Negotiation of Employment Agreements Sample Clauses

Negotiation of Employment Agreements. The Parties will use reasonable best efforts to negotiate the Employment Agreements as promptly as practical after signing and before the Closing, with each Party acting reasonably and in good faith.
Sample 1
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Negotiation of Employment Agreements. As soon as practicable after the Closing, but in no event longer than 60 days after the Closing Date, UBRANDIT agrees to negotiate in good faith with respect to entering into employment agreements, to be approved by the Board of Directors of UBRANDIT, by and between UBRANDIT, as employer, and Xxxx Xxxxx, J. Xxxx Xxxxxxxxx, Xxxx Xxxxxxxx, and Will Childers as employees, all of whom are currently employed by GIG.
Sample 1
Negotiation of Employment Agreements. As soon as practicable after the Closing, but in no event longer than 60 days after the Closing Date, ACCORD and COMPSPORTS agree to negotiate in good faith with respect to entering into employment agreements, to be approved by the Board of Directors of ACCORD, and entered into by and between ACCORD, as employer, and the Shareholders, who are currently employed by COMPSPORTS.
Sample 1
Negotiation of Employment Agreements. As soon as practicable after the Closing, but in no event longer than 60 days after the Closing Date, AETHLON and SYNGEN agree to negotiate in good faith with respect to entering into an employment agreement, to be approved by the Board of Directors of AETHLON, and entered into by and between AETHLON, as employer, and Shareholder, who is currently employed by SYNGEN. The terms of the employment agreement shall be consistent with the terms for such employment set forth in the AETHLON Letter of Intent.
Sample 1

Related to Negotiation of Employment Agreements

  • Termination of Employment Agreement (a) Effective as of the Effective Date and immediately prior to the Effective Time, the Employment Agreement is hereby terminated and shall be of no further force or effect whatsoever; provided, however, that, and notwithstanding anything in this Agreement to the contrary, such termination shall be contingent on the closing of the Merger.

  • TERMINATION OF EMPLOYMENT CONTRACT A. This Contract shall terminate, the Superintendent's employment will cease, and no compensation shall thereafter be paid, under any one of the following circumstances:

  • Employment Agreement On the terms and conditions set forth in this Agreement, the Company agrees to employ the Executive and the Executive agrees to be employed by the Company for the Employment Period set forth in Section 2 hereof and in the position and with the duties set forth in Section 3 hereof. Terms used herein with initial capitalization are defined in Section 10.12 below.

  • Prior Employment Agreements The Executive represents that he/she has not executed any agreement with any previous employer which may impose restrictions on Executive’s employment with the Employer.

  • Employment Agreements Each of the persons listed on Schedule 9.12 shall have been afforded the opportunity to enter into an employment agreement substantially in the form of Annex VIII hereto.

  • Termination of Employment Relationship 3.1 The Executive’s employment with the Company shall automatically terminate, and the Employment Term shall thereupon terminate:

  • No Employment Agreement Nothing in this agreement shall give the Executive any rights to (or impose any obligations for) continued employment by the Company or any Affiliate or subsidiary thereof or successor thereto, nor shall it give such entities any rights (or impose any obligations) with respect to continued performance of duties by the Executive.

  • Termination of Employment; Change in Control (i) For purposes of the grant hereunder, any transfer of employment by the Optionee among the Corporation and the Subsidiaries shall not be considered a termination of employment. If the Optionee's employment with the Corporation is terminated for Cause (as defined in the last Section hereof), the Option, whether or not then vested, shall be automatically terminated as of the date of such termination of employment. If the Optionee's employment with the Corporation shall terminate other than by reason of Retirement (as defined in the last Section hereof), Disability (as defined in the last Section hereof), death or Cause, the Option (to the extent then vested) may be exercised at any time within ninety (90) days after such termination (but not beyond the Term of the Option). The Option, to the extent not then vested, shall immediately expire upon such termination. If the Optionee dies or becomes Disabled (A) while employed by the Corporation or (B) within 90 days after the termination of his or her employment other than for Cause or Retirement, the Option (to the extent then vested) may be exercised at any time within one year after the Optionee's death or Disability (but not beyond the Term of the Option). The Option, to the extent not then vested, shall immediately expire upon such death or disability. If the Optionee's employment terminates by reason of Retirement, the Option shall (A) become fully and immediately vested and exercisable and (B) remain exercisable for three years from the date of such Retirement (but not beyond the Term of the Option).

  • of the Employment Agreement Section 4.4.3 of the Employment Agreement is hereby amended and restated in its entirety to read as follows:

  • Termination of Employment Change of Control (a) In the event of the Participant’s death prior to the termination of his Continuous Service, any unvested Stock Units shall immediately vest and the underlying Unit Shares shall be immediately delivered to the Participant’s beneficiary or beneficiaries.

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