Term Contract Clauses (8,450)

Term. This Agreement shall be effective from the Effective Date first written above until December 31, 2021 (the "Term"). This Agreement shall be the sole agreement between the Parties related to PGT's purchase of glass products from Supplier, and shall be effective and supersede all prior agreements, understandings, arrangements, and negotiations, whether written or oral, related to PGT's purchase of glass products from Supplier, effective as of the Effective Date. Definitions. a. "Confidentiality Ag...reement" shall mean that certain Confidentiality Agreement by and between the Parties hereto, which is attached hereto as Schedule A and is incorporated herein by reference. b. "Delivery" shall mean the point in time when Products are tendered by Supplier, and accepted by PGT, at PGT's North Venice Plant. c. "Material Certificate" shall mean documentation confirming adherence to the Specifications. d. "Material Safety Data Sheet" shall mean documentation in conformance to OSHA requirements that shall provide detailed information on each hazardous chemical, if any, contained in or on the Products, or otherwise a component of the Products, including its potential hazardous effects, its physical and chemical characteristics, and recommendations for appropriate protective measures. e. "North Venice Plant" shall mean PGT's place of business located at 1070 Technology Drive, North Venice, FL34275, 3429 Technology Drive, North Venice, FL 34275, 104 Triple Diamond, North Venice, FL 34275, and any other facility located in the North Venice area that may be specified by PGT from time to time. f. "Price" shall mean the total delivered price PGT pays for each of the Products, delivered to the North Venice Plant, which prices are attached hereto as and described in Schedule B, which is incorporated herein by reference. g. "Products" shall mean goods produced by Supplier and purchased by PGT, as contemplated by this Agreement and listed on a Purchase Order. h. "Program" shall mean Vitro's Certified Commercial Window Fabricator Program for Commercial Window Fabricators. i. "Specifications" shall mean the designs, including dimensions, sizes, related drawings and requirements, performance requirements and/or functions, and other requirements for the Products set forth on Schedule C, which is attached hereto and is incorporated herein by reference. Each Specification is applicable only to those Products identified in the introduction to such Specification. View More

Term. The Company shall employ Employee from January 2, 2019 until such time as either party chooses to terminate the employment (the "Term"). The employment relationship shall be employment at-will, terminable by either party with or without cause.

Term. Your employment under this Agreement will begin on the Start Date, and will continue until December 31, 2018 (the "Initial Term"). Unless Lifeway's Board of Directors' (the "Board") or its Compensation Committee (the "Compensation Committee") provides written notice to you on or before that date, this Agreement will renew for a period of one (1) year thereafter (the "Term"), unless terminated earlier pursuant to this Agreement. On each January 1 thereafter (each, a "Renewal Date"), the Agreement... shall automatically renew, on the same terms and conditions, for successive Terms of one year, unless Lifeway's Board or its Compensation Committee provides written notice to you at least ninety (90) days prior to the applicable Renewal Date of Lifeway's intention not to renew the Agreement. The period during which you are employed by Lifeway is referred to as the "Employment Term". View More

Term. This SAR is not exercisable and shall terminate after the expiration of 10 years from the Grant Date and may terminate on an earlier date in the event of Grantee's Separation from Service. An unexercised (or as-yet unvested) SAR shall lapse and become unexerciseable 3 months following Grantee's Separation from Service, unless the termination is caused by death, in which case it shall continue to be exercisable for 12 months, or on account of Disability, or Separation from Service on or after age... 60 with at least 10 years of service (the latter circumstance referred to hereafter as a "Retirement"), in which cases Grantee's right to exercise the SAR (to the extent vested at such Separation) will continue until the 10-year expiration date. Notwithstanding the preceding sentence, the SAR will not continue to be exercisable after a Retirement beyond 3 months following the Grantee's Separation from Service, unless, within that 3-month period, the Grantee signs and delivers to the Company the Noncompetition Agreement attached hereto as Exhibit B and incorporated herein by reference. View More

Term. The term of this Agreement shall commence on the Effective Date and shall end on May 24, 2022 (the "Term End Date"), unless terminated earlier pursuant to the provisions of Section 6 or extended in accordance with Section 6(e)(v) (as applicable, the "Term"). 2 4. Compensation. (a) During the Term, the Executive shall be paid an annual base salary of $1,600,000, which may be subject to any increase from time to time by recommendation of the CEOs to, and approval by, the Board of Directors of Hold...ings (the "Board") or any committee thereof (such amount, as increased, the "Base Salary"). All amounts paid to the Executive under this Agreement shall be in U.S. dollars. The Base Salary shall be paid at least monthly and, at the option of the Company, may be paid more frequently. (b) On December 24, 2018 (the "Grant Date"), the Company shall cause Holdings to grant to the Executive the following: (i) an option to purchase shares of Holdings' common stock, par value $.001 per share (the "Common Stock"), at an exercise price equal to the closing price of the Common Stock on the Nasdaq Global Select Market on the Grant Date, with the number of shares of Common Stock subject to such option being that necessary to cause the Black-Scholes-Merton value of such option on the Grant Date to be equal to $3,750,000, determined by using inputs consistent with those Holdings uses for its financial reporting purposes. Such option shall be subject to the terms and conditions set forth in the Option Agreement attached to this Agreement as Exhibit A; (ii) a number of restricted stock units ("RSUs") equal to $3,750,000, divided by the closing price of the Common Stock on the Nasdaq Global Select Market on the Grant Date. Such RSUs shall be subject to the terms and conditions set forth in the Restricted Stock Unit Agreement attached to this Agreement as Exhibit B; and (iii) a number of performance-based restricted stock units ("PRSUs") equal to $7,500,000, divided by the closing price of the Common Stock on the Nasdaq Global Select Market on the Grant Date. Such PRSUs shall be subject to the terms and conditions set forth in the Performance–Based Restricted Stock Unit Agreement attached to this Agreement as Exhibit C. (c) All compensation paid to the Executive hereunder shall be subject to any payroll and withholding deductions required by applicable law, including, as and where applicable, federal, New York State and New York City income tax withholding, federal unemployment tax and social security (FICA). View More

Term. Section 2 of the Agreement is hereby deleted in its entirety and replaced with the following: "The Executive's employment pursuant to this Agreement shall be effective as of February 15, 2018, and shall terminate upon the earlier to occur of (i) the Executive's termination of employment pursuant to Section 4 hereunder and (ii) January 31, 2019. The period commencing as of February 15, 2018 and ending on January 31, 2019 is hereinafter referred to as the "Term". Before the end of the Term, the Co...mpany and the Executive shall commence discussions relating to the possibility of extending the term of Executive's employment with the Company, and the Company shall inform the Executive on or before November 1, 2018 (or such later date as the parties may mutually agree) if it does not intend to employ the Executive after expiration of the Term." 2. No Further Changes. Except with respect to the change made by Section 1 above, all of the terms and conditions of the Agreement remain in full force and effect. View More

Term. The initial term of this Agreement shall run for a period of 1-year from the Effective Date (such period, the "Term"), and may be terminated earlier as contemplated by Section 5. Termination of this Agreement due to its non-renewal shall not constitute a Termination for Cause or a resignation by Executive for Good Reason. In the event of a Change of Control, the Agreement shall automatically renew for a new 1-year Term on the effective date of the Change of Control ending on the anniversary of t...he Change of Control. View More

Term. (a) This Agreement shall continue for a period of one (1) year from the Effective Date and shall continue thereafter for as long as Director is elected as Chairman of the Board of Directors ("Chairman") of Company.

Term. This Agreement sets forth the terms and conditions of your employment that shall apply commencing on the Effective Date and ending upon termination of this Agreement by either party as described in Section 7 hereof (such period, the "Employment Term").

Term. The term of your employment under this Agreement shall commence as of the Effective Date and shall expire on May 1, 2020 (the "Initial Term"), unless sooner terminated as provided under the terms of this Agreement. Upon the scheduled expiration of the Initial Term, your employment may thereafter only be extended upon the express mutual written agreement of both you and the Company.