Term Contract Clauses (8,450)

Term. The Term of this Agreement shall be for a period of one (1) year (the "Term"): provided, however, the parties may terminate upon providing thirty (30) days written notice. Further, the Company may extend the Term for six (6) month intervals by providing the Consultant w written notice of its intent to extend the Term prior to the expiration of the Term.

Term. Subject to the provisions for termination hereinafter provided, the Employee's employment hereunder shall begin on the date hereof, and shall terminate on the two year anniversary date of this Agreement.

Term. The term of this Agreement shall continue until the termination or expiration of the Restated PPA. Within 30 days of termination, all borrowed railcars will be returned to the Facility or other location designated by Smart Sand, and all outstanding fees, and, if this Agreement is terminated or expires prior to July 31, 2020 (other than due to a breach by Smart Sand), an amount equal to *** multiplied by the number of railcars set forth on Schedule A (i.e. ***) multiplied by the number of months ...between the effective date of termination and July 31, 2020, must be paid to Smart Sand. View More

Term. The term ("Term") of Carson's employment shall commence on June 1, 2016 and shall continue through and including May 31, 2017, unless earlier terminated as herein provided for in this Agreement. Prior to expiration of the Term, Magellan and Carson may agree to extend the Term under new terms of compensation and conditions of employment, it being agreed that any such extension must be in writing signed by both parties.

Term. Maturity Date. The Principal Amount shall be due and payable to the Lender on or before December 31, 2015 (the "Maturity Date").

Term. The term ("Term") of this Agreement shall commence on the Effective Date and shall continue unless terminated in accordance with Section 5 hereof.

Term. This Agreement shall commence on the Effective Date and shall continue until such times as notice of termination of this Agreement is given in writing by either Company or Executive to the other as in accordance with paragraph/Section 5, or upon with three (3) months' notice by either party. Renewal of this Agreement may be made on such terms as the parties may agree.

Term. Subject to prior termination, the term (the "Term") of this Agreement shall be for a period of twenty (20) years commencing on the Effective Date.

Term. (a) This demise shall be for the term (hereinafter referred to as the "Term") beginning on the "Commencement Date" of the Term as defined in Article 3(b) of this Lease and ending, without the necessity of notice from either Party to the other, seventy-two (72) months from and after the Commencement Date if the Commencement Date shall be the first day of a month, or if the Commencement Date shall be any day other than the first day of the month, then from and after the first day of the month next... following the Commencement Date. (b) The Term shall commence on the date which is the earlier of: (a) when a Temporary Certificate of Occupancy is obtained for the premises, or (b) the first business date that is one hundred and twenty (120) days following execution of this Lease by Landlord and Tenant. (The date identified pursuant to this section shall be the "Commencement Date"). (c) When the Commencement Date is established, Landlord and Tenant shall promptly, but in no event more than five (5) business days later, execute and acknowledge a memorandum, in the form attached hereto as Exhibit "C", with the agreed upon Commencement Date and the date of expiration of the Term (the "Expiration Date"). (d) If the Tenant or any person claiming through the Tenant shall have continued to occupy the Premises after the Expiration Date or earlier termination of the Term or any renewal thereof, and if the Landlord shall have consented in writing to such continuation of occupancy, such occupancy (unless the Parties hereto shall have otherwise agreed in writing) shall be deemed to be under a month-to-month tenancy. The month-to-month tenancy shall continue until either party shall have notified the other in writing, at least ninety (90) days prior to the end of any calendar month, that the Party giving such notice elects to terminate the month-to-month tenancy at the end of that calendar month, in which event, such tenancy shall so terminate. If such occupancy shall have continued without Landlord's written consent, then such occupancy shall be in violation of this Lease, in which event, Tenant (i) shall be liable for any and all losses, claims, costs, expenses and damages (specifically excluding consequential damages) suffered or incurred by Landlord (including, without limit thereto, court costs and counsel fees), whether foreseen or unforeseen as a result of such continued occupancy, and Landlord shall have all of the rights and remedies available under this Lease, or at law or in equity, for such violation and, without limitation of the foregoing clause (i), (ii) will indemnify and hold harmless Landlord from and against all claims and demands made by succeeding tenants against Landlord, founded upon delay by Landlord in delivering possession of the Premises to such succeeding tenant The Fixed Rent payable with respect to each monthly period of any month-to-month tenancy under this section (and to each monthly period of continued occupancy which may occur after the Expiration Date without Landlord's consent) shall equal one hundred and fifty percent (150%) of the Fixed Rent payable under Article 4(b) paid for the immediately preceding lease year. Any month-to-month tenancy arising with Landlord's consent shall be upon the same teens and subject to the same conditions as those which are set forth in this Lease, except as otherwise set forth in this subparagraph (f), provided that if the Landlord shall have given to the Tenant, at least thirty (30) days prior to the expiration or earlier termination of the Term or any renewal thereof or prior to the end of any month of a month-to-month tenancy, written notice that the Tenant's occupancy following such month or expiration or termination (as the case may be) shall be subject to such modifications of the terms and conditions of this Lease (including any provision relating to the amount and payment of rent) as are specified in such notice, the Tenant's occupancy following such month or expiration or termination (as the case may be) shall be subject to the provisions of this Lease as so modified. View More

Term. The Executive's employment under this Agreement shall commence on the date first written above, which such date of commencement of employment will be hereinafter referred to as the "Effective Date." The period from the Effective Date until the termination of the Executive's employment under this Agreement is hereinafter referred to as "the term of this Agreement" or "the term hereof." 3. Compensation. 3.1 Base Salary. During the term hereof, the Executive's base salary (the "Base Salary") shall ...be paid in accordance with the Corporation's regular payroll practices in effect from time to time, but not less frequently than in monthly installments. As of the Effective 2 Date, the Executive's Base Salary shall be at an annualized rate of $375,000. During the term hereof, the Corporation may review and adjust the Executive's rate of Base Salary from time to time. 3.2 Incentive Bonus. During the term hereof, in addition to the Base Salary, the Executive shall be eligible to receive an incentive bonus ("Incentive Bonus") for each fiscal year with a target amount of 70% of the Executive's Base Salary (the "Target Incentive Bonus") and a maximum amount of 140% of the Executive's Base Salarya. The actual amount of any Incentive Bonus earned by the Executive shall be determined in good faith by the Compensation Committee of the Board (the "Compensation Committee") in its reasonable discretion and subject to the terms of the then-applicable incentive bonus plan, based on the achievement of performance objectives established for the particular performance period by the Board or the Compensation Committee pursuant to such incentive bonus plan. The Incentive Bonus earned for each applicable performance period (if any) shall be paid in accordance with the terms of the applicable incentive bonus plan, subject to the Executive's continued employment by the Corporation or its affiliates through the applicable payment date. 3.3 Retention Sign-On Bonus. Except as provided in Section 5.3(b) of this Agreement, subject to the Executive's continued employment with the Corporation through September 30, 2014 (the "Retention Sign-On Bonus Payment Date"), the Corporation shall pay the Executive a retention sign-on bonus of $40,000 as soon as practicable, but in any event no later than ten days following the Retention Sign-On Bonus Payment Date. 3.4 Equity Compensation. Following the Effective Date, the Executive shall, in addition to the Base Salary and Incentive Bonus and the restricted stock award and stock option awards granted to the Executive pursuant to the Prior Offer Letter, receive (i) a grant of equity-based compensation in the form of a stock option grant (the "Additional Stock Option Award") under the Ichor Holdings, Ltd. 2012 Equity Incentive Plan, as the same may be amended from time to time (the "Equity Plan") and (ii) a grant of equity-based compensation in the form of a restricted share grant (the "Additional Restricted Share Award" and, together with the Additional Stock Option Award, the "Additional Equity Awards") under the Equity Plan. The grant of the Additional Equity Awards will be made at the first regular meeting of the Compensation Committee following the Effective Date. The terms and conditions of the Additional Equity Awards shall be documented in the corresponding equity award agreements between Parent and the Executive, which are attached as Exhibits B and C hereto. View More