End of Employment If the employment of an employee who is eligible for the bonus ends before annual payment of the bonus, then 1/12 of the sum that was last paid to the employee in seniority bonus shall be paid to the employee at the time of the final wage payment for each month for which the employee has earned annual holiday as of the start of the preceding December.
Scope of Employment During the term of this Agreement, Executive shall hold the position of Chief Science Officer and Founder and shall have those duties and responsibilities customarily associated with the title of Chief Science Officer plus any additional duties as may reasonably be assigned to him from time to time by the Company. The Company shall at all times during the term of this Agreement take all steps necessary to nominate Executive as a nominee for director for the purposes of any meeting or consent of the shareholders conducted or taken during the term of this Agreement, and shall use reasonable efforts to have Executive appointed to the Science Committee. The Executive shall report directly to the Chief Executive Officer. The Executive will devote his full time and best efforts to the business and affairs of the Company; provided, however, that the Executive may (i) serve as a director or advisor of nonprofit organizations without the approval of the Company; (ii) serve as a director or advisor of one (1) for-profit organization with the Company’s permission (which shall not be unreasonably withheld or delayed); provided, however, that such service shall not create a conflict of interest with Executive’s service to the Company; (iii) perform and participate in charitable, civic, educational, professional, community and industry affairs and other related activities; and (iv) manage Executive’s personal investments, provided, in each case, that such activities do not (a) materially interfere, individually or in the aggregate with the performance of your duties hereunder or (b) violate any restrictive covenants. The Executive shall be subject to and comply with the Company’s policies, procedures and approval practices as generally in effect at any time and from time to time.
Duration of Employment 5.1 A seafarer shall be engaged for the period specified in Appendix 1 to this Agreement and such period may be extended or reduced by the amount shown in Appendix 1 for operational convenience. The employment shall be automatically terminated upon the terms of this Agreement at the first arrival of the ship in port after expiration of that period, unless the Company operates a permanent employment system.
Acceptance of Employment The Adviser hereby accepts such employment and agrees during the term hereof to render the services described herein for the compensation provided herein, subject to the limitations contained herein.
Separation of Employment (a) If an employee is discharged he shall be paid in full for all monies owing him on the date of his discharge. If an employee quits the Employer may withhold payment for five (5) calendar days.
(b) The Employer shall give a Record of Employment Certificate to any employee who separates from employment for at least seven (7) days for any reason within five (5) days of the last day worked, or terminates.