New Employment Agreement. Effective as of the Effective Date, Employer shall employ Employee, and Employee shall serve, as Employer’s Senior Vice President-Drug Development on the terms set forth in Sections 2 through 19 hereof, which shall constitute Employee’s new employment agreement with Employer (the “New Employment Agreement”).
New Employment Agreement. The Executive agrees to execute and deliver, concurrently with his receipt of the payment provided under Section (2) above, a new employment agreement substantially in the form attached hereto as Exhibit "B," in which the Executive agrees to continue his employment by the Company commencing on the effective date of this Agreement through the earliest of (i) September 30, 2000, (ii) the 60th day after the consummation of the Sales Agreements, and (iii) the termination date determined by the Board of Directors of the Company, in order to assist the Company in the implementation and consummation of the Sales Agreements, the Chapter 11 bankruptcy filing and proceeding of the Company, the contemplated liquidation of the Company and related events.
New Employment Agreement. In exchange for Executive's release of claims and other promises as described below, and upon the Effective Date of this Settlement Agreement, the Corporation agrees to enter into the Employment Agreement and continue Executive's employment pursuant to its terms. Executive acknowledges and agrees that the Corporation's willingness to enter into the Employment Agreement constitutes valuable and sufficient consideration for his promises contained herein, and provides him with benefits and other consideration to which he would not otherwise be entitled.
New Employment Agreement. The New Employment Agreement shall remain in full force and effect.
New Employment Agreement. If requested by IMH, Executive shall agree to enter into separate employment agreements to evidence the terms of Executive’s employment by each of IMH and Infinet, as applicable.
New Employment Agreement. Effective as of the Effective Date, Employer shall employ Employee, and Employee shall serve, as Employer’s Chief Financial Officer on the terms set forth in Sections 2 through 19 hereof, which shall constitute Employee’s new employment agreement with Employer (the “New Employment Agreement”).
New Employment Agreement. The New Employment Agreement shall have been executed and delivered by Xxxxxxx Xxxxxx and Buyer.
New Employment Agreement. The Employer is in the process of establishing a Foreign-Invested Commercial Enterprise (the "FICE") in the Peoples Republic of China (the "PRC"). It is the intention of the parties that once the FICE is duly licensed to commence business in the PRC, the FICE will become the employer of the Employee. The parties agree to negotiate in good faith modifications of the terms of this Agreement or a new employment agreement as the Employer may reasonably require to evidence such change of employer and the jurisdiction in which such employment shall take place (including increases in the duration of the restrictions of the types set forth in Section 9 for a period not to exceed 24 months following any termination of employment).
New Employment Agreement. If requested by Mastech, Xxxxxxxx shall ------------------------ enter into a new employment agreement with Mastech in a form substantially the same as the form of employment agreement entered into by other executive officers of Mastech in connection with the IPO, provided that such agreement shall not reduce or limit Shangold's rights under this Agreement. The undersigned have executed this Agreement as of the date first above written. EXECUTED IN DUPLICATE MASTECH CORPORATION /s/ Xxxxx Xxxxxxxx -------------------- Co-Chairman XXXXXX XXXXXXXX /s/ Xxxxxx Xxxxxxxx --------------------- ADDENDUM TO AGREEMENT BY AND BETWEEN MASTECH SYSTEMS CORPORATION AND XXXXXX XXXXXXXX THIS ADDENDUM is made this ____ day of November, 1996 by and between MASTECH SYSTEMS CORPORATION (f/k/a Mastech Corporation) ("Mastech Systems") and XXXXXX XXXXXXXX, an individual currently residing at 0000 Xxxxxxxxxx Xxxxx, Xxxxxxxx, Xxxxxxxxxxxx 00000 (hereinafter "Xxxxxxxx") (collectively, Mastech and Xxxxxxxx shall sometimes be referred to herein as the "Parties").
New Employment Agreement. Contemporaneously herewith, the Parent Bank has entered into an employment agreement with the President and CEO of the Company, pursuant to which he shall become President and CEO of the Patriot division of the Surviving Bank commencing as of the effective time of the Bank Merger.
