Term of Agreement Contract Clauses (1,799)

Term of Agreement. The term of this Agreement will commence on the Effective Date. There shall be no definite term of employment, and Executive shall be an employee at will. This Agreement will terminate upon the occurrence of a "Termination Event" subject to, and in accordance with, Section 10, or earlier termination pursuant to Section 11.

Term of Agreement. The Company hereby agrees to retain the Consultant as a consultant, and the Consultant hereby agrees to be retained by the Company, upon the terms and subject to the conditions hereof for the period commencing on January 1, 2014, (the "Effective Date") and ending on December 31, 2016 (the "Consulting Period").

Term of Agreement. The Term of this Agreement shall commence on the Effective Date and shall continue in effect through the third anniversary of the Effective Date; provided, however, that on each anniversary of the Effective Date during the Term of this Agreement, the Term shall automatically be extended for one additional year unless, not later than 90 days prior to any such anniversary, the Company or the Executive shall have given notice not to extend the Term; and further provided, however, that if a Change i...n Control or a Potential Change in Control shall have occurred during the Term, the Term shall expire no earlier than twenty-four (24) months beyond the month in which such Change in Control or a Potential Change in Control occurred. View More

Term of Agreement. This Agreement and the Security Interest shall terminate on the date on which all payments under the Notes have been made in full and all other Obligations have been paid or discharged. Upon such termination, the Secured Party, at the request and at the expense of the Company, will join in executing any termination statement with respect to any financing statement executed and filed pursuant to this Agreement.

Term of Agreement. This Agreement shall remain in effect from the Effective Date until the earlier of: (a) The date when Executive's employment with the Company terminates for any reason not described in Section 3; or (b) The date when the Company or successor has met all of its obligations under this Agreement following a termination of Executive's employment with the Company or successor to the Company.

Term of Agreement. (a) This Agreement is subject to and conditioned upon the closing of the Merger and shall commence on and as of the effective time of the Merger (the "Effective Date"). The initial terms and conditions of employment of Executive with the Companies are set forth on Exhibit B hereto. Executive and PROASSURANCE agree that this Agreement shall not be revoked or rescinded by either party prior to the Effective Date, except that this Agreement shall be terminated automatically without any further acti...on on the part of Executive or the Companies if the Merger Agreement is terminated prior to the Effective Date. (b) This Agreement shall have an initial term commencing on the Effective Date and ending at the expiration of three years after the Effective Date (the "Initial Term"). Thereafter, this Agreement shall automatically be extended for successive terms of one year (each a "Renewal Term"), except that this Agreement shall not be renewed and, with the exception of Section 8 hereof, shall terminate automatically and without any action of the Companies or the Executive at the expiration of the term that includes the date when the Executive reaches 65 years of age. If not sooner terminated, any of the Companies may elect to terminate this Agreement at the expiration of the then current term by delivery of written notice of the termination of this Agreement at least six (6) months prior to the commencement of any Renewal Term. View More

Term of Agreement. This Agreement, and all rights and obligations of the pcu1ies hereunder, 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 termination of the Executive's employment with the Subsidiary prior to the expiration of the Term, other than by reason of a termination by the Subsidiary without Cause or a termination of the Executive's employment by reason ...of a Disability prior to the occurrence of a Change in Control, (c) the fulfillment by the Company and the Subsidiary of all of its respective obligations under Section 3 if the Executive's employment with the Subsidiary is terminated without Cause prior to a Change in Control, (d) the date 12 months after the Change in Control Date, if the Executive is still employed by the Subsidiary as of such later date, or (e) the fulfillment by the Company and the Subsidiary of all of its obligations under Section 4 if the Executive's employment with the Subsidiary terminates 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, 2014. View More

Term of Agreement. (a) Three Year Term, Annual Renewal. The period of this Agreement shall be deemed to have commenced as of the date first above written and shall continue for a period of thirty-six (36) full calendar months thereafter. Commencing on the date of the first regularly scheduled meeting of the Compensation Committee of the Board of Directors of the Employers (the "Board") in each new calendar year, and continuing annually on each such first yearly meeting date of the Compensation Committee (each such... date being a "Renewal Date"), the Compensation Committee may act to extend the term of this Agreement for an additional year, such that the remaining term of this Agreement will be three years, unless written notice of non-renewal is provided to the Executive by the Board at least thirty (30) days prior to any such Renewal Date, in which case the term of this Agreement will become fixed and will terminate at the end of the three (3) year period following the last Renewal Date when this Agreement was so extended. Prior to each Renewal Date, the Compensation Committee of the Board will review a performance evaluation of Executive for purposes of determining whether to allow this Agreement to automatically extend, and the results thereof will be included in the minutes of the Board's meeting on or next following the Renewal Date. (b) Notwithstanding the foregoing, if a Change in Control occurs during the term of this Agreement, the term of this Agreement shall automatically be extended for three years after the date of the Change in Control. View More

Term of Agreement. This Agreement shall be in effect from September 7, 2013 ("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 Executive from the Company, absent "Cause", as later defined herein, by the Company; or d. January 15, 2015. 1 2. Reduc...tion to Base Salary. Company and Executive agree that during the Term of this Agreement, Executive's current annual base salary of $312,700 shall be reduced by 20% to a new base salary of $250,160. Company and Executive agree that this reduction to base salary will not constitute a material diminution of Base Compensation as set forth in Executive's Amended and Restated Employment Agreement. View More

Term of Agreement. This Agreement shall commence on March 1, 2013 and terminate on July 31, 2013, if not terminated earlier under Subsection (c) below. (b) Fees and Expenses. Upon the termination of this Agreement under Subsection (a) or (c), the Consultant shall only be entitled to the accrued and earned portion of his or her fee and to reimbursement of expenses which were incurred before the termination becomes effective and which are reimbursable under Section 4(a) below. (c) Termination Upon Notice. This Agree...ment may be terminated at any time by the Consultant or by the Company by giving the other party 30 days' advance notice in writing. View More