Transition Duties. During the Transition Period (as defined below) Executive shall report directly to the Chairman of the Company’s Board of Directors (and the Company’s Chief Financial Officer, if and when the Company appoints a new Chief Financial Officer) (collectively, the “Direct Reports”), and will perform the duties set forth hereto on EXHIBIT B (collectively, the “Designated Duties”), and/or such other duties as may be assigned to Executive by the Direct Reports from time to time following the Effective Date.
Transition Duties. After the Resignation Date and continuing to March 4, 2016 (the “Transition Period”), Xxxxxxxx shall continue as an at-will employee of the Company to perform the transition duties outlined herein (the “Transition Duties”). In recognition of Xxxxxxxx’x stated desire to pursue outside interests, it is anticipated that the Transition Duties will not require Xxxxxxxx’x full time attention, and the Company understands and accepts that Xxxxxxxx may work remotely as necessary during the Transition Period. Xxxxxxxx shall work at the direction of the Company’s Chairman of the Board and/or successor President and CEO towards achieving a smooth transition of authority and operations to the interim President and CEO and/or successor President and CEO, providing assistance and input concerning ongoing work-related matters in order to effectively transition matters to other staff, and performing other duties as reasonably directed by the Chairman of the Board and/or successor President and CEO. Xxxxxxxx acknowledges and agrees that his employment with the Company will terminate at the conclusion of the Transition Period, and that the Company may shorten the Transition Period in its sole discretion upon notice to Xxxxxxxx.
Transition Duties. After the Resignation Date and continuing to April 8, 2016 (the “Transition Period”), Xxxxxx shall continue as an at-will employee of the Company to perform the transition duties outlined herein (the “Transition Duties”). In recognition of Xxxxxx’x stated desire to pursue outside interests, it is anticipated that the Transition Duties will not require Xxxxxx’x full time attention, and the Company understands and accepts that Xxxxxx may work remotely as necessary during the Transition Period. Xxxxxx shall work at the direction of the Company’s President and CEO towards achieving a smooth transition of authority and operations to the Company’s employees designated by the Company’s President and CEO, providing assistance and input concerning ongoing work-related matters in order to effectively transition matters to other staff, and performing other duties as reasonably directed by the President and CEO. Xxxxxx acknowledges and agrees that her employment with the Company will terminate at the conclusion of the Transition Period, and that the Company may shorten the Transition Period in its sole discretion upon notice to Xxxxxx.
Transition Duties. During the Transition Period, you will remain employed with the Company in your current position with all of your customary job duties, and shall provide such other services within your areas of expertise that may be reasonably requested by the Company from time to time, including (without limitation) assisting in the completion of any pending projects or business activities for which you were responsible and/or assisting in transitioning any such pending projects or business activities to other personnel (collectively, the “Transition Duties”). You are expected to report to work on a customary work schedule through March 9, 2018. Thereafter and during the remainder of the Transition Period, you will be expected to report to work on an as-needed basis only, approximately 2-3 days per week, for purposes of completing your customary job duties as required in connection with the close of the Company’s Financial Statements to be filed with the SEC for the year ended December 31, 2017 (“2017 Accounts”) and the associated audit of the 2017 Accounts. You may take reasonable vacation time during the Transition Period, including your anticipated vacation from April 9 through April 13, 2018, subject to your continuing work obligations as set forth herein. You agree to perform your Transition Duties in good faith, to the best of your abilities, and to comply with all Company policies and procedures in effect, except as modified herein with respect to your reporting duties from March 9, 2018 through the end of the Transition Period.
Transition Duties. Upon termination of Employment in accordance with this Section 4, the Employee agrees to provide reasonable transitional assistance to the Employer. The Employer agrees that a reasonable consulting fee should be paid to the Employee in this regard.
Transition Duties. During the Transition Period, Executive will focus his efforts on ensuring the effective transition of responsibilities and performing other duties on behalf of the Company and its subsidiaries as may from time to time be authorized or directed by Aon’s CEO (collectively, the “Duties and Responsibilities”). During the Transition Period, the Executive will not be required to come into the office or perform the typical duties required of him prior to signing this Agreement.
Transition Duties. After the Resignation Date and continuing to November 30, 2018 (the “Transition Period”), Arezone shall continue as an at-will employee of the Company to perform the transition duties outlined herein (the “Transition Duties”). In recognition of Arezone’s stated desire to pursue outside interests, it is anticipated that the Transition Duties will not require Arezone’s full time attention, and the Company understands and accepts that Arezone may work remotely as necessary during the Transition Period. Arezone shall work at the direction of the Company’s Chief Executive Officer towards achieving a smooth transition of authority and operations to the Company’s employees designated by the Company’s Chief Executive Officer, providing assistance and input concerning ongoing work-related matters in order to effectively transition matters to other staff, and performing other duties as reasonably directed by the Chief Executive Officer. Arezone acknowledges and agrees that his employment with the Company will terminate at the conclusion of the Transition Period, and that the Company may shorten the Transition Period in its sole discretion upon notice to Arezone. The Company acknowledges and agrees that if Arezone is discharged without cause during the Transition Period or the Company exercises its right to shorten the Transition Period for any reason, the consideration set forth in Section 2(a) below shall continue to be paid as severance until November 30, 2018 and the COBRA reimbursement set forth in Section 2(d) shall be extended through May 31, 2019.
Transition Duties. During the Transition Period, Executive shall report to the Company’s Chief Executive Officer (“CEO”) and shall perform the duties, authorities and responsibilities that are designated from time to time by the CEO (the “Transition Services”). Beginning on the Transition Date through December 31, 2023, the Transition Services shall not exceed a total of thirty (30) hours. Beginning January 1, 2024, through the Transition End Date, the Transition Services shall not exceed thirty (30) hours per month. The Transition Salary and Transition Award (as defined below) and other consideration provided in this Agreement shall be the exclusive compensation for the Transition Services.
Transition Duties. Commencing on the Transition Date, and for the duration of the Transition Term, Employee shall assist the Company with the transition of his duties and responsibilities, and shall otherwise assist the Company as specifically directed by the Company's Chief Executive Officer with matters that relate to the performance of Employee's current duties and the transition of Employee's current duties (the "Transition Duties"). The Employee shall not be responsible for the hiring of a new Chief Financial Officer. Until the Company has hired a new Chief Financial Officer, the Employee will continue his current duties. Upon the Company's hiring of a new Chief Financial Officer, Employee's title will change and he will be responsible for transitioning his responsibilities to the new Chief Financial Officer. Employee agrees to provide the Transition Duties in good faith, to the best of his ability and in the best interests of the Company. Employee's failure to act in good faith in performing the Transition Duties shall be considered a material breach of this Agreement.
Transition Duties. Effective as of the Initial Transition Date, Executive relinquishes the office and titles of President and Chief Executive Officer of the Company and any officer and director positions he then holds with the Company’s subsidiaries. Following the Initial Transition Date and until the Final Transition Date, Executive’s duties shall be limited to advisory services to the Company as requested by the Board’s Lead Independent Director or the Board’s non-executive Chairman, which may be provided remotely. During the Transition Period, Executive will have no responsibilities or authority as an employee of the Company other than (i) as provided in this Agreement and (ii) as otherwise agreed in writing between the Company and the Executive.
