Employment Term definition
Examples of Employment Term in a sentence
From and after the Employment Term, the Employee shall use all reasonable care to safeguard Confidential Information and to protect it against disclosure, misuse, espionage, loss, and theft.
The Company or the Employee may elect to terminate the automatic extension of the Employment Term by giving written notice of such election not less than sixty (60) days prior to the end of the then current Employment Period (“Non-Renewal”).
All personal property affecting or relating to the Business shall also remain the property of the Company, and the Employee shall return it to the Company immediately upon termination of the Employment Term.
For the duration of the Employment Term and thereafter, the Employee shall immediately disclose all Work Product to the Company and perform all actions reasonably requested by the Company to establish and confirm the ownership and/or proprietary interest of the Company in any Work Product (including the execution of assignments, consents, powers of attorney, applications and other instruments).
During the Employment Term, the Company will pay the Employee an annual salary of Two hundred Eighty Eight Thousand Seven Hundred and Fifty 00/100 Dollars ($288,750.00) (the “Salary”), subject to authorized and required withholdings.