Position and Term. The Company hereby employs Executive as Chief Operating Officer, reporting directly to the Chief Executive Officer, and Executive hereby accepts said employment and agrees to render such services to the Company on the terms and conditions set forth in this Agreement. Unless terminated in accordance with Section 5 below, the term of this Agreement will be for a term of five (5) years commencing on the Effective Date of this Agreement (the “Initial Term”); provided, however, that, while this Agreement is in effect, beginning one (1) year following the Effective Date and continuing on each one-year anniversary date of the Agreement (the “Annual Renewal Date”), this Agreement will be automatically extended for an additional one (1) year (“Renewal Term”), unless one of the Parties gives the other Party written notice of non-renewal (in accordance with Section 6.2 below) at least thirty (30) days before the impending Annual Renewal Date (in which event this Agreement shall terminate at the end of the then current Term.) Reference herein to “Term” shall refer both to the Initial Term and any successive Renewal Term, as the context requires.
Appears in 1 contract
Sources: Employment Agreement (American Defense Systems Inc)
Position and Term. The Company hereby employs Executive as Chief Operating OfficerVice President of Military Sales, reporting directly to the Company’s Chief Executive Officer, and Executive hereby accepts said employment and agrees to render such services to the Company on the terms and conditions set forth in this Agreement. Unless terminated in accordance with Section 5 below, the term of this Agreement will be for a term of shall terminate five (5) years commencing on from the Effective Date of this Agreement (the “Initial Term”); provided, however, that, while this Agreement is in effect, beginning one (1) year following the Effective Date and continuing on each one-year anniversary date of the Agreement (the “Annual Renewal Date”), this Agreement will shall be automatically extended for an additional one (1) year (“Renewal Term”), unless one of the Parties gives the other Party written notice of non-renewal (in accordance with Section 6.2 below) at least thirty (30) days before the impending Annual Renewal Date (in which event this Agreement shall terminate at continue in effect for the end remainder of the then current Term.) ). Reference herein to “Term” shall refer both to the Initial Term and any successive Renewal Term, as the context requires.
Appears in 1 contract
Sources: Employment Agreement (American Defense Systems Inc)
Position and Term. The Company hereby employs Executive as Chief Operating OfficerVice President of Research & Development, reporting directly to the Company’s Chief Executive Officer, and Executive hereby accepts said employment and agrees to render such services to the Company on the terms and conditions set forth in this Agreement. Unless terminated in accordance with Section 5 below, the term of this Agreement will be for a term of shall terminate five (5) years commencing on from the Effective Date of this Agreement (the “Initial Term”); provided, however, that, while this Agreement is in effect, beginning one (1) year following the Effective Date and continuing on each one-year anniversary date of the Agreement (the “Annual Renewal Date”), this Agreement will shall be automatically extended for an additional one (1) year (“Renewal Term”), unless one of the Parties gives the other Party written notice of non-renewal (in accordance with Section 6.2 below) at least thirty (30) days before the impending Annual Renewal Date (in which event this Agreement shall terminate at continue in effect for the end remainder of the then current Term.) ). Reference herein to “Term” shall refer both to the Initial Term and any successive Renewal Term, as the context requires.
Appears in 1 contract
Sources: Employment Agreement (American Defense Systems Inc)
Position and Term. The Company hereby employs Executive as Chief Operating Financial Officer, reporting directly to the Company’s Chief Executive Officer, and Executive hereby accepts said employment and agrees to render such services to the Company on the terms and conditions set forth in this Agreement. Unless terminated in accordance with Section 5 below, the term of this Agreement will be for a term of shall terminate five (5) years commencing on from the Effective Date of this Agreement (the “Initial Term”); provided, however, that, while this Agreement is in effect, beginning one (1) year following the Effective Date and continuing on each one-year anniversary date of the Agreement (the “Annual Renewal Date”), this Agreement will shall be automatically extended for an additional one (1) year (“Renewal Term”), unless one of the Parties gives the other Party written notice of non-renewal (in accordance with Section 6.2 below) at least thirty (30) days before the impending Annual Renewal Date (in which event this Agreement shall terminate at continue in effect for the end remainder of the then current Term.) ). Reference herein to “Term” shall refer both to the Initial Term and any successive Renewal Term, as the context requires.
Appears in 1 contract
Sources: Employment Agreement (American Defense Systems Inc)
Position and Term. The Company hereby employs Executive as Chief Operating OfficerVice President of Engineering, reporting directly to the Company’s Chief Executive Officer, and Executive hereby accepts said employment and agrees to render such services to the Company on the terms and conditions set forth in this Agreement. Unless terminated in accordance with Section 5 below, the term of this Agreement will be for a term of shall terminate five (5) years commencing on from the Effective Date of this Agreement (the “Initial Term”); provided, however, that, while this Agreement is in effect, beginning one (1) year following the Effective Date and continuing on each one-year anniversary date of the Agreement (the “Annual Renewal Date”), this Agreement will shall be automatically extended for an additional one (1) year (“Renewal Term”), unless one of the Parties gives the other Party written notice of non-renewal (in accordance with Section 6.2 below) at least thirty (30) days before the impending Annual Renewal Date (in which event this Agreement shall terminate at continue in effect for the end remainder of the then current Term.) ). Reference herein to “Term” shall refer both to the Initial Term and any successive Renewal Term, as the context requires.
Appears in 1 contract
Sources: Employment Agreement (American Defense Systems Inc)
Position and Term. The Company hereby employs Executive as Chief Operating OfficerVice President of Program Management, reporting directly to the Company’s Chief Executive Officer, and Executive hereby accepts said employment and agrees to render such services to the Company on the terms and conditions set forth in this Agreement. Unless terminated in accordance with Section 5 below, the term of this Agreement will be for a term of shall terminate five (5) years commencing on from the Effective Date of this Agreement (the “Initial Term”); provided, however, that, while this Agreement is in effect, beginning one (1) year following the Effective Date and continuing on each one-year anniversary date of the Agreement (the “Annual Renewal Date”), this Agreement will shall be automatically extended for an additional one (1) year (“Renewal Term”), unless one of the Parties gives the other Party written notice of non-renewal (in accordance with Section 6.2 below) at least thirty (30) days before the impending Annual Renewal Date (in which event this Agreement shall terminate at continue in effect for the end remainder of the then current Term.) ). Reference herein to “Term” shall refer both to the Initial Term and any successive Renewal Term, as the context requires.
Appears in 1 contract
Sources: Employment Agreement (American Defense Systems Inc)