Employment by Parent Sample Clauses

Employment by Parent. The Executive's termination of employment with the Company to become an employee of a corporation which owns 100% of the Company shall not be considered a termination of employment for purposes of this Agreement. The subsequent termination of Executive's employment from such corporation shall be considered a termination of employment for purposes of this Agreement." PUBLIC SERVICE COMPANY OF COLORADO /s/ X. X. Xxxx By:__________________________________ EXECUTIVE /s/ Xxxxx X. Xxxxxxxx By:__________________________________ Xxxxx X. Xxxxxxxx
Sample 1
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Employment by Parent. Seller shall use its best efforts to assist Parent in employing those employees of Seller identified on Schedule L, and Parent agrees to offer employment to such employees (upon terms and conditions substantially similar to that offered to similarly situated employees of Parent) upon their termination with Seller at the Closing Date. Seller and Parent shall cooperate with respect to the transition of employees in order to minimize any severance obligation of Seller which would otherwise be due and payable in connection with a termination of employment. Seller shall be responsible for, and indemnify Buyer and Parent against, any severance liability or similar obligation to such employees arising out of the severance provisions contained in such employees' present employment arrangements with Seller.
Sample 1
Employment by Parent. For purposes of this Agreement, to the extent that Employee’s employment is transferred or assigned by the Company, including, without limitation, to the Company’s parent, such transfer or assignment shall not by itself be deemed to be a termination of employment or give rise to Good Reason under Section 4(a) of this Agreement.
Sample 1
Employment by Parent. Effective at, and subject to the occurrence of, the Effective Time, Parent will employ the Executive as Chairman of its Board of Directors (the “Board”), and the Executive hereby accepts such employment. During the Employment Period (as defined in Section 3), the Executive shall directly and exclusively report to, and perform such duties and services for Parent (including supervising Parent’s investment in its subsidiaries and affiliates (such subsidiaries and affiliates, collectively “Affiliates”)) that are appropriate and commensurate with his position as Chairman of the Board, as may be designated from time to time by the Board. During the Employment Period, the Executive shall devote substantially all of his business time and attention to his employment under this Agreement; provided, however, that, subject to the provisions of Sections 6.1 and 6.3 and to the prior written approval of the Board (provided that such approval shall not be unreasonably withheld), the Executive may (i) continue his association with the organizations listed on Schedule 1, (ii) serve as a non-executive director on the board of directors of one or more companies (other than Parent and its Affiliates) during the Employment Period, (iii) teach or lecture at educational institutions and (iv) manage his personal investments; provided, further, in each case, that such activities do not materially conflict or materially interfere with the performance of the Executive’s duties hereunder. The Executive acknowledges that he shall be required to travel on business in connection with the performance of his duties hereunder.
Sample 1
Employment by Parent. Parent hereby employs Executive as Senior Vice President, Quest Diagnostics, and Executive hereby accepts such employment with Parent as of the Effective Date. Executive shall initially report to, and perform such duties and services for Parent and its subsidiaries and affiliates (such subsidiaries and affiliates, collectively, “Affiliates”) as may be designated from time to time by the Chief Executive Officer, or such other person designated by Parent. During her employment, Executive shall use her best and most diligent efforts to faithfully promote the interests of Parent and its Affiliates, and shall devote all of her business time and attention to her employment under this Agreement. During her employment, Executive shall be subject to all policies, practices and procedures of Parent as in effect from time to time. Executive acknowledges that she shall be required to travel on business in connection with the performance of her duties hereunder.
Sample 1
Employment by Parent 
Sample 1

Related to Employment by Parent

  • Employment by Subsidiary For purposes of this Agreement, the Executive’s employment with the Company shall not be deemed to have terminated solely as a result of the Executive continuing to be employed by a wholly-owned subsidiary of the Company.

  • Termination of Employment by Executive The Executive may terminate his employment at any time. In such event, the Company shall continue to pay to the Executive in the ordinary and normal course of its business his Salary and earned Warrants and Shares (subject to applicable payroll and/or other taxes required by law to be withheld) through the Termination Date set forth in the Termination Notice.

  • Employment by the Company 1.1 Executive is currently employed as an executive of the Company.

  • AMENDMENT BY EMPLOYER The Employer has the right at any time and from time to time:

  • Termination of Employment by Employee The Employee may terminate his employment at any time. However, he shall be deemed to have terminated his employment for "Good Reason" only if he terminates his employment by giving Notice of Termination pursuant to Paragraphs 6(d) and 6(e)(iii) within ninety (90) days after the occurrence of any of the following events (provided the Company does not cure such event within ten (10) days following its receipt of the Employee's Notice of Termination):

  • Assignment by Executive This Agreement shall inure to the benefit of and be enforceable by the Executive's executor and/or administrators, heirs, devisees, and legatees. If the Executive should die while any amount would be payable to Executive hereunder had the Executive continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the Executive's estate. Executive's rights hereunder shall not otherwise be assignable.

  • Assignment by Employee Employee's rights and obligations under this Employment Agreement are personal, and they shall not be assigned or transferred without the Company's prior written consent.

  • Termination of Employment by the Executive During the Term, the Executive may terminate employment with the Company with or without Good Reason (as defined below) by delivering to the Company, not less than thirty (30) days prior to the Termination Date, a written notice of termination; provided, that, if such termination of employment is by the Executive with Good Reason, such notice shall state in reasonable detail the facts and circumstances that constitute Good Reason. This provision does not change the at-will nature of Executive's employment, and the Company may end Executive's employment, pursuant to Executive's notice, prior to the expiration of the thirty (30) days' notice.

  • Acceptance of Employment by the Executive The Executive hereby accepts such employment and shall render the services and perform the duties described above.

  • Termination of Employment by the Company During the Term, the Company may terminate the Executive's employment at any time with or without Cause (as defined below) pursuant to the Notice of Termination provision below.

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