Term Contract Clauses (8,450)

Term. The initial term of Executive's employment by the Bank under this Agreement shall terminate on December 31, 2010 (the "Employment Period"); provided, however, that commencing on January 1, 2011, and on each anniversary of such date (each a "Renewal Date"), the Employment Period shall be automatically extended so as to terminate one (1) year from such Renewal Date. If, at least ninety (90) days prior to any Renewal Date, the Bank gives Executive notice that the Employment Period will not be so ex...tended, this Agreement will continue for the remainder of the then current Employment Period and then expire. The Employment Period may be sooner terminated under Section 6 of this Agreement. View More

Term. This Agreement shall continue in effect so long as the Loan Agreement remains in effect with respect to the Secured Obligations, unless this Agreement has been previously terminated in accordance with Section 7 hereof.

Term. The Executive's employment under this Agreement shall commence on the Effective Date. The period from the Effective Date until the first to occur of (i) the three (3) year anniversary of the Effective Date, (ii) the termination of the Executive's employment under this Agreement, or (iii) the termination of this Agreement, pursuant to the terms hereof, is hereinafter referred to as the "Term" or "the term of this Agreement" or "the term hereof." The Company shall have the right to extend the Term... at the end of the 3 years upon acceptance by the Executive. 2 3. Compensation. 3.1 Base Salary. During the Term, the Executive's base salary (the "Base Salary") shall be paid in accordance with the Company's regular payroll practices in effect from time to time, but not less frequently than in monthly installments. Starting with the first day of Executive's employment, the Executive's Base Salary shall be paid at a monthly rate as follows: (i) if net sales generated by the Company are less than $50,000 and net profit margin on the aggregate sales is less than 35%, no Base Salary is payable; (ii) if net sales generated by the Company are $50,000 or more but less than $75,000 and net profit margin on the aggregate sales is less than 35%, the Base Salary shall be $6,000; (iii) if net sales generated by the Company are $75,000 or more but less than $100,000 and net profit margin on the aggregate sales is less than 35%, the Base Salary shall be $9,000; and (iv) if net sales generated by the Company are $100,000 or more and net profit margin on the aggregate sales is less than 35%, the Base Salary shall be $15,000. Net sales generated by the Company shall include all types of amniotic contained products, all hard goods such as centrifuges, freezers, stem kit products and cell-based products. Although the Base Salary shall be computed on a monthly basis, Base Salary is due and payable bi-monthly to the Executive. 3.2 Incentive Bonus. During the Term, the Executive shall be eligible to earn a performance incentive bonus as determined by the Board in its sole and absolute discretion. Within thirty days of the execution and delivery of the Agreement, Public Parent shall issue to the Executive 12,500 restricted shares of common stock. 3 4. Benefits. 4.1 Retirement, Welfare and Fringe Benefits. During the term hereof, the Executive shall be eligible to participate in all employee welfare benefit plans and programs made available by the Company to the Company's similarly situated employees generally, in accordance with the terms of such plans and as such plans or programs may be in effect from time to time. 4.2 Reimbursement of Business Expenses. During the term hereof, the Executive shall be authorized to incur reasonable expenses in carrying out the Executive's duties for the Company under this Agreement and shall be eligible for reimbursement of all reasonable business expenses the Executive incurs during the term hereof in connection with carrying out the Executive's duties for the Company, subject to the Company's expense reimbursement policies as in effect from time to time. 4.3 Vacation and Other Leave. During the term hereof, the Executive's annual rate of vacation accrual shall be three (3) weeks per year; provided that such vacation shall accrue and be subject to the Company's vacation policies as in effect from time to time to the extent applicable to Florida-based employees. The Executive shall also be eligible for all other holiday and leave pay generally available to other similarly situated employees of the Company. The Executive acknowledges and agrees that the Company has the right, which may be exercised from time-to-time, to revise its vacation policies and all other holiday and leave pay policies. View More

Term. The term of this Agreement shall be for a period of eighteen (18) months commencing as of the Effective Date and ending eighteen (18) months after the Employment Termination Date ("Expiration Date"), unless terminated earlier in accordance with Section 3 (the "Term").

Term. The term of your employment under this Agreement (the "Term") will begin May 17, 2015 and will continue, subject to the termination provisions set forth in paragraph 5 below, until April 30, 2018. The Term shall automatically renew for successive one-year periods thereafter unless the Trust gives you written notice 90 days prior to the end of the then-current Term of its intent to allow the Term to expire. Upon the termination of your employment, you will be entitled to the termination benefits ...set forth in paragraph 6 below. The Trust's election not to renew the Term, following a Change in Control that occurs no more than 12 months prior to the expiration of such Term, shall be treated as a termination of your employment without Cause within twelve months following a Change in Control for purposes of paragraph 6(d). You shall have the right to terminate your employment with the Trust with Good Reason (as defined below) or for any reason at any time during the Term. View More

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 shal...l 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 A...greement 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 nine...ty (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 p...ortion 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