Term Contract Clauses (29,674)
Grouped Into 908 Collections of Similar Clauses From Business Contracts
This page contains Term clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Term. This Schedule shall have a primary term commencing on the Effective Date and ending 10 years from the Effective Date (the "Initial Term"), and may be renewed by Shipper, at Shipper's sole option, for one successive 5 year renewal term (a "Renewal Term"), upon at least 180 Days' written Notice from Shipper to Carrier prior to the end of the Initial Term. The Initial Term and Renewal Term, if any, shall be referred to in this Schedule as the "Term".
Term. This Schedule shall have a primary term commencing on the Effective Date and ending 10 years from the Effective Date (the "Initial Term"), and may be renewed by
Shipper, Customer, at
Shipper's Customer's sole option, for one successive 5 year renewal term (a "Renewal Term"), upon at least 180 Days' written Notice from
Shipper Customer to
Carrier Company prior to the end of the Initial Term. The Initial Term and Renewal Term, if any, shall be referred to in this Schedule as the "Term".
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Term. This Option shall have the term, subject to earlier termination as provided herein or in the Plan, set forth on Exhibit A attached hereto.
Term. This Option shall have the term, subject to earlier termination as provided herein or in the Plan, set forth on Exhibit A attached hereto.
For the avoidance of doubt, the Term shall be the remaining term of the Original Option.
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Term. The term of this Agreement shall be for a period of one year commencing on November 1, 2013. Thereafter, this Agreement may be extended for periods by the mutual Agreement of the parties hereto. Said extensions must be in writing, executed before the end of the initial term or any extension thereof.
Term. The term of this Agreement shall be for a period of one year commencing on
November May 1,
2013. 2015. Thereafter, this Agreement may be extended for periods by the mutual Agreement of the parties hereto. Said extensions must be in writing, executed before the end of the initial term or any extension thereof.
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Term. Commencing as of the Effective Date, and continuing for a period of one (1) year (the "Term"), unless earlier terminated pursuant to Article 4 hereof, the Consultant agrees that he/she will serve as a consultant to the Company. This Agreement may be renewed or extended for any period as may be agreed by the parties.
Term. Commencing as of the Effective Date, and continuing for a period of
one (1) two (2) year (the
"Term"), "Term''), unless earlier terminated pursuant to Article 4 hereof, the Consultant agrees that he/she will serve as a consultant to the Company. This Agreement may be renewed or extended for any period as may be agreed by the parties.
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Term. This Option will terminate on [ , 2025]3 (the "Option Expiration Date"); provided that if: (a) the Optionee's Continuous Service is terminated by the Company for any reason other than a Termination for Cause, death, or permanent disability, then the Optionee may exercise the vested portion of this Option in full until the 90th day following such termination (at which time this Option will be cancelled), but not later than the Option Expiration Date; (b) the Optionee's Continuous Service is
... voluntarily terminated by the Optionee (except as provided in Section 2(d) below), then the Optionee may exercise the vested portion of this Option in full until the 30th day following such termination (at which time this Option will be cancelled), but not later than the Option Expiration Date; (c) the Optionee's Continuous Service is terminated by the Company due to the Optionee's death or permanent disability, then the Optionee (or his or her beneficiary, in the case of death) may exercise the vested portion of this Option in full until one year following such termination (at which time this Option will be cancelled), but not later than the Option Expiration Date; 1 NTD: Insert Market Value per Share on the Date of Grant. 2 NTD: Insert the end of the fiscal year for the first year following the Date of Grant. 3 NTD: Insert 10 years from the Date of Grant. (d) the Optionee's Continuous Service is terminated by the Company as a result of a Termination for Cause (or by the Optionee at a time when the Company could terminate the Optionee under a Termination for Cause), then this Option will be cancelled upon the date of such termination; and (e) the Optionee's Continuous Service is terminated as a result of the Optionee's retirement, then the Optionee may exercise the vested portion of this Option in full until the earlier of (x) the fifth year following such retirement and (y) the Option Expiration Date. For purposes of this Agreement, whether the Optionee's Continuous Service with the Company has been terminated as a result of the Optionee's retirement will be determined by the Board in its sole discretion.
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Term. This Option will terminate on [ ,
2025]3 2025]6 (the "Option Expiration Date"); provided that if: (a) the Optionee's Continuous Service is terminated
by the Company for any reason other than
a Termination for Cause,
death, or permanent disability, then the Optionee
(or his beneficiary, in the case of death) may exercise the vested portion of this Option in full until the
90th day following third anniversary of such termination (at which time this Option will be cancelled), but not later than
... the Option Expiration Date; and (b) the Optionee's Continuous Service is voluntarily terminated by the Optionee (except as provided in Section 2(d) below), then the Optionee may exercise the vested portion of this Option in full until the 30th day following such termination (at which time this Option will be cancelled), but not later than the Option Expiration Date; (c) the Optionee's Continuous Service is terminated by the Company due to the Optionee's death or permanent disability, then the Optionee (or his or her beneficiary, in the case of death) may exercise the vested portion of this Option in full until one year following such termination (at which time this Option will be cancelled), but not later than the Option Expiration Date; 1 NTD: Insert Market Value per Share on the Date of Grant. 2 NTD: Insert the end of the fiscal year for the first year following the Date of Grant. 3 NTD: Insert 10 years from the Date of Grant. (d) the Optionee's Continuous Service is terminated by the Company as a result of a Termination for Cause (or by the Optionee at a time when the Company could terminate the Optionee under a Termination for Cause), Cause, then this Option will be cancelled upon the date of such termination; and (e) the Optionee's Continuous Service is terminated as a result of the Optionee's retirement, then the Optionee may exercise the vested portion of this Option in full until the earlier of (x) the fifth year following such retirement and (y) the Option Expiration Date. For purposes of this Agreement, whether the Optionee's Continuous Service with the Company has been terminated as a result of the Optionee's retirement will be determined by the Board in its sole discretion. termination.
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Term. Subject to the provisions for termination set forth in Section 9, the initial Term of employment under this Agreement shall be for a period of three (3) years commencing on the Effective Date (the "Initial Term") and shall be automatically extended for additional one (1) year periods, unless one of the Parties shall give written notice to the other on or before the date which is six (6) months prior to the expiration of the current Term of the Agreement of such Party's election not to so extend
... this Agreement (the Initial Term, together with any extensions thereto, the "Term"). For the avoidance of doubt, non-extension of the Initial Term or any extended Term by either Party shall not constitute termination by the Company without Cause or constitute Good Reason. In the event that the Transactions are not consummated, this Agreement shall be void ab initio and the Prior Agreement shall remain in full force and effect in accordance with its terms.
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Term.
The Company hereby agrees to employ the Executive, and the Executive hereby agrees to accept employment with the Company, upon the terms and subject to the conditions set forth herein, effective as of the Effective Date. In the event that the Transactions are not consummated, this Agreement shall be void ab initio and the Prior Agreement shall remain in full force and effect in accordance with its terms. Subject to the provisions for
earlier termination set forth in Section
9, 10, the initial
... class="diff-color-red">Term term of employment under this Agreement shall be for a period of three (3) years thirty-six (36) months commencing on the Effective Date (the "Initial Term") and shall be automatically extended for additional one (1) year periods, unless one of the Parties shall give written notice to the other on or before the date which is six (6) months prior to the expiration of the current Term then-current term of the Agreement of such Party's election not to so extend this Agreement (the original 36-month term, the "Initial Term", and the Initial Term, together with any extensions thereto, Term as it may be extended, the "Term"). For the avoidance of doubt, non-extension of the Initial Term or any extended Term by either Party shall not constitute termination by the Company without Cause or constitute Good Reason. In the event that the Transactions are not consummated, this Agreement shall be void ab initio and the Prior Agreement shall remain in full force and effect in accordance with its terms.
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Term. The term of Employee's employment under this Agreement shall commence on January 2, 2014 (the "Commencement Date") and, subject to Section 12 and Section 16(j) hereof, shall expire on December 31, 2014 (the "Initial Term"). After the expiration of the Initial Term, Employee's term of employment under this Agreement shall be renewed for successive one-year periods (each, a "Renewal Term"; the Initial Term and each Renewal Term are each sometimes referred to herein as a "Term") without further
... action by the Parties, unless either Party has provided the other Party with written notice at least 90 days prior to the commencement of a Renewal Term of such Party's decision not to renew Employee's employment under this Agreement for such Renewal Term.
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Term. The term of Employee's employment under this Agreement shall commence on
January Janaury 2, 2014 (the "Commencement Date") and, subject to Section 12 and Section 16(j) hereof, shall expire on December 31, 2014 (the "Initial Term"). After the expiration of the Initial Term, Employee's term of employment under this Agreement shall be renewed for successive one-year periods (each, a "Renewal Term"; the Initial Term and each Renewal Term are each sometimes referred to herein as a "Term") without
... further action by the 2982882.3 44334/123408 Parties, unless either Party has provided the other Party with written notice at least 90 days prior to the commencement of a Renewal Term of such Party's decision not to renew Employee's employment under this Agreement for such Renewal Term.
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Term. The appointment is subject to the Board of Directors determining, both initially and from time to time, that the Director meets the definition of "independent" under the applicable rules of the SEC and the market on which the Company's shares are traded or listed for quotation. The term of this Agreement shall commence as of the date hereof and shall continue until December 31, 2015 or his earlier death, incapacity, removal or resignation; provided, however, that this Agreement shall
... automatically continue for successive one (1) year terms beginning each December 31 unless terminated in accordance with the terms hereof. The Board of Directors or a designated committee thereof shall have the discretion to nominate or decline to nominate the Director for election at each annual or applicable special meeting of the Company's stockholders, and the failure to nominate the Director as, if and when such nominations are made shall be deemed a termination of this Agreement for purposes of Section 8 hereof. 1 3. COMPENSATION. Subject to the approvals by the Compensation Committee or the Board of Directors, for all duties and services to be performed by the Director hereunder, the Director may be entitled to earn cash fees under guidelines and rules established by the Company from time to time for compensating non-employee directors for serving on, and attending meetings of, committees of its Board of Directors and the boards of directors of its subsidiaries. In addition to the cash fees described above, the Company may grant the Director options to purchase or restricted shares of the Company's common stock (collectively, the "Shares") under the Company's director compensation plans adopted from time to time. No registration rights are hereby granted with respect to the Shares. Initial compensation for the Lead Outside Director will consist of: 1) 8,500,000 Stock Options per year of Service, vesting over 2 years according to the following schedule: a. 2,833,333 Stock Options upon acceptance b. 2,833,333 Stock Options after 12 months c. 2,833,334 Stock Options after 24 months 2) 6,375,000 Stock Options as a one-time grant for extraordinary service to the company, vesting over 2 years according to the following schedule: a. 2,125,000 Stock Options upon acceptance b. 2,125,000 Stock Options after 12 months c. 2,125,000 Stock Options after 24 months 4. MARKET STAND-OFF AGREEMENT. In the event of a public or private offering of the Company's securities and upon request of the Company, the underwriters or placement agents placing the offering of the Company's securities, the Director agrees not to sell, make any short sale of, loan, grant any option for the purchase of, or otherwise dispose of any of the Shares other than those included in the registration, without the prior written consent of the Company or such underwriters, as the case may be, for such period of time from the effective date of such registration as may be requested by the Company or such placement agent or underwriter.
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Term. The appointment is subject to the Board of Directors determining, both initially and from time to time, that the Director meets the definition of "independent" under the applicable rules of the SEC and the market on which the Company's shares are traded or listed for quotation. The term of this Agreement shall commence as of the date hereof and shall continue until December 31, 2015 or his earlier death, incapacity, removal or resignation; provided, however, that this Agreement shall
... automatically continue for successive one (1) year terms beginning each December 31 unless terminated in accordance with the terms hereof. The Board of Directors or a designated committee thereof shall have the discretion to nominate or decline to nominate the Director for election at each annual or applicable special meeting of the Company's stockholders, and the failure to nominate the Director as, if and when such nominations are made shall be deemed a termination of this Agreement for purposes of Section 8 hereof. 1 3. COMPENSATION. Subject to the approvals by the Compensation Committee or the Board of Directors, for all duties and services to be performed by the Director hereunder, the Director may be entitled to earn cash fees under guidelines and rules established by the Company from time to time for compensating non-employee directors for serving on, and attending meetings of, committees of its Board of Directors and the boards of directors of its subsidiaries. In addition to the cash fees described above, the Company may grant the Director options to purchase or restricted shares of the Company's common stock (collectively, the "Shares") under the Company's director compensation plans adopted from time to time. No registration rights are hereby granted with respect to the Shares. Initial compensation for the Lead Outside Director will consist of: 1) 8,500,000 6,375,000 Stock Options per year of Service, vesting over 2 years according to the following schedule: a. 2,833,333 Stock Options upon acceptance b. 2,833,333 Stock Options after 12 months c. 2,833,334 Stock Options after 24 months 2) 6,375,000 Stock Options as a one-time grant for extraordinary service to the company, vesting over 2 years according to the following schedule: a. 2,125,000 Stock Options upon acceptance b. 2,125,000 Stock Options after 12 months c. 2,125,000 Stock Options after 24 months 4. MARKET STAND-OFF AGREEMENT. In the event of a public or private offering of the Company's securities and upon request of the Company, the underwriters or placement agents placing the offering of the Company's securities, the Director agrees not to sell, make any short sale of, loan, grant any option for the purchase of, or otherwise dispose of any of the Shares other than those included in the registration, without the prior written consent of the Company or such underwriters, as the case may be, for such period of time from the effective date of such registration as may be requested by the Company or such placement agent or underwriter.
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Term. Executive's employment with the Company pursuant to the terms and conditions set forth in this Agreement will commence on the Effective Date and will expire immediately upon the termination of Executive's employment in accordance with the terms and conditions set forth in Section 5 hereof (the "Term").2. Title; Services and Duties. (a) During the Term, Executive will be employed by the Company in the position of Chief Executive Officer pursuant to the terms of this Agreement. (b) During the
... Term, Executive will be a full-time employee of the Company and report directly to the board of directors of the Company (the "Board"), and have such duties, responsibilities and authority as are reasonably prescribed by the Board from time to time and normally associated with the role of a Chief Executive Officer at an entity of similar size and nature as the Company, provided that any changes prescribed by the Board to Executive's position, role, duties, responsibilities or authority shall not be considered a breach of the contractual obligations of the Company set forth in this Section 2. Executive shall devote all of his business time and best efforts to the performance of his duties to the Company and will not engage in any other business, profession or occupation for compensation. Notwithstanding the foregoing, Executive may (i) continue to engage in any outside business activities previously disclosed to the Company as of the date of this Agreement, (ii) subject to prior approval of the Board (which shall not be unreasonably withheld), serve as a director or advisor of non-profit organizations or for profit companies that are not competitive with the Company, (iii) perform and participate in charitable civic, educational, professional, community, industry affairs and other related activities and (iv) manage his personal and family investments; provided, however, that such activities do not result in a conflict of interest with the Company and do not unreasonably interfere, individually or in the aggregate, in any material respect with the performance of Executive's duties hereunder.
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Term. Executive's employment with the Company pursuant to the terms and conditions set forth in this Agreement will
commence continue on the Effective Date and will expire immediately upon the termination of Executive's employment in accordance with the terms and conditions set forth in Section 5 hereof (the "Term").2. Title; Services and Duties. (a) During the Term, Executive will be employed by the Company in the position of
Chief Executive Officer President pursuant to the terms of this Agreement.
... (b) During the Term, Executive will be a full-time employee of the Company and report directly to the board of directors of the Company (the "Board"), Company's Chief Executive Officer, and have such duties, responsibilities and authority as are reasonably prescribed by the Board Company's Chief Executive Officer from time to time and normally associated with the role of a Chief Executive Officer President at an entity of similar size and nature as the Company, provided that any changes prescribed by the Board Company's Chief Executive Officer to Executive's position, role, duties, responsibilities or authority shall not be considered a breach of the contractual obligations of the Company set forth in this Section 2. Executive shall devote all of his business time and best efforts to the performance of his duties to the Company and will not engage in any other business, profession or occupation for compensation. Notwithstanding the foregoing, Executive may (i) continue to engage in any outside business activities previously disclosed to the Company as of the date of this Agreement, (ii) subject to prior approval of the Board Company's Chief Executive Officer (which shall not be unreasonably withheld), serve as a director or advisor of non-profit organizations or for profit companies that are not competitive with the Company, (iii) perform and participate in charitable civic, educational, professional, community, industry affairs and other related activities and (iv) manage his personal and family investments; provided, however, that such activities do not result in a conflict of interest with the Company and do not unreasonably interfere, individually or in the aggregate, in any material respect with the performance of Executive's duties hereunder. (c) The terms of Exhibit B shall apply to Executive's employment pursuant to this Agreement.
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Term. Subject to the provisions of Section 5, this Agreement will have an initial term which will expire on the three-year anniversary of the Effective Date (the "Initial Term"). On the last day of the Initial Term and each year thereafter, the Agreement will automatically renew for an additional successive one-year term as of the date thereof (each, a "Renewal Term") unless any party provides the other party with written notice of non-renewal at least 90 days prior to the date of automatic renewal,
... in which case the Agreement will expire at the end of the Initial Term or Renewal Term, as applicable. Non-renewal at the end of the Initial Term or a Renewal Term will not constitute termination without Cause under the Agreement or entitle Executive to severance set forth in Section 5(b)(ii) or Section 5(b)(iii), as applicable, although if a Potential Change of Control Date has occurred prior to the expiration of this Agreement, the Agreement shall remain in effect until the earliest of: (a) the end of the Change of Control Period, if a Change of Control has been completed, so long as all payments due have been made; or (b) 12 months after the Potential Change of Control Date if no Change of Control has been completed; provided, however, that in the event of a protracted regulatory clearance process with respect to a potential Change of Control, such term shall be extended so long as the Company is pursuing the potential Change of Control in good faith.
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Term. Subject to the provisions of Section 5, this Agreement will have an initial term which will expire on the three-year anniversary of the Effective Date (the "Initial Term"). On the last day of the Initial Term and each year thereafter, the Agreement will automatically renew for an additional successive
one-year one year term as of the date thereof (each, a "Renewal Term") unless any party provides the other
party parties with written notice of non-renewal at least 90 days prior to the date of
... automatic renewal, in which case the Agreement will expire at the end of the Initial Term or Renewal Term, as applicable. Non-renewal at the end of the Initial Term or a Renewal 1 Term will not constitute termination without Cause under the Agreement or and entitle Executive to severance set forth in Section 5(b)(ii) or Section 5(b)(iii), as applicable, although if a Potential Change of in Control Date has occurred prior to the expiration of this Agreement, the Agreement shall remain in effect until the earliest of: (a) the end of the Change of in Control Period, if a Change of in Control has been completed, so long as all payments due have been made; or (b) 12 months after the Potential Change of in Control Date if no Change of in Control has been completed; provided, however, that in the event of a protracted regulatory clearance process with respect to a potential Change of in Control, such term shall be extended so long as the Company is pursuing the potential Change of in Control in good faith.
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