By Officer Clause Samples
The "By Officer" clause defines actions or decisions that must be taken or authorized specifically by an officer of a company or organization. In practice, this means that certain approvals, consents, or notifications are only valid if executed by an individual holding an official officer position, such as a president, vice president, or other designated executive. This ensures that important decisions are made at an appropriate level of authority, reducing the risk of unauthorized commitments and providing clarity about who has the power to bind the organization.
By Officer. Except as provided in Section 4 of the Severance Agreement, the Officer’s employment under this Agreement may be terminated at any time by the Officer upon 60 days’ written notice to the Board of Directors. Upon such termination, the Officer shall be entitled to receive all compensation, including bonuses, through the effective date of such termination.
By Officer. The Officer's employment under this Agreement may be terminated at any time by the Officer upon 60 days' written notice to the Board of Directors. Upon such termination, the Officer shall be entitled to receive all compensation, including bonuses, through the effective date of such termination.
By Officer. Officer agrees not to voluntarily terminate his employment hereunder, except by giving at least 60 days written notice to the Company. Upon such voluntary termination by Officer, Officer shall be entitled to receive only the following: (i) the accrued but unpaid portion of his Base Salary and any bonuses and other compensation that are earned, accrued or vested but unpaid through the date of termination; and (ii) any rights and benefits of any of the employee benefits earned, accrued or vested (including under any plans in which he was participating) as of the date of such termination, subject to the terms and conditions of such plans and benefits, but Officer shall not attain vested status in any plans or benefits in which he is not vested on the date of termination.
By Officer. This Agreement shall inure to the benefit of and be enforceable by Officer’s personal or legal representatives, executors and administrators, heirs, distributees, devisees and legatees. If Officer should die while any amounts payable to Officer hereunder remain outstanding, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to Officer’s devisees, legatee or other designees, or, in the absence of such, to Officer’s estate. This Agreement is not otherwise assignable by Officer.
By Officer. Following the Effective Time, the Term of Employment and Officer’s employment under this Agreement may be terminated at any time by Officer upon 30 days’ written notice to FCB. FCB, in its sole discretion, may elect for Officer not to serve out part or all of this notice period, in which case Officer’s employment shall terminate immediately. Upon such termination, Officer shall be entitled to receive Base Salary earned under this Agreement through the final day of Officer’s active employment and, thereafter, Officer shall have no further rights and FCB shall have no further obligations hereunder.
By Officer. Officer represents and warrants to the Company that:
(a) He is the sole legal and beneficial owner of the Debt;
(b) He has the full right, power, and authority to enter into and perform this Agreement;
(c) He is acquiring the Common Stock for investment purposes only and not with a view toward resale or distribution, unless pursuant to a valid registration or exemption under applicable securities laws.
(d) He recognizes that the Common Stock will bear a restrictive legend and shall not be available for resale unless it is registered in a registration statement under the Act or a valid exemption.
By Officer