Common use of New Employment Agreement Clause in Contracts

New Employment Agreement. Effective as of the Effective Date, Employer shall employ Employee, and Employee shall serve, as Employer’s General Counsel, Vice President-Legal Affairs and Corporate Secretary on the terms set forth in Sections 2 through 19 hereof, which shall constitute Employee’s new employment agreement with Employer (the “New Employment Agreement”).

New Employment Agreement. Effective as of the Effective Date, Employer shall employ Employee, and Employee shall serve, as Employer’s General Counsel, Senior Vice President-Legal Affairs and Corporate Secretary Drug Development on the terms set forth in Sections 2 through 19 hereof, which shall constitute Employee’s new employment agreement with Employer (the “New Employment Agreement”).