As an Employee Sample Clauses
The 'As an Employee' clause defines the rights, responsibilities, and expectations of an individual in their capacity as an employee within an organization. It typically outlines the scope of employment, duties to be performed, and the standards of conduct required. For example, it may specify reporting relationships, adherence to company policies, and obligations regarding confidentiality or intellectual property. This clause serves to clearly establish the employment relationship and set boundaries, ensuring both parties understand their roles and reducing the risk of misunderstandings or disputes.
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As an Employee. During my employment with the Company, I will not directly or indirectly: (i) Cause any person to leave their employment with the Company (other than terminating subordinate employees in the course of my duties for the Company); (ii) Solicit any Business Partner; or (iii) act in Any Capacity in or with respect to any commercial activity which competes or is reasonably likely to compete with any business that the Company conducts, or demonstrably anticipates conducting, at any time during my employment (a Competing Business).
As an Employee. If the Option has not been terminated pursuant to Section VII hereof, the Option granted herein may be exercised by Optionee as hereinafter provided. Unless waived by the Board of Directors or a committee thereof that administers the Plan (the Board of Directors or a committee thereof is referred to herein as the "Committee"), the Optionee, while in the employment of the Company or its Subsidiary, may exercise the option as follows:
1. at any time after one (1) year of continuous employment by the Optionee from the Date of Grant, the Option may be exercised in whole or in part as to not more than twenty percent (20%) of the total number of Option Shares;
2. at any time after two (2) years of continuous employment by the Optionee from the Date of Grant, the Option may be exercised, in whole or in part, as to an additional twenty percent (20%) of the total number of Option Shares;
3. at any time after three (3) years of continuous employment by the Optionee from the Date of Grant, the Option may be exercised, in whole or in part, as to an additional thirty percent (30%) of the total number of Option Shares;
4. at a time after four (4) years of continuous employment by the Optionee from the Date of Grant, the Option may be exercised, in whole or in part, as to all of the Option Shares remaining subject to the Option. The right to exercise the Option shall be cumulative. Employment by a Subsidiary of the Company shall be considered employment by the Company. The Committee shall have the sole right to accelerate the time when Optionee will become entitled to exercise the Option pursuant to the terms hereof and the Plan.
As an Employee. During my employment with the Company, I will not directly or indirectly: (i) Cause any person to cease or reduce their services (as an employee or otherwise) to the Company (other than terminating subordinate employees in the course of my duties for the Company); (ii) Solicit any Business Partner; (iii) act in any capacity in or with respect to any commercial activity which competes, or is reasonably likely to compete, with any business that the Company conducts, proposes to conduct or demonstrably anticipates conducting, at any time during my employment with the Company or (iv) enter into an employment, consulting or other similar relationship with another person or entity without the prior written consent of the Company.
As an Employee. During my employment with the Company, I will not directly or indirectly: (i) Cause any person to cease or reduce their services (as an employee or otherwise) to the Company (other than terminating subordinate employees in the course of my duties for the Company); (ii) Solicit any Business Partner; (iii) act in any capacity in or with respect to any commercial activity which competes, or is reasonably likely to compete, with any business that the Company conducts, proposes to conduct or demonstrably anticipates conducting, at any time during my employment with the Company or (iv) enter into in an employment, consulting or other similar relationship with another person or entity that requires a significant time commitment without the prior written consent of the Company.
As an Employee. During my employment with the Company, I will not directly or indirectly: (i) Cause any person to leave their employment with the Company (other than terminating subordinate employees in the course of my duties for the Company); (ii) Solicit any Business Partner; (iii) act in Any Capacity in or with respect to any commercial activity which competes, or is reasonably likely to compete, with any business that the Company conducts, proposes to conduct or demonstrably anticipates conducting, at any time during my employment (a “Competing Business”); (iv) enter into in an employment, consulting or other similar relationship with another person or entity that requires a significant time commitment without the prior written consent of the Company; or (v) make, or cause to be made, any statements, observations, or opinions, or communicate any information (whether oral or written), that disparages or is likely in any way to harm the reputation of the Company, its customers, users and/or business partners except that nothing contained in this Agreement shall be deemed to prohibit me from testifying truthfully under oath pursuant to any lawful court order or subpoena or otherwise responding to or providing disclosures required by law.
As an Employee. If this option has not been terminated pursuant to Section 6 hereof, subject to the terms and conditions contained herein, the option herein granted may be exercised by Optionee as hereinafter provided. Unless waived by the Board of Directors or a Committee thereof (referred to herein as the "Committee"), the Optionee, while in the employment of the Company or its Subsidiary, may exercise the option as follows: at any time after one (1) year of continuous employment as an employee
As an Employee. If this option has not been terminated pursuant to Section 6 hereof, subject to the terms and conditions contained herein, the option herein granted may be exercised by Optionee as hereinafter provided. Unless waived by the Board of Directors or a Committee thereof (referred to herein as the “Committee”), the Optionee, while in the employment of the Company or a Subsidiary, may exercise the option as follows: at any time after one (1) year of continuous employment of the Optionee as an employee following June 19, 2006 for and on behalf of the Company or any Subsidiary, the Option may be exercised by the Optionee as to not more than ten percent (10%) of the total number of shares set forth in Section 2 hereof; and for each following year thereafter of continuous employment by the Optionee as an employee of the Company or a Subsidiary, the Option may be exercised by the Optionee as to an additional ten percent (10%) of the total number of shares set forth in Section 2 hereof until the Total Option Shares have been exercisable.
As an Employee. During my employment with the Company, I will not directly or indirectly: (i) recruit, employ, retain or otherwise solicit, induce or influence, or attempt to do so, any person to cease or reduce their services (as an employee or otherwise) to the Company (other than terminating subordinate employees in the course of my duties for the Company); (ii) Solicit any Business Partner; (iii) act in any capacity in or with respect to any commercial activity which competes, is reasonably likely to compete, or is preparing to compete with any business that the Company conducts, proposes to conduct or demonstrably anticipates conducting, at any time during my employment with the Company or (iv) enter into in an employment, consulting or other similar relationship with another person or entity that requires a significant time commitment without the prior written consent of the Company.
As an Employee. Effective as of the close of business on April 2, 2021 (the “Effective Date”) Executive, automatically and without further action on his part or any other person or entity, shall cease to be an employee of the Company. #94208853v10
As an Employee. In consideration of the Executive's agreement herein and his services as an employee through June 14, 1999, the Company shall pay to the Executive an annual base salary of $500,000 and a minimum annual bonus of $250,000, to be paid in accordance with the Company's normal payroll practices for its senior executives except that such bonus shall be paid within five business days following June 14, 1999. The aggregate compensation described in the preceding sentence shall be multiplied by a fraction, the numerator of which is the number of calendar days in the Employment Term and the denominator of which is 365. During the Employment Term, the Executive shall be eligible to continue to participate in all incentive, pension, retirement, savings, 401(k) and other employee pension benefit and welfare plans and programs maintained by the Company or its affiliates from time to time for the benefit of active senior executives and/or other employees of the Company. At the end of the Employment Term, the Executive will be entitled to receive distribution of his vested accrued benefits under the Company's qualified and nonqualified retirement and savings plans in accordance with the terms of such plans and his respective elections duly filed thereunder.