In addition to terms defined elsewhere herein, the following terms have the following meanings when used in this Agreement with initial capital letters: Termination Unrelated to a Change in Control. In the event of:
As its Chief Executive Officer and President, Executive shall render such services to the Company as are customarily rendered by the Chief Executive Officer and President of comparable companies and as required by the articles and by-laws of Employer. Executive accepts such employment and, consistent with fiduciary standards which exist between and employer and an employee, shall perform and discharge the duties commensurate with his position that may be assigned to him from time to time by the Company.
The first term of this Agreement and each subsequent automatic renewal shall each be considered a separate term. For purposes of this Agreement, Accrued Benefits shall include any unused vacation time which has accrued during the Term in which the Executive's employment is terminated, but shall not include any accrued vacation from prior Terms.
In the event that the Executive becomes entitled to receive severance benefits, as provided in Section 2. Such bonus shall be paid at the same time it would have been paid had the Executive's employment not been terminated.
Notwithstanding anything herein to the contrary, in the event such day period falls into two 2 calendar years, the payments contemplated in this Article 1. However, none of the foregoing events or conditions will constitute Good Reason unless: The Board must provide 30 days written notice of its intent to terminate the Executive's employment for Cause.
Prior to being terminated for Cause, the Executive shall have 30 days following the receipt of such written notice to cure any curable event that would otherwise constitute Cause.
Executive agrees that, for a period of one 1 year following his termination of employment with the Company, Executive will not directly or indirectly solicit for employment or employ any person, who is or was employed by the Company within 6 six months prior to his termination date, in any business in which the Executive has a material interest, direct or indirect, as an officer, partner, shareholder or beneficial owner.
Further, Executive will not assist any other person or entity, in hiring or soliciting such employees, even if Executive does not have a material interest or is an officer, partner, shareholder or owner. The Executive will not use or disclose to any individual or entity any Confidential Information as defined below except i in the performance of Executive's duties for the Company, ii as authorized in writing by the Company, or iii as required by subpoena or court order, provided that, prior written notice of such required disclosure is provided to the Company and, provided further that all reasonable efforts to preserve the confidentiality of such information shall be made.
The foregoing restrictions on the use or disclosure of Confidential Information shall continue after Executive's employment terminates for any reason for so long as the information is not generally known to the public.
The Executive will not at any time during his employment with the Company, or after the termination of his employment with the Company, directly or indirectly i disparage, libel, defame, ridicule or make negative comments regarding, or encourage or induce others to disparage, libel, defame, ridicule or make negative comments regarding, the Company, or any of the Company's officers, directors, employees or agents, or the Company's products, services, business plans or methods; or ii engage in any conduct or encourage or induce any other person to engage in any conduct that is in any way injurious or potentially injurious to the reputation or interests of the Company or any of the Company's, officers, directors, employees or agents.
Executive acknowledges that the restrictions under this Article II are substantial, and may effectively prohibit him from working for a period of one year in the field of his experience and expertise. Executive further acknowledges that he has been given access and shall continue to be given access to all of the Confidential Matters and trade secrets described above during the course of his employment, and therefore, the restrictions are reasonable and necessary to protect the competitive business interests and goodwill of the Company and do not cause Executive undue hardship.
This Agreement contains the entire understanding of the Company and the Executive with respect to the subject matter hereof. This Agreement supersedes and replaces any prior oral or written employment or severance agreement between the Executive and the Company.
Where appropriate in this Agreement, including all of Article 2, the term "Company" shall also include any direct or indirect subsidiaries of the Company.
Any payment or benefit delayed by reason of the prior sentence shall be paid out or provided in a single lump sum at the end of such required delay period in order to catch up to the original payment schedule. For purposes of applying the provisions of Section A to this Agreement, each separately identified amount to which the Executive is entitled under this Agreement shall be treated as a separate payment.
In addition, to the extent permissible under Section A, any series of installment payments under this Agreement shall be treated as a right to a series of separate payments.
It is mutually agreed and understood by the parties that should any of the restrictions and covenants contained in Article 3 be determined by any court of competent jurisdiction to be invalid by virtue of being vague, overly broad, unreasonable as to time, territory or otherwise, then the Agreement shall be amended retroactive to the date of its execution to include the terms and conditions which such court deems to be reasonable and in conformity with the original intent of the parties and the parties hereto consent that under such circumstances, such court shall have the power and authority to determine what is reasonable and in conformity with the original intent of the parties to the extent that such restrictions and covenants are enforceable.
In the event any other provision of this Agreement shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the Agreement, and the Agreement shall be construed and enforced as if the illegal or invalid provision had not been included.
All disputes regarding this agreement shall resolved by arbitration to be administered by the American Association of Arbitration. To the extent not preempted by the laws of the United States, the terms and provisions of this agreement are governed by and shall be interpreted in accordance with, the laws of Texas, without giving effect to any choice of law principles.The executive employment agreement is a detailed description of the terms of employment.
This agreement is presented to the employee by the employer and employee is required to agree to all the terms mentioned in the executive employment agreement in order to start working for the employer. What Is An Executive Employment Agreement? The parties to an executive employment agreement are the company and the executive that the company is hiring.
Executives fill the highest managerial positions in a company—CEO, COO, CFO, etc.—and are ultimately responsible for overseeing the day-to-day operations. Executive Employment Agreement.
Companies enter into executive employment agreements with executive level hires. These agreements are important to both parties because of the complex compensation structures they require and the high-level authority and power granted to the executive.
What Is An Executive Employment Agreement? The parties to an executive employment agreement are the company and the executive that the company is hiring. Executives fill the highest managerial positions in a company—CEO, COO, CFO, etc.—and are ultimately responsible for overseeing the day-to .
We would like to show you a description here but the site won’t allow us. executive employment agreement This Executive Employment Agreement (“Agreement”) is by and between TeleTech Holdings, Inc., including its subsidiaries, their successors and assigns, their directors, officers, employees and agents (the “Company” or “TeleTech”) and Regina Paolillo (“Employee”), and shall be effective as of.