Employment Transition. Employees potentially affected by an anticipated employment transition shall be retained in preference to the continuation of a contractor provided the employee is capable of performing the necessary work.
Employment Transition. Except as hereinafter otherwise provided, the Executive will remain employed as Chief Executive Officer through February 4, 2008. The Executive agrees not to stand for reelection to the Company’s Board of Directors (“Board”) at the May 2008 Annual Meeting of Shareholders. The Executive agrees to resign from his positions as officer and/or director of all Company subsidiaries and affiliates, and all fiduciary positions that he may hold with respect to any Company, subsidiary, or affiliate employee benefit plans, effective as of February 4, 2008.
Employment Transition. Seller shall provide the services of the New Buyer Employees to Buyer until no later than April 30, 2002 pursuant to the terms of the Transition Consulting Reimbursement Agreement dated as of even date herewith, during which period (the “Employment Transition Period”) such employees (except to the extent their employment ends, collectively or individually, for the reasons set forth in Section 2.1 of the Transition Consulting Reimbursement Agreement) shall remain employees of Seller, shall remain on the payroll of Seller and shall continue to participate in Seller benefit plans. Buyer shall reimburse Seller for the employment expenses of the New Buyer Employees during the Employment Transition Period pursuant to the terms of the Transition Consulting Reimbursement Agreement. Effective no later than May 1, 2002, the arrangement shall terminate and those New Buyer Employees who have been offered employment with Buyer and have accepted such offer shall be employed by Buyer. * Confidential information. Information has been redacted.
Employment Transition. 14.1 The June 24, 2016 Memorandum of Agreement between the Union and the City of New York and the New York City Department of Education is made part of this Agreement. Any dispute between the Union and the Employer regarding that agreement other than the dispute referenced in paragraph 8 of that agreement will be subject to the grievance and arbitration provision of this Agreement.
Employment Transition a. The Company will enter into an Agreement (the “Agreement”) with the Ministry of Training, Colleges and Universities to establish an Adjustment Committee (the “Committee”) under the Ministry’s Adjustment Advisory Program, and contribute $70,000 in cash to the Program provided the Ministry commits to contribute.
Employment Transition. If the CEO’s employment is not extended by the Board of Directors or the CEO's employment is otherwise terminated for a reason other than common law cause, the CEO shall be entitled to reimbursement to a maximum of $6,000.00 for career based outplacement or re-training based on receipts provided proving these disbursements were incurred by the CEO.
Employment Transition a. The Company will enter into an Agreement (the “Agreement”) with the Ministry of Training, Colleges and Universities to establish an Adjustment Committee (the “Committee”) under the Ministry’s Adjustment Advisory Program, and contribute in cash to the Program provided the Ministry commits to contribute. The Committee will be composed of union members and up to management members. The parties will meet to discuss potential candidates for membership on the Committee with a view to ensuring the Committee has members who are committed to the tasks and roles set out in paragraph below. The Company and the Union, and all of the members of the Adjustment Committee, understand and agree that they have a collective obligation to act in the best interests of the employees within the framework set out in Schedule “A” to the Agreement with the Ministry. The Committee members will strive to fulfill the roles and responsibilities set out in Schedule “A” (Project Description, Project Deliverables, Role and Operation of the Committee, and Reporting) and to achieve the best outcome possible for the employees as they transition following termination. The Company will provide employees with time off work without pay for the purposes of attending a job interview, subject to operational requirements and provided the employee provides immediate supervisor with supporting documentation and a minimum of one (1) weeks notice of the interview.
Employment Transition. Executive will resign as Chief Strategy Officer of Onvia effective December 31, 2010 (“Separation Date”). Executive has agreed to provide executive transition services until the Separation Date.
Employment Transition. Executive will retire as Chief Executive Officer and President of the Company effective on the earlier of (a) the date that a new Chief Executive Officer and President takes office; or (b) such other date as determined by the lead director of the Board of Directors of Jamba, Inc. (the “Board”) and communicated in writing to Executive at least thirty (30) days prior to such date selected by the Board (the earlier of (a) or (b), the “Separation Date”). Executive’s termination of employment on the Separation Date shall constitute a separation from service for purposes of Code Section 409A (as defined in Section 12 hereof), and the Company shall take all reporting positions consistent therewith. Until the Separation Date, Executive’s employment will continue to be governed by this Agreement and his Executive Employment Agreement. Executive agrees to resign from the Company and any corporate office or official position of any kind that he holds with the Company or any affiliate of the Company, including the role of Chairman of the Board of Directors, Board member and member of any Committee of the Board, in each case effective upon the Separation Date. To the extent Executive wishes to retire and/or discontinue his employment with the Company prior to the Separation Date contemplated above, Executive shall provide thirty (30) days written notice to the Board of Directors of Jamba, Inc. of the same and such date as so noticed shall instead be the Separation Date.
Employment Transition. (a) The Companies and the Executive acknowledge that as of the date that Holding’s Board of Directors elects a new Chief Financial Officer (the “Transition Date”), Executive’s responsibilities as Senior Vice President and Chief Financial Officer of the Companies shall end and, until the date ninety days after the Transition Date or such shorter or longer period of time as the Executive and the President and Chief Executive Officer of the Companies shall mutually agree (the “Termination Date”), Executive shall assume the employment duties as an advisor to the Companies. During the employment period between the Transition Date and the Termination Date, Executive shall make her services as a full-time employee available to authorized representatives of the Companies as specifically requested by the President and Chief Executive Officer of the Companies or his designee. Notwithstanding the foregoing sentences, in no event shall the Termination Date under this Agreement be later than June 30, 2007. From January 1, 2006 through the Termination Date, Executive shall be paid at the annual base salary rate of $292,000.00, subject to upward adjustment as of January 1, 2007 to reflect the Company’s guideline increase applicable to base salaries of executive officers, and be provided with those employee benefits for which she is eligible as of the Date of this Agreement, provided that Executive shall not be eligible to receive annual incentive compensation awards and equity based incentives except as specifically provided herein.
