Common use of Termination of the Employment Period Clause in Contracts

Termination of the Employment Period. The employment period shall continue until the earlier of: (i) the third anniversary of the Commencement Date (the “Expected Completion Date”), (ii) the Employee’s death or Disability, (iii) the Employee resigns or (iv) the Board or its delegate determines that termination of the Employee’s employment is in the best interests of the Company (the “Employment Period”). The last day of the Employment Period shall be referred to herein as the “Termination Date.”

Appears in 7 contracts

Samples: Employment Agreement (Galaxy Dream Corp), Employment Agreement (Galaxy Dream Corp), Employment Agreement (Galaxy Dream Corp)

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Termination of the Employment Period. The employment period Employment Period shall continue until the earlier of: (i) the third anniversary of the Commencement Date date hereof unless the parties mutually agree to extend the term of this Agreement (such anniversary of the date hereof or such extended date being referred to herein as the "Expected Completion Date"), (ii) the Employee’s 's death or Disability, (iii) the Employee resigns or (iv) the Board or its delegate of Directors determines that termination of the Employee’s 's employment is in the best interests of the Company (the “Employment Period”). The last day of the Employment Period shall be referred to herein as the “Termination DateCompany.

Appears in 7 contracts

Samples: Employment Agreement (Racing Champions Corp), Employment Agreement (Racing Champions Corp), Employment Agreement (Racing Champions Corp)

Termination of the Employment Period. The employment period Employment Period shall continue until the earlier of: (i) the third second anniversary of the Commencement Date date hereof unless the parties mutually agree to extend the term of this Agreement (such anniversary of the date hereof or such extended date being referred to herein as the "Expected Completion Date"), (ii) the Employee’s 's death or Disability, (iii) the Employee resigns or (iv) the Board or its delegate of Directors determines that termination of the Employee’s 's employment is in the best interests of the Company (the “Employment Period”). The last day of the Employment Period shall be referred to herein as the “Termination DateCompany.

Appears in 7 contracts

Samples: Employment Agreement (Racing Champions Corp), Employment Agreement (Racing Champions Corp), Employment Agreement (Racing Champions Corp)

Termination of the Employment Period. The employment period Employment Period shall continue until the earlier of: (i) December 31, 2002 (referred to herein as the third anniversary of the Commencement Date (the “"Expected Completion Date"), (ii) the Employee’s 's death or Disability, (iii) the Employee resigns or (iv) the Board or its delegate of Directors determines that termination of the Employee’s 's employment is in the best interests of the Company (the “Employment Period”). The last day of the Employment Period shall be referred to herein as the “Termination DateCompany.

Appears in 3 contracts

Samples: Employment Agreement (Racing Champions Corp), Employment Agreement (Racing Champions Corp), Employment Agreement (Racing Champions Corp)

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Termination of the Employment Period. The employment period Employment ---------------------------------------- Period shall continue until April 30, 2002, unless the earlier of: parties mutually agree to extend the term of this Agreement (i) such date hereof or such extended date being referred to herein as the third anniversary of the Commencement Date (the “"Expected Completion Date"), (ii) the Employee’s 's death or Disability, (iii) the Employee resigns or (iv) the Board or its delegate of Directors determines that termination of the Employee’s 's employment is in the best interests of the Company (the “Employment Period”). The last day of the Employment Period shall be referred to herein as the “Termination DateCompany.

Appears in 2 contracts

Samples: Employment Agreement (Racing Champions Corp), Employment Agreement (Racing Champions Corp)

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