Term Contract Clauses (29,524)

Term. The purchase right represented by this Warrant is exercisable, in whole or in part, at any time and from time to time from the Date of Grant through seven (7) years after the Date of Grant (the "Term"). Notwithstanding the foregoing, the holder hereof agrees that prior to the earliest to occur of (a) the closing of an Acquisition Transaction (as defined below), (b) the Company's satisfaction of the conditions precedent to the making of Loan C D (as defined in that certain Venture Loan and... Security Agreement dated as of September __, 2014 by and among the Company, the holder and Fortress Credit Co LLC and Horizon Technology Finance Corporation (the "Loan Agreement")) as set forth in Section 3.3 of the Loan Agreement or (c) Loan C D is made to or on behalf of the Company, this Warrant shall not be exercisable, and the holder hereof shall not exercise this Warrant, for more than 16,556 24,834 of the original number of Shares issuable upon exercise of this Warrant. View More

Term. This Agreement and the Executive's employment are for an indefinite term. Therefore, a term of three (3) years from the Effective Date (the "Initial Term"), which will automatically renew in successive terms of one (1) year each (each a "Successive Term") unless the Corporation gives the Executive is employed on an at-will basis notice of nonrenewal ("Notice of Nonrenewal") more than twelve (12) months in advance of the expiration of the Initial Term or Successive Term, as the case may be (the... "Term Expiration"), in which case this Agreement and the Executive's employment shall terminate upon the Term Expiration. Subject to paragraph 6, either the Executive or the Corporation may terminate his the Executive's employment at any time and for any reason, with or without "cause" including, without limitation, as defined in paragraph 6.c. ; provided, however, other than in the case of termination by the Corporation for "cause" as defined in paragraph 6.c. or due to the Executive's death or disability as set forth in paragraphs 6.a. or 6.b., both the Corporation and the Executive shall give the other 30 days' prior written notice of termination. Notwithstanding the foregoing, the Corporation may, at its option, provide a cash payment up to 30 days' Base Salary in lieu of such 30 days' notice or any portion thereof. View More

Term. The employment of the Executive by the Company as provided in Section 1 hereof shall be deemed to have commenced prior to the date hereof. Unless sooner terminated as hereinafter set forth, the term of this Agreement shall commence on the Effective Date and shall end on March 31, 2017; 2023; provided, however, that this Agreement will automatically renew for additional one (1)-year periods (each a "Renewal Term") on each anniversary thereafter unless the Company and Parent deliver delivers to... the Executive written notice of intent not to renew at least thirty (30) days prior to the expiration of the term or any Renewal Term. If this Agreement is renewed for one (1) or more Renewal Terms, such Renewal Term shall be on the basis stated herein. For the avoidance of doubt, and subject to the Good Reason provisions contained herein, the parties hereby acknowledge and agree that the Executive's employment will not automatically terminate or end solely as a result of the expiration of the Agreement at the end of the term or any Renewal Term. View More

Term. The Company hereby employs the Executive, and the Executive hereby accepts such employment under this Agreement, for the period commencing on the Effective Date and ending on March 31, 2015 2016 or such earlier date as is determined in accordance with Section 11 (the "Term").

Term. Executive will be employed for no specific term and until terminated pursuant to Section 5, below, the terms of this Agreement. The Company and Executive shall each have a right to terminate this Agreement and Executive's employment as provided in Section 5. This Agreement may not be terminated without a related termination of Executive's employment. 5, below.

Term. Unless terminated earlier as provided for in this Agreement, the term of this Agreement shall be for two four years, commencing on the Effective Date April 9, 2016 and ending on April 8, 2016 2020 (the "Term"). If the employment relationship is terminated by either Party, Employee agrees to cooperate with the Company and with the Company's new management with respect to the transition of the new management in the functions operations previously performed by Employee. Upon Employee's... termination, Employee agrees to return to the Company all Company documents (and all copies thereof), any other Company property in Employee's possession or control, and any materials of any kind that contain or embody any proprietary or confidential material of the Company. View More

Term. Waters Zender shall serve as Director for an initial term commencing on April May 1, 2015 2014 ("Effective Date") and continuing for twelve (12) months from the Effective Date or until the next annual meeting of the Company's shareholders, whichever comes first. After this initial term, Waters Zender shall serve at the pleasure of the Board or until the next shareholder meeting whereby an election is held pertaining to the Director position held by Waters, Zender, whichever comes first. Waters Director may voluntarily resign his position as Director at any time and without penalty or liability of any kind. View More

Term. Subject to Section 6, the Executive's employment will be for an initial term of two (2) years, deemed to be effective from March 10, 2014 to March 9, 10, 2016 (the "Initial Employment Term"). At the end of the Initial Employment Term and on each succeeding March 9th, 10th, the Employment Term will be automatically extended by one additional year (each, a "Renewal Term"), unless, not less than 60 days prior to the end of the Initial Employment Term or any Renewal Term, either the Executive or... the Company has given the other written notice of nonrenewal. Without limiting the generality or effect of the foregoing, the Executive will, if applicable, provide the Company with written notice of the Executive's intent to terminate employment with the Company at least 60 days prior to the effective date of such termination. View More

Term. The Employee's term as President and CEO of employment commenced on July 18, 2013. March 1, 2012. The Employee shall be an "at-will" employee of the Company whose employment may be terminated (by the Company or by the Employee) at any time, for any or no reason.

Term. The term of this Agreement shall commence on the Effective Date and, unless terminated earlier as provided below in Article 8, this Agreement shall expire on the date on which no Valid Claim in a Licensed Patent is valid and subsisting or pending in any country in the Territory. Following expiration of this Agreement agreement due to expiration of all Licensed Patents (but not for an earlier termination), University agrees that Company's non-exclusive license under the Know-How shall survive on... a fully paid-up basis. View More