Transitional Employment Period Sample Clauses

Transitional Employment Period. In exchange for Employee’s execution and non-revocation of this Agreement, and Employee’s compliance with its terms and conditions, the Company and Employee agree to the following:
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Transitional Employment Period. In exchange for Executive’s execution of this Agreement and compliance with its terms and conditions, Company agrees:
Sample 1
Transitional Employment Period. From the Transition Date through the Separation Date (the “Transitional Employment Period”), Executive shall remain employed by the Company in a non-executive capacity as Advisor to the Board of Directors of the Company (the “Board”), and Executive shall provide transition services on an as-needed basis in Executive’s areas of expertise and work experience and responsibility, as may be requested by the Board or its Chair.
Sample 1
Transitional Employment Period. The parties acknowledge that there will be a transitional period commencing on the date hereof and ending on January 1, 2009 (the “Transitional Period”), whereby the existing employees of the Company and its Subsidiaries will be retained by the Company and such subsidiaries. During the Transitional Period, the Employees may work on the activities of the Company and its Subsidiaries (including providing the Services), as well as, such other matters (and for such other entities) as the Provider may direct from time to time. During the Transitional Period, Provider will be responsible for, and will advance to the Company before such amounts are due to (or for the benefit of) the Employees, the actual cost of all Employee salaries, benefits (inclusive of all benefit plans maintained and continued by the Company) and expenses. Except to the extent the same is covered by any applicable insurance policy maintained by the Company, the Provider shall be responsible for, and shall hold the Company and its Subsidiaries harmless for, any employment related Claims that may arise relating to the Transitional Period, without regard to the limitations set forth in Article IX hereof.
Sample 1

Related to Transitional Employment Period

  • Employment Period; Remaining Unexpired Employment Period (a) The terms and conditions of this Agreement shall be and remain in effect during the period of employment established under this Section 2 (“Employment Period”). The Employment Period shall be for an initial term of three (3) years beginning on the date of this Agreement and ending on the third anniversary date of this Agreement, plus such extensions, if any, as are provided pursuant to Section 2(b).

  • 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:

  • 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.

  • Employment Period Compensation In consideration of the other provisions of this Agreement, and the Executive’s agreement to execute a Release Agreement, substantially in the form attached hereto as Exhibit B, in the event of his termination under relevant circumstances pursuant to which he would be paid severance benefits, ESC shall provide the Executive with the following payments and benefits, both those set forth in this section and elsewhere in this Agreement:

  • Employment Termination Date The Employment Termination Date shall be as follows: (i) if the Executive’s employment is terminated by Executive’s death, the date of Executive’s death; (ii) if the Executive’s employment is terminated pursuant to any other provision of this Agreement, the date specified in the Notice of Termination (the “Employment Termination Date”).

  • 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").

  • Severance Period For purposes of this Agreement, “Severance Period” means the period of time commencing immediately after Executive’s separation of service from the Company through the date that is six (6) months following such separation date, plus an additional two (2) months for every fully completed Year of Service; provided, however, that in all cases the Severance Period will end no later than on the twelve (12)-month anniversary of the date of Executive’s termination of employment.

  • At-Will Employment; Termination The Company and Executive acknowledge that Executive’s employment is and shall continue to be at-will, as defined under applicable law, and that Executive’s employment with the Company may be terminated by either party at any time for any or no reason, with or without notice. If Executive’s employment terminates for any reason, Executive shall not be entitled to any payments, benefits, damages, awards or compensation other than as provided in this Agreement. Executive’s employment under this Agreement shall be terminated immediately on the death of Executive.

  • Transition Period Upon termination of this Agreement, and for 90 consecutive calendar days thereafter (the “TRANSITION PERIOD”), Executive agrees to make himself available to assist the Company with transition projects assigned to him by the Board. Executive will be paid at a reasonable, agreed upon hourly rate for any work performed for the Company during the Transition Period.

  • Term of Employment; Termination (a) The “

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