Term Contract Clauses (29,524)

Term. This Agreement shall be effective from 11/1/2019 27 November 2018, ("the Commencement Date"), through employees' resignation and or unless amended by subsequent written agreement of the parties or terminated as provided herein. The Employee shall be considered a full-time employee as of the Commencement Date and will serve at the will of the Board of Directors. OTCQB: TNTY www.truenatureholding.com CEO. 1 3. Compensation. (a) Employee shall be paid an annual base salary of $250,000.00 One... Hundred Thousand ($100,000) Dollars payable in accordance with the Employer's standard payroll procedures, with a performance and salary review to be conducted annually, at which time the Employee's salary shall be adjusted in accordance with applicable compensation policies. (b) In addition, Employee shall be eligible to receive a bonus target of 25% 100% of base compensation based upon MBOs commencing fiscal year 2020, 2019, if approved by the Compensation Committee in its sole discretion. (c) The Employee agrees that their Compensation will accrue from the Commencement Date of this agreement until such time as the Company, as determined by the Board, has sufficient funding. (d) The Employee may receive certain grants of Restricted Common Stock, and those grants may be subject to certain vesting, or reverse vesting, conditions, including, but not limited to the tenure of the Employee, or achievement of certain objectives, as further defined in a Restricted Stock Grant Agreement, and generally under the terms as noted below: 1. Grant of Restricted Stock. True Nature Holding, Inc. (the "Company") hereby grants to Grantee an Award of shares of Restricted Common Stock of the Company (collectively, the "Restricted Stock") pursuant to reverse vesting terms. The Restricted Stock granted pursuant to the Award shall be immediately issued in an escrow account the name of the Grantee and released as reverse vesting expires. Any unearned Restricted Stock granted shall be cancelled in the event the Employee is terminated by the Employer. An initial grant of 1,000,000 of shares of restricted stock will be awarded with signature on this agreement. This award is in addition to all other shares owned , or granted by the Company. View More

Term. The Company agrees to employ Executive and Executive hereby accepts such employment, in accordance with the terms of this Agreement. Subject to Section 5, the term of Executive's employment shall commence on the date hereof and continue for three (3) years thereafter unless this Agreement is earlier terminated as provided herein (the "Term"); provided, however, that unless the Company gives written notice to Executive at least thirty (30) days prior to the end of the Term of this Agreement (as... the Term may be extended pursuant to this Section 1), on each anniversary of the date hereof, the Term of this Agreement shall automatically be extended for an additional one (1) year period. Executive shall use his best efforts and abilities to promote the Company's interests and shall perform faithfully the services contemplated by this Agreement in accordance with the Company's policies as established by the Board of Directors of the Company. View More

Term. Subject to the termination provisions set forth in Section 10 8 below, Employee shall be employed by the term of Employee's employment with the Company under this Agreement beginning shall commence on the Effective Date and continuing shall continue thereafter for a period of three years (3) years twelve months from the full execution of this Agreement (the "Initial Term"); provided, however, that following the Initial Term, the term of this Agreement shall be automatically extended for... successive terms of one (1) year each (each a "Renewal Term"), unless either party notifies the other party in writing of its desire to terminate this Agreement at least sixty (60) days before the end of the Initial Term or a Renewal Term then in effect. Collectively, the Initial Term and any subsequent Renewal Term(s) (or any portion thereof) shall be referred to herein as effect (collectively, the "Employment Term." Term"). View More

Term. The term ("Term") of employment under this Agreement shall commence on December 4, 2019 October 19, 2020 (the "Commencement Date") and shall continue until the third fifth anniversary date following the Commencement Date and shall be automatically renewable for successive one year periods, unless terminated as provided herein. The Term of employment shall terminate: a. after three years from the Commencement Date, if either Party gives more than sixty thirty days prior written notice to the... other Party that it wishes to terminate this Agreement; and 1 b. immediately upon receipt of written notice for Just Cause or Good Reason. For purposes of this Agreement, the term "Just Cause" shall mean the occurrence of any one or more of the following events: (i) the breach by the Executive of his covenants under this Agreement; (ii) the Executive's refusal to perform, or his substantial neglect of, the duties assigned to the Executive pursuant to Paragraph 1 hereof; (iii) the commission by the Executive of theft or embezzlement of Corporation property or other acts of dishonesty; (iv) the commission by the Executive of a crime resulting in injury to the business, property or reputation of the Corporation or any affiliate of the Corporation or commission of other significant activities harmful to the business or reputation of the Corporation or any affiliate of the Corporation; (v) any significant violation of any statutory or common law duty of loyalty to the Corporation; (vi) Executive's neglect of his duties hereunder or his failure to devote the time and attention to the Corporation's business required herein; or (vii) Executive's intentional violation of Corporation's rules, regulations, procedures or other policies. For purposes of this Agreement, the term "Good Reason" shall mean the occurrence of any one or more of the following events: (i) the Corporation's material breach of this Agreement; or (ii) a material change in Executive's compensation and/or responsibilities unless such change is agreed to in advance by Executive. On the effective date of termination of this Agreement for any reason, including, without limitation, the expiration of the Term, and regardless of which Party effects the termination, the Executive shall return to the Corporation all Proprietary Information (as defined hereinafter), and any other property belonging to the Corporation. If the Corporation terminates Executive's employment without Just Cause or Executive terminates employment with Good Reason, Executive shall be entitled to accrued but unpaid salary and benefits through the date of termination and shall receive a severance payment equal to one-month's current salary for each full year of employment, with a minimum severance payment of three (3) months and a maximum of six (6) months' pay; provided however, that Executive's receipt of any severance payment shall be contingent on Executive signing a separate agreement releasing all claims against the Corporation arising out of Executive's employment. If Executive is terminated for Just Cause or resigns without Good Reason, Executive shall be entitled only to salary and benefits accrued but unpaid through the date of termination and shall receive no amount for severance. 2 4. Compensation. Salary Compensation. During the Term, the Corporation shall pay the Executive a salary in the amount of Ten Thousand Dollars ($10,000) per month commencing when the Corporation receives its first round of equity or debt financing. b. Sign-On Bonus. In recognition of the efforts that Executive shall invest without cash compensation to achieve Corporation's compliance with OTCMarkets, SEC and FINRA, the Corporation's Board of Directors shall issue a sign-on bonus of 500,000 shares of the Corporation's Restricted Common Stock on or before January 31, 2020. c. Stock Grant Compensation. The Corporation shall issue restricted shares in the form of stock grants equivalent to 6,120,000 shares of the Corporation's Common Stock over a 3 year period. Stock Grant shares shall vest 170,000 shares each month after the Stock Grant date, December 4, 2019, over a three year period, except that all unvested Stock Grant shares shall vest immediately if the Corporation terminates Executive's employment without Just Cause, or Executive resigns for Good Reason. The number of shares vested shall be adjusted in the event of subsequent stock splits. If Executive fails to give Corporation 90 days notice of termination without Good Reason, he shall forfeit all unvested Stock Grant shares. Expenses. The Corporation shall pay Executive's out of pocket expenses provided such expenses are within the Corporation's guidelines. The Executive shall provide the Corporation with an expense report and such substantiating documents as the Corporation requests from time to time. View More

Term. The term of this Agreement shall be for a period of Five (5) years One Year (1) year commencing on the date hereof, September 1, 2014, unless terminated earlier pursuant to Section 7 below; provided, however, that Executive's obligations in Section 6 below shall continue in effect after such termination. 2.1 Post Term Employment. Should Executive remain employed by Company beyond the expiration of the Term, Term such employment shall convert to a month-to-month relationship terminable at any... time by either Company or Executive for any reason whatsoever, with or without cause. View More

Term. The initial term of this Agreement shall be one (1) year from the Effective Date ("Initial Term"), unless otherwise terminated pursuant to Section 4 of this Agreement. This Agreement shall automatically renew for four (4) successive one (1) year terms unless either party gives written notice of its or his intent not to renew this Agreement at least sixty (60) days prior to the expiration of the then-current term. Executive's continued employment after the expiration of the Initial Term shall be... in accordance with and governed by this Agreement, unless modified by the parties to this Agreement in writing. References herein to the "Term" shall refer both to the Initial Term and any successive term as the context requires. In the event Executive continues employment after the expiration of the final one (1) year renewal term and the parties do not enter into a new contract for employment, Executive's continued employment after the nature expiration of such continued employment final one (1) year renewal term shall be at-will. in accordance with and governed by this Agreement, unless modified by the parties to this Agreement in writing, and references herein to the "Term" of this Agreement shall be deemed to include the period of continuation after expiration of such final one (1) year renewal term. View More

Term. The term of this Agreement shall begin on the Effective Date effective date stated above and shall remain in effect for three (3) four (4) years, unless terminated pursuant to Section 10. 9. If the Agreement is not terminated pursuant to Section 10, 9, the Agreement shall continue from year to year, unless either party to the Agreement gives written notice to the other of a desire to change, amend, modify or terminate the Agreement, at least sixty (60) days prior to the end of the then existing... term of the Agreement. View More

Term. Employee will commence his employment as CFO of the Company under the terms of this Agreement starting on June 30, 2022 (the "Commencement Date"). The term of this Agreement shall be for a three (3) two (2) year period commencing on the Effective Commencement Date (the "Initial Term"). The term of this Agreement shall automatically renew for an additional year two (2) years (each, a "Renewal Term") following the Initial Term and any Renewal Term unless either Party provides written notice to... the other Party at least sixty (60) days before the end of the Initial Term or any Renewal Term, as applicable, that it does not desire to renew this Agreement, in which case this Agreement shall expire at the end of the Initial Term or any Renewal Term, as applicable. The Initial Term and any Renewal Term are referred to herein collectively as the "Term". View More

Term. The "Term" shall be the period commencing on the Start Date and ending at the close of business on the day before the third (3rd) anniversary of the Start Date, unless Executive's employment with the Company terminates earlier pursuant to Section 5. The Term shall be extended automatically by successive one (1) year periods unless either party provides the other party with written notice of an intention not to renew terminate the Term Agreement at least thirty (30) ninety (90) days prior to... such termination or renewal date. The "Term" shall include any such automatic one (1) year extensions. The Term may be further modified only by a written agreement between the parties and in such case, the term "Term" shall be deemed to mean the Term as so modified. Notwithstanding anything Subject to the contrary in terms of this Agreement, Executive's employment with the Company shall be "at will." View More

Term. Your employment with the Company is at-will and either you or the Company may terminate your employment at any time and for any reason, with or without Cause Cause/Good Reason (as each are defined below), in each case subject to the terms and provisions of this Agreement. Unless terminated earlier, this Agreement will extend through the two (2) year fifth anniversary of the Effective Start Date ("Expiration Date"); provided, however, on the two (2) year such fourth anniversary of the Effective Start Date (and on each subsequent anniversary thereafter) the Expiration Date will automatically be extended by an additional year unless either party has provided written notice to the other party at least three (3) months 90 days before the applicable Expiration Date anniversary that such party will not agree to so extend the Agreement. The terms of Sections 8 through 17 will survive any termination or expiration of this Agreement or of your employment. View More