Term Clause Example with 13 Variations from Business Contracts
This page contains Term clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Term. The term of employment under this Agreement shall be for a period beginning on August 8, 2018 (the "Effective Date"), and ending on the fifth anniversary thereof, unless sooner terminated as hereinafter set forth; provided that, on such fifth anniversary of the Effective Date and on each annual anniversary thereafter (such date and each annual anniversary thereof, a "Renewal Date"), the Agreement shall be deemed to be automatically extended upon the same terms and conditions (except for such ter...ms and conditions that expire prior to any extension period), for successive periods of one year, unless the Company or the Executive provides written notice of its intention not to extend the term of the Agreement at least 90 days prior to the applicable Renewal Date. The period during which the Executive is employed by the Company hereunder is hereinafter referred to as the "Employment Period." 1 3. Position and Duties. During the Employment Period, the Executive shall serve as the President and Chief Executive Officer of the Company. In such capacity, the Executive shall report directly to the Board of Directors of the Company (the "Board"). During the Employment Period, the Executive shall have the duties, responsibilities and authority as shall be consistent with the Executive's position and such other duties, responsibilities and authority as may be assigned to the Executive from time to time by the Board. For the avoidance of doubt, the Executive's duties hereunder may include, without limitation, performing work for, and participating in activities related to, Enfission, LLC ("Enfission"). During the Employment Period, the Executive shall devote substantially all of the Executive's business efforts to the performance of the Executive's duties hereunder and the advancement of the business and affairs of the Company and Enfission, provided that in no event shall this sentence prohibit the Executive from creating and managing his personal and family investments or participating in activities involving professional, charitable, educational or religious organizations, so long as such personal or family investments and other activities (i) do not interfere with the Executive's duties hereunder or violate any of the provisions of Section 8 herein, and (ii) comply with the Company's Code of Business Conduct and Ethics and other policies of the Company as in effect from time to time. The Executive may serve on the board of directors of other publicly-traded companies with the prior written approval of the Board, provided that the Executive agrees to resign such service in the event the Board reasonably determines that such service interferes with the Executive's duties hereunder. During the Employment Period, the Company shall cause the Executive to be nominated for election to the Board at each meeting of the shareholders of the Company where the election of the members of the Board is included in the purposes of such meeting, unless the Executive has otherwise notified the Company that the Executive does not intend to stand for re-election to the Board. The Executive shall not receive any additional compensation for services as a member of the Board. The Executive shall, if requested by the Board, also serve as an officer or director of any affiliate of the Company for no additional compensation.View More
Variations of a "Term" Clause from Business Contracts
Term. The term of employment under this This Agreement shall be for a period beginning on August 8, 2018 (the "Effective Date"), and ending effective commencing on the fifth Effective Date and Executive's employment shall continue hereunder until the second anniversary thereof, of the Effective Date, unless sooner terminated as hereinafter set forth; provided earlier pursuant to Section 5 of this Agreement; provided, that, on such fifth second anniversary of the Effective Date and on each annual anniv...ersary of the Effective Date thereafter (such second anniversary date and each annual anniversary thereof, thereafter, being a "Renewal Date"), the this Agreement shall be deemed to be automatically extended extended, upon the same terms and conditions (except for such terms and conditions that expire prior to any extension period), conditions, for successive periods of one year, (1) year each, unless the Company or the Executive either party provides written notice to the other party of its intention not to extend the term of the this Agreement at least 90 days prior to the applicable Renewal Date. The period during which the Executive is employed by the Company hereunder is hereinafter referred to as the "Employment Period." 1 3. Term." 2. Position and Duties. 2.1 Position. During the Employment Period, the Term, Executive shall serve as the Executive Vice President – Commercial Operations. Executive shall have such duties, authority and responsibility as shall be determined from time to time by the Board, which duties, authority and responsibility shall be customary for persons occupying such positions in companies of like size and type. Executive shall report directly to the Chief Executive Officer of the Company. In such capacity, the Executive shall report directly to the Board of Directors of the Company (the "Board"). During the Employment Period, the Executive shall have the duties, responsibilities and authority as shall be consistent with the Executive's position and such other duties, responsibilities and authority as may be assigned to the Executive from time to time by the Board. For the avoidance of doubt, the Executive's duties hereunder may include, without limitation, performing work for, and participating in activities related to, Enfission, LLC ("Enfission"). During the Employment Period, the Executive shall devote substantially all of the Executive's business efforts to the performance of the Executive's duties hereunder and the advancement of the business and affairs of the Company and Enfission, provided that in no event shall this sentence prohibit the Executive from creating and managing his personal and family investments or participating in activities involving professional, charitable, educational or religious organizations, so long as such personal or family investments and other activities (i) do not interfere with the Executive's duties hereunder or violate any of the provisions of Section 8 herein, and (ii) comply with the Company's Code of Business Conduct and Ethics and other policies of the Company as in effect from time to time. The Executive may serve on the board of directors of other publicly-traded companies with the prior written approval of the Board, provided that the Executive agrees to resign such service in the event the Board reasonably determines that such service interferes with the Executive's duties hereunder. During the Employment Period, the Company shall cause the Executive to be nominated for election to the Board at each meeting of the shareholders of the Company where the election of the members of the Board is included in the purposes of such meeting, unless the Executive has otherwise notified the Company that the Executive does not intend to stand for re-election to the Board. The Executive shall not receive any additional compensation for services as a member of the Board. The Executive shall, if requested by the Board, requested, also serve as an officer or director of any affiliate of the Company for no additional compensation. 2.2 Duties. Executive shall devote substantially all of Executive's business time and attention to the performance of Executive's duties hereunder and will not engage in any other business, profession or occupation for compensation or otherwise which would conflict or materially interfere with the performance of such services either directly or indirectly without the prior written consent of the Chief Executive Officer. Notwithstanding the foregoing, Executive will be permitted to (a) with the prior written consent of the Board of Directors (the "Board") (not to be unreasonably withheld) act or serve as a director, trustee, committee member or principal of any type of business, civic or charitable organization as long as such activities are disclosed in writing to the Board in accordance with Company's conflict of interest policy, and (b) purchase or own less than two percent (2%) of the publicly traded securities of any entity; provided, that such ownership represents a passive investment and that Executive is not a controlling person of, or a member of a group that controls, such entity; and provided further, that the activities described in clauses (a) and (b) of this Section 2.2, in each case and in the aggregate, do not materially interfere with the performance of Executive's material duties and responsibilities to Company as provided hereunder, including, but not limited to, the obligations set forth in this Section 2. Executive has no such business, civic and charitable organizations for which he serves as a director, trustee, committee member or principal as of the date of this Agreement. View More
Term. The term of Executive's employment under this Agreement hereunder shall be effective as of date of the closing of the Mergers provided for a period beginning on August 8, 2018 in the Merger Agreement (the "Effective Date"), Date") and ending on shall continue until the fifth third anniversary thereof, unless sooner terminated as hereinafter set forth; earlier pursuant to Section 5 of this Agreement; provided that, on such fifth third anniversary of the Effective Date and on each annual anniversa...ry thereafter (such date and each annual anniversary thereof, a "Renewal Date"), the this Agreement shall be deemed to be automatically extended extended, upon the same terms and conditions (except for such terms and conditions that expire prior to any extension period), conditions, for successive periods of one year, unless the Company or the Executive either party provides written notice of its intention not to extend the term of the this Agreement at least 90 days days' prior to the applicable Renewal Date. If the Merger Agreement terminates for any reason before the Mergers become effective, all of the provisions of this Agreement will terminate and there will be no liability of any kind under this Agreement. The period during which the Executive is employed by the Company hereunder is hereinafter referred to as the "Employment Period." 1 3. Term," and the last day of the Employment Term and Executive's employment hereunder is hereinafter referred to as the "Termination Date." 2. Position and Duties. 2.1 Position. During the Employment Period, Term, the Executive shall serve as the President and Chief Executive Officer of the Company. In such capacity, the Executive shall report directly Company, reporting to the Company's Board of Directors of the Company (the "Board"). During the Employment Period, In such position, the Executive shall have the such duties, responsibilities authority and authority responsibility as shall be consistent with the Executive's position and such other duties, responsibilities and authority as may be assigned to the Executive determined from time to time by the Board. For the avoidance of doubt, Board, which duties, authority and responsibility are consistent with the Executive's duties hereunder may include, without limitation, performing work for, and participating in activities related to, Enfission, LLC ("Enfission"). position. The Executive shall also serve as the Vice Chairman of the Board of the Company and, if requested, as an officer or director of any Affiliate of the Company for no additional compensation. For purpose of this Agreement, an "Affiliate" of any person or entity means another person or entity that directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such first person or entity, where "control" means the possession, directly or indirectly, of the power to direct or cause the direction of the management policies of a person or entity, whether through the ownership of voting securities, by contract, as trustee or executor, or otherwise. 2.2 Duties. During the Employment Period, Term, the Executive shall devote substantially all of the Executive's his business efforts time and attention to the performance of the Executive's duties hereunder and will not engage in any other business, profession or occupation for compensation or otherwise which would conflict or interfere with the advancement performance of such services either directly or indirectly without the prior written consent of the business and affairs Board. Notwithstanding the foregoing, the Executive will be permitted to (a) with the prior written consent of the Company Board (which consent will not be unreasonably withheld), act or serve as a director, trustee, committee member or principal of any type of business, civic or charitable organization, and Enfission, (b) purchase or own less than five percent of the securities of any corporation; provided that, such ownership represents a passive investment and that in no event shall this sentence prohibit the Executive from creating is not a controlling person of, or a member of a group that controls, such corporation; provided further that, the activities described in clauses (a) and managing his personal and family investments or participating in activities involving professional, charitable, educational or religious organizations, so long as such personal or family investments and other activities (i) (b) do not interfere with the performance of the Executive's duties hereunder or violate any of the provisions of Section 8 herein, and (ii) comply with the Company's Code of Business Conduct and Ethics and other policies of responsibilities to the Company as provided hereunder, including, but not limited to, the obligations set forth in effect from time to time. The Executive may serve on the board of directors of other publicly-traded companies with the prior written approval of the Board, provided that the Executive agrees to resign such service in the event the Board reasonably determines that such service interferes with the Executive's duties hereunder. During the Employment Period, the Company shall cause the Executive to be nominated for election to the Board at each meeting of the shareholders of the Company where the election of the members of the Board is included in the purposes of such meeting, unless the Executive has otherwise notified the Company that the Executive does not intend to stand for re-election to the Board. The Executive shall not receive any additional compensation for services as a member of the Board. The Executive shall, if requested by the Board, also serve as an officer or director of any affiliate of the Company for no additional compensation. Section 2 hereof. View More
Term. The term of Executive's employment under this Agreement hereunder shall be for a period beginning on effective as of as of August 8, 29, 2018 (the "Effective Date"), Date") and ending on shall continue until the fifth first anniversary thereof, unless sooner terminated as hereinafter set forth; earlier pursuant to Section 5 of this Agreement; provided that, on such fifth first anniversary of the Effective Date and on each annual anniversary thereafter (such date and each annual anniversary there...of, a "Renewal Date"), the Agreement shall be deemed to be automatically extended extended, upon the same terms and conditions (except for such terms and conditions that expire prior to any extension period), conditions, for successive periods of one year, unless the Company or the Executive either party provides written notice of its intention not to extend the term of the Agreement at least 90 days 60 days' prior to the applicable Renewal Date. The period during which the Executive is employed by the Company hereunder is hereinafter referred to as the "Employment Period." 1 3. Term." 2. Position and Duties. 2.1 Position. During the Employment Period, Term, the Executive shall serve as Chief Medical Officer, reporting directly to the President and Chief Executive Officer of the Company. In such capacity, the Executive shall report directly to Company (the "CEO") and the Board of Directors of the Company (the "Board"). During For purposes of this Agreement, it is expressly recognized that the Employment Period, Board may delegate its authority in a particular matter to one or more committees of the Board, including but not limited to the Compensation Committee, as provided by the governing documents of the Company. In such position, the Executive shall have the such duties, responsibilities authority and authority responsibility as shall be are consistent with the Executive's position and such other duties, responsibilities and authority as may be assigned to the Executive from time to time by the Board. For the avoidance of doubt, the Executive's duties hereunder may include, without limitation, performing work for, and participating in activities related to, Enfission, LLC ("Enfission"). position. 2.2 Duties. During the Employment Period, Term, the Executive shall devote substantially all of the Executive's his business efforts time and attention to the performance of the Executive's duties hereunder and will not engage in any other business, profession, occupation, duties, or activities, for compensation or otherwise, which would conflict or interfere with the advancement performance of such services to the Company, either directly or indirectly, without the prior written consent of the CEO. Notwithstanding the foregoing, the Executive will be permitted to (a) act or serve as a director, trustee, or committee member of a civic or charitable organization (but not of any business and affairs or any other type of organization, without prior written consent of the Company CEO), and Enfission, (b) purchase or own less than three percent (3%) of the publicly traded securities of any corporation; provided that in no event shall this sentence prohibit such ownership represents a passive investment and that the Executive from creating is not a controlling person of, or a member of a group that controls, such corporation; provided further that the activities described in clauses (a) and managing his personal and family investments or participating in activities involving professional, charitable, educational or religious organizations, so long as such personal or family investments and other activities (i) (b) do not interfere in any material way with the performance of the Executive's duties hereunder or violate any of the provisions of Section 8 herein, and (ii) comply with the Company's Code of Business Conduct and Ethics and other policies of responsibilities to the Company as provided hereunder, including, but not limited to, the obligations set forth in effect from time to time. The Executive may serve on the board of directors of other publicly-traded companies with the prior written approval of the Board, provided that the Executive agrees to resign such service in the event the Board reasonably determines that such service interferes with the Executive's duties hereunder. During the Employment Period, the Company shall cause the Executive to be nominated for election to the Board at each meeting of the shareholders of the Company where the election of the members of the Board is included in the purposes of such meeting, unless the Executive has otherwise notified the Company that the Executive does not intend to stand for re-election to the Board. The Executive shall not receive any additional compensation for services as a member of the Board. The Executive shall, if requested by the Board, also serve as an officer or director of any affiliate of the Company for no additional compensation. Section 2 hereof. View More
Term. The Company agrees to employ the Executive pursuant to the terms of this Agreement, and the Executive agrees to be so employed, for a term of employment under this Agreement shall be for a period beginning on August 8, 2018 three (3) years (the "Effective Date"), and ending on "Initial Term") commencing as of the fifth anniversary thereof, unless sooner terminated as hereinafter set forth; provided that, on such fifth Effective Date. On each anniversary of the Effective Date and on each annual a...nniversary thereafter (such date and each annual anniversary thereof, a "Renewal Date"), following the Initial Term, the term of this Agreement shall be deemed to be automatically extended upon for successive one-year periods, provided, however, that either party hereto may elect not to extend this Agreement by giving written notice to the same terms other party at least one hundred and conditions (except for such terms and conditions that expire eighty (180) days prior to any extension period), for successive periods such anniversary date. Notwithstanding the foregoing, the Executive's employment hereunder may be earlier terminated in accordance with Section 9 hereof, subject to Section 10 hereof. Terms used herein with initial capitalization not otherwise defined are defined in Section 25. The period of one year, unless time between the Company or Effective Date and the Executive provides written notice of its intention not to extend the term termination of the Agreement at least 90 days prior to the applicable Renewal Date. The period during which the Executive is employed by the Company Executive's employment hereunder is hereinafter shall be referred to as the "Employment Period." 1 3. 2. Position and Duties. During the Employment Period, the Executive shall serve as the Executive Vice President of Finance and Chief Executive Financial Officer of the Company. In such capacity, the Executive Company, shall report directly to the Board Company's Chief Executive Officer. In his capacity as Executive Vice President of Directors of the Company (the "Board"). During the Employment Period, Finance and Chief Financial Officer, the Executive shall have the duties, responsibilities and authority as shall be consistent authorities customarily associated with the Executive's position of an executive vice president of finance and such other duties, responsibilities chief financial officer in a company the size and authority as may be assigned to nature of the Executive from time to time by the Board. For the avoidance of doubt, the Executive's duties hereunder may include, without limitation, performing work for, and participating in activities related to, Enfission, LLC ("Enfission"). During the Employment Period, the Company. The Executive shall devote the Executive's reasonable best efforts and substantially all of the Executive's business efforts time to the performance of the Executive's duties hereunder and the advancement of the business and affairs of the Company and Enfission, provided that shall be subject to, and shall comply in no event shall this sentence prohibit all material respects with, the Executive from creating and managing his personal and family investments or participating in activities involving professional, charitable, educational or religious organizations, so long as such personal or family investments and other activities (i) do not interfere with the Executive's duties hereunder or violate any of the provisions of Section 8 herein, and (ii) comply with the Company's Code of Business Conduct and Ethics and other policies of the Company applicable to the Executive; provided that the Executive shall be entitled (i) to serve as in effect from time to time. The Executive may serve on a member of the board of directors of a reasonable number of other publicly-traded companies with companies, subject to the prior written advance approval of the Board, provided that Company's Board of Directors (the "Board"), which approval shall not be unreasonably withheld, (ii) to serve on civic, charitable, educational, religious, public interest or public service boards, and (iii) to manage the Executive agrees Executive's personal and family investments, in each case, to resign the extent such service in the event activities do not materially interfere, as determined by the Board reasonably determines that such service interferes in good faith, with the performance of the Executive's duties and responsibilities hereunder. During the Employment Period, the Company shall cause the Executive to be nominated for election to the Board at each meeting of the shareholders of the Company where the election of the members of the Board is included in the purposes of such meeting, unless the Executive has otherwise notified the Company that the Executive does not intend to stand for re-election to the Board. The Executive shall not receive any additional compensation for services as a member of the Board. The Executive shall, if requested by the Board, also serve as an officer or director of any affiliate of the Company for no additional compensation.View More
Term. The term of Executive's employment under this Agreement hereunder shall be for a period beginning on August 8, 2018 (the "Effective Date"), effective as of the Effective Date and ending on shall continue until the fifth anniversary thereof, unless sooner terminated as hereinafter set forth; earlier pursuant to Section 5 of this Agreement; provided that, on such fifth anniversary of the Effective Date and on each annual anniversary thereafter (such date and each annual anniversary thereof, a "Ren...ewal Date"), the Agreement shall be deemed to be automatically extended extended, upon the same terms and conditions (except for such terms and conditions that expire prior to any extension period), conditions, for successive periods of one year, five years, unless the Company or the Executive either party provides written notice of its intention not to extend the term of the Agreement at least 90 days days' prior to the applicable Renewal Date. The period during which the Executive is employed by the Company hereunder is hereinafter referred to as the "Employment Period." 1 3. Term". 2. Position and Duties. 2.1 Position. During the Employment Period, Term, the Executive shall serve as the Chief Science Officer and Executive Vice President and of the Company, reporting to the Chief Executive Officer of the Company. Company (the "Supervisor"). In such capacity, the Executive shall report directly to the Board of Directors of the Company (the "Board"). During the Employment Period, position, the Executive shall have the such duties, responsibilities authority and authority responsibility as shall be consistent with the Executive's position and such other duties, responsibilities and authority as may be assigned to the Executive determined from time to time by the Board. For the avoidance of doubt, Supervisor, which duties, authority and responsibility are consistent with the Executive's duties hereunder may include, without limitation, performing work for, position. The Executive shall also be appointed to serve as a member of the board of directors of the Company (the "Board") and participating in activities related to, Enfission, LLC ("Enfission"). the Company shall take all proper and legal actions to have Executive elected and remain a member of the Board during the Employment Term, subject to state and federal law and the bylaws of the Company, during the Employment Term, as long as Executive beneficially owns at least 3% of the common stock of the Company. 1 2.2 Duties. During the Employment Period, Term, the Executive shall devote substantially all most of the Executive's her business efforts time and attention to the performance of the Executive's duties hereunder and will not engage in any other business, profession or occupation for compensation or otherwise which would conflict or interfere with the advancement performance of such services either directly or indirectly without the prior written consent of the business and affairs Board. Notwithstanding the foregoing, the Executive will be permitted to (a) with the prior written consent of the Company and Enfission, provided that Board (which consent can be withheld by the Board in no event shall this sentence prohibit the Executive from creating and managing his personal and family investments its discretion) act or participating in activities involving professional, charitable, educational serve as a director, trustee, committee member or religious organizations, so principal of any type of business, civic or charitable organization as long as such personal activities are disclosed in writing to the Executive's Supervisor, and (b) purchase or family investments own less than five percent (5%) of the publicly traded securities of any corporation; provided that, such ownership represents a passive investment and other that the Executive is not a controlling person of, or a member of a group that controls, such corporation; provided further that, the activities (i) described in clauses (a) and (b) do not interfere with the performance of the Executive's duties hereunder or violate any of the provisions of Section 8 herein, and (ii) comply with the Company's Code of Business Conduct and Ethics and other policies of responsibilities to the Company as provided hereunder, including, but not limited to, the obligations set forth in effect from time to time. The Executive may serve on the board of directors of other publicly-traded companies with the prior written approval of the Board, provided that the Executive agrees to resign such service in the event the Board reasonably determines that such service interferes with the Executive's duties hereunder. During the Employment Period, the Company shall cause the Executive to be nominated for election to the Board at each meeting of the shareholders of the Company where the election of the members of the Board is included in the purposes of such meeting, unless the Executive has otherwise notified the Company that the Executive does not intend to stand for re-election to the Board. The Executive shall not receive any additional compensation for services as a member of the Board. The Executive shall, if requested by the Board, also serve as an officer or director of any affiliate of the Company for no additional compensation. Section 2 hereof. View More
Term. The term of employment under this Agreement shall be for a period beginning on August 8, 2018 November 1, 2016 (the "Effective Date"), Date") and ending on the fifth first anniversary thereof, unless sooner terminated as hereinafter set forth; provided that, on such fifth first anniversary of the Effective Date and on each annual anniversary thereafter (such date and each annual anniversary thereof, a "Renewal Date"), the Agreement shall be deemed to be automatically extended upon the same terms... and conditions (except for such terms and conditions that expire prior to any extension period), for successive periods of one year, unless the Company or the Executive provides written notice of its intention not to extend the term of the Agreement at least 90 days 120 days' prior to the applicable Renewal Date. The period during which the Executive is employed by the Company AAC hereunder is hereinafter referred to as the "Employment Period." 1 3. Position and Duties. During the Employment Period, the Executive shall serve as Executive Vice President, Chief Financial Officer and Treasurer of AFG and AAC. In such capacities, the Executive shall report directly to the President and Chief Executive Officer of the Company. In such capacity, the Executive shall report directly to the Board of Directors of the Company (the "Board"). AFG and AAC, as applicable. During the Employment Period, the Executive shall have the duties, responsibilities and authority as shall be consistent with the Executive's position positions and such other duties, responsibilities and authority consistent with the Executive's positions as may be assigned to the Executive from time to time by the Board. For relevant Board of Directors or by the avoidance President and Chief Executive Officer of doubt, the Executive's duties hereunder may include, without limitation, performing work for, AFG and participating in activities related to, Enfission, LLC ("Enfission"). During the Employment Period, the AAC, as applicable. The Executive shall devote substantially all of the Executive's business commercially reasonable efforts and sufficient time to the performance of the Executive's duties hereunder and the advancement of the business and affairs of the Company and Enfission, Company, provided that in no event shall this sentence prohibit the Executive from creating and managing his personal and family investments or participating in activities involving professional, charitable, educational or religious organizations, charitable activities, so long as such personal or family investments and other activities (i) do not interfere with the Executive's duties hereunder or violate any of the provisions of Section 8 herein, under this Agreement and (ii) comply with the Company's Code of Business Conduct and Ethics and other policies of the Company as in effect from time to time. The Executive may serve on the board of directors of other publicly-traded companies one public company with the prior written approval of the Board, provided that the Chief Executive agrees to resign such service in the event the Board reasonably determines that such service interferes with the Executive's duties hereunder. During the Employment Period, the Company shall cause the Executive to be nominated for election to the Board at each meeting Officer of the shareholders of the Company where the election of the members of the Board is included in the purposes of such meeting, unless the Executive has otherwise notified the Company that the Executive does not intend to stand for re-election to the Board. The Executive shall not receive any additional compensation for services as a member of the Board. The Executive shall, if requested by the Board, also serve as an officer or director of any affiliate of the Company for no additional compensation. AFG and AAC. View More
Term. The term of the Executive's employment under this Agreement shall be for a period beginning on August 8, 2018 (the "Effective Date"), and ending commence on the fifth anniversary thereof, unless sooner terminated as hereinafter set forth; provided that, on such fifth Effective Date and continue until the eighteen (18)-month anniversary of the Effective Date, unless the Executive's employment hereunder is terminated earlier in accordance with Section 8 hereof, subject to Section 9 hereof. The per...iod of time between the Effective Date and on each annual anniversary thereafter (such date and each annual anniversary thereof, a "Renewal Date"), the Agreement termination of the Executive's employment hereunder shall be deemed to be automatically extended upon the same terms and conditions (except for such terms and conditions that expire prior to any extension period), for successive periods of one year, unless the Company or the Executive provides written notice of its intention not to extend the term of the Agreement at least 90 days prior to the applicable Renewal Date. The period during which the Executive is employed by the Company hereunder is hereinafter referred to herein as the "Employment Period." 1 "Term." 3. Position and Duties. During the Employment Period, Term, the Executive shall continue to serve as the Senior Vice President and Chief Executive Financial Officer of the Company. In such capacity, the Executive shall report directly to the Board of Directors of the Company (the "Board"). During the Employment Period, capacities, the Executive shall have the same duties, responsibilities and authority authorities as shall be consistent with the Executive's position and such other duties, responsibilities and authority as may be assigned to the Executive from time to time by the Board. For the avoidance of doubt, the Executive's duties hereunder may include, without limitation, performing work for, and participating in activities related to, Enfission, LLC ("Enfission"). During the Employment Period, the he currently has. The Executive shall devote substantially all of the Executive's reasonable best efforts and full business efforts time to the performance of the Executive's duties hereunder and the advancement of the business and affairs of the Company and Enfission, provided that shall be subject to, and shall comply in no event shall this sentence prohibit all material respects with, the Executive from creating and managing his personal and family investments or participating in activities involving professional, charitable, educational or religious organizations, so long as such personal or family investments and other activities (i) do not interfere with the Executive's duties hereunder or violate any of the provisions of Section 8 herein, and (ii) comply with the Company's Code of Business Conduct and Ethics and other policies of the Company and the Company Affiliates applicable to the Executive; provided that the Executive shall be entitled (i) to serve as in effect from time to time. The Executive may serve on a member of the board of directors of other publicly-traded companies companies, with the prior written approval consent of the Board, provided that Company's board of directors (the "Board"), (ii) to serve on civic, charitable, educational, religious, public interest or public service boards, and (iii) to manage the Executive agrees Executive's personal and family investments, in each case, to resign the extent such service in activities do not materially interfere with the event the Board reasonably determines that such service interferes with performance of the Executive's duties and responsibilities hereunder. During the Employment Period, the Company shall cause the Executive to be nominated for election to the Board at each meeting of the shareholders of the Company where the election of the members of the Board is included in the purposes of such meeting, unless the Executive has otherwise notified the Company that the Executive does not intend to stand for re-election to the Board. The Executive shall not receive any additional compensation for services as a member of the Board. The Executive shall, if requested by the Board, also serve as an officer or director of any affiliate of the Company for no additional compensation.View More
Term. The Company agrees to employ the Executive pursuant to the terms of this Agreement, and the Executive agrees to be so employed, for a term of employment under this Agreement shall be for a period beginning on August 8, 2018 six (6) years commencing as of October 5, 2011 (the "Effective Date"), "Original Effective Date") and ending on October 4, 2017 (the "Term"). The Term shall automatically renew for consecutive one-year terms unless either party notifies the fifth anniversary thereof, unless s...ooner terminated as hereinafter set forth; provided that, on such fifth anniversary of the Effective Date and on each annual anniversary thereafter (such date and each annual anniversary thereof, a "Renewal Date"), the Agreement shall be deemed to be automatically extended upon the same terms and conditions (except for such terms and conditions that expire prior to any extension period), for successive periods of one year, unless the Company or the Executive provides written notice of its intention not to extend the term of the Agreement other in writing at least 90 days prior to its then scheduled expiration date that the applicable Renewal Date. Term is not to renew. Anything herein to the contrary notwithstanding, for the period prior to the Effective Date the terms of the Prior Agreement shall apply unless otherwise required by the terms of this Agreement. Notwithstanding the foregoing, the Executive's employment hereunder may be earlier terminated in accordance with Section 8 hereof, subject to Section 9 hereof. Terms used herein with initial capitalization not otherwise defined are defined in Section 24. The period during which of time between the Executive is employed by Original Effective Date and the Company termination of the Executive's employment hereunder is hereinafter shall be referred to as the "Employment Period." 1 3. 2. Position and Duties. During the Employment Period, the Executive shall serve as Chairman of the President Board of Directors and Chief Executive Officer of each of the Company. In such capacity, Company and Tronox Limited, and in the Executive event of any corporate transaction or reorganization, he shall report directly to serve as the Chairman of the Board of Directors and Chief Executive Officer of any successor to either such Company including any successor to substantially all of the assets or businesses of either Company (the "Board"). During the Employment Period, in accordance with Section 14 of this Agreement. In such capacity, the Executive shall have the duties, responsibilities and authority as shall be consistent authorities customarily associated with the Executive's position positions of Chairman and such other duties, responsibilities Chief Executive Officer, respectively, in companies the size and authority as may be assigned to nature of the Executive from time to time by the Board. For the avoidance of doubt, the Executive's duties hereunder may include, without limitation, performing work for, Company and participating in activities related to, Enfission, LLC ("Enfission"). During the Employment Period, the Tronox Limited, respectively. The Executive shall devote the Executive's reasonable best efforts and substantially all of the Executive's business efforts time to the performance of the Executive's duties hereunder and the advancement of the business and affairs of the Company and Enfission, provided that shall be subject to, and shall comply in no event shall this sentence prohibit all material respects with, the Executive from creating and managing his personal and family investments or participating in activities involving professional, charitable, educational or religious organizations, so long as such personal or family investments and other activities (i) do not interfere with the Executive's duties hereunder or violate any of the provisions of Section 8 herein, and (ii) comply with the Company's Code of Business Conduct and Ethics and other policies of the Company and the Company Affiliates applicable to the Executive, to the extent such policies have been furnished to him in writing; provided that the Executive shall be entitled (i) to serve as in effect from time to time. The Executive may serve on 2 a member of the board of directors of a reasonable number of other publicly-traded companies with companies, subject to the prior written advance approval of the Board, provided that Board of Directors of the Executive agrees Company (the "Board"), which approval shall not be unreasonably withheld, (ii) to resign serve on civic, charitable, educational, religious, public interest or public service boards, and (iii) to manage the Executive's personal and family investments, in each case, to the extent such service in the event activities do not materially interfere, as determined by the Board reasonably determines that such service interferes in good faith, with the performance of the Executive's duties and responsibilities hereunder. During the Employment Period, the Company shall cause the Executive to be nominated for election to the Board at each meeting of the shareholders of the Company where the election of the members of the Board is included in the purposes of such meeting, unless the Executive has otherwise notified the Company that the Executive does not intend to stand for re-election to the Board. The Executive shall not receive any additional compensation for services as a member of the Board. The Executive shall, if requested by the Board, also serve as an officer or director of any affiliate of the Company for no additional compensation.View More
Term. The term of Executive's employment under this Agreement hereunder shall be for a period beginning on August 8, 2018 (the "Effective Date"), effective as of the Effective Date and ending on shall continue until the fifth third anniversary thereof, unless sooner terminated as hereinafter set forth; earlier pursuant to Section 5 of this Agreement; provided that, on such fifth third anniversary of the Effective Date and on each annual anniversary thereafter (such date and each annual anniversary the...reof, a "Renewal Date"), the Agreement shall be deemed to be automatically extended extended, upon the same terms and conditions (except for such terms and conditions that expire prior to any extension period), conditions, for successive periods of one year, unless the Company or the Executive either party provides written notice of its intention not to extend the term of the Agreement at least 90 days days' prior to the applicable Renewal Date. The period during which the Executive is employed by the Company hereunder is hereinafter referred to as the "Employment Period." 1 3. Term". 2. Position and Duties. 2.1 Position. During the Employment Period, Term, the Executive shall serve as the President and Chief Operating Officer of the Company, reporting to the Chief Executive Officer of the Company. Company (the "Supervisor"). In such capacity, position, the Executive shall report directly have such duties, authority and responsibility as shall be determined from time to time by Supervisor of the Company, which duties, authority and responsibility are consistent with the Executive's position. The Company will seek to have the formal appointment of Executive to the Board of Directors (the "Board") within ninety (90) days of the execution of this Agreement. The Company (the "Board"). shall take all proper and legal actions to have Executive elected and remain a member of the Board during the Employment Term, subject to state and federal law and the bylaws of the Company, during the Employment Term, as long as Executive beneficially owns at least 3% of the common stock of the Company. At any time that the Executive elects not to serve on the Board, then the Executive's right to a full voting seat on the Board will no longer exist and instead will be subject to the determination of the Board. 1 2.2 Duties. During the Employment Period, the Executive shall have the duties, responsibilities and authority as shall be consistent with the Executive's position and such other duties, responsibilities and authority as may be assigned to the Executive from time to time by the Board. For the avoidance of doubt, the Executive's duties hereunder may include, without limitation, performing work for, and participating in activities related to, Enfission, LLC ("Enfission"). During the Employment Period, Term, the Executive shall devote substantially all of the Executive's his business efforts time and attention to the performance of the Executive's duties hereunder and will not engage in any other business, profession or occupation for compensation or otherwise which would conflict or interfere with the advancement performance of such services either directly or indirectly without the prior written consent of the business Board. Notwithstanding the foregoing and affairs Section 2.3, the Executive will be permitted to (a) with the prior written consent of the Company and Enfission, provided that Board (which consent can be withheld by the Board in no event shall this sentence prohibit the Executive from creating and managing his personal and family investments its discretion) act or participating in activities involving professional, charitable, educational serve as a director, trustee, committee member or religious organizations, so principal of any type of business, civic or charitable organization as long as such personal activities are disclosed in writing to the Executive's Supervisor, and (b) purchase or family investments own less than five percent (5%) of the publicly traded securities of any corporation; provided that, such ownership represents a passive investment and other that the Executive is not a controlling person of, or a member of a group that controls, such corporation; provided further that, the activities (i) described in clauses (a) and (b) do not interfere with the performance of the Executive's duties hereunder or violate any of the provisions of Section 8 herein, and (ii) comply with the Company's Code of Business Conduct and Ethics and other policies of responsibilities to the Company as provided hereunder, including, but not limited to, the obligations set forth in effect from time Section 2 hereof. 2.3 Exclusion. Notwithstanding Section 2.2, the Company explicitly acknowledges and consents to time. The Executive may serve on the board of directors of other publicly-traded companies with the prior written approval of the Board, provided that the Executive agrees to resign such service in the event the Board reasonably determines that such service interferes with the Executive's duties hereunder. During the Employment Period, the Company shall cause the Executive to be nominated for election to the Board at each meeting ongoing involvement with Anicell Biotech, LLC, WASAS, LLC, Neuropathy Centers of the shareholders of the Company where the election of the members of the Board is included in the purposes of such meeting, unless the Executive has otherwise notified the Company that the Executive does not intend to stand for re-election to the Board. The Executive shall not receive any additional compensation for services as a member of the Board. The Executive shall, if requested by the Board, also serve as an officer or director of any affiliate of the Company for no additional compensation. Arizona and Cuboid Associates, LLC. View More
Term. The term of Executive's employment under this Agreement hereunder shall be for a period beginning on August 8, 2018 (the "Effective Date"), effective as of the Effective Date and ending on shall continue until the fifth anniversary thereof, unless sooner terminated as hereinafter set forth; earlier pursuant to Section 5 of this Agreement; provided that, on such fifth anniversary of the Effective Date and on each annual anniversary thereafter (such date and each annual anniversary thereof, a "Ren...ewal Date"), the Agreement shall be deemed to be automatically extended extended, upon the same terms and conditions (except for such terms and conditions that expire prior to any extension period), conditions, for successive periods of one year, five years, unless the Company or the Executive either party provides written notice of its intention not to extend the term of the Agreement at least 90 days days' prior to the applicable Renewal Date. The period during which the Executive is employed by the Company hereunder is hereinafter referred to as the "Employment Period." 1 3. Term". 2. Position and Duties. 2.1 Position. During the Employment Period, Term, the Executive shall serve as the President and Chief Executive Officer of the Company. In such capacity, the Executive shall report directly Company, reporting to the Board of Directors of the Company (the "Board"). During the Employment Period, In such position, the Executive shall have the such duties, responsibilities authority and authority responsibility as shall be consistent with the Executive's position and such other duties, responsibilities and authority as may be assigned to the Executive determined from time to time by the Board. For the avoidance of doubt, Board, which duties, authority and responsibility are consistent with the Executive's duties hereunder may include, without limitation, performing work for, position. The Executive shall also be appointed to serve as the Chairman of the Board and participating in activities related to, Enfission, LLC ("Enfission"). the Company shall take all proper and legal actions to have Executive elected and remain the Chairman of the Board during the Employment Term, subject to state and federal law and the bylaws of the Company, during the Employment Term, as long as Executive beneficially owns at least 3% of the common stock of the Company. 1 2.2 Duties. During the Employment Period, Term, the Executive shall devote substantially all of the Executive's his business efforts time and attention to the performance of the Executive's duties hereunder and will not engage in any other business, profession or occupation for compensation or otherwise which would conflict or interfere with the advancement performance of such services either directly or indirectly without the prior written consent of the business and affairs Board. Notwithstanding the foregoing, the Executive will be permitted to (a) with the prior written consent of the Company and Enfission, provided that Board (which consent can be withheld by the Board in no event shall this sentence prohibit the Executive from creating and managing his personal and family investments its discretion) act or participating in activities involving professional, charitable, educational serve as a director, trustee, committee member or religious organizations, so principal of any type of business, civic or charitable organization as long as such personal activities are disclosed in writing to the Board, and (b) purchase or family investments own less than five percent (5%) of the publicly traded securities of any corporation; provided that, such ownership represents a passive investment and other that the Executive is not a controlling person of, or a member of a group that controls, such corporation; provided further that, the activities (i) described in clauses (a) and (b) do not interfere with the performance of the Executive's duties hereunder or violate any of the provisions of Section 8 herein, and (ii) comply with the Company's Code of Business Conduct and Ethics and other policies of responsibilities to the Company as provided hereunder, including, but not limited to, the obligations set forth in effect from time to time. The Executive may serve on the board of directors of other publicly-traded companies with the prior written approval of the Board, provided that the Executive agrees to resign such service in the event the Board reasonably determines that such service interferes with the Executive's duties hereunder. During the Employment Period, the Company shall cause the Executive to be nominated for election to the Board at each meeting of the shareholders of the Company where the election of the members of the Board is included in the purposes of such meeting, unless the Executive has otherwise notified the Company that the Executive does not intend to stand for re-election to the Board. The Executive shall not receive any additional compensation for services as a member of the Board. The Executive shall, if requested by the Board, also serve as an officer or director of any affiliate of the Company for no additional compensation. Section 2 hereof. View More
