Common use of Consideration by Employee Clause in Contracts

Consideration by Employee. In consideration of the Company’s entering into this Agreement, Employee hereby agrees during the period commencing on the date hereof and extending through the end of the term of this Agreement that: (A) Employee will not voluntarily terminate employment with the Company without the Company’s consent to such termination, except in the event of a termination by Employee for “Good Reason” (as defined in Section 2.3) in accordance with Section 2.4. (B) Employee hereby agrees to the restrictions set forth in Section 4 hereof. (C) Employee shall, subject to the other terms of this Agreement, perform the “Employee’s Duties and Responsibilities” of his position with the Company or its subsidiaries, as required by the Company as enumerated below, and such other duties and responsibilities on behalf of the Company and the Company’s subsidiaries as reasonably may be designated from time to time by the officers of the Company or by its designees as are agreed in writing between the parties. (D) In performing “Employee’s Duties and Responsibilities”, Employee shall operate from facilities provided by the Company in Houston, Texas, where principal operations of the Company are performed.

Appears in 2 contracts

Sources: Employment Agreement (Geospace Technologies Corp), Employment Agreement (Geospace Technologies Corp)

Consideration by Employee. In consideration of the Company’s 's entering into this Agreement, Employee hereby agrees during the period commencing on the date hereof and extending through the end of the term of this Agreement that: (A) Employee will not voluntarily terminate employment with the Company without the Company’s 's consent to such termination, except in the event of a termination by Employee for "Good Reason” (as Reason"(as defined in Section 2.3) in accordance with Section 2.4. (B) Employee hereby agrees to the restrictions set forth in Section 4 hereof. (C) Employee shall, subject to the other terms of this Agreement, perform the “Employee’s Duties and Responsibilities” of his position with the Company or its subsidiaries, as required by the Company as enumerated below, and such other duties and responsibilities on behalf of the Company and the Company’s subsidiaries as reasonably may be designated from time to time by the officers of the Company or by its designees as are agreed in writing between the partiesParties. (D) In performing “Employee’s Duties and Responsibilities”, Employee shall operate from facilities provided by the Company in Houston, Texas, where principal operations of the Company are performed.

Appears in 1 contract

Sources: Employment Agreement (Geospace Technologies Corp)