Effective Date and Term Contract Clauses (128)

Effective Date and Term. This Agreement will take effect as of (B) ("Effective Date"), and will remain in effect during Executive's Employment (as defined in Section 2) and thereafter as to those provisions that expressly state that they will remain in effect after termination of Executive's employment.

Effective Date and Term. This Agreement will take effect as of the Effective Time of the Corporation's acquisition of Talmer Bancorp, Inc. ("Talmer"), as defined in the Agreement and Plan of Merger dated as of January 25, 2016, between Chemical and Talmer (the "Merger Agreement") ("Effective Date"). If the merger of the Corporation and Talmer does not close, this Agreement shall be null and void. The initial term of this Agreement shall be two years, and, at the end of the initial term, the term shall automatically be e...xtended by another year on each anniversary of the Effective Date unless either party gives the other notice (as provided in Section 15) of intention to terminate this Agreement at least thirty (30) days before an anniversary of the Effective Date, in which case this Agreement shall terminate at the end of the then-current term without any further extension; provided, however, that: (a) except for termination as provided above pursuant to notice from Executive to the Corporation, this Agreement will not terminate during an "Active Change in Control Proposal Period" (as defined in Section 10), even if the Corporation has given Executive notice of intention to terminate this Agreement; (b) except for termination as provided above pursuant to notice from Executive to the Corporation, upon the occurrence of a "Change in Control" (as defined in Section 9), the term of this Agreement shall automatically be extended until the second anniversary of the effective date of the Change in Control, even if the Corporation has given notice of intention to terminate this Agreement; and (c) termination of this Agreement shall not affect the obligations of either party accrued before termination of this Agreement, including Executive's obligations under Sections 11, 12 and 13. View More

Effective Date and Term. The effective time of this Agreement shall be as of July 26, 2021 (the "Effective Date") and such employment shall continue thereafter in full force and effect until terminated in accordance with the provisions of this Agreement. The obligations and agreements of the Employee pursuant to Sections 8.7, 10.2, 10.3, 11, 12 and 13 hereof shall survive the termination of this Agreement for any reason.

Effective Date and Term. This Bonus Plan ("Plan") shall be effective as of January 1, 2018, and is effective for calendar year 2018 ("Eligibility Period"), unless otherwise amended or terminated earlier by Facebook, Inc. ("Facebook" or the "Company") in accordance with Section 6 of the Plan. The Plan supersedes all prior bonus plans, except those set forth in an individual written bonus arrangement with an individual employee in which case this Plan shall not apply. Any other such bonus plan is hereby terminated.2. Admi...nistration. The Plan shall be administered by the Compensation and Governance Committee of the Company's Board of Directors ("Plan Administrator"), which shall have the discretionary authority to interpret and administer the Plan, including all terms defined herein, and to adopt rules and regulations to implement the Plan, as it deems necessary. In addition, the Plan Administrator hereby delegates to the Company's CFO and the VP of Human Resources (such individuals, the "Executive Administrators" and together with the Plan Administrator, the "Administrators") the day-to-day implementation and interpretation of the Plan, including the approval of individual payouts under the Plan to employees other than to its "executive officers" (as determined by the Company's Board of Directors ("Board") for purposes of Section 16 under the Securities Exchange Act of 1934).Notwithstanding the foregoing, the approval of the Plan Administrator or the Board shall be required for the approval of the Plan itself, any early termination and material amendments to the Plan; determination of the Company Performance Percentage (as defined below) under the Plan; approval of the aggregate payout under the Plan; and approval of individual payouts under the Plan to Facebook's executive officers. Any action that requires the approval of the Executive Administrators must be jointly approved by both the Company's CFO and the VP of Human Resources, and any action that requires the approval of the Executive Administrators may instead also be approved by the Plan Administrator or the Board. The decisions of the Administrators are final and binding.3. Eligibility. Participation in the Plan is limited to Full-Time regular and Part-Time regular employees of Facebook or its subsidiaries1 who are employed by Facebook or a subsidiary on or before December 31, 2018. Participation in the Plan is effective on the later of January 1, 2018 or the day, during the Eligibility Period, the participant commences employment as a Full-Time regular or Part-Time regular employee of Facebook or a subsidiary. An individual who may otherwise be a participant may be considered ineligible to participate in the Plan at any time and for any reason at the Administrators' discretion regardless of whether the individual remains a Full Time regular or Part-Time regular employee of the Company.______________________1 For purposes of this Plan, an eligible employee includes only individuals that the Company or a subsidiary treats as an employee for employment tax purposes. Interns, contingent workers, agency workers, contractors, and other workers (including any such individuals who are for any reason later re-characterized as employees), are not eligible. Temporary, fixed term or short term employees are not eligible to participate in this Plan, unless specifically provided for in the individual's offer letter. In some jurisdictions outside the U.S., temporary, fixed term or short term employees may be eligible for a separate bonus program, pursuant to terms in the individual's offer letter. An otherwise eligible individual is no longer eligible for any Plan bonus if the individual resigns his/her employment or his/her employment is terminated for any reason any time before the bonus is paid pursuant to Section 5 below. One of the key purposes of this Plan is to encourage employee retention through and until the date(s) bonuses under this Plan are paid. View More