Common use of Term of Employment; Termination Clause in Contracts

Term of Employment; Termination. 2.1. The Employee agrees to work for the Company for a period of twenty-four (24) months commencing on the date of this Agreement. However, the Company may terminate the Employee's employment at any time, for any reason (or no reason), and with or Without Cause, by providing the Employee with seven (7) days' written notice. If employment continues following the end of the two (2)-year term of this Agreement (the "Term"), it will continue on an "at-will" basis, which means that either the Employee or the Company may terminate the Employee's employment at any time, for any reason (or no reason), and with or Without Cause, by providing the other party with seven (7) days' written notice.

Appears in 6 contracts

Samples: Stock Repurchase Agreement (Osicom Technologies Inc), Stock Repurchase Agreement (Osicom Technologies Inc), Stock Repurchase Agreement (Osicom Technologies Inc)

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Term of Employment; Termination. 2.1. The Employee agrees to work for the Company for a period of twenty-four forty eight (2448) months commencing on the date of this Agreementhire, which was November 1, 2001. However, the Company may terminate the Employee's employment at any time, for any reason (or no reason), and with or Without Cause, by providing the Employee with seven thirty (730) days' written notice. If employment continues following the end of the two four (2)-year 4)-year term of this Agreement (the "Term"), it will continue on an "at-will" basis, which means that either the Employee or the Company may terminate the Employee's employment at any time, for any reason (or no reason), and with or Without Cause, by providing the other party with seven thirty (730) days' days written notice.

Appears in 1 contract

Samples: Employment Agreement (Entrada Networks Inc)

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Term of Employment; Termination. 2.1. The Employee agrees to work for the Company for a period of twenty-four forty eight (2448) months commencing on the date of this Agreementhire, which was April 14, 2000. However, the Company may terminate the Employee's employment at any time, for any reason (or no reason), and with or Without Cause, by providing the Employee with seven thirty (730) days' written notice. If employment continues following the end of the two four (2)-year 4)-year term of this Agreement (the "Term"), it will continue on an "at-will" basis, which means that either the Employee or the Company may terminate the Employee's employment at any time, for any reason (or no reason), and with or Without Cause, by providing the other party with seven (7) days' written notice.the

Appears in 1 contract

Samples: Employment Agreement (Entrada Networks Inc)

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