Common use of Term; Exclusivity Clause in Contracts

Term; Exclusivity. 2.3.1. The Term of this Agreement shall commence as of the Effective Date and shall continue through June 7, 2008 (the "Initial Term") unless sooner terminated in accordance with the provisions of this Agreement. Following the Initial Term, this Agreement and the Executive's employment may be continued either under this Agreement or any other agreement, upon such terms and conditions as the Executive and the Company may mutually agree. The Initial Term and any subsequent term of employment of the Executive is herein collectively referred to as the "Term". Notwithstanding the foregoing upon the completion of the Initial Term, Executive's employment shall continue on a month to month basis on the terms and conditions specified in this Agreement and until such time as Executive shall be given not less than three (3) months prior advance notice of the Company's intention to terminate this Agreement, either on the expiration of the Initial Term or thereafter. 2.3.2. The Services shall be rendered by the Executive on a full time basis and shall be exclusively rendered to SearchHelp and/or the SearchHelp Affiliates. The Executive acknowledges that his Services shall be performed as an "exempt' employee and that, as such, he shall not be entitled to overtime or compensatory compensation, other than periodic bonuses as may be awarded to the Executive from time to time by the Board of Directors of the Company in the exercise of their sole discretion.

Appears in 1 contract

Sources: Employment Agreement (Searchhelp Inc)

Term; Exclusivity. 2.3.1. The Term of this Agreement shall commence as of the Effective Date and shall continue through June 7April 30, 2008 (the "Initial Term") unless sooner terminated in accordance with the provisions of this Agreement. Following the Initial Term, this Agreement and the Executive's employment may be continued either under this Agreement or any other agreement, upon such terms and conditions as the Executive and the Company may mutually agree. The Initial Term and any subsequent term of employment of the Executive is herein collectively referred to as the "Term". Notwithstanding the foregoing upon the completion of the Initial Term, Executive's employment shall continue on a month to month basis on the terms and conditions specified in this Agreement and until such time as Executive shall be given not less than three (3) months prior advance notice of the Company's intention to terminate this Agreement, either on the expiration of the Initial Term or thereafter. 2.3.2. The Services shall be rendered by the Executive on a full time basis and shall be exclusively rendered to SearchHelp and/or the SearchHelp Affiliates. The Executive acknowledges that his Services shall be performed as an "exempt' employee and that, as such, he shall not be entitled to overtime or compensatory compensation, other than periodic bonuses as may be awarded to the Executive from time to time by the Board of Directors of the Company in the exercise of their sole discretion.

Appears in 1 contract

Sources: Employment Agreement (Searchhelp Inc)

Term; Exclusivity. 2.3.1. The Term of this Agreement shall commence as of the Effective Date and shall continue through June 7April 25, 2008 (the "Initial Term") unless sooner terminated in accordance with the provisions of this Agreement. Following the Initial Term, this Agreement and the Executive's employment may be continued either under this Agreement or any other agreement, upon such terms and conditions as the Executive and the Company may mutually agree. The Initial Term and any subsequent term of employment of the Executive is herein collectively referred to as the "Term". Notwithstanding the foregoing upon the completion of the Initial Term, Executive's employment shall continue on a month to month basis on the terms and conditions specified in this Agreement and until such time as Executive shall be given not less than three (3) months prior advance notice of the Company's intention to terminate this Agreement, either on the expiration of the Initial Term or thereafter. 2.3.2. The Services shall be rendered by the Executive on a full time basis and shall be exclusively rendered to SearchHelp and/or the SearchHelp Affiliates. The Executive acknowledges that his Services shall be performed as an "exempt' employee and that, as such, he shall not be entitled to overtime or compensatory compensation, other than periodic bonuses as may be awarded to the Executive from time to time by the Board of Directors of the Company in the exercise of their sole discretion.

Appears in 1 contract

Sources: Employment Agreement (Searchhelp Inc)