Last Year of Employment Sample Clauses

Last Year of Employment. If, during the principal’s/assistant principal’s last year of employment with the District, the District wishes to have the principal/assistant principal work to the end of the Agreement year rather than have him/her take vacation days, the District shall pay the principal/assistant principal at the end of that year at his/her daily rate of pay (daily rate = basic salary plus longevity, education credit and performance pay/260 days) for the number of unused vacation days to a maximum of twenty-five (25) days (200 hours)
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Last Year of Employment. No Annual Bonus will be paid to Employee for the Bonus Year during which Employee's employment with the Company terminates if the termination occurs as a result of (a) Employee's resignation or (b) termination by the Company for cause. If Employee's employment with the Company terminates due to Employee's death or disability or due to termination by the Company other than for cause, then a proportionate amount of the Annual Bonus for that year will be paid to Employee or, in the event of Employee's death, to Employee's designated beneficiary or estate. The proportionate amount will be a percentage of the Annual Bonus payable for such year which will be equal to the percentage of the year during which Employee was employed by the Company.
Sample 1

Related to Last Year of Employment

  • Period of Employment The “Period of Employment” shall be a period of three (3) years commencing on the Effective Date and ending at the close of business on the third anniversary of the Effective Date (the “Termination Date”); provided, however, that this Agreement shall be automatically renewed, and the Period of Employment shall be automatically extended for one (1) additional year on the Termination Date and each anniversary of the Termination Date thereafter, unless either party gives written notice at least sixty (60) days prior to the expiration of the Period of Employment (including any renewal thereof) of such party’s desire to terminate the Period of Employment (such notice to be delivered in accordance with Section 18). The term “Period of Employment” shall include any extension thereof pursuant to the preceding sentence. Provision of notice that the Period of Employment shall not be extended or further extended, as the case may be, shall not constitute a breach of this Agreement and shall not constitute “Good Reason” for purposes of this Agreement. Notwithstanding the foregoing, the Period of Employment is subject to earlier termination as provided below in this Agreement.

  • Term of Employment; Termination Executive's Term of Employment shall be two years from the date of this Agreement, unless extended or earlier terminated as provided below.

  • During Employment During Employee’s employment hereunder, Employee shall not engage, directly or indirectly, as an employee, officer, director, partner, manager, consultant, agent, owner (other than a minority shareholder or other equity interest of not more than 1% of a company whose equity interests are publicly traded on a nationally recognized stock exchange or over-the-counter) or in any other capacity, in any competition with the Company or any of its subsidiaries.

  • Employment Period The Company hereby agrees to continue the Executive in its employ, and the Executive hereby agrees to remain in the employ of the Company subject to the terms and conditions of this Agreement, for the period commencing on the Effective Date and ending on the third anniversary of such date (the "Employment Period").

  • Term of Employment The Executive’s employment under this Agreement will commence on the date hereof and will continue for a period of one (1) year thereafter, subject to earlier termination as provided in Section 8 (the “Term”). This Agreement and the Term will be automatically renewed and extended for periods of one (1) year unless the Company or the Executive provides written notice no less than thirty (30) days prior to the expiration of the then-current Term of its or the Executive’s desire not to renew this Agreement.

  • Termination of Employment Period The employment of the Employee by the Company pursuant to this Agreement shall terminate upon the occurrence of any of the following:

  • Last Day of Employment Last Day of Employment means the date of Participant’s Termination of Employment.

  • Expiration of Employment Period If Executive’s employment shall be terminated due to the normal expiration of the Employment Period, this Agreement shall terminate without further obligations to Executive, other than for payment of Accrued Obligations and the timely payment or provision of Other Benefits.

  • Expiration of Employment Term Unless the parties otherwise agree in writing, continuation of Executive’s employment with the Company following the expiration of the Employment Term shall be deemed an employment at-will and shall not be deemed to extend any of the provisions of this Agreement and Executive’s employment may thereafter be terminated at will by either Executive or the Company; provided that the provisions of Sections 6, 7 and 8 of this Agreement shall survive any termination of this Agreement or Executive’s termination of employment hereunder.

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