Term Contract Clauses (8,450)

Grouped Into 443 Collections of Similar Clauses From Business Contracts

This page contains Term clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Term. Subject to the provisions of Section 5, this Agreement will have an initial term which will expire on the three-year anniversary of the Effective Date (the "Initial Term"). On the last day of the Initial Term and each year thereafter, the Agreement will automatically renew for an additional successive one-year term as of the date thereof (each, a "Renewal Term") unless any party provides the other party with written notice of non-renewal at least 90 days prior to the date of automatic renewal, i...n which case the Agreement will expire at the end of the Initial Term or Renewal Term, as applicable. Non-renewal at the end of the Initial Term or a Renewal Term will not constitute termination without Cause under the Agreement or entitle Executive to severance set forth in Section 5(b)(ii) or Section 5(b)(iii), as applicable, although if a Potential Change of Control Date has occurred prior to the expiration of this Agreement, the Agreement shall remain in effect until the earliest of: (a) the end of the Change of Control Period, if a Change of Control has been completed, so long as all payments due have been made; or (b) 12 months after the Potential Change of Control Date if no Change of Control has been completed; provided, however, that in the event of a protracted regulatory clearance process with respect to a potential Change of Control, such term shall be extended so long as the Company is pursuing the potential Change of Control in good faith. View More Arrow
Term. Subject to the provisions of Section 5, this Agreement will have an initial term which will expire on the three-year anniversary of the Effective Date (the "Initial Term"). On the last day of the Initial Term and each year thereafter, the Agreement will automatically renew for an additional successive one-year one year term as of the date thereof (each, a "Renewal Term") unless any party provides the other party parties with written notice of non-renewal at least 90 days prior to the date of aut...omatic renewal, in which case the Agreement will expire at the end of the Initial Term or Renewal Term, as applicable. Non-renewal at the end of the Initial Term or a Renewal 1 Term will not constitute termination without Cause under the Agreement or and entitle Executive to severance set forth in Section 5(b)(ii) or Section 5(b)(iii), as applicable, although if a Potential Change of in Control Date has occurred prior to the expiration of this Agreement, the Agreement shall remain in effect until the earliest of: (a) the end of the Change of in Control Period, if a Change of in Control has been completed, so long as all payments due have been made; or (b) 12 months after the Potential Change of in Control Date if no Change of in Control has been completed; provided, however, that in the event of a protracted regulatory clearance process with respect to a potential Change of in Control, such term shall be extended so long as the Company is pursuing the potential Change of in Control in good faith. View More Arrow
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Term. This Employment Agreement shall have a continuous term until terminated as provided in Section 4.
Term. This Employment Agreement shall have a continuous term until terminated as provided in Section Paragraph 4.
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Term. The term of Executive's employment under this Agreement shall be deemed to have commenced as of the Effective Date and shall continue for four (4) years after the Effective Date unless terminated in accordance with Paragraph 13 of this Agreement (the "Term"). 3 4. Compensation. For all services to be rendered by Executive for Rubicon during the Term, the Company shall pay Executive an initial base salary of Six Hundred Fifty Thousand Dollars and Zero Cents ($650,000.00) per year (the "Base Salar...y"), less applicable deductions and withholdings, payable in substantially equal monthly or more frequent installments as is customary under the Company's normal payroll practices from time to time for its senior management employees. The Company shall review Executive's Base Salary no less frequently than annually and shall increase Executive's Base Salary, by no less than fifteen percent (15%) annually, retroactive to January 1st of each year during the Term, after taking into account such factors as the Company deems relevant including, without limitation, changes in the cost of living, Executive's performance, and the performance of the Company. View More Arrow
Term. The term of Executive's employment under this Agreement shall be deemed to have commenced as of the Effective Date and shall continue for four (4) three (3) years after the Effective Date unless terminated in accordance with Paragraph 13 of this Agreement (the "Term"). 3 0 4. Compensation. For all services to be rendered by Executive for Rubicon during the Term, the Company shall pay Executive an initial base salary in Year 1 of Six the Term of Eight Hundred Fifty Thousand Dollars and Zero Cents... ($650,000.00) ($800,000.00) per year (the "Base Salary"), less applicable deductions and withholdings, payable in substantially equal monthly or more frequent installments as is customary under the Company's normal payroll practices from time to time for its senior management employees. The Company Board shall review Executive's Base Salary no less frequently than annually and shall increase for the purpose of making adjustments, if any, to Executive's Base Salary, by no less than fifteen percent (15%) annually, retroactive to January 1st Salary. For the avoidance of each year during doubt, Executive's Base Salary may or may not be adjusted after Year 1 of the Term, as determined by the Board in its sole discretion after taking into account such factors as the Company Board deems relevant including, without limitation, changes in the cost of living, Executive's performance, and the performance of the Company. View More Arrow
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Term. The Executive's employment hereunder shall commence on January 1, 2022 (the "Effective Date") and continue for an initial period of three years thereafter. Following such initial period, the Agreement shall automatically renew, upon the same terms and conditions, for successive periods of one year each until the Executive's employment terminates pursuant to Section 5 of this Agreement. The period during which the Executive is employed by the Company hereunder is hereinafter referred to as the "E...mployment Term." View More Arrow
Term. The Executive's employment hereunder shall commence on January August 1, 2022 (the "Effective Date") and continue for an initial period of three four years thereafter. Following such initial period, the Agreement shall automatically renew, upon the same terms and conditions, for successive periods of one year each until the Executive's employment terminates pursuant to Section 5 of this Agreement. The period during which the Executive is employed by the Company hereunder is hereinafter referred ...to as the "Employment Term." View More Arrow
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Term. This Agreement shall continue for a term commencing on the Effective Date and ending on the first anniversary of the Effective Date (the "Term"). On each annual anniversary of the Effective Date (each an "Anniversary Date") this Agreement shall automatically renew for an additional year (each succeeding one year period shall also be referred to herein as the "Term"), unless at least thirty (30) days prior to such Anniversary Date, either party gives written notice of non-renewal to the other. If... such notice of non-renewal is given as permitted hereunder, the Agreement will expire at the conclusion of such Term. Notwithstanding any provision of this Agreement to the contrary, Executive's employment may be terminated at any time prior to the expiration of the Term, as provided in Section 2 hereof and subject to the provisions of this Agreement, including, without limitation, Sections 4, 5, 6, 9, 10, 11 and 12. Notwithstanding the foregoing, in the event that at any time during the Term of this Agreement, the Company or the Bank has entered into an agreement to effect a transaction which would be a Change in Control (as defined in Section 3 hereof), then the Term of this Agreement shall be automatically extended through the date that is twelve (12) months following the date on which the Change in Control occurs, provided, however, that if the Change in Control does not occur as contemplated, then the Agreement shall automatically renew on the next Anniversary Date, unless a notice of non-renewal is given by either party hereto in the manner set forth above. View More Arrow
Term. This The initial term of this Agreement shall continue for a term commencing on the Effective Date and ending on the first third anniversary of the Effective Date (the "Term"). On Beginning on the second anniversary of the Effective Date and continuing on each annual anniversary of the Effective Date (each an "Anniversary Date") this Agreement shall automatically renew for an additional year (each succeeding one year period shall also be referred to herein as the "Term"), unless at least thirty ...(30) days prior to such Anniversary Date, either party gives written notice of non-renewal to the other. If such notice of non-renewal is given as permitted hereunder, the Agreement will expire at the conclusion of such the then current Term. Notwithstanding any provision of this Agreement to the contrary, Executive's employment may be terminated at any time prior to the expiration of the Term, as provided in Section 2 hereof and Term subject to the provisions of this Agreement, including, without limitation, Sections 4, 5, 6, 9, 10, 11 11, 12 and 12. 13. Notwithstanding the foregoing, in the event that at any time during the Term of this Agreement, the Company or the Bank has entered into an agreement to effect a transaction which would be a Change in Control (as defined in Section 3 hereof), then the Term of this Agreement shall be automatically extended through the date that is twelve (12) months following the date on which the Change in Control occurs, provided, however, that if the Change in Control does not occur as contemplated, then the Term of the Agreement shall automatically renew on be the next Anniversary Date, unless a notice of non-renewal is given by either party hereto Term in effect prior to entry into the agreement referred to above. Provided further that in the manner set forth above. event Executive fails to commence his duties under Section 2 of this Agreement at the commencement of the initial term of this Agreement, then Executive shall forfeit all benefits to which he would otherwise be entitled pursuant to a change in control of Riverside Bank. View More Arrow
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Term. The term of this Agreement shall be a period of three years beginning on the Commencement Date, subject to earlier termination as provided herein. Beginning on the Agreement 2 Renewal Date, and on each subsequent Agreement Renewal Date, the term of this Agreement shall be extended for a period of one year in addition to the then-remaining term, provided that within the 90 day period ending on such Agreement Renewal Date, the Board of Directors does not inform the Employee in writing that the Agr...eement will not be extended. Reference herein to the term of this Agreement shall refer to both such initial term and such extended terms. Notwithstanding anything herein to the contrary, this Agreement shall immediately terminate, and no payments shall be due hereunder, if: (a) no Involuntary Termination occurs with respect to the Employee prior to the effective date of a Change in Control, if there is a Change in Control Severance Agreement in effect between the Employee and the Bank, or (b) the Employee voluntarily terminates employment with the Bank for any reason that does not constitute an Involuntary Termination. View More Arrow
Term. The term of this Agreement shall be a period of three years beginning on the Commencement Date, subject to earlier termination as provided herein. Beginning on the Agreement 2 Renewal Date, and on each subsequent Agreement Renewal Date, the term of this Agreement shall be extended for a period of one year in addition to the then-remaining term, provided that within the 90 day period ending on such Agreement Renewal Date, the Board of Directors does not inform the Employee in writing that the Agr...eement will not be extended. Reference herein to the term of this Agreement shall refer to both such initial term and such extended terms. Notwithstanding anything herein to the contrary, this Agreement shall immediately terminate, and no payments shall be due hereunder, if: (a) no either the Bank terminates the Employee's employment (other than on account of Termination for Cause) or the Employee's employment is terminated in the event of Involuntary Termination occurs with respect to by the Employee Employee, prior to the effective date of a Change in Control, if there is a Change in Control Severance Agreement in effect between (b) the Employee and becomes entitled to receive payments from the Bank, Bank on account of Involuntary Termination under any other agreement, or (b) (c) the Employee voluntarily terminates employment with the Bank for any reason that does not constitute an Involuntary Termination. View More Arrow
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Term. Subject to and upon the terms and conditions set forth herein, or in any exhibit hereto, the term (together with any extensions or renewals thereof, the "Term") of this Lease shall commence on the Commencement Date (defined below) and shall expire one hundred eighty months (180) after the Commencement Date. "Commencement Date" shall mean the date Tenant begins its business operations in the Premises but in no event later than 30 days after Landlord completes Landlord's Work and delivers possessi...on of the Premises to Tenant by Landlord giving Tenant written notice. For purposes of clarification, immaterial "punch list" items identified by Tenant pursuant to Section 1(b) shall not affect the Commencement Date, unless they materially and adversely affect Tenant's ability to (i) operate its business in the Premises or (ii) complete Tenant's build out of the Premises. The Commencement Date shall be set forth in a Commencement Agreement, identical in the form to that attached hereto as Exhibit B and executed by Landlord and Tenant. 1 3. Use. The Premises are to be used and occupied solely for the purpose of providing banking and financial services and office space and for any other lawful use, but for no unlawful purpose. Tenant shall not use or allow the Premises to be used for any improper, immoral, disreputable or objectionable purpose, and Tenant shall not cause, maintain or permit any nuisance or waste in, on or about the Premises. Without limitation of the foregoing, in no event shall Tenant use or permit the use of all or any portion of the Premises (i) as and/or for sleeping quarters and/or lodging or (ii) for any unlawful purpose of any kind whatsoever and howsoever arising. View More Arrow
Term. Subject to and upon the terms and conditions set forth herein, or in any exhibit hereto, the term (together with any extensions or renewals thereof, the "Term") of this Lease shall commence on the Commencement Date (defined below) and shall expire one hundred eighty months (180) after the Commencement Date. "Commencement Date" shall mean the date Tenant begins its business operations in the Premises but in no event later than 30 days after Landlord completes Landlord's Work and delivers possessi...on of the Premises to Tenant by Landlord giving Tenant written notice. For purposes of clarification, immaterial "punch list" items identified by Tenant pursuant to Section 1(b) shall not affect the Commencement Date, unless they materially and adversely affect Tenant's ability to (i) operate its business in the Premises or (ii) complete Tenant's build out of the Premises. The Commencement Date shall be set forth in a Commencement Agreement, identical in the form to that attached hereto as Exhibit B and executed by Landlord and Tenant. 1 3. Use. The Premises are to be used and occupied solely for the purpose of providing banking and financial services and office space and for any other lawful use, but for no unlawful purpose. Tenant shall not use or allow the Premises to be used for any improper, immoral, disreputable or objectionable purpose, and Tenant shall not cause, maintain or permit any nuisance or waste in, on or about the Premises. Without limitation of the foregoing, in no event shall Tenant use or permit the use of all or any portion of the Premises (i) as and/or for sleeping quarters and/or lodging or (ii) for any unlawful purpose of any kind whatsoever and howsoever arising. View More Arrow
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Term. The term of this Agreement shall commence as of the date hereof and shall continue until the Director's removal or resignation.
Term. The term of this Agreement shall commence as of the date hereof Effective Time, and shall continue until the Director's removal or resignation.
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Term. Subject to the terms and conditions set forth herein, this Warrant shall be exercisable, in whole or in part, during the term commencing on the date hereof and concluding on the first to occur of the following (the "Expiration Date"): (a) September 21, 2027; or (b) any Qualified Liquidation/Change of Control Event (as such term is defined in the Organizational Documents). In connection with a Qualified Liquidation/Change of Control Event, the Company will provide Holder with written notice speci...fying, as the case may be, the date on which such event will occur. Such notice shall be delivered at least 15 days prior to the date therein specified for the occurrence of the Qualified Liquidation/Change of Control Event. For the avoidance of doubt, a Qualified Public Offering (as such term is defined in the Organizational Documents) shall not constitute a Qualified Liquidation/Change of Control Event. View More Arrow
Term. Subject to the terms and conditions set forth herein, this Warrant shall be exercisable, in whole or in part, during the term commencing on the date hereof and concluding on the first to occur of the following (the "Expiration Date"): (a) September 21, 2027; or the date that is twelve (12) years following the date hereof; (b) any Qualified Liquidation/Change of Control Event (as such term is defined in the Organizational Documents); or (c) upon a Qualified Public Offering (as such term is define...d in the Organizational Documents). In connection with a Qualified Liquidation/Change of Control Event, Event or Qualified Public Offering, the Company will provide Holder with written notice specifying, as the case may be, the date on which such event will occur. Such notice shall be delivered at least 15 days prior to the date therein specified for the occurrence of the Qualified Liquidation/Change of Control Event. For the avoidance of doubt, a Event or Qualified Public Offering (as such term is defined in the Organizational Documents) shall not constitute a Qualified Liquidation/Change of Control Event. Offering. View More Arrow
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Term. The Advisor shall render advisory services, on the terms and subject to the conditions set forth in this Agreement, for the period beginning on the Effective Date and ending on the first anniversary of the Effective Date, unless earlier terminated in accordance with Section 4 (the "Term").
Term. The Advisor shall render advisory services, on the terms and subject to the conditions set forth in this Agreement, for the period beginning on the Effective Date and ending on upon the first third anniversary of the Effective Date, Date unless earlier terminated in accordance with Section 4 9 (the "Term").
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