Term Clause Example with 6 Variations from Business Contracts

Term. (a) The term of Executive’s employment under this Agreement shall be effective commence on July December 1, 2020 2017 (the “Effective Date”), subject to Executive reporting to work on such date, and shall continue until June 30, 2023 December 31, 2020 (the “Initial Expiration Date”), provided that on the Initial Expiration Date and each subsequent anniversary of the Initial Expiration Date, the term of Executive’s employment under this Agreement shall be automatically extended for one additional... year unless either party provides written notice to the other party at least 180 days prior to the Initial Expiration Date (or any such anniversary, as applicable) that Executive’s employment hereunder shall not be so extended (in which case Executive’s employment and this Agreement shall terminate on the Initial Expiration Date or expiration of the extended term, as applicable); “Expiration Date”); provided, however, that Executive’s employment and under this Agreement may be terminated at any time pursuant to the provisions of Section 4. The period of time from the Effective Date through the termination of this Agreement and Executive’s employment hereunder pursuant to its terms is herein referred to as the “Term”; and “Term.” If, prior to the date on which Expiration Date, the Term is scheduled Company delivers notice to expire (i.e., the Initial Expiration Date or the scheduled expiration Executive of the extended term, if applicable) is herein referred Company’s intent to as negotiate the “Expiration Date”. renewal of this Agreement, Executive agrees to negotiate with the Company on an exclusive, good-faith basis concerning such renewal until the thirty-day anniversary of Executive’s receipt of such notice. (b) Executive agrees and acknowledges that the Company has no obligation to extend the Term or to continue Executive’s employment following the Expiration Date, and Executive expressly acknowledges that no promises or understandings to the contrary have been made or reached. Executive also agrees and acknowledges that, should Executive and the Company choose to continue Executive’s employment for any period of time following the Expiration Date without extending the term of Executive’s employment under this Agreement or entering into a new written employment agreement, Executive’s employment with the Company shall be “at will”, such that the Company may terminate Executive’s employment at any time, with or without reason and with or without notice, and Executive may resign at any time, with or without reason and with or without notice. (c) For purposes of this Agreement, the following terms, as used herein, shall have the definitions set forth below. “Affiliate” means, with respect to any specified Person, any other Person that directly or indirectly, through one or more intermediaries, Controls, is Controlled by, or is under common Control with, such specified Person, provided that, in any event, any business in which the Company has any direct or indirect ownership interest shall be treated as an Affiliate of the Company. “Change in Control” has the meaning set forth in the Plan. “Control” (including, with correlative meanings, the terms “Controlled by” and “under common Control with”), as used with respect to any Person, means the direct or indirect possession of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting securities, by contract or otherwise. “Governmental Entity” means any national, state, county, local, municipal or other government or any court of competent jurisdiction, administrative agency or commission or other governmental authority or instrumentality. “Person” means any individual, firm, corporation, partnership, limited liability company, trust, joint venture, association, Governmental Entity, unincorporated entity or other entity. “Plan” means the Hemisphere Media Group, Inc. Amended and Restated 2013 Equity Incentive Plan. View More

Term. (a) The term of Executive’s Employee’s employment under this Agreement shall be effective commence on July January 1, 2020 2016 (the “Effective Date”), and shall continue until June 30, 2023 2017 (the “Initial Expiration Date”), provided that on the Initial Expiration Date and each subsequent anniversary of the Initial Expiration Date, the term of Executive’s Employee’s employment under this Agreement shall may be automatically extended extended, in the Company’s sole option and discretion, for ...one (1) additional year unless either party provides written by giving notice to the other party at least 180 days prior to the Initial Expiration Date (or any such anniversary, as applicable) that Executive’s employment hereunder shall not be so extended (in which case Executive’s employment and this Agreement shall terminate on the Initial Expiration Date or expiration of the extended term, as applicable); Employee; provided, however, that Executive’s (i) Employee’s employment and under this Agreement may be terminated at any time pursuant to the provisions of Section 4 and (ii) failure to provide a notice of the Company’s option to extend the term of this Agreement shall be deemed an election not to extend the Term. The period of time from the Effective Date through the termination of this Agreement and Executive’s Employee’s employment hereunder pursuant to its terms is herein referred to as the “Term”; and the date on which the Term is scheduled to expire (i.e., the Initial Expiration Date or the scheduled expiration of the extended term, if applicable) is herein referred to as the “Expiration Date”. (b) Executive Employee agrees and acknowledges that the Company has no obligation to extend the Term or to continue Executive’s Employee’s employment following the Expiration Date, and Executive Employee expressly acknowledges that no promises or understandings to the contrary have been made or reached. Executive Employee also agrees and acknowledges that, should Executive Employee and the Company choose to continue Executive’s Employee’s employment for any period of time following the Expiration Date without extending the term of Executive’s Employee’s employment under this Agreement or entering into a new written employment agreement, Executive’s Employee’s employment with the Company shall be “at will”, such that the Company may terminate Executive’s Employee’s employment at any time, with or without reason and with or without notice, and Executive Employee may resign at any time, with or without reason and with or without notice. (c) For purposes of this Agreement, the following terms, as used herein, shall have the definitions set forth below. “Affiliate” means, with respect to any specified Person, any other Person that directly or indirectly, through one or more intermediaries, Controls, is Controlled by, or is under common Control with, such specified Person, provided that, in any event, any business in which the Company has any direct or indirect ownership interest shall be treated as an Affiliate of the Company. “Change in Control” has the meaning set forth in the Plan. “Control” (including, with correlative meanings, the terms “Controlled by” and “under common Control with”), as used with respect to any Person, means the direct or indirect possession of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting securities, by contract or otherwise. “Governmental Entity” means any national, state, county, local, municipal or other government or any court of competent jurisdiction, administrative agency or commission or other governmental authority or instrumentality. “Person” means any individual, firm, corporation, partnership, limited liability company, trust, joint venture, association, Governmental Entity, unincorporated entity or other entity. “Plan” means the Hemisphere Media Group, Inc. Amended and Restated 2013 Equity Incentive Plan. View More

Term. (a) The term of Executive’s Executive's employment under this Agreement shall be effective on July 1, 2020 the Closing (the “Effective Date”), "Effective Date"), and shall continue until June 30, 2023 the third (3rd) anniversary thereof (the “Initial "Initial Expiration Date”), Date"), provided that on the Initial Expiration Date and each subsequent anniversary of the Initial Expiration Date, the term of Executive’s Executive's employment under this Agreement shall be automatically extended for ...one additional year unless either party provides written notice to the other party at least 180 ninety (90) days prior to the Initial Expiration Date (or any such anniversary, as applicable) that Executive’s Executive' s employment hereunder shall not be so extended (in which case Executive’s Executive's employment and this Agreement shall terminate on the Initial Expiration Date or expiration of the extended term, as applicable); provided, however, that Executive’s Executive's employment and this Agreement may be terminated earlier at any time pursuant to the provisions of Section 4. 4; provided, further, that this Agreement shall be null and void ab initio and of no further force or effect if the Merger Agreement is terminated prior to the Closing or if the Closing does not occur. The period of time from the Effective Date through the termination of this Agreement and Executive’s Executive's employment hereunder pursuant to its terms is herein referred to as the “Term”; "Term"; and the date on which the Term is scheduled to expire (i.e., the Initial Expiration Date or the scheduled expiration of the extended term, if applicable) is herein referred to as the “Expiration Date”. (b) "Expiration Date". (a) Executive agrees and acknowledges that the Company has no obligation to extend the Term or to continue Executive’s Executive' s employment following the Expiration Date, and Executive expressly acknowledges that no promises or understandings to the contrary have been made or reached. Executive also agrees and acknowledges that, should Executive and the Company choose to continue Executive’s Executive's employment for any period of time following the Expiration Date without extending the term of Executive’s Executive's employment under this Agreement or entering into a new written employment agreement, Executive’s Executive's employment with the Company shall be “at will”, "at will", such that the Company may terminate Executive’s Executive's employment at any time, with or without reason and with or without notice, and Executive may resign at any time, with or without reason and with or without notice. (c) (b) For purposes of this Agreement, the following terms, as used herein, shall have the definitions set forth below. “Affiliate” "Affiliate" means, with respect to any specified Person, any other Person that directly or indirectly, through one or more intermediaries, Controls, is Controlled by, or is under common Control with, such specified Person, provided that, in any event, any business in which the Company has any direct or indirect ownership interest shall be treated as an Affiliate of the Company. “Change in Control” has the meaning set forth in the Plan. “Control” "Control" (including, with correlative meanings, the terms “Controlled by” "Controlled by" and “under "under common Control with”), with"), as used with respect to any Person, means the direct or indirect possession of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting securities, by contract or otherwise. “Governmental Entity” "Governmental Entity" means any national, state, county, local, municipal or other government or any court of competent jurisdiction, administrative agency or commission or other governmental authority or instrumentality. “Person” "Person" means any individual, firm, corporation, partnership, limited liability company, trust, joint venture, association, Governmental Entity, unincorporated entity or other entity. “Plan” means the Hemisphere Media Group, Inc. Amended and Restated 2013 Equity Incentive Plan. View More

Term. (a) The term of Executive’s employment under this Agreement shall be effective on July 1, 2020 (the “Effective Date”), and shall continue until June 30, 2023 (the “Initial Expiration Date”), provided that on the Initial Expiration Date and each subsequent anniversary of the Initial Expiration Date, the term of Executive’s employment under this Agreement shall be automatically extended for one additional year unless either party provides written notice to the other party at least 180 days prior t...o the Initial Expiration Date (or any such anniversary, as applicable) that Executive’s employment hereunder shall not be so extended (in which case Executive’s employment and this Agreement shall terminate on the Initial Expiration Date or expiration of the extended term, as applicable); provided, however, that Executive’s employment and this Agreement may be terminated at any time pursuant to the provisions of Section 4. The period of time from the Effective Date through the termination of this Agreement and Executive’s employment hereunder pursuant to its terms is herein referred to as the “Term”; and the date on which the Term is scheduled to expire (i.e., the Initial Expiration Date or the scheduled expiration of the extended term, if applicable) is herein referred to as the “Expiration Date”. (b) Executive agrees and acknowledges that the Company has no obligation to extend the Term or to continue Executive’s employment following the Expiration Date, and Executive expressly acknowledges that no promises or understandings to the contrary have been made or reached. Executive also agrees and acknowledges that, should Executive and the Company choose to continue Executive’s employment for any period of time following the Expiration Date without extending the term of Executive’s employment under this Agreement or entering into a new written employment agreement, Executive’s employment with the Company shall be “at will”, such that the Company may terminate Executive’s employment at any time, with or without reason and with or without notice, and Executive may resign at any time, with or without reason and with or without notice. (c) For purposes of this Agreement, the following terms, as used herein, shall have the definitions set forth below. “Affiliate” means, with respect to any specified Person, any other Person that directly or indirectly, through one or more intermediaries, Controls, is Controlled by, or is under common Control with, such specified Person, provided that, in any event, any business in which the Company has any direct or indirect ownership interest shall be treated as an Affiliate of the Company. “Change in Control” has the meaning set forth in the Plan. “Control” (including, with correlative meanings, the terms “Controlled by” and “under common Control with”), as used with respect to any Person, means the direct or indirect possession of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting securities, by contract or otherwise. “Governmental Entity” means any national, state, county, local, municipal or other government or any court of competent jurisdiction, administrative agency or commission or other governmental authority or instrumentality. “Person” means any individual, firm, corporation, partnership, limited liability company, trust, joint venture, association, Governmental Entity, unincorporated entity or other entity. “Plan” means the Hemisphere Media Group, Inc. Amended and Restated 2013 Equity Incentive Plan. View More

Term. (a) The term of Executive’s Executive's employment under this Agreement shall be effective on July 1, 2020 the Closing (the “Effective Date”), "Effective Date"), and shall continue until June 30, 2023 the third (3rd) anniversary thereof (the “Initial "Initial Expiration Date”), Date"), provided that on the Initial Expiration Date and each subsequent anniversary of the Initial Expiration Date, the term of Executive’s Executive's employment under this Agreement shall be automatically extended for ...one additional year unless either party provides written notice to the other party at .at least 180 ninety (90) days prior to the Initial Expiration Date (or any such anniversary, as applicable) that Executive’s Executive's employment hereunder shall not be so extended (in which case Executive’s Executive's employment and this Agreement shall terminate on the Initial Expiration Date or expiration of the extended term, as applicable); provided, however, that Executive’s Executive's employment and this Agreement may be terminated earlier at any time pursuant to the provisions of Section 4. 4; provided, further, that this Agreement shall be null and void ab initio and of no further force or effect if the Merger Agreement is terminated prior to the Closing or if the Closing does not occur. The period of time from the Effective Date through the termination of this Agreement and Executive’s Executive's employment hereunder pursuant to its terms is herein referred to as the “Term”; "Term"; and the date on which the Term is scheduled to expire (i.e., the Initial Expiration Date or the scheduled expiration of the extended term, if applicable) is herein referred to as the “Expiration Date”. "Expiration Date". (b) Executive agrees and acknowledges that the Company has no obligation to extend the Term or to continue Executive’s Executive's employment following the Expiration Date, and Executive expressly acknowledges that no promises or understandings to the contrary have been made or reached. Executive Executive. also agrees and acknowledges that, should Executive and the Company choose to continue Executive’s Executive's employment for any period of time following the Expiration Date without extending the term of Executive’s Executive's employment under this Agreement or entering into a new written employment agreement, Executive’s Executive's employment with the Company shall be “at will”, "at will", such that the Company may terminate Executive’s Executive's employment at any time, with or without reason and with or without notice, and Executive may resign at any time, with or without reason and with or without notice. (c) For purposes of this Agreement, the following terms, as used herein, shall have the definitions set forth below. “Affiliate” “Affiliate" means, with respect to any specified Person, any other Person that directly or indirectly, through one or more intermediaries, Controls, is Controlled by, or is under common Control with, such specified Person, provided that, in any event, any business in which the Company has any direct or indirect ownership interest shall be treated as an Affiliate of the Company. “Change in Control” has the meaning set forth in the Plan. “Control” "Control" (including, with correlative meanings, the terms “Controlled by” "Controlled by" and “under "under common Control with”), with"), as used with respect to any Person, means the direct or indirect possession of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting securities, by contract or otherwise. “Governmental Entity” "Governmental Entity" means any national, state, county, local, municipal or other government or any court of competent jurisdiction, administrative agency or commission or other governmental authority or instrumentality. “Person” "Person" means any individual, firm, corporation, partnership, limited liability company, trust, joint join venture, association, Governmental Entity, unincorporated entity or other entity. “Plan” means the Hemisphere Media Group, Inc. Amended and Restated 2013 Equity Incentive Plan. View More

Term. (a) The term of Executive’s employment under this Agreement shall be effective on July 1, 2020 April 9, 2019 (the “Effective Date”), and shall continue until June 30, 2023 April 9, 2022 (the “Initial Expiration Date”), provided that on the Initial Expiration Date and each subsequent anniversary of the Initial Expiration Date, the term of Executive’s employment under this Agreement shall be automatically extended for one additional year unless either party provides written notice to the other par...ty at least 180 days prior to the Initial Expiration Date (or any such anniversary, as applicable) that Executive’s employment hereunder shall not be so extended (in which case Executive’s employment and this Agreement shall terminate on the Initial Expiration Date or expiration of the extended term, as applicable); provided, however, that Executive’s employment and this Agreement may be terminated at any time pursuant to the provisions of Section 4. The period of time from the Effective Date through the termination of this Agreement and Executive’s employment hereunder pursuant to its terms is herein referred to as the “Term”; and the date on which the Term is scheduled to expire (i.e., the Initial Expiration Date or the scheduled expiration of the extended term, if applicable) is herein referred to as the “Expiration Date”. (b) Executive agrees and acknowledges that the Company has no obligation to extend the Term or to continue Executive’s employment following the Expiration Date, and Executive expressly acknowledges that no promises or understandings to the contrary have been made or reached. Executive also agrees and acknowledges that, should Executive and the Company choose to continue Executive’s employment for any period of time following the Expiration Date without extending the term of Executive’s employment under this Agreement or entering into a new written employment agreement, Executive’s employment with the Company shall be “at will”, such that the Company may terminate Executive’s employment at any time, with or without reason and with or without notice, and Executive may resign at any time, with or without reason and with or without notice. (c) For purposes of this Agreement, the following terms, as used herein, shall have the definitions set forth below. “Affiliate” means, with respect to any specified Person, any other Person that directly or indirectly, through one or more intermediaries, Controls, is Controlled by, or is under common Control with, such specified Person, provided that, in any event, any business in which the Company has any direct or indirect ownership interest shall be treated as an Affiliate of the Company. “Change in Control” has the meaning set forth in the Plan. “Control” (including, with correlative meanings, the terms “Controlled by” and “under common Control with”), as used with respect to any Person, means the direct or indirect possession of the power to direct or cause the direction of the management or policies of such Person, whether through the ownership of voting securities, by contract or otherwise. “Governmental Entity” means any national, state, county, local, municipal or other government or any court of competent jurisdiction, administrative agency or commission or other governmental authority or instrumentality. “Person” means any individual, firm, corporation, partnership, limited liability company, trust, joint venture, association, Governmental Entity, unincorporated entity or other entity. “Plan” means the Hemisphere Media Group, Inc. Amended and Restated 2013 Equity Incentive Plan. View More