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 2022; year 2023; year 2024; year 2025; and year 2026). 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.
Term of Employment. The term of this Agreement shall commence upon the Effective Date and shall continue for one (1) year (the Initial Term) from such date and shall automatically be extended for additional terms of one (1) year each (each a Renewal Term) unless either party gives prior written notice of non-renewal to the other party no later than six (6) months prior to the expiration of the Initial Term (Non-Renewal Notice), or the then current Renewal Term, as the case may be. For purposes of this Agreement, the Initial Term and any Renewal Term are hereinafter collectively referred to as the Term.
Term of Employment. The term of Executive’s employment by the Company pursuant to this Agreement shall commence on June 13, 2022 (the “Effective Date”) and shall terminate in accordance with [Section 4] hereof (such term, the “Term”).
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.
After Employment Term. The parties acknowledge that Employee will acquire substantial knowledge and information concerning the business of the Company and its respective affiliates as a result of his employment. The parties further acknowledge that the scope of business in which the Company and its respective affiliates are engaged as of the Effective Date is international and very competitive and one in which few companies can successfully compete. Competition by Employee in that business after the Employment Term would severely injure the Company and its respective affiliates. Accordingly, for a period of one year after Employee's employment terminates for any reason whatsoever with the Company, Employee agrees: # not to become an employee, consultant, advisor, principal, partner or substantial shareholder of any firm or business that competes with the Company or its affiliates in their principal products and markets, that is a reasonably anticipated extension of the Company’s or its affiliates in their principal products and markets, or that is engaged in the research or development of a product that will compete with the Company or its affiliates in their principal products and markets; and (2), on behalf of any such competitive firm or business, not to solicit any person or business that was at the time of such termination and remains a customer or prospective customer, a supplier or prospective supplier, or an employee of the Company or an affiliate.
Term of Employment. The Company hereby employs Employee as its Chief Executive Officer to perform the duties described in Section 3 and Employee hereby accepts such employment by the Company, on the terms and conditions herein contained and subject to the policies and procedures adopted by the Company from time to time, for a term of one year commencing on October 1, 2018 (the “Term”).
Refer to Country Appendix
Corporation agrees to employ Employee and Employee agrees to be employed in the capacity of Chief Financial Officer for a term of three (3) years effective January 1, 2016 and terminating December 31, 2018. Thereafter, the term of this Employment Agreement shall be automatically renewed and extended for successive one-year periods except that either party may, at least ninety (90) days prior to such expiration date or any anniversary thereof, give written notice to the other party electing that this Employment Agreement not be renewed or extended, in which event this Employment Agreement shall expire as of the expiration date or anniversary date, respectively.
Corporation agrees to employ Employee and Employee agrees to be employed in the capacity of President and Chief Executive Officer for a term of five (5) years, effective October 1, 2016 ("Effective Date") and terminating on the five (5) year anniversary of the Effective Date; provided, however, that this Agreement will be renewed automatically on and as of the first (1st) day of each calendar quarter after the Effective Date (i.e., each January 1, April 1, July 1, and October 1) for a period of five (5) years commencing on the date of the automatic renewal, unless Employee's employment is earlier terminated in accordance with the provisions of Section 12 of this Agreement. The period during which Employee is employed with the Corporation under this Agreement, including all renewal periods, is referred to as the "Term."
Term of Employment. As used herein, "Term of Employment" shall mean the period commencing and effective on date of this Agreement, and continuing for an indefinite term until terminated in accordance with the provisions of this Agreement.
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