Employment Commitment Sample Clauses

Employment Commitment. As partial consideration for the benefits --------------------- available to Executive under this Agreement, Executive hereby agrees to remain as an officer and employee of Sensormatic during any Attempted Change in Control and for a period of six months immediately after a Change in Control first occurs (the "Commitment Period"), and during the Commitment Period to devote substantially all his business time and efforts to the business and affairs of Sensormatic, provided that Executive shall be entitled to terminate his employment by Sensormatic during an Attempted Change in Control or at any time following a Change in Control in circumstances which constitute an involuntary termination pursuant to Section 10 hereof. Executive's participation in other businesses, as a director or otherwise, with the approval of Sensormatic's Board of Directors (which approval shall be deemed to include the Board of Directors not objecting to such participation following disclosure thereof to the Board of Directors by Executive, and which approval may not be withdrawn following such Change in Control) shall not be deemed to contravene the foregoing provision. In the event that Executive voluntarily terminates his employment with Sensormatic (other than by resignation contemplated in Section 10 hereof) at any time during the Commitment Period, Executive shall not be entitled to any of the benefits provided for in this Agreement, other than those provided under Sections 6(a)(i), 6(a)(ii), 6(a)(iii), 6(a)(iv), 6(b)(ii), 12, 13 and 15 hereof, and shall promptly repay to Sensormatic, on an after-tax basis, any benefits previously received by him pursuant to any provisions of Sections 6 or 7 of this Agreement not referred to in this sentence, but Sensormatic shall have no other remedy for Executive's failure to remain an employee and officer as required by this Section 4. Any amounts or benefits received by Executive pursuant to the Officer Agreement or any other written employment agreement between Sensormatic and Executive or any other compensation plan or arrangement of Sensormatic, even if similar or identical to those to which he would be entitled under this Agreement, shall not be deemed received pursuant to this Agreement or be repayable to Sensormatic for purposes of the preceding sentence.
AutoNDA by SimpleDocs
Employment Commitment. Executive shall devote such time, attention, knowledge, and skills to the business and interests of the Company as Company may reasonably require, and the Company shall be entitled to all of the benefits and profits arising from or incident to the work, services, advice, inventions, or innovations of Executive in connection with the Company’s business.
Employment Commitment. The Company and the Executive hereby agree to be bound by the terms of this Agreement commencing on (the “Binding Date”) the later of (a) the date this Agreement is approved by the bankruptcy court in the jointly-administered Chapter 11 case currently pending in the District of Delaware and docketed as Case No. 01-10578 (the “Bankruptcy Case”), and (b) the date on which any legal restrictions on the Executive’s commencement of employment hereunder arising from his prior employment have been waived or satisfied, provided, however, that, within the 60-day period following the date this Agreement is approved by the bankruptcy court, the Company may terminate this Agreement without any further obligations to the Executive if the Executive is not able to commence employment with an Affiliate or the Company within such 60-day period. During the period of time between the Binding Date and the Effective Date (the “Interim Period”), the Company and the Executive agree to the following provisions:
Employment Commitment. 13. Service Provider commits that for a period of [***]* following each Transitioned Employee’s Start Date (the “Commitment Period”) it will: (i) maintain and follow the applicable terms of employment for Transitioned Employees as described in Sections 1 and 3 and Appendix B; and (ii) maintain the general nature and level of responsibility of each Transitioned Employee’s position.
Employment Commitment. Company acknowledges and agrees that the primary purpose of City in entering into this Agreement is the creation of jobs. Therefore, Company represents, covenants, and agrees that it will continuously conduct its business operations and employ Full -Time Employees based at the Facilities as follows. On and after the Employment Commitment Date and continuing for as long as the leases are in affect. Company shall make commercially reasonable efforts in good faith to employ as many Full -Time Employees as reasonably justified by its business operations, with the goal of employing One Hundred Ninety- Five (195) Full -Time Employees at the Facilities (the “Employment Commitment”). Company’s sole liability for failure to meet the Employment Commitment shall be with respect to rent abatement as set forth in the respective Lease Agreements between Company and PDF for the Facilities.
Employment Commitment. (a) An employee who accepts educational assistance is expected to commit to continued employment for at least six (6) months after completion of the course(s). If the employee fails to complete the course within this timeframe, they may be required to provide full reimbursement of all educational assistance received within thirty (30) days.
Employment Commitment. A UT who is granted sabbatical leave is expected to return to service as a UT. As a condition of being granted sabbatical leave, will be required to sign a written commitment, the Return to Service Agreement for Sabbatical Leave, to return to the department for a period of employment equal to their period of sabbatical leave. A UT who does not honour this commitment will be required to repay the monies paid to him or her during the sabbatical leave or a portion thereof based on the number of months worked by the UT after returning from sabbatical leave. Allowance in Lieu of Salary at the UT-2 or UT-3 level, who are granted a first sabbatical leave within ten (10) years of joining the College, will be on leave without pay and may be granted an allowance in lieu of salary equal to of their annual rate of pay in effect at the commencement of the leave, except as provided for in (e) of this clause. Other will be on leave without pay and may be granted an allowance in lieu of salary equal to of their annual rate of pay in effect at the commencement of the leave, except as provided for in (e) of this clause. A allowance in lieu of salary will be automatically adjusted, as applicable, to reflect any economic revision to the University Teaching Group. Pay increments and promotion increases based on performance prior to the commencement of the sabbatical leave will be implemented on the normal increment date, and the allowance will be adjusted accordingly.
AutoNDA by SimpleDocs
Employment Commitment. (a) A UT who is granted sabbatical leave is expected to return to service as a UT. As a condition of being granted sabbatical leave, will be required to sign a written commitment, the Return to Service Agreement for Sabbatical Leave, to return to the department for a period of employment equal to their period of sabbatical leave. A UT who does not honour this commitment will be required to repay the monies paid to him or her during the sabbatical leave or a portion thereof based on the number of months worked by the UT returning from sabbatical leave. Allowance in Lieu of Salary
Employment Commitment. The Company and the Executive hereby agree that during the Extended Term: the Company and the Executive shall be bound by the terms of this Second Amended and Restated Employment Agreement.
Employment Commitment. The District incurs a substantial cost to ensure that career personnel receive training and certification at or above State and National training standard minimums for firefighters, for Firematic and EMS training. The Union, as an effort of good faith, supports an employment commitment to the District. This article shall specify the obligations and criteria required for career employees.
Time is Money Join Law Insider Premium to draft better contracts faster.