Common use of Transition Date Clause in Contracts

Transition Date. Unless Executive’s employment terminates earlier pursuant to Article V, the Board shall determine the date upon which Executive’s service as CEO shall end (such date hereinafter referred to as the “Transition Date”). The Board’s determination of the Transition Date shall be made in its sole discretion and shall be made by the Board for any reason and at any time after the date of this Agreement. Once the Board has determined the Transition Date, it shall provide the Executive with written notice of such determination.

Appears in 2 contracts

Sources: Employment Agreement, Employment Agreement (KOHLS Corp)