EFFECTIVE DATE; TRANSITION Sample Clauses

EFFECTIVE DATE; TRANSITION. This Agreement is effective as of the Effective Date. The terms and conditions stated in the Prior Employment Agreement shall remain in effect through April 30, 2019. Effective May 1, 2019, (the “Transition Date”), Green shall (a) relinquish the titles and positions of Senior Vice President, Chief Scientific Officer and Global Head of Research and Development of the Company and no longer be an employee of the Company; and (b) become a consultant to the Company as an independent contractor, in accordance with and pursuant to the terms of this Agreement.
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EFFECTIVE DATE; TRANSITION.  Effective as of receipt of Stockholder Approval (such date, being the “Transition Date”), ▇▇▇▇▇ shall (a) cease to be and relinquish the voting rights, title and position of Chairman of the Board and a director of the Company, and (b) become Chairman Emeritus, a non-voting advisory role to the Board, in accordance with and pursuant to the terms of this Agreement. 
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EFFECTIVE DATE; TRANSITION. This Agreement is effective as of the date stated in the preamble above. The terms and conditions stated in the Prior Employment Agreement shall remain in effect through January 1, 2019. Effective January 2, 2019 (the “Transition Date”), ▇▇▇▇▇ shall (a) relinquish the title and position of Chief Executive Officer of the Company and no longer be an employee of the Company; and (b) become a consultant to the Company as an independent contractor, in accordance with and pursuant to the terms of this Agreement.
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EFFECTIVE DATE; TRANSITION 
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Related to EFFECTIVE DATE; TRANSITION

  • Effective Date; Term This Agreement shall become effective on the date of its execution and shall remain in force for a period of two (2) years from such date, and from year to year thereafter but only so long as such continuance is specifically approved at least annually by the vote of a majority of the Trustees who are not interested persons of the Trust or the Adviser, cast in person at a meeting called for the purpose of voting on such approval, and by a vote of the Board of Trustees or of a majority of the outstanding voting securities of the Fund. The aforesaid requirement that this Agreement may be continued "annually" shall be construed in a manner consistent with the Act and the rules and regulations thereunder.