Grouped Into 7 Collections of Similar Clauses From Business Contracts
This page contains Effective Date Term clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Effective Date Term. This Agreement shall become effective on the Effective Date and continue until the second (2nd) anniversary of the Effective Date (the "Initial Term"). Thereafter, the Agreement shall renew automatically for successive one (1) year periods unless and until either party provides written notice to the other party of the intent not to renew the Agreement at least one hundred twenty (120) days prior to the end of the Initial Term or any subsequent one (1) year term (each a "Renewal Term," and the In...itial Term and any Renewal Term(s), if any, thereafter, during which the Executive's employment shall continue are collectively referred to herein as the "Term"). The expiration of the Agreement due to the Company's notice of non-renewal shall not be considered a termination of Executive by the Company for other than Cause. Rather, if the Initial Term or any subsequent one-year Renewal Term expires as a result of a notice of non-renewal by either party, then the Term will end and, if Executive remains employed with the Company thereafter, Executive will be an at-will employee of the Company subject to the terms and conditions of employment established by the Company from time to time during the period that Executive remains employed with the Company.View More
Effective Date Term. This Agreement shall become effective on the Effective Date and continue until the second (2nd) anniversary of the Effective Date (the "Initial Term"). Thereafter, the Agreement shall renew automatically for successive one (1) year periods unless and until either party provides written notice to the other party of the intent not to renew the Agreement at least one hundred twenty (120) days prior to the end of the Initial Term or any subsequent one (1) year one-year term (each a "Renewal Term," a...nd the (the Initial Term and any Renewal Term(s), the period, if any, thereafter, during which the Executive's employment shall continue are collectively referred to herein as the "Term"). The expiration of the Agreement due to the Company's notice of non-renewal shall not be considered a termination of Executive by the Company for other than Cause. Rather, if the Initial Term or any subsequent one-year Renewal Term expires as a result of a notice of non-renewal by either party, then the Term will end and, and if Executive remains employed with the Company thereafter, then Executive will be an at-will employee of the Company subject to the terms and conditions of employment established by the Company from time to time during the period that Executive remains employed with the Company. View More
Effective Date Term. (a) Effective Date. This Agreement shall be effective as of October 2, 2019 (the "Effective Date"). (a) Term. Upon the terms and subject to the conditions set forth in this Agreement, the Company hereby employs Executive, and Executive hereby accepts such employment, for the term commencing on the Effective Date and, unless otherwise earlier terminated pursuant to Section 4 hereof, expiring on the close of business on December 31, 2020 (the "Term"). If the Term expires and the parties agree that... Executive will remain employed by the Company but do not enter into a new employment agreement, then such employment shall be at-will and this Agreement will be of no further force and effect, except that Section 6 hereof, as well as any other provisions of this Agreement necessary to interpret or enforce Section 6 hereof, shall survive and continue to be in full force and effect in accordance with their terms.View More
Effective Date Term. (a) Effective Date. This Agreement shall be effective as of October 2, 2019 29, 2018 (the "Effective Date"). (a) (b) Term. Upon the terms and subject to the conditions set forth in this Agreement, the Company Employer hereby employs Executive, and Executive hereby accepts such employment, for the term commencing on the Effective Date and, unless otherwise earlier terminated pursuant to Section 4 hereof, expiring on the close of business on December 31, 2020 the second (2nd) anniversary of the Ef...fective Date (the "Term"). If the Term expires and the parties agree that Executive will remain employed by the Company Employer but do not enter into a new employment agreement, then such employment shall be at-will and this Agreement will be of no further force and effect, except that Section 6 hereof, as well as any other provisions of this Agreement necessary to interpret or enforce Section 6 hereof, shall survive and continue to be in full force and effect in accordance with their terms. View More
Effective Date Term. Upon the terms and subject to the conditions set forth in this Agreement, the Bank hereby employs Executive, and Executive hereby accepts such employment, for the term commencing on the Effective Date and, unless otherwise earlier terminated pursuant to Section 4 hereof, the close of business on the third anniversary of the Effective Date (the "Term"). The third anniversary of the Effective Date is referred to herein as the "Term End Date." Beginning on Term End Date and on each anniversary of t...he Term End Date thereafter, the Term shall, without further action by Executive or the Bank, be extended by an additional one-year period; provided, however, that either party may cause the Term to cease to extend automatically, by giving written notice to the other not less than sixty (60) days prior to the scheduled expiration of the Term. Upon such notice, the Term shall terminate upon the expiration of, as applicable, the Term End Date or the then-current one-year extension period. Notwithstanding the foregoing, if a Change in Control (as defined in Exhibit A attached hereto) occurs during the Term, then, on the effective date of the Change in Control, the Term shall, without further action by Executive or the Bank, be extended by an additional three-year period. Thereafter, the Term shall be extended by an additional one-year period on each anniversary of the Change in Control instead of each anniversary of the Term End Date and the provisions regarding notice of non-extension shall apply to the anniversaries of the Change in Control rather than the anniversaries of the Term End Date.View More
Effective Date Term. Upon the terms and subject to the conditions set forth in this Agreement, the Bank Company hereby employs Executive, and Executive hereby accepts such employment, for the term commencing on the Effective Date and, unless otherwise earlier terminated pursuant to Section 4 5 hereof, the close of business ending at 11:59 p.m. Central Time on the third fifth anniversary of the Effective Date (the "Term"). The third fifth anniversary of the Effective Date is referred to herein as the "Term End Date."... Beginning on the Term End Date and on each anniversary of the Term End Date thereafter, the Term shall, without further action by Executive or the Bank, Company, be extended by an additional one-year period; period on the same terms and conditions as provided herein; provided, however, that either party may cause the Term to cease to extend automatically, automatically by giving written notice to the other not less than sixty (60) days prior to the scheduled expiration of the Term. Upon such notice, the Term shall terminate upon the expiration of, upon, as applicable, the Term End Date or the expiration of the then-current one-year extension period. Notwithstanding the foregoing, if a Change in Control (as defined in Exhibit A attached hereto) occurs during the Term, then, on the effective date of the Change in Control, the Term shall, without further action by Executive or the Bank, be extended by an additional three-year period. Thereafter, the Term shall be extended by an additional one-year period on each anniversary of the Change in Control instead of each anniversary of the Term End Date and the provisions regarding notice of non-extension shall apply to the anniversaries of the Change in Control rather than the anniversaries of the Term End Date.View More
Effective Date Term. This Agreement shall be effective as of the date hereof and shall remain effective until the end of the Severance Period (the "Term"). 2. Eligibility for Severance Benefits. The Employee shall receive the benefits provided for in Section 3 herein ("Severance Benefits") provided that: a. the Employee's employment with the Company is terminated by the Company without Cause (as defined below) a "Qualifying Termination"; and b. the Employee has complied and continues to comply with the restrictions ...and obligations set forth in Section 7 herein; and c. the Employee signs, and does not revoke, a valid general release of allclaims against the Company and its parents, subsidiaries, Affiliates (as defined in Section 7(a) herein), successors and assigns, and all such entities' respective current and former directors, officers, shareholders, members, partners, employees and agents in a form reasonably acceptable to the Company (the "Release"); and d. the Employee has not breached any of the provisions of the Release orany provisions of this Agreement, as determined by the Company. e. the Employee has not entered into a subsequent employment relationship. It is required that the Employee advise the Company in the event during the Severance period if they have accepted and the date that they began other employment. The paid severance will terminate at this point. For the purposes of this Agreement, "Cause" means, as determined by the Company, (i) conviction of or plea of nolo contendere to a felony by the Employee; (ii) acts of dishonesty by the Employee resulting or intending to result in personal gain or enrichment at the expense of the Company or its parents, subsidiaries or Affiliates; (iii) the Employee's material breach of any agreement between the Company and the Employee or other Company policies as may be in effect from time to time, as amended from time to time; (iv) conduct by the Employee in connection with his or her duties that is fraudulent, unlawful or grossly negligent, including, but not limited to, acts of discrimination; (v) engaging in personal conduct by the Employee (including but not limited to employee harassment or discrimination, the use or possession at work of any illegal controlled substance) which seriously discredits or damages the Company or its parents, subsidiaries or Affiliates; (vi) continuing failure by the Employee to adequately perform his or her duties or continuing inattention to such duties; or (vii) breach of the Employee's restrictions and obligations set forth in Section 7 herein before the Termination Date.View More
Effective Date Term. This Agreement shall be effective as of the date hereof and shall remain effective until the end of the Severance Period (the "Term"). 2. Eligibility for Severance Benefits. The Employee shall receive the benefits provided for in Section 3 herein ("Severance Benefits") provided that: a. the Employee's employment with the Company is terminated by the Company without Cause (as defined below) a "Qualifying Termination"; and b. the Employee has complied and continues to comply with the restrictions ...and obligations set forth in Section 7 herein; and c. the Employee signs, and does not revoke, a valid general release of allclaims against the Company and its parents, subsidiaries, Affiliates (as defined in Section 7(a) herein), successors and assigns, and all such entities' respective current and former directors, officers, shareholders, members, partners, employees and agents in a form reasonably acceptable to the Company (the "Release"); and d. the Employee has not breached any of the provisions of the Release orany provisions of this Agreement, as determined by the Company. e. the Employee has not entered into a subsequent employment relationship. It is required that the Employee advise the Company in the event during the Severance period if they have accepted and the date that they began other employment. The paid severance will terminate at this point. For the purposes of this Agreement, "Cause" means, as determined by the Company, (i) conviction of or plea of nolo contendere to a felony by the Employee; (ii) acts of dishonesty by the Employee resulting or intending to result in personal gain or enrichment at the expense of the Company or its parents, subsidiaries or Affiliates; (iii) the Employee's material breach of any agreement between the Company and the Employee or other Company policies as may be in effect from time to time, as amended from time to time; (iv) conduct by the Employee in connection with his or her duties that is fraudulent, unlawful or grossly negligent, including, but not limited to, acts of discrimination; (v) engaging in personal conduct by the Employee (including but not limited to employee harassment or discrimination, the use or possession at work of any illegal controlled substance) which seriously discredits or damages the Company or its parents, subsidiaries or Affiliates; (vi) continuing failure by the Employee to adequately perform his or her duties or continuing inattention to such duties; or (vii) breach of the Employee's restrictions and obligations set forth in Section 7 herein before the Termination Date. Exhibit 10.1 3. Severance Benefits. In the event of a Qualifying Termination in which the Employee satisfies the conditions set forth in Section 2, the Employee shall receive as of the effective date of the termination of the Employee's employment with the Company (the "Termination Date") the following Severance Benefits: a. Continued payment of Base Salary as in effect on the Termination Datefor a period of six (6) months after the Termination Date (the "Severance Period") (such continued payments, "Severance Payments"); and b. reimbursement of the cost of continuation coverage of group healthcoverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1986 ("COBRA") from the Termination Date until the earlier of (i) the last day of the Severance Period, or (ii) the date the Employee becomes eligible for group health benefits under a plan, policy or program of a subsequent employer, or (iii) the end of the Employee's eligibility period under COBRA; provided that the Employee is eligible for and elects such continuation coverage, and subject to the terms of the plan and applicable law. During any remaining period of continuation coverage, the Employee shall be responsible for the entire cost of such continuation coverage. No other amounts (including, without limitation, any unpaid bonuses or amounts under any other severance plan, policy or arrangement) or benefits shall be payable or owed to the Employee upon or after the Termination Date, unless otherwise provided for under this Agreement or as otherwise may be required by law. View More
Effective Date Term. This Agreement shall become effective on the Effective Date and continue until terminated as set forth in Section 4 hereof. Termination of this Agreement will not affect the rights or obligations of the parties hereunder arising out of, or relating to circumstances occurring prior to the termination of this Agreement, which rights and obligations will survive the termination of this Agreement.
Effective Date Term. This Agreement shall become effective on the Effective Date (immediately upon the effective retirement of the Company's current Chief Executive Officer, President and Board Chair) and continue until terminated as set forth in Section 4 hereof. Termination of this Agreement will not affect the rights or obligations of the parties hereunder arising out of, or relating to circumstances occurring prior to the termination of this Agreement, which rights and obligations will survive the termination of... this Agreement. View More
Effective Date Term. This Agreement shall become effective on the Effective Date and continue until the date that is two years after the Effective Date (the "Initial Term"). Thereafter, this Agreement shall renew automatically for successive one-year renewal periods unless and until either party provides written notice to the other party of the intent not to renew this Agreement at least 180 days prior to the end of the Initial Term or any subsequent term. The period between the Effective Date and the Termination Da...te shall be referred to herein as the "Employment Term." Expiration of this Agreement shall result in the termination of Executive's employment but will not affect the rights or obligations of the parties hereunder arising out of, or relating to, circumstances occurring prior to or as a result of the expiration of this Agreement, which rights and obligations will survive the expiration of this Agreement.View More
Effective Date Term. This Agreement shall become effective on the Effective Date and continue until the date that is two years one year after the Effective Date (the "Initial Term"). Thereafter, this Agreement shall renew automatically for successive one-year one year renewal periods unless and until either party provides written notice to the other party of the intent not to renew this Agreement at least 180 days prior to the end of the Initial Term or any subsequent term. The period between Notwithstanding the Eff...ective Date and foregoing, if a Change of Control occurs prior to the Termination Date end of the Initial Term or any subsequent term, this Agreement shall be referred to herein as extended automatically for a two year renewal period beginning on the "Employment Term." date of the Change of Control (a "Post-Change of Control Renewal Period"). Expiration of this Agreement shall result in the termination of Executive's employment but will not affect the rights or obligations of the parties hereunder arising out of, or relating to, circumstances occurring prior to or as a result of the expiration of this Agreement, which rights and obligations will survive the expiration of this Agreement. View More
Effective Date Term. This Agreement shall become effective on November 10, 2015 (the "Effective Date"). Executive's term of employment under this Agreement (such term of employment, as it may be extended or terminated, is herein referred to as the "Employment Term") shall be for a term commencing on the Effective Date and, unless terminated earlier as provided in Section 10 hereof, ending on the third anniversary of the Effective Date (the "Original Employment Term"); provided that the Employment Term shall be autom...atically extended, subject to earlier termination as provided in Section 10 hereof, for successive additional one (1) year periods (the "Additional Terms"), unless, at least 30 days prior to the end of the Original Employment Term or the then Additional Term, the Company or Executive has notified the other in writing that the Employment Term shall terminate at the end of the then current term.View More
Effective Date Term. This Agreement shall become effective on November 10, 2015 (the "Effective Date"). Executive's term of employment under this Agreement (such term of employment, as it may be extended or terminated, is herein referred to as the "Employment Term") shall be for a term commencing on the Effective Date and, unless terminated earlier as provided in Section 10 hereof, ending on the third anniversary of the Effective Date (the "Original Employment Term"); provided that the Employment Term shall be autom...atically extended, subject to earlier termination as provided in Section 10 hereof, for successive additional one (1) year periods (the "Additional Terms"), unless, at least 30 days prior to the end of the Original Employment Term or the then Additional Term, the Company or Executive has notified the other in writing that the Employment Term shall terminate at the end of the then current term. View More
