JDI definition
Examples of JDI in a sentence
This Agreement shall not be assignable by JDI without the written consent of Employee; provided, however, that if JDI shall merge or consolidate with or into, transfer substantially all of its assets, including goodwill, to another corporation or other form of business organization, this Agreement shall be binding upon and shall inure to the benefit of the successor corporation in such merger, consolidation or transfer.
If the payment of any amounts are delayed as a result of the previous sentence, on the first day following the end of the six-month period, JDI will pay Employee a lump-sum amount equal to the cumulative amounts that would have otherwise been previously paid to Employee under this Agreement during such six month period.
It is expressly agreed and understood that Employee shall not be eligible to participate in any severance plan, program or policy maintained by JDI.
During the Term and thereafter, Employee will be covered under JDI’s indemnification bylaw provisions and JDI maintained directors and officers liability insurance coverage as in effect (in each case) from time to time.
The Initial Term shall be extended automatically by annual one-year periods commencing on the second anniversary date of the Initial Term (each a “Renewal Term”) unless either JDI or the Employee gives written notice at least sixty (60) days prior to the end of the Initial Term or any Renewal Term of intent not to extend the Agreement.