Grouped Into 24 Collections of Similar Clauses From Business Contracts
This page contains Amendment to Section clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Amendment to Section. Section 6 of the Original Agreement is hereby amended and restated in its entirety to read as follows: "2.1 Compensation. Effective from July 2013 (inclusive), the Company shall pay to the Consultant in consideration for the performance of the Consulting Services, a gross monthly amount of 75,000 + VAT (approximately $20,833) (the "Consideration"), subject to the receipt by the Company of an invoice from the Consultant. Each of the Consultant and Nadav hereby declares that neither of them has, n...or shall have in the future, any claims or demands in respect of amounts paid prior to May 2008." 2. Ratification. As amended hereby, the Original Agreement is ratified and confirmed and all other terms and conditions remain in full force and effect.View More
Amendment to Section. Section 6 of the Original Agreement is hereby amended and restated in its entirety to read as follows: "2.1 Compensation. "Compensation. Effective from July 2013 June 2016 (inclusive), the Company shall pay to the Consultant in consideration for the performance of the Consulting Services, a gross monthly amount of 75,000 95,460 + VAT (approximately $20,833) $24,920) (the "Consideration"), subject to the receipt by the Company of an invoice from the Consultant. Each of the Consultant and Nadav he...reby declares that neither of them has, nor shall have in the future, any claims or demands in respect of amounts paid prior to May 2008." 2. Ratification. As amended hereby, the Original Employment Agreement is ratified and confirmed and all other terms and conditions remain in full force and effect. View More
Amendment to Section. Section 10.1(f) of the Merger Agreement is hereby amended and restated in its entirety to read as follows: "(f) by the Company or Acquiror (by written notice to the other party), if the Effective Time has not occurred by 11:59 p.m., New York time on February 13, 2022 (the "Agreement End Date"); provided, further, that, it being understood that the right to terminate this Agreement pursuant to this Section 10.1(f) will not be available to any Party that is in material breach hereof." 2. NO FURTHE...R AMENDMENT; EFFECT OF AMENDMENT. This Amendment shall be deemed incorporated into, and form a part of, the Merger Agreement and have the same legal validity and effect as the Merger Agreement. Except as expressly and specifically amended hereby, the Merger Agreement is not otherwise being amended, modified or supplemented and all terms and provisions of the Merger Agreement are and shall remain in full force and effect in accordance with its terms, and all references to the Merger Agreement in this Amendment and in any ancillary agreements or documents delivered in connection with the Merger Agreement shall hereafter refer to the Merger Agreement as amended by this Amendment, and as it may hereafter be further amended or restated.View More
Amendment to Section. Section 10.1(f) 7.6(a) of the Merger Agreement is hereby amended and restated in its entirety to read as follows: "(f) "(a) the Board of Directors of Acquiror shall consist of up to seven (7) directors, which shall initially include all seven (7) director nominees to be designated by the Company or Acquiror (by pursuant to written notice to Acquiror as soon as reasonably practicable following the other party), if the Effective Time has not occurred by 11:59 p.m., New York time on February 13, 20...22 (the "Agreement End Date"); provided, further, that, it being understood that the right to terminate date of this Agreement pursuant to this Section 10.1(f) will not be available to any Party that is in material breach hereof." Agreement;" 2. NO FURTHER AMENDMENT; EFFECT OF AMENDMENT. This Amendment shall be deemed incorporated into, and form a part of, the Merger Agreement and have the same legal validity and effect as the Merger Agreement. Except as expressly and specifically amended hereby, the Merger Agreement is not otherwise being amended, modified or supplemented and all terms and provisions of the Merger Agreement are and shall remain in full force and effect in accordance with its terms, and all references to the Merger Agreement in this Amendment and in any ancillary agreements or documents delivered in connection with the Merger Agreement shall hereafter refer to the Merger Agreement as amended by this Amendment, and as it may hereafter be further amended or restated. View More
Amendment to Section. Section 7(a) of the Rights Agreement is amended by striking Section 7(a) thereof in its entirety and replacing it with the following:"(a) Subject to Section 7(e) hereof, the registered holder of any Right Certificate may exercise the Rights evidenced thereby (except as otherwise provided herein) in whole or in part at any time after the Distribution Date upon surrender of the Right Certificate, with the form of election to purchase and the certificate on the reverse side thereof duly executed, t...o the Rights Agent at the office or offices of the Rights Agent designated for such purpose, together with payment of the aggregate Exercise Price for the total number of one ten-thousandths of a share of Preferred Stock (or other securities, cash or other assets, as the case may be) as to which such surrendered Rights are then exercised, at or prior to the earlier of (i) the Close of Business on the fifteenth anniversary of the Record Date (the "Final Expiration Date"), (ii) the time at which the Rights are redeemed as provided in Section 23 hereof (the "Redemption Date") or (iii) the time at which such Rights are exchanged as provided in Section 24 hereof (the "Exchange Date") (the earliest of (i), (ii) or (iii) being herein referred to as the "Expiration Date"). Except as set forth in Section 7(e) hereof and notwithstanding any other provision of this Agreement, any Person who prior to the Distribution Date becomes a record holder of shares of Common Stock of the Company may exercise all of the rights of a registered holder of a Right Certificate with respect to the Rights associated with such shares of Common Stock of the Company in accordance with the provisions of this Agreement, as of the date such Person becomes a record holder of shares of Common Stock of the Company."2. Ratification. The parties hereby ratify and confirm in all respects the Agreement, as amended by this Amendment.3. Governing Law. This Amendment shall be deemed to be a contract made under the laws of the State of Delaware and for all purposes shall be governed by and construed in accordance with the laws of such State applicable to contracts to be made and performed entirely within such State.4. Counterparts. This Amendment may be executed in any number of counterparts and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument.View More
Amendment to Section. Section 7(a) of the Rights Agreement is amended by striking Section 7(a) thereof in its entirety and replacing it with the following:"(a) following: "(a) Subject to Section 7(e) hereof, the registered holder of any Right Certificate may exercise the Rights evidenced thereby (except as otherwise provided herein) in whole or in part at any time after the Distribution Date upon surrender of the Right Certificate, with the form of election to purchase and the certificate on the reverse side thereof ...duly executed, to the Rights Agent at the office or offices of the Rights Agent designated for such purpose, together with payment of the aggregate Exercise Price for the total number of one ten-thousandths of a share of Preferred Stock (or other securities, cash or other assets, as the case may be) as to which such surrendered Rights are then exercised, at or prior to the earlier of (i) the Close of Business on the fifteenth fourteenth anniversary of the Record Date (the "Final Expiration Date"), (ii) the time at which the Rights are redeemed as provided in Section 23 hereof (the "Redemption Date") or (iii) the time at which such Rights are exchanged as provided in Section 24 hereof (the "Exchange Date") (the earliest of (i), (ii) or (iii) being herein referred to as the "Expiration Date"). Except as set forth in Section 7(e) hereof and notwithstanding any other provision of this Agreement, any Person who prior to the Distribution Date becomes a record holder of shares of Common Stock of the Company may exercise all of the rights of a registered holder of a Right Certificate with respect to the Rights associated with such shares of Common Stock of the Company in accordance with the provisions of this Agreement, as of the date such Person becomes a record holder of shares of Common Stock of the Company."2. Amendment to Section 26. Section 26 of the Rights Agreement is amended by deleting the notice and demand address for the Rights Agent set forth therein and inserting the following notice and demand addresses in its place: "American Stock Transfer & Trust Company, LLC6201 15th AvenueBrooklyn, NYAttention: Corporate Trust DepartmentTelephone: (718) 921-8334 With a copy to:American Stock Transfer & Trust Company, LLC48 Wall Street, 22nd FloorNew York, NY 10005Attention: Legal DepartmentEmail: legalteamAST@astfinancial.com" 3. Ratification. The parties hereby ratify and confirm in all respects the Agreement, as amended by this Amendment.3. Amendment.4. Governing Law. This Amendment shall be deemed to be a contract made under the laws of the State of Delaware and for all purposes shall be governed by and construed in accordance with the laws of such State applicable to contracts to be made and performed entirely within such State.4. Counterparts. This Amendment may be executed in any number of counterparts and each of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. State. View More
Amendment to Section. Section 1.1 (Definitions) of the Private Placement Agreement is hereby amended by substituting the definition of the term of Phase Two Party Outside Date with the following: "Phase Two Party Outside Date" means the date that is December 30, 2016 and by which the relevant party has executed this Agreement or a Joinder Agreement.
Amendment to Section. Section 1.1 (Definitions) of the Private Placement Backstop Commitment Agreement is hereby amended by substituting the definition of the term of Phase Two Party Outside Date with the following: "Phase Two Party Outside Date" means the date that is December 30, 2016 and by which the relevant party has executed this Agreement or a Joinder Agreement.
Amendment to Section. Section 8.1(c) of the Agreement is hereby amended to remove the word "not" and therefor to read in full as follows:"(c) Antitrust Approval. Any waiting period (and extensions thereof) applicable to or in connection with the Transactions under the HSR Act shall have expired or been terminated."2. Effectiveness. This Amendment shall be effective as of the date first written above following the execution of this Amendment by the Parties. Any reference in the Agreement to "this Agreement" shall here...after be deemed to refer to the Agreement as amended by this Amendment, and any reference in the Company Disclosure Letter to "the Agreement" shall refer to the Agreement as amended by this Amendment, except that all references in the Agreement or the Company Disclosure Letter to "the date hereof" and "the date of this Agreement" shall refer to June 15, 2021.3. Miscellaneous Terms. The provisions of Article 10 of the Agreement shall apply mutatis mutandis to this Amendment.4. Full Force and Effect. Except as specifically amended herein, the Parties hereby acknowledge and agree that all of the terms and provisions set forth in the Agreement remain in full force and effect in all respects.View More
Amendment to Section. Section 8.1(c) of the Agreement is hereby amended to remove the word "not" and therefor to read in full as follows:"(c) Antitrust follows: "(c)Antitrust Approval. Any waiting period (and extensions thereof) applicable to or in connection with the Transactions under the HSR Act shall have expired or been terminated."2. terminated." 2. Effectiveness. This Amendment shall be effective as of the date first written above following the execution of this Amendment by the Parties. Any reference in the A...greement to "this Agreement" shall hereafter be deemed to refer to the Agreement as amended by this Amendment, and any reference in the Company Disclosure Letter to "the Agreement" shall refer to the Agreement as amended by this Amendment, except that all references in the Agreement or the Company Disclosure Letter to "the date hereof" and "the date of this Agreement" shall refer to June 15, 2021.3. Miscellaneous Terms. The provisions of Article 10 of the Agreement shall apply mutatis mutandis to this Amendment.4. Full Force and Effect. Except as specifically amended herein, the Parties hereby acknowledge and agree that all of the terms and provisions set forth in the Agreement remain in full force and effect in all respects. 2021. View More
Amendment to Section. Section 6.3(h) of the Merger Agreement is hereby deleted in its entirety and replaced with the following: "(h) [reserved]." 2. Amendment to Section 7.1(b). Section 7.1(b) of the Merger Agreement is hereby deleted in its entirety and replaced with the following: "(b) by either Parent or the Company if the Closing has not occurred at or before 5:00 p.m. Eastern Time on November 30, 2022 (the "Termination Date"); provided that the right to terminate this Agreement pursuant to this Section 7.1(b) sh...all not be available to any Party whose action or failure to act has been a principal cause of or primarily resulted in the failure of the Closing to occur on or before such date and such action or failure to act constitutes a breach of this Agreement;" 3. Counterparts. This Amendment may be executed by the parties in counterparts, and the executed counterparts shall be deemed by the parties as a single executed and binding document and may be delivered by facsimile to the parties and their counsel.View More
Amendment to Section. Section 6.3(h) of the Merger Agreement is hereby deleted in its entirety and replaced with the following: "(h) [reserved]." 2. Amendment to Section 7.1(b). Section 7.1(b) of the Merger Agreement is hereby deleted in its entirety and replaced with the following: "(b) by either Parent or the Company if the Closing has not occurred at or before 5:00 p.m. Eastern Time on November 30, 2022 April 2, 2023 (the "Termination Date"); provided that the right to terminate this Agreement pursuant to this Sec...tion 7.1(b) shall not be available to any Party whose action or failure to act has been a principal cause of or primarily resulted in the failure of the Closing to occur on or before such date and such action or failure to act constitutes a breach of this Agreement;" 3. Agreement." 2. Counterparts. This Amendment may be executed by the parties in counterparts, and the executed counterparts shall be deemed by the parties as a single executed and binding document and may be delivered by facsimile to the parties and their counsel. View More
Amendment to Section. The definition of "Option Exercise Period" in Section 1.01 of the Shareholders Agreement, as amended by Extension Agreement No. 1 and Extension Agreement No. 2, is hereby amended by replacing it in its entirety with the following: "Option Exercise Period" means (i) the period beginning on April 1 and ending on June 30 of 2014 and (ii) the period beginning on April 1 and ending on April 30 of each of 2015 and 2016.
Amendment to Section. The definition of "Option Exercise Period" in Section 1.01 of the Shareholders Agreement, as amended by Extension Agreement No. 1 1, Extension Agreement No. 2 and Extension Agreement No. 2, 3, is hereby amended by replacing it in its entirety with the following: "Option Exercise Period" means (i) the period beginning on April 1 and ending on June 30 July 18 of 2014 and (ii) the period beginning on April 1 and ending on April 30 of each of 2015 and 2016.
Amendment to Section. Section 4 is amended to include the following subsection d. thereunder, which shall read as follows (and the current subsections d. and e. are renumbered to be e. and f., respectively): "d. To the extent permitted by applicable law, the Board of Directors or Committee may from time to time delegate to a committee of one or more members of the Board of Directors or one or more executive officers of the Company the authority to grant or amend Awards; provided, however, that in no event shall an ex...ecutive officer be delegated the authority to grant awards to, or amend awards held by, the following individuals: (a) individuals who are subject to Section 16 of the Exchange Act or (b) executive officers of the Company (or Directors) to whom authority to grant or amend Awards has been delegated hereunder. Any delegation hereunder shall be subject to the restrictions and limits that the Board of Directors or Committee specifies at the time of such delegation, and the Board of Directors may at any time rescind the authority so delegated or appoint a new delegatee. At all times, the delegatee appointed under this Section 4(d) shall serve in such capacity at the pleasure of the Board of Directors and the Committee."2. Effect on the Plan. Except as specifically amended by this Amendment, the Plan shall remain in full force and effect.3. Governing Law. This Amendment shall be governed by and construed according to the laws of the State of Delaware without regard to its principles of conflict of laws. EX-10.2 2 exhibits102.htm EXHIBIT 10.2 Exhibit AMENDMENT TO THE CYPRESS SEMICONDUCTOR CORPORATION 2012 INCENTIVE AWARD PLANThis amendment (the "Amendment") to the Cypress Semiconductor Corporation 2012 Incentive Award Plan (the "Plan"), is made and entered into effective as of February 16, 2018. Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to such terms in the Plan.RECITALSWHEREAS, the Board of Directors of Cypress Semiconductor Corporation (the "Company") desires, pursuant to its authority under Section 19(a) of the Plan, to amend the Plan to broaden the Administrator's delegation authority under the Plan;NOW, THEREFORE, the Plan shall be amended as follows:1. Amendment to Section 4. Section 4 is amended to include the following subsection d. thereunder, which shall read as follows (and the current subsections d. and e. are renumbered to be e. and f., respectively): "d. To the extent permitted by applicable law, the Board of Directors or Committee may from time to time delegate to a committee of one or more members of the Board of Directors or one or more executive officers of the Company the authority to grant or amend Awards; provided, however, that in no event shall an executive officer be delegated the authority to grant awards to, or amend awards held by, the following individuals: (a) individuals who are subject to Section 16 of the Exchange Act or (b) executive officers of the Company (or Directors) to whom authority to grant or amend Awards has been delegated hereunder. Any delegation hereunder shall be subject to the restrictions and limits that the Board of Directors or Committee specifies at the time of such delegation, and the Board of Directors may at any time rescind the authority so delegated or appoint a new delegatee. At all times, the delegatee appointed under this Section 4(d) shall serve in such capacity at the pleasure of the Board of Directors and the Committee."2. Effect on the Plan. Except as specifically amended by this Amendment, the Plan shall remain in full force and effect.3. Governing Law. This Amendment shall be governed by and construed according to the laws of the State of Delaware without regard to its principles of conflict of laws.View More
Amendment to Section. Section 4 is amended to include the following an additional subsection d. 4.4 thereunder, which shall read as follows (and the current subsections d. and e. are renumbered to be e. and f., respectively): "d. follows:"4.4 To the extent permitted by applicable law, the Board of Directors or Committee may from time to time delegate to a committee of one or more members of the Board of Directors or one or more executive officers of the Company the authority to grant or amend Awards; provided, howeve...r, that in no event shall an executive officer be delegated the authority to grant awards to, or amend awards held by, the following individuals: (a) individuals who are subject to Section 16 of the Exchange Act or Act, (b) executive officers of the Company (or Directors) to whom authority to grant or amend Awards has been delegated hereunder. Any delegation hereunder shall be subject to the restrictions and limits that the Board of Directors or Committee specifies at the time of such delegation, and the Board of Directors may at any time rescind the authority so delegated or appoint a new delegatee. At all times, the delegatee appointed under this Section 4(d) 4.4 shall serve in such capacity at the pleasure of the Board of Directors and the Committee."2. Effect on the Plan. Except as specifically amended by this Amendment, the Plan shall remain in full force and effect.3. Governing Law. This Amendment shall be governed by and construed according to the laws of the State of Delaware without regard to its principles of conflict of laws. EX-10.2 2 exhibits102.htm EX-10.3 3 exhibits103.htm EXHIBIT 10.2 10.3 Exhibit AMENDMENT TO THE CYPRESS SEMICONDUCTOR CORPORATION 2012 INCENTIVE AWARD 2013 STOCK PLANThis amendment (the "Amendment") to the Cypress Semiconductor Corporation 2012 Incentive Award 2013 Stock Plan (the "Plan"), is made and entered into effective as of February 16, 2018. Capitalized terms used and not otherwise defined herein shall have the meanings ascribed to such terms in the Plan.RECITALSWHEREAS, the Board of Directors of Cypress Semiconductor Corporation (the "Company") desires, pursuant to its authority under Section 19(a) 18 of the Plan, to amend the Plan to broaden the Administrator's delegation authority under the Plan;NOW, THEREFORE, the Plan shall be amended as follows:1. Amendment to Section 4. Section 4 is amended to include the following an additional subsection d. 4.4 thereunder, which shall read as follows (and the current subsections d. and e. are renumbered to be e. and f., respectively): "d. follows:"4.4 To the extent permitted by applicable law, the Board of Directors or Committee may from time to time delegate to a committee of one or more members of the Board of Directors or one or more executive officers of the Company the authority to grant or amend Awards; provided, however, that in no event shall an executive officer be delegated the authority to grant awards to, or amend awards held by, the following individuals: (a) individuals who are subject to Section 16 of the Exchange Act or Act, (b) executive officers of the Company (or Directors) to whom authority to grant or amend Awards has been delegated hereunder. Any delegation hereunder shall be subject to the restrictions and limits that the Board of Directors or Committee specifies at the time of such delegation, and the Board of Directors may at any time rescind the authority so delegated or appoint a new delegatee. At all times, the delegatee appointed under this Section 4(d) 4.4 shall serve in such capacity at the pleasure of the Board of Directors and the Committee."2. Effect on the Plan. Except as specifically amended by this Amendment, the Plan shall remain in full force and effect.3. Governing Law. This Amendment shall be governed by and construed according to the laws of the State of Delaware without regard to its principles of conflict of laws. View More
Amendment to Section. The first sentence of Section 2.6(b) of the Agreement is hereby deleted and substituted therefore is the following: "The Parties hereby confirm, covenant and agree to treat the Partnership Merger, for all income tax purposes, as a contribution of assets by the Company Operating Partnership to the Sutherland Operating Partnership in return for Sutherland OP Units, followed by a liquidation of the Company Operating Partnership and a distribution of the Sutherland OP Units held by the Company Opera...ting Partnership to the holders of the Company OP Units." SECTION 2. Reference to and Effect in the Agreement. (a) Upon the effectiveness of this Amendment, each reference in the Agreement to "this Agreement", "hereunder", "hereof" or words of like import referring to the Agreement shall mean and be a reference to the Agreement as amended hereby. (b) Except as specifically amended herein, the Agreement shall continue to be in full force and effect and are hereby in all respects ratified and confirmed, and the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of any party under the Agreement. SECTION 3. Counterparts. This Amendment may be executed in counterparts, each of which shall be deemed an original and all of which together shall be deemed one and the same agreement, and shall become effective when one or more counterparts have been signed by each of the Parties and delivered (by telecopy, electronic delivery or otherwise) to the other Parties. Signatures to this Amendment transmitted by facsimile transmission, by electronic mail in "portable document form" ("pdf"), or by any other electronic means intended to preserve the original graphic and pictorial appearance of a document, will have the same effect as physical delivery of the paper document bearing the original signature. SECTION 4. Governing Law. This Amendment shall be governed by, and construed in accordance with, the laws of the State of Maryland without giving effect to its conflicts of laws principles (whether the State of Maryland or any other jurisdiction that would cause the application of the Laws of any jurisdiction other than the State of Maryland).View More
Amendment to Section. (a) The first sentence definition of "Tender Offer Price" in Section 2.6(b) 1.1(a) of the Agreement is hereby deleted amended and substituted therefore is the following: "The Parties hereby confirm, covenant and agree to treat the Partnership Merger, for all income tax purposes, restated as a contribution of assets by follows: "Tender Offer Price" means the Company Operating Partnership Adjusted Book Value Per Share, adjusted to reflect the items set forth on Exhibit J, and then rounded to the S...utherland Operating Partnership nearest whole cent. (b) The definition of "Waterfall Management Agreement" in return for Sutherland OP Units, followed by a liquidation Section 1.1(a) of the Agreement is hereby amended and restated as follows: "Waterfall Management Agreement" means the Amended and Restated Management Agreement, dated as of May 9, 2016 between Company, Company Operating Partnership Partnership, certain Company Subsidiaries and a distribution of the Sutherland OP Units held by the Company Operating Partnership Subsidiaries party thereto, and Waterfall. 1 SECTION 2. Amendment to Exhibit B-1. Exhibit B-1 (Waterfall Management Agreement) to the holders of Agreement is hereby amended and restated in its entirety in the Company OP Units." form attached as Annex I. SECTION 2. 3. Amendment to Exhibit F. Exhibit F (Surviving Partnership Agreement) to the Agreement is hereby amended and restated in its entirety in the form attached as Annex II. SECTION 4. Reference to and Effect in the Agreement. (a) Upon the effectiveness of this Amendment, each reference in the Agreement to "this Agreement", "hereunder", "hereof" or words of like import referring to the Agreement shall mean and be a reference to the Agreement as amended hereby. (b) Except as specifically amended herein, the Agreement shall continue to be in full force and effect and are hereby in all respects ratified and confirmed, and the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of any party under the Agreement. SECTION 3. 5. Counterparts. This Amendment may be executed in counterparts, each of which shall be deemed an original and all of which together shall be deemed one and the same agreement, and shall become effective when one or more counterparts have been signed by each of the Parties and delivered (by telecopy, electronic delivery or otherwise) to the other Parties. Signatures to this Amendment transmitted by facsimile transmission, by electronic mail in "portable document form" ("pdf"), or by any other electronic means intended to preserve the original graphic and pictorial appearance of a document, will have the same effect as physical delivery of the paper document bearing the original signature. SECTION 4. 6. Governing Law. This Amendment shall be governed by, and construed in accordance with, the laws of the State of Maryland without giving effect to its conflicts of laws principles (whether the State of Maryland or any other jurisdiction that would cause the application of the Laws of any jurisdiction other than the State of Maryland). View More
Amendment to Section. Section 1 of the Employment Agreement shall be deleted in its entirety and replaced with the following: "1. Employment Period. The Company hereby employs Executive, and Executive hereby accepts such employment, upon the terms and conditions hereinafter set forth. Subject to termination as provided herein, the initial term of Executive's employment hereunder shall continue through August 31, 2014 (the "Initial Term"). Upon expiration of the Initial Term and each Renewal Term, this Agreement will ...automatically renew for subsequent one (1) year terms (each a "Renewal Term") until such time that Executive's employment is terminated in accordance with this Agreement. The Initial Term and each subsequent Renewal Term are referred to collectively as the "Employment Period". Executive and the Company acknowledge that, except as may otherwise be provided by this Agreement or under any other written agreement between Executive and the Company, the employment of Executive by the Company is "at will" and Executive's employment may be terminated by either Executive or the Company at any time for any reason, or no reason.View More
Amendment to Section. Section 1 of the Employment Agreement shall be deleted in its entirety and replaced with the following: "1. Employment Period. The Company hereby employs Executive, and Executive hereby accepts such employment, upon the terms and conditions hereinafter set forth. Subject to termination as provided herein, the initial term of Executive's employment hereunder shall continue through August 31, 2014 (the "Initial Term"). Upon expiration of the Initial Term and each Renewal Term, this Agreement will ...automatically renew for subsequent one (1) year terms (each a "Renewal Term") until unless either the Company or Executive provides ninety (90) days' advance written notice to the other party that such time party does not wish to renew the Agreement for a subsequent Renewal Term; provided that Executive's employment is terminated in accordance with for the Renewal Term from September 1, 2016 through August 31, 2017, if either the Company or Executive does not wish to renew the Agreement for such Renewal Term, either the Company or Executive must provide written notice to the other party on or before July 2, 2016. In the event either party gives notice of nonrenewal pursuant to this Agreement. Section 1, this Agreement will expire at the end of the then current term. The Initial Term and each subsequent Renewal Term are referred to collectively as the "Employment Period". Executive and the Company acknowledge that, except as may otherwise be provided by this Agreement or under any other written agreement between Executive and the Company, the employment of Executive by the Company is "at will" and Executive's employment may be terminated by either Executive or the Company at any time for any reason, or no reason. reason." 2. No Other Changes. Except as modified or supplemented by this Amendment, the Employment Agreement remains unmodified and in full force and effect. View More
