Grouped Into 2 Collections of Similar Clauses From Business Contracts
This page contains Contract Period clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Contract Period. The term of your employment under this Agreement shall begin on the Closing Date (as defined in that Agreement and Plan of Merger (the "Merger Agreement") by and between CBS and Viacom) (the "Effective Date") and, unless terminated earlier as set forth herein, shall continue through and including the third (3rd) anniversary of the Effective Date. The period from the Effective Date through the third (3rd) anniversary of the Effective Date is referred to as the "Contract Period", even if your empl...oyment terminates earlier for any reason. Notwithstanding anything herein to the contrary, this Agreement shall be null and void ab initio if the Merger Agreement is terminated prior to the Closing Date or if you terminate employment with Viacom and its subsidiaries prior to the Closing Date. This Agreement shall be automatically assumed by ViacomCBS Inc. upon the Closing Date.View More
Contract Period. The term of your employment under this Agreement shall begin on the Closing Date (as defined in that Agreement and Plan of Merger (the "Merger Agreement") by and between CBS and Viacom) Viacom (the "Effective Date") and, unless terminated earlier as set forth herein, shall continue through and including the fourth (4th) anniversary of the Effective Date. The term of your employment shall be automatically extended (without the necessity of further action by the parties hereto) by one (1) year on ...the third (3rd) anniversary of the Effective Date. Date, and each successive anniversary thereafter, if neither party notified the other party in writing at least one hundred twenty (120) days prior to such third (3rd) anniversary date (or, if applicable, a succeeding anniversary date) that it does not wish to extend the term of your employment. The period from the Effective Date through the third (3rd) fourth anniversary of the Effective Date (or such later date through which the term of your employment is extended) is referred to as the "Contract Period", even if your employment terminates earlier for any reason. Notwithstanding anything herein to the contrary, this Agreement shall be null and void ab initio if the Merger Agreement is terminated prior to the Closing Date or if you terminate employment with Viacom and its subsidiaries prior to the Closing Date. This Agreement shall be automatically assumed by ViacomCBS Inc. upon the Closing Date. View More
Contract Period. The term of your employment under this Agreement shall begin on November 14, 2016 (the "Effective Date") and, unless terminated earlier as set forth herein, shall continue through and including September 30, 2020. The period from the Effective Date through September 30, 2020 is referred to as the "Contract Period", even if your employment terminates earlier for any reason.2. Duties. You shall devote your entire business time, attention and energies to the business of the Company during your empl...oyment with the Company. You shall be Executive Vice President, Global Government Affairs of the Company, and you shall perform all duties reasonable and consistent with such office as may be assigned to you from time to time by the Company's President and Chief Executive Officer ("CEO") or the Company's Chief Operating Officer ("COO"). Your principal place of business shall be in the Washington D.C. metropolitan area.3. Compensation.(a) Salary. The Company shall pay you base salary (as may be increased, "Salary") at a rate of Eight Hundred Fifty Thousand Dollars ($850,000) per year from the Effective Date through December 31, 2016, and at a rate of Eight Hundred Eighty-Five Thousand Dollars ($885,000) per year effective January 1, 2017 for all of your services as an employee. Your Salary shall be subject to merit reviews, on or about an annual basis, while you are actively employed during the Contract Period and may at that time, be increased but not decreased. Your Salary, less deductions and income and payroll tax withholding as may be required under applicable law, shall be payable in accordance with the Company's ordinary payroll policy, but no less frequently than monthly.(b) Bonus. You also shall be eligible to earn a bonus ("Bonus") or a Pro-Rated Bonus (as defined in paragraph 19(e)(ii)), as applicable, determined as set forth below and in paragraph 19(e)(ii). (i)Your Bonus for each Company fiscal year, regardless of whether such fiscal year is a 12-month period or a shorter period of time, shall be determined in accordance with the Viacom Inc. Short-Term Incentive Plan, as it may be amended from time to time (the "STIP"). (ii)Your target Bonus for each Company fiscal year during the Contract Period shall be 80% of your Salary (your "Target Bonus") and shall be adjusted based on the Company's performance (the "Company Performance Factor") and your DeDe LeaAs of November 14, 2016Page 2 individual performance (the "Individual Performance Factor"), in each case as determined by the Company and as further provided in the STIP. (c) Long-Term Incentive Compensation. During your employment under this Agreement, you shall be eligible to participate in the Viacom Inc. 2016 Long-Term Management Incentive Plan, or any successor plan, at a level appropriate to your position and individual performance as determined by the Viacom Inc. Board of Directors (the "Board") or a committee of the Board, in its discretion, based on a target value of Seven Hundred Thousand Dollars ($700,000), determined and modified by the CEO and, as required, the Board or a committee of the Board. (d) Compensation During Short-Term Disability. Your compensation for any period that you are absent due to a short-term disability ("STD") and are receiving compensation under a Viacom STD plan shall be determined in accordance with the terms of such STD plan. The compensation provided to you under the applicable STD plan shall be in lieu of the Salary provided under this Agreement. Your participation in any other Viacom benefit plans or programs shall be governed by the terms of the applicable plan or program documents, award agreements and certificates.View More
Contract Period. The term of your employment under this Agreement shall begin on November 14, 2016 April 15, 2017 (the "Effective Date") and, unless terminated earlier as set forth herein, shall continue through and including September 30, April 14, 2020. The period from the Effective Date through September 30, April 14, 2020 is referred to as the "Contract Period", even if your employment terminates earlier for any reason.2. Duties. You shall devote your entire business time, attention and energies to the busin...ess of the Company during your employment with the Company. You shall be Executive Vice President, Global Government Affairs General Counsel and Secretary of the Company, and you shall perform all duties reasonable and consistent with such office as may be assigned to you from time to time by the Company's Executive Vice President, Chief Administrative Officer and President and Chief Executive Officer ("CEO") Officer, or other individual designated by the Company's President and Chief Operating Officer ("COO"). Your principal place of business shall be in the Washington D.C. metropolitan area.3. Executive Officer.3. Compensation.(a) Salary. The Company shall pay you base salary (as may be increased, "Salary") at a rate of Eight Hundred Fifty Thousand One Million Dollars ($850,000) ($1,000,000) per year from the Effective Date through December 31, 2016, and at a rate of Eight Hundred Eighty-Five Thousand Dollars ($885,000) per year effective January 1, 2017 for all of your services as an employee. Your Salary shall be subject to merit reviews, on or about an annual basis, while you are actively employed during the Contract Period and may may, at that time, be increased but not decreased. Your Salary, less deductions and income and payroll tax withholding as may be required under applicable law, shall be payable in accordance with the Company's ordinary payroll policy, but no less frequently than monthly.(b) Bonus. You also shall be eligible to earn a bonus ("Bonus") or a Pro-Rated Bonus (as defined in paragraph 19(e)(ii)), as applicable, determined as set forth below and in paragraph 19(e)(ii). (i)Your Bonus for each Company fiscal year, regardless of whether such fiscal year is a 12-month period or a shorter period of time, shall be determined in accordance with the Viacom Inc. Senior Executive Short-Term Incentive Plan, as it may be amended from time to time (the "STIP"). (ii)Your target Bonus for each Company fiscal year during the Contract Period shall be 80% 100% of your Salary (your "Target Bonus") and shall be adjusted based on the Company's performance (the "Company Performance Factor") and your DeDe LeaAs of November 14, 2016Page 2 individual performance (the "Individual Performance Factor"), in each case as determined by the Company and as further provided in the STIP. Christa D'AlimonteMarch 9, 2017Page 2 (c) Long-Term Incentive Compensation. During your employment under this Agreement, you shall be eligible to participate in receive annual grants of long-term compensation under the Viacom Inc. 2016 Long-Term Management Incentive Plan, or any successor plan, at a level appropriate to your position and individual performance as determined by the Viacom Inc. Board of Directors (the "Board") or a committee of the Board, in its discretion, based on a with an expected target value of Seven Eight Hundred Thousand Dollars ($700,000), ($800,000), reasonably determined and modified by the CEO Chief Executive Officer of Viacom Inc. and, as if required, the Board or a committee of the Board. (d) Compensation During Short-Term Disability. Your compensation for any period that you are absent due to a short-term disability ("STD") and are receiving compensation under a Viacom STD plan shall be determined in accordance with the terms of such STD plan. The compensation provided to you under the applicable STD plan shall be in lieu of the Salary provided under this Agreement. Your participation in any other Viacom benefit plans or programs shall be governed by the terms of the applicable plan or program documents, award agreements and certificates. View More
