SERVICES, POSITION AND TERM Sample Clauses

SERVICES, POSITION AND TERM. (a) The Company will employ the Executive, and the Executive will serve the Company, on the terms and conditions set out herein.
Sample 1Sample 2Sample 3See All (8)
AutoNDA by SimpleDocs
SERVICES, POSITION AND TERM. 1.1 Pine Valley Coal will employ the Executive, and the Executive will serve Pine Valley Coal, on the terms and conditions set out herein. 1.2 The Executive will hold the position of Vice President - Willow Creek, and perform those services normally or usually associated with that position and such other duties as may from time to time reasonably be delegated to the Executive by Pine Valley Coal (collectively, the "Services"). 1.3 The Executive's principal place of employment will be Xxxxxx Xxxxx, Xxxxxxx Xxxxxxxx, Xxxxxx. 1.4 The Executive acknowledges that: (a) the principal business of Pine Valley Coal is to provide mining operations, exploration and development, marketing, and project financing, management and support services to Globaltex; (b) the activities of Pine Valley Coal are subject to oversight by the board of directors of Globaltex, and Pine Valley Coal will obtain the consent of the board of directors of Globaltex before entering into any material agreements; (c) the principal operations of Globaltex are located in British Columbia, Canada and Globaltex may, from time to time, acquire mining assets elsewhere in the world; and (d) consequently, the effective performance of the Services will require that the Executive frequently travel between Canada and Australia, and elsewhere as required by Pine Valley Coal (e) the Executive will perform the majority of his duties at the Willow Creek Project, British Columbia and upon notification by Pine Valley Coal the Executive will be based at Willow Creek. 1.5 The Executive will be employed to perform the Services for a term commencing on March 11, 2003, or such other later time that Pine Valley Coal and the Executive mutually agree, and continuing until the first to occur of: (a) December 4, 2003, if Globaltex has not by then achieved the milestones described in Schedule A to this Agreement (the "Acquisition Milestones"); (b) March 11, 2005; and (c) the termination of the Executive's employment subject to the provisions of this Agreement.(the "Term"). If the Term ends pursuant to Subsection (a) or (b), then Pine Valley Coal will remain obligated to pay to or to the credit of the Executive any Salary, Superannuation and vacation Leave Entitlement obligations that have accrued during the Term in accordance with this Agreement but remain unpaid at the end of the Term. In addition, and only in the event that the Term ends pursuant to Subsection (b), Pine Valley Coal will remain obligated to pay to or to t...
Sample 1
SERVICES, POSITION AND TERM. 1.1 Pine Valley Coal will employ the Executive, and the Executive will serve Pine Valley Coal, on the terms and conditions set out herein.
Sample 1
SERVICES, POSITION AND TERM. 1.1 Pine Valley will employ the Executive, and the Executive will serve Pine Valley, on the terms and conditions set out herein.
Sample 1

Related to SERVICES, POSITION AND TERM

  • Position and Term Upon execution of this Employment Agreement and in accordance with the terms herein, the Company hereby employs Employee to serve as a PRESIDENT, and Employee accepts such position. Employee understands and acknowledges that employment with the Company is for an unspecified duration and constitutes "at-will" employment. Employee also understands that any statement or representation to the contrary is unauthorized and not valid unless obtained in writing and signed by an officer of the Company. Employee acknowledges that employment relationships with the Company may be terminated at any time, with or without good cause or for any or no cause, at the option either of the Company or Employee, with or without notice. Employee further agrees that any employee handbooks or policies shall not be construed to create binding contractual commitments on behalf of Company.

  • Formation and Term The Company was formed as a Delaware limited liability company on September 7, 2012. The term of the Company shall continue until the Company is dissolved and its affairs wound up in accordance with the provisions of this Agreement.

  • Duration and Termination This Agreement shall become effective on July 21, 2015 and shall continue in effect until February 28, 2017, and thereafter, only if such continuance is approved at least annually by a vote of the Board, including the vote of a majority of the directors who are not parties to this Agreement or interested persons of any such party, cast in person, at a meeting called for the purpose of voting such approval. In addition, the question of continuance of this Agreement may be presented to the shareholders of the Portfolio; in such event, such continuance shall be effected only if approved by the affirmative vote of the holders of a majority of the outstanding voting securities of the Portfolio. This Agreement may at any time be terminated without payment of any penalty either by vote of the Board or by vote of the holders of a majority of the outstanding voting securities of the Portfolio, on not more than (60) sixty days’ written notice to the Manager. This Agreement shall automatically terminate in the event of its assignment. This Agreement may be terminated by the Manager after ninety (90) days’ written notice to the Fund. Any notice under this Agreement shall be given in writing, addressed and delivered, or mailed post-paid, to the other party at any office of such party. As used in this Section, the terms “assignment,” “interested persons,” “voting securities,” and a “majority of the outstanding voting securities” shall have the respective meanings set forth in Section 2(a)(4), Section 2(a)(19), Section 2(a)(42) of the 1940 Act and Rule 18f-2 thereunder.

  • Engagement and Term The Company hereby employs Employee and Employee hereby accepts such employment by the Company on the terms and conditions set forth herein, for the period commencing on November 1, 2004 (the “Effective Date”) and ending, unless sooner terminated in accordance with the provisions of Section 4 hereof, on October 31, 2007 (the “Employment Period”). As used in this Agreement, the term “Contract Year” shall refer to each twelve-month period during the Employment Period ending October 31.

  • Term of Agreement and Termination 4.1. Either party may terminate this Agreement, if the other party is in material breach of the Agreement, by giving written notice thereof to the other party, to cure such breach, following which, without curing the breach, this Agreement shall terminate. Such notice shall specify the alleged material breach, shall state the termination date and shall be sent by certified mail, return receipt requested, to the other party at the notice address specified.

  • Term, Duration and Termination This Agreement shall become effective with respect to each Fund as of the date first written above (the "Effective Date") (or, if a particular Fund is not in existence on such date, on the earlier of the date an amendment to Schedule A to this Agreement relating to that Fund is executed or the Distributor begins providing services under this Agreement with respect to such Fund) and, unless sooner terminated as provided herein, shall continue for a two year period following the Effective Date. Thereafter, if not terminated, this Agreement shall continue with respect to a particular Fund automatically for successive one-year terms, provided that such continuance is specifically approved at least annually (a) by the vote of a majority of those members of the Trust's Board of Trustees who are not parties to this Agreement or interested persons of any such party, cast in person at a meeting for the purpose of voting on such approval and (b) by the vote of the Trust's Board of Trustees or the vote of a majority of the outstanding voting securities of such Fund. This Agreement is terminable without penalty with 60 days' prior written notice, by the Trust's Board of Trustees, by vote of a majority of the outstanding voting securities of the Trust, or by the Distributor. This Agreement will also terminate automatically in the event of its assignment. (As used in this Agreement, the terms "majority of the outstanding voting securities," "interested persons" and "

  • Expiration and Termination Options shall expire on the earlier of:

  • Employment and Term The Company hereby agrees to employ the Executive and the Executive hereby agrees to serve the Company on the terms and conditions set forth herein.

  • Duration and Termination of Agreement This Agreement shall become effective with respect to each Portfolio on the later of (i) its execution and (ii) the date of the meeting of the Board of Trustees of the Trust, at which meeting this Agreement is approved as described below. The Agreement will continue in effect for a period more than two years from the date of its execution only so long as such continuance is specifically approved at least annually either by the Trustees of the Trust or by a majority of the outstanding voting securities of each of the Portfolios, provided that in either event such continuance shall also be approved by the vote of a majority of the Trustees of the Trust who are not interested persons (as defined in the Investment Company Act) of any party to this Agreement cast in person at a meeting called for the purpose of voting on such approval. Any required shareholder approval of the Agreement or of any continuance of the Agreement shall be effective with respect to any Portfolio if a majority of the outstanding voting securities of the series (as defined in Rule 18f-2(h) under the Investment Company Act) of shares of that Portfolio votes to approve the Agreement or its continuance, notwithstanding that the Agreement or its continuance may not have been approved by a majority of the outstanding voting securities of (a) any other Portfolio affected by the Agreement or (b) all the portfolios of the Trust. If any required shareholder approval of this Agreement or any continuance of the Agreement is not obtained, the Subadviser will continue to act as investment subadviser with respect to such Portfolio pending the required approval of the Agreement or its continuance or of a new contract with the Subadviser or a different adviser or subadviser or other definitive action; provided, that the compensation received by the Subadviser in respect of such Portfolio during such period is in compliance with Rule 15a-4 under the Investment Company Act. This Agreement may be terminated at any time, without the payment of any penalty, by the Trustees of the Trust, by the vote of a majority of the outstanding voting securities of the Trust, or with respect to any Portfolio by the vote of a majority of the outstanding voting securities of such Portfolio, on sixty days' written notice to the Adviser and the Subadviser, or by the Adviser or Subadviser on sixty days' written notice to the Trust and the other party. This Agreement will automatically terminate, without the payment of any penalty, in the event of its assignment (as defined in the Investment Company Act) or in the event the Advisory Agreement between the Adviser and the Trust terminates for any reason.

  • COMMENCEMENT AND TERMINATION 10.1 This Agreement shall be effective as of the date hereof and shall continue in force until terminated in accordance with the provisions herein.

Time is Money Join Law Insider Premium to draft better contracts faster.