Employment Transition Period. The Company agrees to maintain Executive as an employee of the Company from February 1, 2018 through May 31, 2018 (the “Employment Transition Period”) and the Parties further agree as follows:
Employment Transition Period. Beginning on November 16, 2002, and ending November 16, 2003, Mr. Davis shall be in an Employment Transition Period xxxx Xxxdor, during which time Mr. Davis shall receive a gross base salary of Ninety Xxxxxxxx, Eight Hundred Ninety-Five Dollars ($90,895.00) per year, and his profit sharing for calendar year 2002 and may participate in the 401(k) plan. Mr. Davis' base pay during his Employment Transition Xxxxxx xxall incorporate and include any vacation time, pay, or bonuses which he would otherwise be entitled; provided that Mr. Davis will be entitled to receive the contingent xxxxxxxxxion payment that would otherwise be paid on or about December 15, 2002; and February 15, 2003; which represent contingent payments based upon Baldor's performance in 2002 and Mr. Davis' services in that year. b. Underxxxxxxxx
Employment Transition Period. Effective as of April 25, 2018 (the "Transition Date"), and without any further action required on the part of the Company or the Executive, the Executive acknowledges that he has resigned from his positions as Chief Executive Officer of the Company and as an officer of any subsidiary or affiliate of the Company. Although the preceding sentence is intended to be self-executing, the Executive shall execute any documents required by the Company to effectuate or memorialize the preceding sentence. The Company agrees to employ the Executive in a non-executive capacity as advisor to the Chief Executive Officer to assist with transition duties for a period commencing on the Transition Date and ending on August 31, 2018 (such period, the “Employment Transition Period”). During the Employment Transition Period, the Company and the Executive agree that:
Employment Transition Period. Stodxxxx'x xxxive duties and responsibilities with the Company as officer and director will end on August 2, 2000. Under the terms and subject to the conditions of this Agreement, Stodxxxx'x xxxtus as an employee with the Company shall continue through and including August 31, 2000. During such period, Stodxxxx xxxll be considered an "employee" of the Company for the limited purposes of the employee benefit plan coverages available to employees of the Company and the SAFECO Long-Term Incentive Plan of 1997 ("Plan"), but Stodxxxx xxxll not be required to report to the Company for or to perform any work. Stodxxxx xxxl resign from employment with the Company effective August 31, 2000.
Employment Transition Period. The Parties have mutually agreed, in the interest of an orderly succession of your role, to continue your employment with the Company from March 12, 2019 through May 31, 2019 (such period, the “Employment Transition Period”), subject to the provisions of this Section 1 below. During the Employment Transition Period, the Parties agree that: (a) you will continue to receive your Base Salary in effect as of the date hereof plus all applicable benefits and perquisites, accrual and crediting of applicable amounts under the Company’s annual performance bonus plan, vesting of equity and other long-term incentive awards in accordance with the terms thereof and reimbursement of expenses, (less, in each case, applicable deductions and withholdings in accordance with Company’s usual payroll practices and procedures), and (b) you will continue in a full-time, non-executive, non-officer employment role reporting to the Company’s Chief Executive Officer (“CEO”), assisting with the transfer of your responsibilities and such other advisory activities as you and the CEO previously discussed in connection with this transition. You acknowledge that your last day of employment with the Company shall be May 31, 2019 (the “Separation Date”). Effective as of the date hereof, you hereby irrevocably resign from all positions you hold with the Company and its subsidiaries, including as Senior Executive Vice President, Chief Financial Officer and Chief Administrative Officer and agree to execute any additional documents required by the Company to effectuate such resignations. You agree that, following the Separation Date, you will not represent yourself to be associated in any capacity with the Company or any of its subsidiaries or affiliates (collectively, the “Company Group”).
Employment Transition Period. Under the terms and subject to the conditions of this Agreement: Zunkxx'x xxxloyment with the Company shall continue through and including August 31, 1998; Zunkxx xxxll resign as President of the Company effective February 7, 1998; and Zunkxx xxxll be named Vice Chairman of the Company from February 7, 1998 through August 31, 1998. From the effective date of this Agreement through August 31, 1998, Zunkxx xxxll assist in the completion of those projects or activities deemed essential by the President of SAFECO Corporation, shall provide support so that the transition to his successor is completed smoothly and with a minimum of disruption, and shall be available to complete other duties, including representing the Company or its parent or affiliates in community and industry activities, as may from time-to-time be assigned by the President of SAFECO Corporation.
Employment Transition Period. (a) Commencing on the effective date of this Agreement and ending on the close of business on August 17, 2007 (the “Employment Transition Period”), Wolverine agrees to continue to employ Weil as its Senior Vice-President, International and Strategic Development and Weil agrees to such continued employment, subject to the terms and provisions of this Agreement.
Employment Transition Period. Under the terms and subject to the conditions of this Agreement, Lowber's employment status witx xxx Xxmpany shall continue through December 31, 2002. During the period from and after July 22, 2002 Lowber shall not be required to report regularly to the Company for any work and shall be considered an "employee" of the Company for the limited purposes of the employee benefit plan coverages available to employees of the Company and under the SAFECO Incentive Stock Option Plan of 1987 and the SAFECO Long-Term Incentive Plan of 1997.
Employment Transition Period. For the period in which Executive will continue as an employee of M&I and Chairman of the Board following his retirement as Chief Executive Officer, Executive will receive salary at his current rate, and continue participation in other compensation and benefit programs, subject to approval by the Compensation and Human Resources Committee of the Board where required. Upon his retirement as an employee on January 1, 2008, Executive will also be fully vested in any outstanding restricted shares or restricted share units, which are not otherwise vested in accordance with their normal terms on such date.
Employment Transition Period. During the period from the execution date of this Agreement through the date upon which a new Senior Vice President, Engineering commences employment with the Company or such earlier date designated by the Company (the “Transition Period”), you will remain in your full-time position of Senior Vice President, Engineering, and will continue to discharge the duties within your areas of responsibility and assist in the recruitment, training and transition of your responsibilities to a new Senior Vice President, Engineering. During the Transition Period, you will continue to receive salary and benefits at the level in effect as of March 28, 2012. Your employment will at all times during the Transition Period and thereafter continue to be terminable on an at-will basis, without cause or notice, by either you or the Company.
