Term Contract Clauses (29,524)

Term. The term of employment under the Original Agreement began on January 1, 2005, for a period of three (3) years until December 31, 2007. Under the Original Agreement, effective each January 1, beginning effective January 1, 2006, the scheduled term of the Original Agreement was automatically extended for successive one (1)-year periods. Most recently, the term was automatically extended on January 1, 2015, such that the current term is through December 31, 2017. Under this Agreement, the term... shall continue to be extended for one (1)-year periods as of each January 1, beginning January 1, 2016, unless written notice of termination is given prior to such annual date by one party to the other party that the Agreement will not be extended by its terms. View More

Term. The term of this Agreement shall commence on the date hereof and shall continue until the date that is two (2) months from the date ("Effective Date") set forth above (the "Initial Term"). Unless either party has advised the other party with written notice by the date that is fifteen days prior to the last day of the Initial Term or, if applicable, the Renewal Term (as hereinafter defined), of such party's intent that this Agreement terminate immediately upon expiration of such term, then this... Agreement shall be extended for subsequent two-month terms (each, a "Renewal Term"). View More

Term. This Agreement shall continue in full force and effect until December 31, 2020 (the "Initial Termination Date"); provided that the Initial Termination Date shall be automatically extended on each December 31 thereafter for an additional year (so that the remaining term is always ten years) unless the Univision Corporations or the Manager/Televisa Majority provide written notice of their desire not to automatically extend the term for such additional year to the other parties hereto at least... ninety (90) days prior to such December 31; provided, further, (a) that the Manager/Televisa Majority may cause this Agreement to terminate at any time, and (b) this Agreement shall terminate automatically, without the requirement of notice, immediately prior to the earlier of (x) an Initial Public Offering, and (y) a Change of Control, unless the Manager/Televisa Majority determines otherwise. In the event of a termination of this Agreement, the Univision Corporations, jointly and severally, shall pay 4 each of the Managers (or such Affiliates as they may respectively designate) (i) all unpaid Managers Periodic Fees (pursuant to Section 2(b) above), Managers Subsequent Fees (pursuant to Section 2(c) above) and Reimbursable Expenses (pursuant to Section 4 below) due with respect to periods prior to the date of termination, plus, in the case of a termination pursuant to the foregoing clause (b) only, (ii) the sum of the net present values (using discount rates equal to the then yield on U.S. Treasury securities of like maturity) of the Managers Periodic Fees (as of such termination date) that would have been payable with respect to the period from the date of termination until the expiration date in effect immediately prior to such termination (such amount pursuant to this clause (ii), the "Managers Termination Amount"). The Managers Termination Amount shall be calculated, assuming, for such purposes, that (1) the baseline EBITDA for purposes of such calculation is the greater of (A) EBITDA for the most recently completed quarter and (B) the average of the EBITDA for the last four completed quarters and (2) EBITDA would have grown during each subsequent quarter until the expiration date in effect immediately prior to such termination at a rate reflecting the greater of (A) a compounded annual growth rate of 10%, and (B) the compounded annual growth rate of the last two completed fiscal years. The Managers Termination Amount shall be divided among the Managers according to the Managers' Pro Rata Percentage, as of such termination date. Sections 4 and 5 of this Agreement shall survive any termination of this Agreement with respect to matters occurring before, on or after the date of such termination. View More

Term. The term of the Option shall be for a period of ten years from the date hereof and shall expire at the close of regular business hours at the Company's principal office, Houston Wire & Cable Company, 10201 North Loop East, Houston, Texas 77029 on the last day of the term of the Option, unless the Option terminates earlier as herein provided. Notwithstanding the foregoing, (a) if your service as a member of the Board terminates for any reason other than your death or Disability, the then vested... portion of the Option shall continue to be exercisable until the earlier of (i) the 60th day after the date of such termination or (ii) ten years after the date hereof, and (b) if your service as a member of the Board terminates due to your death or Disability, the then vested portion of the Option shall continue to be exercisable until the earlier of (i) 12 months after the date of such termination or (ii) ten years after the date hereof. In any event, any portion of the Option that is not vested as of the date of termination of your service shall expire as of such date and shall not be exercisable. "Disability" means that, in the sole judgment of the Committee, you are (x) unable to perform your duties with the Company for 60 consecutive days or 90 cumulative days during any six-month period or (y) eligible for long-term disability benefits under the Company's plans, programs or policies, in either case as a result of injury, mental illness or physical illness. View More

Term. The term of this Agreement shall commence from the Effective Date and shall continue until the close of business of the day preceding the third (3rd) anniversary of the Effective Date; provided, however, that commencing on the second (2nd) anniversary of the Effective Date (and each anniversary of the Effective Date thereafter), the term of this Agreement shall automatically be extended for one (1) additional year, unless at least ninety (90) days prior to such date, the Company or the... Executive shall give written notice to the other party that the Company or the Executive, as the case may be, does not wish to so extend this Agreement. Notwithstanding the foregoing, if the Company gives such written notice to the Executive less than one (1) year after a Change in Control, the term of this Agreement shall be automatically extended until the later of (a) the date that is one (1) year after the anniversary of the Effective Date that follows such written notice or (b) the second (2nd) anniversary of the Change in Control. View More

Term. This Agreement shall continue for a term commencing on the Execution Date and ending on the fourth anniversary of the Execution Date (the "Initial Term"), and shall be automatically renewed from year to year thereafter for successive one-year terms (each, a "Renewal Term"), unless at least 30 days prior to the expiration of the Initial Term or any Renewal Term, either Party gives written notice of non-renewal to the other, in which case this Agreement will expire at the conclusion of either the... Initial Term or the Renewal Term, whichever is applicable. Notwithstanding any provision of this Agreement to the contrary, this Agreement may be terminated at any time prior to the expiration of the Initial Term or a Renewal Term (as applicable), as provided in Section 2 below. View More

Term. The "Term" means the period commencing as of the date hereof and expiring as of December 31, 2018. However, commencing on January 1, 2019 and each January 1 thereafter, the Term will automatically be extended for an additional year unless, not later than September 30th of the immediately preceding year, the Company or you shall have given notice that it or you, as the case may be, do not wish to have the Term extended, provided that the Company may not provide such notice of non-extension... during the Protected Period (as defined below). This Agreement, including your obligations under Section 8 hereof, shall survive expiration or termination of the Term or of your employment with the Company. View More

Term. The term of this Agreement is effective as of the Effective Date and will continue through the first anniversary of the Effective Date, unless terminated or extended as hereinafter provided. This Agreement shall be extended for successive one-year periods following the original term (through each subsequent anniversary thereafter) unless any party notifies the other in writing at least 30 days prior to the end of the original term, or the end of any additional one-year renewal term, that the... Agreement shall not be extended beyond its then current term. The term of this Agreement, including any renewal term, is referred to herein as the "Term." View More

Term. Subject to the terms of this Agreement, this Agreement will remain in effect for a period commencing on your Start Date and ending on the first anniversary thereof (the "Initial Term"). Following the Initial Term, this Agreement shall automatically be renewed for additional terms of one year on the last day of the Initial Term and each subsequent anniversary of the last day of the Initial Term (the Initial Term and any annual extension of the term of the Agreement, referenced herein as the... "Employment Term"), unless either party hereto gives the other party written notice of non-renewal at least ninety (90) days prior to such last day or anniversary. Upon any termination of employment (whether or not during an Employment Term or upon notice of non-renewal under this Section 2), and to the extent requested in writing by the Company, you agree to resign from all positions you may hold with the Company and any of its subsidiaries or affiliated entities at such time (including as a member of the Board and the boards or equivalent governing bodies of any subsidiaries or entities). View More

Term. Section 4(a) of the Agreement is amended and restated in its entirety as follows: "(a) Unless terminated earlier as provided for in this Agreement, the term of this Agreement (the "Term") shall commence on the Effective Date and continue in effect through December 31, 2019, provided that commencing on January 1, 2020 and each January 1 thereafter, the Term shall be automatically extended for one additional year unless the Company shall have delivered to Employee, at least three months prior to... the scheduled expiration of the Term (or any extension thereof), written notice that the Term will not be extended." View More