Initial Employment Date definition
Examples of Initial Employment Date in a sentence
Effective on the Initial Employment Date, the Company will grant Executive a non-qualified stock option outside of, but on terms and conditions substantially identical to, the terms and conditions of the Bioject Medical Technologies, Inc.
The price per share of stock pursuant to the option will be the closing price of Martek’s common stock as of the common stock’s last trading date prior to the Initial Employment Date.
Initial Employment Date shall mean the date that Employee begins employment with Company.
The term of this Agreement shall be for a period of three years commencing on the date the Executive begins his employment with the Company (the "Initial Employment Date") unless earlier terminated as hereinafter provided.
The Option will vest 1/3 annually on each of the first three anniversaries of the Initial Employment Date and have a term of 10 years.
The term of this Agreement shall be for a period of three (3) years commencing on the Initial Employment Date unless earlier terminated as provided below.
Such Initial Employment Date shall commence on or before March 1, 1998.
For all services rendered under this Agreement, the Company shall pay Executive a Base Salary at an annual rate of $300,000, commencing as of the Initial Employment Date.
This sum shall be payable within thirty days after the Initial Employment Date.
The Term of the Executive's employment shall commence on May 7, 1997, (the "Initial Employment Date") and will end on the first anniversary of such date (such term, including any extensions thereof pursuant to this Section 2, being hereafter referred to as the "Term") unless extended or sooner terminated as herein provided.