Example ContractsClausesEmployment Term
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Greenblatt’s employment hereunder shall commence as of August 1, 2023 and shall end at the close of business on July 31, 2026, subject to earlier termination as provided in this Agreement in the event of Greenblatt’s retirement or permanent disability (the “Term of Employment”). Leave of absence for any period of time authorized by the Board of Directors of the Company shall not be deemed an interruption, cessation or termination of the terms of Greenblatt’s employment.

Lyke’s employment hereunder shall commence as of and shall end at the close of business on , subject to earlier termination as provided in this Agreement in the event of Lyke’s retirement or permanent disability (the “Term of Employment”). Leave of absence for any period of time authorized by the Board of Directors of the Company shall not be deemed an interruption, cessation or termination of the terms of Lyke’s employment.

Silva’s employment hereunder shall commence as of August 1, 2023 and shall end at the close of business on July 31, 2026, subject to earlier termination as provided in this Agreement in the event of Silva’s retirement or permanent disability (the “Term of Employment”). Leave of absence for any period of time authorized by the Board of Directors of the Company shall not be deemed an interruption, cessation or termination of the terms of Silva’s employment.

Term of Employment. Subject to the terms and conditions of this Agreement, the initial term of employment hereunder shall be for the two (2)-year period commencing on the Effective Date and ending on the day preceding the two (2)-year anniversary of the Effective Date. As of each one (1)-year anniversary of the Effective Date, the term of employment hereunder shall be extended for another one (1) year, automatically, unless either party delivers notice to the contrary to the other party at least sixty (60) days prior to such one (1)-year anniversary, in which case the term of employment hereunder shall expire as of the date to which it was last extended pursuant to this sentence. Such notice shall be delivered in a manner consistent with the requirements of Section 12. References in this Agreement to the “Term” shall refer both to such initial term and any successive terms.

Term of Employment. The term of Executive’s employment by the Company pursuant to this Agreement shall commence on (the “Effective Date”) and shall terminate in accordance with [Section 4] hereof (such term, the “Term”).

Term of Employment. Subject to the rights of termination by you and the Company set forth in this Letter Agreement, your employment will be extended on the Commencement Date and continue for a period of # years thereafter (the “Term”), subject to renewal for an additional one-year period (the “Renewal Term”) upon approval by the Board, unless your employment has been terminated prior thereto by either you or the Company. If you desire to extend your employment for the Renewal Term, you will submit a written request for such renewal to the Board no sooner than twelve (12) months and no later than two (2) months prior to the expiration of the Term. Within thirty (30) days of receipt of such written request, the Board (in consultation with the Company’s Compensation Committee) will advise you whether such renewal has been approved.

Term of Employment. Employment of CEO under this Agreement starts on the Effective Date and continues until the Expiration Date or the Termination Date, whichever is earlier. This Agreement continues until the payments under this Agreement have been made and the obligations have been discharged or fulfilled. CEO's employment will be annualized by fiscal year in which the CEO is employed (Current Period: year ; year ; year ; year ; and year ). For clarity: CEO's employment terminates on the Expiration Date or the Termination Date, whichever is earlier; the compensation provisions under [Section 3(a)] through [Section 3(f)] terminate when the compensation has been paid; [Section 5] continues until the payments under that section have been made which include payments under [Section 5(d)] continuing for 12 months after termination of CEO's employment with USPB for USPB Noncompetition Payments; [Section 6(a)] [Noncompetition Agreement] continues until 12 months after termination of CEO's employment with USPB; [Sections 6(b)] [Confidential Information] through [Section 6(e)] [Covenants], [Section 7] [Indemnification] and [Section 8] [Other Provisions] survive the Expiration Date or Termination Date.

During Employment Term. Employee agrees that during the Employment Term, he will devote such business time, attention and energies reasonably necessary [[Organization A:Organization]] diligent and faithful performance of the services [[Organization A:Organization]] and its respective affiliates, and he will not engage in any way whatsoever, directly or indirectly, in any business that is a competitor with the Company's or its respective affiliates' principal business, that is a reasonably anticipated extension of their principal business, or that is engaged in the research or development of a product that will compete with the Company’s or its respective affiliates’ principal business, nor solicit customers, suppliers or employees of the Company or its respective affiliates on behalf of, or in any other manner work for or assist any business which is a direct competitor with the Company's or its respective affiliates' principal business. In addition, during the Employment Term, Employee will undertake no planning for or organization of any business activity competitive with the work he performs as an employee of the Company, and Employee will not combine or conspire with any other employee of the Company or any other person for the purpose of organizing such competitive business activity.

Term of Employment. The term of the Employee’s employment by the Company under this Agreement shall be for a period of four (4) years, commencing on the date hereof and ending on the fourth anniversary of the date hereof, unless earlier terminated by either the Employee or the Company pursuant to [Section 5].

Term of Employment. Executive's employment with shall begin on , and shall continue for a period of three (3) years, after which time continued employment shall be on an "at will" basis, unless:

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