JHFS definition
Examples of JHFS in a sentence
Notwithstanding the foregoing, if, prior to the Effective Date, the Executive is demoted to a lower position than the position held on the date first set forth above, the Board (or if applicable, the JHFS Board) may declare that this Agreement shall be without force and effect by written notice delivered to the Executive (i) within 30 days following such demotion and (ii) prior to the occurrence of a Potential Change of Control or a Change of Control.
These remedies are cumulative and are in addition to any other rights and remedies the Company, JHFS and/or the Affiliates may have at law or in equity.
The Executive acknowledges and agrees that the covenants and obligations of the Executive with respect to confidentiality and the return of property relate to special, unique and extraordinary matters and that a violation of any of the terms of such covenants and obligations will cause the Company, JHFS and/or their Affiliates irreparable injury for which adequate remedies are not available at law.
The Executive shall hold in a fiduciary capacity for the benefit of the Company, JHFS and the Affiliates, all secret or confidential information, knowledge or data relating to the Company, JHFS or the Affiliates, and their respective businesses, (i) obtained by the Executive during his/her employment by the Company, JHFS or the Affiliates and (ii) not otherwise public knowledge (other than by reason of an unauthorized act by the Executive).
For purposes of this Agreement, Disability shall mean the Executive has met the conditions to qualify for long-term disability benefits under the long term disability plan or policy the Company or JHFS (or, if applicable, an Affiliate), has in effect immediately prior to the Effective Date.
During the Employment Period, the Executive shall receive a base salary at a monthly rate at least equal to the monthly salary paid to the Executive by the Company, JHFS and any Affiliate immediately prior to the Effective Date.
The effective date of this Agreement shall be the date on which a Change of Control occurs (the "Effective Date"), provided that, except as provided in Section 1(b), if the Executive is not employed by the Company, JHFS or an Affiliate on the Effective Date, this Agreement shall be void and without effect.
Amounts which are vested benefits or which the Executive is otherwise entitled to receive under any plan or program of the Company, JHFS or any of its Affiliates at or subsequent to the Date of Termination shall be payable in accordance with such plan or program.
During the Employment Period, the Executive's position (including titles), authority and responsibilities with the Company, JHFS and each of the Affiliates shall be, both individually and in the aggregate, at least commensurate with those held, exercised and assigned immediately prior to the Effective Date.
If, during the Employment Period, the Executive terminates his/her employment for Good Reason, the Company shall pay to the Executive the same amounts as would be payable to the Executive under Section 7(c) if such termination were a termination by the Company or JHFS without Cause.