Term of Agreement Contract Clauses (1,799)

Term of Agreement. The initial term of this Agreement shall be for a period of three years, commencing on the effective date. On the first anniversary of the effective date of this Agreement and on each anniversary thereafter, this Agreement shall be extended automatically for one additional year, unless Middlefield's board of directors gives notice to the Executive in writing at least 90 days before the anniversary that the term of this Agreement will not be extended. If the board of directors determines not to e...xtend the term, it shall promptly notify the Executive. References herein to the term of this Agreement mean the initial term and extensions of the initial term. If the board of directors decides not to extend the term of this Agreement, this Agreement shall nevertheless remain in force until its term expires. View More

Term of Agreement. This Agreement shall take effect upon the Effective Date and shall expire upon the first to occur of (a) the expiration of the Term (as defined below) if a Change in Control has not occurred during the Term, (b) the date 12 months after the Change in Control Date, if the Executive is still employed by the Company as of such later date, or (c) the fulfillment by the Company of all of its obligations under Sections 4 and 5 if the Executive's employment with the Company terminates during the Term o...r within 12 months following the Change in Control Date. "Term" shall mean the period commencing as of the Effective Date and continuing in effect through December 31, 2019; provided, however, that commencing on January 1, 2020 and each January 1 thereafter, the Term shall be automatically extended for one additional year unless, not later than 90 days prior to the scheduled expiration of the Term (or any extension thereof), the Company shall have given the Executive written notice that the Term will not be extended. View More

Term of Agreement. This Agreement shall be in effect from January 16, 2015 "Beginning Date"), and end on the earlier of ("End Date"): (a) The date upon which approval of a Financing Program for the construction of the Mt. Hope Project is made by the Company's Board of Directors; (b) The occurrence date of a "Change of Control", as later defined herein; (c) The date of an involuntary termination of Employee from the Company, absent "Cause", as later defined herein, by the Company; or (d) January 15, 2016.

Term of Agreement. The initial term of Executive's employment under this Agreement shall commence on the Effective Date and end on December 31, 2019; provided that unless notice of termination has been provided in accordance with Paragraph 8(a) at least sixty (60) days prior to the expiration of the initial term or any additional twelve (12) month term (as provided below), or unless this Agreement is otherwise terminated in accordance with the terms of this Agreement, this Agreement shall automatically be extended... for additional twelve (12) month periods (the "Term"). View More

Term of Agreement. (a) The term of this Agreement shall consist of: (i) the period commencing on the Effective Date and ending February 6, 2018, plus (ii) any and all extensions of the initial term made pursuant to this Section 4. (b) Commencing on February 6, 2017 (the "anniversary date") and continuing on each anniversary date thereafter, the disinterested members of the Board of Directors of the Bank may extend the Agreement term, so that the remaining term of the Agreement, following Board action, will be two ...(2) years, unless Executive elects not to extend the term of this Agreement by giving proper written notice. The Board of Directors of the Bank will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement term and will include the rationale and results of its review in the minutes of the meetings. The Board of Directors of the Bank will notify Executive as soon as possible after each annual review whether it has determined to extend the Agreement. View More

Term of Agreement. This Agreement shall be in full force and effect commencing on February 12, 2021 and shall remain in effect for three (3) months or until the Company's Registration Statement on Form S-1 (the "Registration Statement") is filed with the SEC. Either Party shall have the right to terminate this Agreement without notice in the event of the bankruptcy, insolvency, or assignment for the benefit of creditors of the other Party. Either Party shall have the right to terminate this Agreement with notice, ...and the effective date of termination shall be the date such notice is received (by mail, overnight delivery, or fax) by the terminated Party. View More

Term of Agreement. This Agreement shall commence as of the date hereof, and shall continue in effect through December 31, 2017; provided, however, the term of this Agreement shall automatically be extended for one additional year commencing on January 1, 2018, and each January 1 thereafter, unless, not later than June 30 of the preceding year, the Company shall have given notice that it does not wish to extend this Agreement; provided, further, that, notwithstanding any such notice by the Company not to extend, if... a Change in Control shall have occurred during the original or any extended term of this Agreement, this Agreement shall continue in effect for a period of forty‐eight (48) months beyond the expiration of the term in effect immediately before such Change in Control. View More

Term of Agreement. This Agreement shall be effective on the Effective Date. The initial term of the Executive's employment shall be for the period set forth on Exhibit A attached hereto (the "Initial Term"); provided that, at the end of the Initial Term, this Agreement shall automatically renew for successive one (1) year terms (each, a "Renewal Term" and collectively with the Initial Term, the "Term"), unless either party provides written notice to the other no less than sixty (60) days prior to the commencement ...of such Renewal Term, setting forth a desire to terminate this Agreement. The Employee's employment shall terminate upon a non-renewal of the Term. View More

Term of Agreement. This Agreement shall terminate upon the later of (i) January 1, 2018 or (ii) if Employee is terminated involuntarily by Company without Cause prior to January 1, 2018, the date that all of the obligations of the parties hereto with respect to this Agreement have been satisfied.

Term of Agreement. Subject to the provision for early termination set forth below in Section 5 of this Agreement, this Agreement shall commence as of the Effective Date and shall continue for a period of twelve (12) months from the Effective Date (the "Term"). Either Party may terminate this Agreement without cause with 10-days' prior written notice.