTC Group Company, its subsidiaries and its affiliates and shall have such powers, duties and responsibilities as may from time to time be prescribed by the Holdings Company's Board of Directors (the "BOARD"). You shall perform and discharge, faithfully, diligently and competently, such services, duties and responsibilities. You shall devote all of your business time and attention and your best efforts and ability to the business and affairs of the SMTC Group Company and its subsidiaries and shall not engage in other Xxxx Xxxxxx Employment Agreement July 30, 1999 business activities (whether or not compensated) during the Employment Period term of this Agreement without prior written consent of the Board. You agree to serve, if elected or appointed thereto, in one or more positions as an officer or director of any one or more current or future members of the SMTC Group, Company or any one or more of the Company's present or future subsidiaries or affiliates of Holdingsaffiliates, or as an officer, trustee, director or other fiduciary of any pension or other employee benefit plan of the Company, Company or any one or more of the present or future its subsidiaries or affiliates of Holdingsaffiliates. Service in such additional positions will be without additional compensation except for reimbursement of reasonably related business expenses on the same terms as provided elsewhere in this Agreement.

Appears in 1 contract

Samples: SMTC Corp

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