Example ContractsClausesterm of optionVariants
Term of Option
Term of Option contract clause examples

Term. Executive’s employment under this Agreement shall commence as of February 8, 2017 (the “Effective Date”) and shall continue until a permanent CEO is in place for the Company and its subsidiaries (the period between the Effective Date and the termination of this Agreement referred to herein as the “Employment Term”). At the end of the Employment Term, no further compensation shall be paid under this Agreement, except for accrued and unpaid compensation and benefits under Section 2 of this Agreement.

Term. The period of Executive’s employment under this Agreement shall commence on the Effective Date and shall continue until Executive’s employment with the Company is terminated pursuant to Section 5. The phrase “Term” as used in this Agreement shall refer to the entire period of employment of Executive by the Company.

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”).

Employment. The Employer agrees to employ Executive and Executive agrees to be employed by the Employer, beginning as of August 11, 2016 (the “Effective Date”) and Executive’s employment under this Agreement shall terminate on the earlier of # December 31, 2018 or # the termination of Executive’s employment under this Agreement. The period from the Effective Date until the termination of Executive’s employment under this Agreement is referred to as the “Employment Period.” To the extent Executive remains employed by the Company after the expiration of the Employment Period, such employment will be subject to the terms and conditions to which the Company and Executive at that time will agree.

Term of Employment. The term of Executive’s employment by the Company pursuant to this Agreement shall commence on June 1, 2022 (the “Effective Date”) and shall terminate in accordance with [Section 4] hereof (such term, the “Term”).

Employment. The Company hereby agrees to further employ the Executive as Chief Executive Officer (“CEO”) of the Company, effective on the Effective Date and for the duration of the Term unless terminated earlier pursuant to the terms of Section 2 below. The Executive accepts such employment and agrees to devote sufficient time, efforts and skills to diligently perform the duties of such role as shall reasonably be assigned to him by the Board of Directors of the Company (“Board”), subject to Section 3 below.

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