Common use of During the Transition Period Clause in Contracts

During the Transition Period. During the Transition Period, Executive will (i) be employed by Company as a part–time employee providing, at the request and direction of the Chief Executive Officer and/or the Board, not more than 500 hours of service per 12–month period (at mutually agreed–upon dates and times, which may be deferred up to six months), such services to be commensurate with the general nature of services performed by Executive or other executive–level employees of Company during the Employment Term or of a nature that the Chief Executive Officer and/or the Board determines is necessary or desirable to transition Executive’s position to his successor, and (ii) have such title, or no title, as shall be determined by the Chief Executive Officer and/or the Board in his or its discretion.

During the Transition Period. During the Transition Period, Executive will (i) be employed by Company as a part–-time employee providing, at the request and direction of the Chief Executive Officer and/or or the BoardBoard of Directors of Company, not more than 500 hours of service per 12–-month period (at mutually agreed–upon dates and timesthe Company's offices in Annapolis, which may be deferred up to six months)Maryland, such services to be commensurate with the general nature of services performed by Executive or other executive–-level employees of Company during the Employment Term or of a nature that the Chief Executive Officer and/or or the Board of Directors of Company determines is necessary or desirable to transition Executive’s 's position to his successor, and (ii) have such title, or no title, as shall be determined by the Chief Executive Officer and/or or the Board of Directors of Company in his or its discretion.

During the Transition Period. During the Transition Period, Executive will (i) be employed by Company as a part–-time employee providing, at the request and direction of the Chief Executive Officer and/or the BoardBoard of Directors of Company, not more than 500 hours of service per 12–-month period (at mutually agreed–upon dates and timesthe Company's offices in Annapolis, which may be deferred up to six months)Maryland, such services to be commensurate with the general nature of services performed by Executive or other executive–-level employees of Company during the Employment Term or of a nature that the Chief Executive Officer and/or or the Board of Directors of Company determines is necessary or desirable to transition Executive’s 's position to his successor, and (ii) have such title, or no title, as shall be determined by the Chief Executive Officer and/or or the Board of Directors of Company in his or its discretion.

During the Transition Period. During the Transition Period, Executive will (i) be employed by Company as a part–-time employee providing, at the request and direction of the Chief Executive Officer and/or or the BoardBoard of Directors of Company, not more than 500 hours of service per 12–-month period (at mutually agreed–upon dates and timesthe Company's offices in New York, which may be deferred up to six months)New York, such services to be commensurate with the general nature of services performed by Executive or other executive–-level employees of Company during the Employment Term or of a nature that the Chief Executive Officer and/or or the Board of Directors of Company determines is necessary or desirable to transition Executive’s 's position to his successor, and (ii) have such title, or no title, as shall be determined by the Chief Executive Officer and/or or the Board of Directors of Company in his or its discretion.

During the Transition Period. During the Transition Period, Executive will (i) be employed by Company as a part–-time employee providing, at the request and direction of the Chief Executive Officer and/or the Board, not more than 500 hours of service per 12–-month period (at mutually agreed–-upon dates and times) at the Company’s offices in Annapolis, which may be deferred up to six months)Maryland, such services to be commensurate with the general nature of services performed by Executive or other executive–-level employees of Company during the Employment Term or of a nature that the Chief Executive Officer and/or the Board determines is necessary or desirable to transition Executive’s position to his successor, and (ii) have such title, or no title, as shall be determined by the Chief Executive Officer and/or the Board in his or its discretion.