Employment Period definition

Employment Period has the meaning set forth in Section 1.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Employment Period has the meaning set forth in Section 2.01.

Employment Period means the period during which Executive is employed by the Company pursuant to this Agreement.

Examples of Employment Period in a sentence

• The Company, in its discretion, shall have the right to terminate the Executive’s employment because of the Executive’s Disability during the Employment Period, subject to applicable law.

• Notwithstanding the foregoing, the Employment Period shall terminate on the applicable date set forth in Section 6 and shall not include any Severance Period (as hereinafter defined).

• During the Employment Period, Executive shall receive from the Company an annual base salary (“Annual Base Salary”) at the rate of $425,000, with such salary to be adjusted at such times, if any, and in such amounts as recommended by the Chief Executive Officer and approved by the Compensation Committee of the Board (the “Compensation Committee”).

• In addition to the Annual Base Salary, Executive is eligible to receive an annual cash bonus each fiscal year during the Employment Period as determined in accordance with the Company’s annual incentive plan as in effect from time to time and as approved by the Compensation Committee (the “Annual Bonus”).

• In all events, during the Employment Period, the Executive shall be entitled to reasonable and documented air travel and lodging, cellular phone charges and reimbursement for reasonable automobile expenses in connection with approved business travel on an after-tax basis.

More Definitions of Employment Period

Employment Period means the period of Employee’s employment with the Company governed by the terms and provisions of this Agreement.

Employment Period is the term of the Executive’s employment under this Agreement.

Employment Period the term of the Executive's employment under this Agreement.

Employment Period is defined in Section 2 above.

Employment Period shall have the meaning set forth in Section 3(a).

Employment Period means the period commencing on the date hereof and ending on the third anniversary of the date hereof; provided, however, that commencing on the date one year after the date hereof, and on each annual anniversary of such date (such date and each annual anniversary thereof shall be hereinafter referred to as the "Renewal Date"), unless previously terminated, the Employment Period shall be automatically extended so as to terminate three years after such Renewal Date, unless at least 60 days prior to the Renewal Date the Company shall give notice to the Executive that the Contract Period shall not be so extended.

Employment Period shall have the meaning set forth in Section 2.2.