Employment Transition. Employees potentially affected by an anticipated employment transition shall be retained in preference to the continuation of a contractor provided the employee is capable of performing the necessary work.
Employment Transition. Seller shall provide the services of the New Buyer Employees to Buyer until no later than April 30, 2002 pursuant to the terms of the Transition Consulting Reimbursement Agreement dated as of even date herewith, during which period (the “Employment Transition Period”) such employees (except to the extent their employment ends, collectively or individually, for the reasons set forth in Section 2.1 of the Transition Consulting Reimbursement Agreement) shall remain employees of Seller, shall remain on the payroll of Seller and shall continue to participate in Seller benefit plans. Buyer shall reimburse Seller for the employment expenses of the New Buyer Employees during the Employment Transition Period pursuant to the terms of the Transition Consulting Reimbursement Agreement. Effective no later than May 1, 2002, the arrangement shall terminate and those New Buyer Employees who have been offered employment with Buyer and have accepted such offer shall be employed by Buyer. * Confidential information. Information has been redacted.
Employment Transition. The Parties agree and acknowledge that:
Employment Transition. If the CEO’s employment is not extended by the Board of Directors or the CEO's employment is otherwise terminated for a reason other than common law cause, the CEO shall be entitled to reimbursement to a maximum of $6,000.00 for career based outplacement or re-training based on receipts provided proving these disbursements were incurred by the CEO.
Employment Transition. Xxxxxxxxxxxxx is currently employed by Molex as Executive Vice President and President, Commercial Products Division. Xxxxxxxxxxxxx and Molex agree that effective June 30, 2012, Xxxxxxxxxxxxx will step down as President, Commercial Products Division, and effective July 1, 2012, Xxxxxxxxxxxxx will be appointed as Executive Vice President, Technology & Innovation, reporting to the Chief Operating Officer of Molex. In this role, Xxxxxxxxxxxxx will be responsible for helping to: (i) establish Molex’s product vision, platform and roadmap; (ii) execute Molex’s product strategy; (iii) anticipate and react to major technology changes to ensure the maintenance of Molex leadership in the competitive landscape; (iv) manage the cross-divisional product innovation process to identify strategies, business opportunities and new technologies; and (v) establish key university relationships to explore new technologies and products and to develop a key technical employee talent pipeline. During this time, Xxxxxxxxxxxxx will remain an executive officer of Molex and a member of the Global Leadership Team.
Employment Transition. Employer shall transition Employee's employment, and Employee hereby accepts the transition of his employment with the Employer, in return for the covenant not to compete and upon the other terms set forth in this Agreement. The period of this Agreement shall commence on February 1, 2005 (the "Commencement Date") and end on the second anniversary of the Commencement Date (the "Initial Transition Period"), unless sooner terminated in accordance with the provisions hereof.
Employment Transition. March 31, 2016 will be your last day of employment with the Company (the “Employment End Date”). Effective immediately following the Employment End Date, you will seamlessly and without interruption continue with the Company in the role of Special Advisor. The following sets forth the material terms of your role as Special Advisor:
Employment Transition. Except as otherwise provided herein, Executive shall remain employed with Company on an at-will basis from the Effective Date of this Agreement though May 17, 2008 (the “Transition Term”) unless earlier terminated as provided below.
Employment Transition. Except as hereinafter otherwise provided, the Executive will remain employed as Executive Vice President and President, Shoppers through August 31, 2011 (the “Transition Date”). The Executive hereby resigns from his positions as officer, director, manager and/or member of all Company subsidiaries and affiliates, and all fiduciary positions that he may hold with respect to any Company, subsidiary, or affiliate employee benefit plans, effective the Transition Date; provided, however, that the Executive may resign before such time and the Company may terminate the Executive sooner in accordance with Section 8(b).
Employment Transition. Executive will retire as Chief Executive Officer and President of the Company effective on the earlier of (a) the date that a new Chief Executive Officer and President takes office; or (b) such other date as determined by the lead director of the Board of Directors of Jamba, Inc. (the “Board”) and communicated in writing to Executive at least thirty (30) days prior to such date selected by the Board (the earlier of (a) or (b), the “Separation Date”). Executive’s termination of employment on the Separation Date shall constitute a separation from service for purposes of Code Section 409A (as defined in Section 12 hereof), and the Company shall take all reporting positions consistent therewith. Until the Separation Date, Executive’s employment will continue to be governed by this Agreement and his Executive Employment Agreement. Executive agrees to resign from the Company and any corporate office or official position of any kind that he holds with the Company or any affiliate of the Company, including the role of Chairman of the Board of Directors, Board member and member of any Committee of the Board, in each case effective upon the Separation Date. To the extent Executive wishes to retire and/or discontinue his employment with the Company prior to the Separation Date contemplated above, Executive shall provide thirty (30) days written notice to the Board of Directors of Jamba, Inc. of the same and such date as so noticed shall instead be the Separation Date.
