Term Contract Clauses (29,524)

Term. Subject to the terms of this paragraph, this The Plan will have a term of 2 years commencing on become effective upon the Effective Date (the "Initial Term"). At Date. The Plan automatically will expire 12 months after the end Effective Date, provided that, if a Change of the Term, this Plan will renew automatically for additional one year terms (each, an "Additional Term" and together with the Initial Term, the "Term") unless the Administrator provides the Participant notice of non-renewal at... least 30 days Control occurs prior to the date of automatic renewal. The Administrator may decide to sooner terminate this Plan before the end expiration of the Term in accordance with Section 14 below Plan, or if the affected Participant consents to an earlier termination. Any termination of this Plan by the Administrator must be in writing and will be taken in a non-fiduciary capacity. Neither the lapse of this Plan by its terms nor the termination of this Plan written agreement is signed by the Company will by itself constitute termination of employment or grounds for a Good Reason. transaction that (if effected) would constitute a Change of Control, the term of the Plan automatically will be extended as long as is necessary or appropriate to provide the Severance Benefits with respect to such Change of Control. If a Participant becomes entitled to Severance Benefits during the term of the Plan, the Plan will not terminate until all of the obligations of the Company with respect to the Plan have been satisfied. Further, if a Change in Control occurs when there are fewer than 3 months remaining during the Term, the Term will extend automatically through the date that is 12 months following the date of the Change in Control (unless the affected Participant consents to an earlier termination). Notwithstanding the foregoing, if during the Term, an initial occurrence of an act or omission by the company Company constituting the grounds for "Good Reason" in accordance with the definition herein Good Reason has occurred (the "Initial Grounds"), and the expiration date of the Cure Period (as such defined herein) with respect to such Initial Grounds could occur following the expiration of the Term, term of the Term Plan, then the term of the Plan will extend automatically through the date that is 30 days following the expiration of the such Cure Period, but such extension of the Term will term shall only apply with respect to the Initial Grounds. -8- 11 14. Amendment or Termination. The Company, by action of the Administrator, reserves the right to amend or terminate the Plan at any time, without advance notice to any Participant and without regard to the effect of the amendment or termination on any Participant or on any other individual; provided, however, that any amendment or termination of individual, subject to the Plan that is materially detrimental to a Participant prior to such amendment or termination of the Plan will not be effective with respect to such Participant without such Participant's prior written consent. following and Section 13. Any amendment or termination of the Plan will be in writing. Notwithstanding the foregoing, any amendment to the Plan that (a) causes an individual to cease to be a Participant, or (b) reduces or alters to the detriment of the Participant the Severance Benefits potentially payable to that Participant (including, without limitation, imposing additional conditions or modifying the timing of payment), will not be effective without that Participant's written consent. Any action of the Company in amending or terminating the Plan will be taken in a non-fiduciary capacity. View More

Term. No Option Award shall be granted pursuant to this Plan more than 10 years after the earlier of (a) the date on which this Plan is first approved by the stockholders of the Company Company, or (b) the date the Plan is adopted by the Board, Committee, but awards Awards granted prior to such date shall continue in effect thereafter subject to the terms thereof and of this Plan.

Term. The Company agrees to employ Executive, and Executive agrees to be employed by the Company, upon the terms and conditions set forth in this Agreement for a period (the "Initial Term") commencing on the Effective Date and ending on the second anniversary of such date, September 9, 2016 (the "Initial Term"), unless earlier terminated in accordance with Section 3. If neither party gives at least sixty (60) days written notice to the other party that it intends for this Agreement to terminate on ... class="diff-color-red">such second anniversary, September 9, 2016, then this Agreement shall continue for successive one year six month terms thereafter (each a "Renewal Term"), unless earlier terminated in accordance with Section 3, until either party gives at least sixty (60) days written notice to the other party that the other party intends for this Agreement to terminate at the end of any such one-year six month period. The Initial Term and any Renewal Terms shall, together, constitute the "Term". View More

Found in Midstates Petroleum Company, Inc. contract

Term. This Agreement shall be effective from the date of its execution by RHP and for the twenty-four (24) twelve (12) months next succeeding any Change of Control, and shall continue in effect from year to year after such twenty-four (24) twelve (12) month period, unless RHP shall notify Key Employee in writing 90 days in advance of an anniversary of its execution that the Agreement shall terminate or unless, prior to a Change of Control or the commencement of any discussion with a third person that... ultimately results in a Change of Control, the Key Employee ceases for any reason to be an employee of RHP in which event this Agreement shall immediately terminate and be of no further effect. View More

Term. The Contractor shall diligently perform the services described in Schedule A. During the term of this Agreement, which shall commence on the first business day after the effective termination date of the Previous Employment and shall continue in effect through November 15, 2026, 2031, unless otherwise terminated pursuant to the terms hereof (the "Term"). Any extension of the Term will be subject to mutual written agreement between the Company and the Consultant.

Term. The Purchase Price will be paid by Buyer as follows: 1 a) Within three (3) business ten (10) days of written demand by Seller, which may be provided at any time on or before the Effective Date of this Agreement, Closing Date, Buyer will shall deposit $150,000 $100.00 (the "Initial Earnest "Earnest Money") into an interest-bearing account with First American Title Insurance Company, 1380 17th Street, Denver, CO Colorado, 80202, Attn: Lisa Ray; Marina Garza; phone number: (303) 876-1134; 876-1112; email: [email protected] [email protected] (the "Closing Agent" or "Title Company" or "Escrow Agent"). The Initial Earnest Money, together with the Additional Earnest Money, as defined below, shall be collectively referred to as the "Earnest Money". Upon expiration of the Review Period (as defined below), Earnest Money shall become non-refundable, except as may otherwise be provided herein. non-refundable. The Earnest Money shall be credited against the Purchase Price when and if escrow closes and the sale is completed. Notwithstanding anything to the contrary contained herein, all $100.00 of the Earnest Money shall be considered non-refundable option consideration in consideration for the parties having entered into this Agreement. Any return of the Earnest Money to Buyer pursuant to the terms hereof shall be less the option consideration. b) Buyer will deposit the balance of the Purchase Price into escrow in sufficient time to allow escrow to close on the Closing Date. View More

Term. The financing arrangements contemplated hereby shall be in effect until the Revolving Credit Commitment Termination Date, and any then outstanding the Revolving Loan and all other Obligations shall be automatically due and payable in full on such date. Lead Borrower may terminate this Agreement at any time upon ten (10) days' prior written notice to the Lenders upon payment in full in cash of the Obligations. The security interests, Liens and rights granted to Lenders hereunder and the other... Loan Documents, and the financing statements (and equivalent filings) filed in connection herewith and therewith shall continue in full force and effect, notwithstanding the termination of this Agreement. Accordingly, the Lenders shall not be required to send termination statements to each Loan Party, or to file them with any filing office, until the payment in full in cash of the Obligations shall have occurred. 8.2 date 7.2 Survival of Obligations Upon Termination of Financing Arrangements. Except as otherwise expressly provided for in the Loan Documents, no termination or cancellation (regardless of cause or procedure) of any financing arrangement under this Agreement shall in any way affect or impair the obligations, duties and liabilities of any Borrower the Borrowers or the rights of the Agent and Lenders relating to any unpaid portion of the Revolving Loan or any other Obligations, due or not due, liquidated, contingent or unliquidated unliquidated, or any transaction or event occurring prior to such termination, or any transaction or event, the performance of which is required after the Revolving Credit Commitment Termination Date. Except as otherwise expressly provided herein or in any other Loan Document, all undertakings, agreements, covenants, warranties and representations of or binding upon any Borrower, the Borrowers, and all rights of the Lenders, Agent and each Lender, all as contained in the Loan Documents, shall not terminate or expire, but rather shall survive any such termination or cancellation and shall continue in full force and effect until the Termination Date; provided, however that in all events the provisions of Section 11, the payment of obligations under Sections 2.11 1.12 and 2.13, 1.13, and the indemnities contained in the Loan Documents shall survive the Termination Date. View More

Term. The Option shall continue in effect until the tenth (10th) anniversary of the Grant Date (the "Term"). During the Term, Optionee may exercise the Option in whole or in part at any time and from time to time. Thereafter, the Option (to the extent vested and exercisable) shall expire and become unexercisable. The foregoing notwithstanding, subject to the other provisions of the Plan, if Optionee's employment with, or other service to, the Company terminates for any reason (other than death,... Disability or Cause, as described in the Plan and as outlined below) or for no reason, then (i) any portion of the Option that is not then exercisable shall thereupon terminate, and (ii) any portion of the Option that is then exercisable shall remain exercisable during the 90-day period following such termination or, if sooner, until the expiration of the Term and, to the extent not exercised within such period, shall thereupon terminate. The foregoing notwithstanding, if Optionee's employment with, or other service to, the Company terminates by reason of death or Disability, then the phrase "90-day period following such termination" in subsection (ii) above shall be replaced with the phrase "one-year period following such termination." In addition, notwithstanding anything to the contrary set forth herein, if Optionee's employment or other service is terminated for Cause, then the Option, whether or not then exercisable, shall immediately terminate and cease to be exercisable. View More

Term. The term of this Agreement (the "Term") shall be the period commencing on the Effective Date and terminating upon the later of either (1) 2 1 years from the Effective Date, or (2) upon immediate 30-day written notice delivered by either party to the other for any or no reason.

Term. The Purchase Price will be paid by Buyer as follows: a) Within three (3) business days of the Effective Date of this Agreement, Buyer will deposit $50,000 $115,000 (the "Earnest Money") into an interest-bearing a non-interest-bearing account with First American Calloway Title Insurance Company, 1380 17th Street, Denver, CO 80202, and Escrow, LLC; Attn: Lisa Ray; Amanda Calloway; phone number: (303) 876-1134; email: [email protected] 678-406-8918 (the "Closing Agent" or "Title Company" or... "Escrow Agent"). Upon expiration of the Review Period (as defined below), Earnest Money shall become non-refundable. The Agent").The Earnest Money shall be credited against the Purchase Price when and if escrow closes and the sale is completed. b) Buyer will deposit the balance of the Purchase Price into escrow in sufficient time to allow escrow to close on the Closing Date. 1 5. Due Diligence. Buyer will have forty-five (45) twenty-one (21) days from the Effective Date date upon which Seller delivers all of this Agreement Seller's Materials to Buyer, (the "Review Period") to conduct all of its inspections and due diligence and satisfy itself regarding the Property and this transaction. Buyer agrees to indemnify and hold Seller harmless for any loss or damage to the Property or persons caused by Buyer or its agents arising out of such physical inspections of the Property, except to the extent such loss or damage are caused by the actions or negligence of Seller or its agents or any pre-existing condition of the Property, and this indemnity shall survive Closing or termination of this Agreement. Within three (3) business days of the Effective Date of this Agreement, Seller shall provide, to the extent such items are in its possession, the items listed on Exhibit "B" ("Seller's Materials"). Buyer and Seller agree that the date of final receipt of all Seller's Documents shall be memorialized through correspondence to be signed by Buyer and Seller. Buyer may cancel this Agreement before the expiration of the Review Period for any reason reason, or for no reason, in its sole discretion by delivering a cancellation notice to Seller and Closing Escrow Agent prior to the expiration of the Review Period. If this Agreement is not cancelled as set forth above, the Earnest Money shall be non-refundable unless Seller shall default hereunder, or in the event of a casualty or condemnation, subject to the provisions of Section 16 below. If Buyer cancels this Agreement before the expiration of the Review Period, as permitted under this Section, except for any escrow cancellation fees charged by the Title Company and any liabilities under the first paragraph of Section 5 of this Agreement and those provisions stating otherwise (which will survive), Seller (after execution of such documents reasonably requested by Seller to evidence the termination hereof) shall immediately return to Buyer its Earnest Money and Buyer neither party will have absolutely no any rights, claims remedies or interest of any type in connection with the Property or this transaction, regardless of any alleged conduct by Buyer, Seller or anyone else. If Buyer fails to close this transaction at no fault of Seller, Buyer will be irrevocably deemed in default obligations hereunder except as same may expressly survive cancellation of this Agreement. Upon default by Buyer, Seller may, as its option, retain the Earnest Money as its sole and exclusive remedy and declare this Agreement null and void, in which event Buyer will be deemed to have cancelled this Agreement and relinquish all rights in and to the Property, or Seller may exercise its rights hereunder. The Review Period will be deemed satisfied if Buyer has deposited the Earnest Money as required by Section 4 hereof, and this agreement Agreement is not cancelled. cancelled as set forth in this Section 5. View More