Common use of Employment and Term Clause in Contracts

Employment and Term. The Company hereby agrees to continue to employ Executive and Executive hereby accepts the continued employment by the Company on the terms and conditions hereinafter set forth. Executive’s term of employment by the Company under this Agreement (the “Term”) shall continue from the Effective Date through December 31, 2015; provided, however, that the Term shall thereafter be automatically extended for unlimited additional one-year periods unless, at least three months prior to the then-scheduled date of expiration of the Term, either (a) the Company gives notice to Executive that it is electing not to so extend the Term or (b) Executive gives notice to the Company that he is electing not to so extend the Term. Notwithstanding the foregoing, the Term may be earlier terminated in strict accordance with the provisions of Section 5 below, in which event Executive’s employment with the Company shall expire in accordance therewith.

Appears in 4 contracts

Samples: Executive Employment Agreement (Inspire Pharmaceuticals Inc), Executive Employment Agreement (Inspire Pharmaceuticals Inc), Executive Employment Agreement (Inspire Pharmaceuticals Inc)

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Employment and Term. The Company hereby agrees to continue to employ Executive and Executive hereby accepts the continued employment by the Company on the terms and conditions hereinafter set forth. Executive’s term of employment by the Company under this Agreement (the “Term”) shall commence on May 31, 2015 (the “Effective Date”) and continue from through the three-year anniversary of the Effective Date through December 31, 2015Date; provided, however, that the Term shall thereafter be automatically extended for unlimited additional one-year periods unless, at least three months ninety (90) days prior to the then-scheduled date of expiration of the Term, either (ax) the Company gives notice to Executive that it is electing not to so extend the Term Term; or (by) Executive gives notice to the Company that he is electing not to so extend the Term. Notwithstanding the foregoing, the Term may be earlier terminated in strict accordance with the provisions of Section 5 below, in which event Executive’s employment with the Company shall expire in accordance therewith.

Appears in 4 contracts

Samples: Executive Employment Agreement (Pozen Inc /Nc), Executive Employment Agreement (Pozen Inc /Nc), Executive Employment Agreement (Pozen Inc /Nc)

Employment and Term. The Company hereby agrees to continue to employ Executive and Executive hereby accepts the continued employment by the Company on the terms and conditions hereinafter set forth. Executive’s term of employment by the Company under this Agreement (the “Term”) shall commence on June 22, 2015 (the “Effective Date”) and continue from through the three-year anniversary of the Effective Date through December 31, 2015Date; provided, however, that the Term shall thereafter be automatically extended for unlimited additional one-year periods unless, at least three months ninety (90) days prior to the then-scheduled date of expiration of the Term, either (ax) the Company gives notice to Executive that it is electing not to so extend the Term Term; or (by) Executive gives notice to the Company that he is electing not to so extend the Term. Notwithstanding the foregoing, the Term may be earlier terminated in strict accordance with the provisions of Section 5 below, in which event Executive’s employment with the Company shall expire in accordance therewith.

Appears in 2 contracts

Samples: Executive Employment Agreement (Pozen Inc /Nc), Executive Employment Agreement (Pozen Inc /Nc)

Employment and Term. The Company hereby agrees to continue to employ Executive and Executive hereby accepts the continued employment by the Company on the terms and conditions hereinafter set forth. Executive’s term of employment by the Company under this Agreement (the “Term”) shall commence on June 27, 2015 (the “Effective Date”) and continue from through the three-year anniversary of the Effective Date through December 31, 2015Date; provided, however, that the Term shall thereafter be automatically extended for unlimited additional one-year periods unless, at least three months ninety (90) days prior to the then-scheduled date of expiration of the Term, either (ax) the Company gives notice to Executive that it is electing not to so extend the Term Term; or (by) Executive gives notice to the Company that he is electing not to so extend the Term. Notwithstanding the foregoing, the Term may be earlier terminated in strict accordance with the provisions of Section 5 below, in which event Executive’s employment with the Company shall expire in accordance therewith.

Appears in 1 contract

Samples: Executive Employment Agreement (Pozen Inc /Nc)

Employment and Term. The Company hereby agrees to continue to employ Executive and Executive hereby accepts the continued employment by the Company on the terms and conditions hereinafter set forth. Executive’s term of employment by the Company under this Agreement (the “Term”) shall continue from the Effective Date through December 31, 20152023; provided, however, that the Term shall thereafter be automatically extended for unlimited additional one-year periods unless, at least three months prior to the then-scheduled date of expiration of the Term, either (a) the Company gives notice to Executive that it is electing not to so extend the Term or (b) Executive gives notice to the Company that he is electing not to so extend the Term. Notwithstanding the foregoing, the Term may be earlier terminated in strict accordance with the provisions of Section 5 below, in which event Executive’s employment with the Company shall expire in accordance therewith.

Appears in 1 contract

Samples: Executive Employment Agreement (Wireless Telecom Group Inc)

Employment and Term. The Company hereby agrees to continue to employ Executive and Executive hereby accepts the continued employment by the Company on the terms and conditions hereinafter set forth. Executive’s term of employment by the Company under this Agreement (the “Term”) shall commence on October 1, 2015 (the “Effective Date”) and continue from through the three-year anniversary of the Effective Date through December 31, 2015Date; provided, however, that the Term shall thereafter be automatically extended for unlimited additional one-year periods unless, at least three months ninety (90) days prior to the then-scheduled date of expiration of the Term, either (ax) the Company gives notice to Executive that it is electing not to so extend the Term Term; or (by) Executive gives notice to the Company that he is electing not to so extend the Term. Notwithstanding the foregoing, the Term may be earlier terminated in strict accordance with the provisions of Section 5 below, in which event Executive’s employment with the Company shall expire in accordance therewith.

Appears in 1 contract

Samples: Executive Employment Agreement (Pozen Inc /Nc)

Employment and Term. The Company hereby agrees to continue to employ Executive and Executive hereby accepts the continued employment by the Company on the terms and conditions hereinafter set forth. Executive’s term of employment by the Company under this Agreement (the “Term”) shall commence on June 27, 2015 (the “Effective Date”) and continue from through the three-year anniversary of the Effective Date through December 31, 2015Date; provided, however, that the Term shall thereafter be automatically extended for unlimited additional one-year periods unless, at least three months ninety (90) days prior to the then-scheduled date of expiration of the Term, either (ax) the Company gives notice to Executive that it is electing not to so extend the Term Term; or (by) Executive gives notice to the Company that he she is electing not to so extend the Term. Notwithstanding the foregoing, the Term may be earlier terminated in strict accordance with the provisions of Section 5 below, in which event Executive’s employment with the Company shall expire in accordance therewith.

Appears in 1 contract

Samples: Executive Employment Agreement (Pozen Inc /Nc)

Employment and Term. The Company hereby agrees to continue to employ Executive and Executive hereby accepts the continued employment by the Company on the terms and conditions hereinafter set forth. Executive’s term of employment by the Company under this Agreement (the “Term”) shall continue from the Effective Date through December 31June 30, 20152017; provided, however, that the Term shall thereafter be automatically extended for unlimited additional one-year periods unless, at least three months prior to the then-scheduled date of expiration of the Term, either (a) the Company gives notice to Executive that it is electing not to so extend the Term or (b) Executive gives notice to the Company that he is electing not to so extend the Term. Notwithstanding the foregoing, the Term may be earlier terminated in strict accordance with the provisions of Section 5 below, in which event Executive’s employment with the Company shall expire in accordance therewith.

Appears in 1 contract

Samples: Executive Employment Agreement (Wireless Telecom Group Inc)

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Employment and Term. The Company hereby agrees to continue to employ Executive and Executive hereby accepts the continued employment by the Company on the terms and conditions hereinafter set forth. Executive’s term of employment by the Company under this Agreement (the “Term”) commenced on March 21, 2022 (the “Effective Date”) and shall continue from through the Effective Date through December 31, 2015three-year anniversary of such date; provided, however, that the Term shall thereafter be automatically extended for unlimited additional one-year periods unless, at least three months ninety (90) days prior to the then-scheduled date of expiration of the Term, either (ax) the Company gives written notice to Executive that it is electing not to so extend the Term or (by) Executive gives written notice to the Company that he Executive is electing not to so extend the Term. Notwithstanding the foregoing, the Term may be earlier terminated in strict accordance with the provisions of Section 5 below, in which event Executive’s employment with the Company shall expire in accordance therewith.

Appears in 1 contract

Samples: Executive Employment Agreement (Centene Corp)

Employment and Term. The Company hereby agrees to continue to employ Executive and Executive hereby accepts the continued employment by the Company on the terms and conditions hereinafter set forth. Executive’s term of employment by the Company under this Agreement (the “Term”) shall commence on May 10, 2010 or such earlier date as the parties may agree (the “Effective Date”) and continue from the Effective Date through December 31, 20152014; provided, however, that the Term shall thereafter be automatically extended for unlimited additional one-year periods unless, at least three six months prior to the then-scheduled date of expiration of the Term, either (ax) the Company gives notice to Executive that it is electing not to so extend the Term or (by) Executive gives notice to the Company that he is electing not to so extend the Term. Notwithstanding the foregoing, the Term may be earlier terminated in strict accordance with the provisions of Section 5 below, in which event Executive’s employment with the Company shall expire in accordance therewith.

Appears in 1 contract

Samples: Executive Employment Agreement (Inspire Pharmaceuticals Inc)

Employment and Term. The Company hereby agrees to continue to employ Executive and Executive hereby accepts the continued employment by the Company on the terms and conditions hereinafter set forth. Executive’s term of employment by the Company under this Agreement (the “Term”) shall commence on September 15, 2010 or such earlier date as the parties may mutually agree (the “Effective Date”) and continue from the Effective Date through December 31, 2015; provided, however, that the Term shall thereafter be automatically extended for unlimited additional one-year periods unless, at least three months prior to the then-scheduled date of expiration of the Term, either (a) the Company gives notice to Executive that it is electing not to so extend the Term or (b) Executive gives notice to the Company that he is electing not to so extend the Term. Notwithstanding the foregoing, the Term may be earlier terminated in strict accordance with the provisions of Section 5 below, in which event Executive’s employment with the Company shall expire in accordance therewith.

Appears in 1 contract

Samples: Executive Employment Agreement (Inspire Pharmaceuticals Inc)

Employment and Term. The Company hereby agrees to continue to employ Executive and Executive hereby accepts the continued employment by the Company on the terms and conditions hereinafter set forth. Executive’s term of employment by the Company under this Agreement (the “Term”) shall commence on March 13, 2018 (the “Effective Date”) and continue from through the three-year anniversary of the Effective Date through December 31, 2015Date; provided, however, that the Term shall thereafter be automatically extended for unlimited additional one-year periods unless, at least three months ninety (90) days prior to the then-scheduled date of expiration of the Term, either (ax) the Company gives notice to Executive that it is electing not to so extend the Term Term; or (by) Executive gives notice to the Company that he is electing not to so extend the Term. Notwithstanding the foregoing, the Term may be earlier terminated in strict accordance with the provisions of Section 5 below, in which event Executive’s employment with the Company shall expire in accordance therewith.

Appears in 1 contract

Samples: Executive Employment Agreement (Aralez Pharmaceuticals Inc.)

Employment and Term. The Company hereby agrees to continue to employ Executive and Executive hereby accepts the continued employment by the Company on the terms and conditions hereinafter set forth. Executive’s term of employment by the Company under this Agreement (the “Term”) shall commence on February 22, 2010 (the “Effective Date”) and continue from the Effective Date through December 31, 20152014; provided, however, that the Term shall thereafter be automatically extended for unlimited additional one-year periods unless, at least three six months prior to the then-scheduled date of expiration of the Term, either (ax) the Company gives notice to Executive that it is electing not to so extend the Term or (by) Executive gives notice to the Company that he is electing not to so extend the Term. Notwithstanding the foregoing, the Term may be earlier terminated in strict accordance with the provisions of Section 5 below, in which event Executive’s employment with the Company shall expire in accordance therewith.

Appears in 1 contract

Samples: Executive Employment Agreement (Inspire Pharmaceuticals Inc)

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