First Employment Period Sample Clauses

First Employment Period. For purposes of this Agreement, the term "First Employment Period" means the period commencing on the date of this Agreement and ending on the first to occur of the following: (i) the date of termination of the Executive's employment pursuant to the terms of Article I of this Agreement; (ii) a Change in Control of the Company; or (iii) on the first anniversary of the date of this Agreement; provided, however, that the First Employment Period and the provisions of this Agreement relating thereto shall automatically renew for one additional year on the first anniversary of the date of this Agreement and on each anniversary thereafter, unless (a) a Change in Control of the Company has occurred; (b) the date of termination of the Executive's employment pursuant to the terms of Article I of this Agreement has occurred; or (c) at least ninety (90) days prior to such applicable annual anniversary of the date of this Agreement, the Executive shall have delivered to the Company, or the Company shall have delivered to the Executive, written notice that the First Employment Period will not be extended.
Sample 1
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Related to First Employment Period

  • Termination of Employment Period The employment of the Employee by the Company pursuant to this Agreement shall terminate upon the occurrence of any of the following:

  • Expiration of Employment Period If Executive’s employment shall be terminated due to the normal expiration of the Employment Period, this Agreement shall terminate without further obligations to Executive, other than for payment of Accrued Obligations and the timely payment or provision of Other Benefits.

  • Employment Period The Company hereby agrees to continue the Executive in its employ, and the Executive hereby agrees to remain in the employ of the Company subject to the terms and conditions of this Agreement, for the period commencing on the Effective Date and ending on the third anniversary of such date (the "Employment Period").

  • Employment Period; Remaining Unexpired Employment Period (a) The terms and conditions of this Agreement shall be and remain in effect during the period of employment established under this Section 2 (the “Employment Period”). The Employment Period shall be for an initial term of three years beginning on the Initial Effective Date and ending on the day before the third anniversary date of the Initial Effective Date, plus such extensions, if any, as are provided by the Board of Directors of the Company (the “Board”) pursuant to Section 2(b).

  • Term of Employment; Termination (a) The “

  • Employment Period Compensation In consideration of the other provisions of this Agreement, and the Executive’s agreement to execute a Release Agreement, substantially in the form attached hereto as Exhibit B, in the event of his termination under relevant circumstances pursuant to which he would be paid severance benefits, ESC shall provide the Executive with the following payments and benefits, both those set forth in this section and elsewhere in this Agreement:

  • Subsequent Employment Those teachers whose employment commences after the start of the school year shall pay a pro-rated amount equal to the percentage of the remaining school year.

  • Severance Period For purposes of this Agreement, “Severance Period” means the period of time commencing immediately after Executive’s separation of service from the Company through the date that is six (6) months following such separation date, plus an additional two (2) months for every fully completed Year of Service; provided, however, that in all cases the Severance Period will end no later than on the twelve (12)-month anniversary of the date of Executive’s termination of employment.

  • At-Will Employment; Termination The Company and Executive acknowledge that Executive’s employment is and shall continue to be at-will, as defined under applicable law, and that Executive’s employment with the Company may be terminated by either party at any time for any or no reason, with or without notice. If Executive’s employment terminates for any reason, Executive shall not be entitled to any payments, benefits, damages, awards or compensation other than as provided in this Agreement. Executive’s employment under this Agreement shall be terminated immediately on the death of Executive.

  • Employment Termination This Agreement and the employment of the Executive shall terminate upon the occurrence of any of the following:

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