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. 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.
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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.
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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 years from the Effective Date, or (2) upon immediate written notice delivered by either party to the other for any or no reason.
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.
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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 (the "Earnest Money") into an interest-bearing account with First American Title Insurance Company, 1380 17th Street, Denver, CO 80202, Attn: Lisa Ray; phone number: (303) 876-1134; email:
[email protected] (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 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) days from the Effective Date of this Agreement (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, 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 may cancel this Agreement before the expiration of the Review Period for any reason in its sole discretion by delivering a cancellation notice to Seller and Closing 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 return to Buyer its Earnest Money and Buyer will have absolutely no rights, claims 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 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 is not cancelled.
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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.
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Term. The initial term of this SOW No. 4 (the "Initial Term") shall begin on the Effective Date and it shall expire twelve (12) months thereafter, provided that the term of this SOW No. 4 shall automatically be extended for successive twelve (12) month periods (each a "Renewal Term", with the "Initial Term" and all "Renewal Term(s)" collectively referred to as the "Term"), unless either Party has given the other Party written notice of termination at least three (3) months prior to the expiration of
... the then-current Term. Notwithstanding any such automatic renewal, prior to each anniversary of the Effective Date, the Parties agree to review and meet and confer in good faith regarding any changes to the compensation terms set forth in IV.3.
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Term. The initial term of this SOW No.
4 3 (the "Initial Term") shall begin on the Effective Date and it shall expire twelve (12) months thereafter, provided that the term of this SOW No.
4 3 shall automatically be extended for successive twelve (12) month periods (each a "Renewal Term", with the "Initial Term" and all "Renewal Term(s)" collectively referred to as the "Term"), unless either Party has given the other Party written notice of termination at least three (3) months prior to the expiration
... of the then-current Term. Notwithstanding any such automatic renewal, prior to each anniversary of the Effective Date, the Parties agree to review and meet and confer in good faith regarding any changes to the compensation terms set forth in IV.3.
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Term. The actual term of this Lease (as the same may be extended or earlier terminated in accordance with this Lease, the "Term") commenced on April 6, 2018 (the "Commencement Date") and shall end on December 7, 2033, subject to extension or earlier termination of this Lease as provided herein."
Term. The actual term of this Lease (as the same may be extended or earlier terminated in accordance with this Lease, the "Term") commenced on April 6, 2018 (the "Commencement Date") and shall end on December 7,
2033, 2038, subject to extension or earlier termination of this Lease as provided herein."
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Term. This Agreement shall be for a term commencing on the Amendment Date and ending on the third anniversary of the Amendment Date (such period of employment "Initial Term"), followed by automatic renewals of one (1) year thereafter (each a "Renewal Term" and, together with the Initial Term, "Term") unless the Company or the Executive provides written notice of termination to the other Party at least ninety (90) days prior to the end of the Initial Term or any Renewal Term. For the purposes hereof,
... the termination of this Agreement due to the Company providing written notice of termination pursuant to this Section 1 at least ninety (90) days prior to the end of the Initial Term or any Renewal Term will be deemed to be a termination of Executive's employment by Company without Cause.
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Term. This Agreement shall be for a term commencing on the Amendment Date and ending on the third anniversary of the Amendment Date (such period of employment "Initial Term"), followed by automatic renewals of one (1) year thereafter (each a "Renewal Term" and, together with the Initial Term, "Term") unless the Company or
the Executive Trujillo provides written notice of termination to the other Party at least ninety (90) days prior to the end of the Initial Term or any Renewal Term. For the purposes
... hereof, the termination of this Agreement due to the Company providing written notice of termination pursuant to this Section 1 at least ninety (90) days prior to the end of the Initial Term or any Renewal Term will be deemed to be a termination of Executive's Trujillo's employment by Company without Cause.
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Term. This Agreement shall be effective as of the Effective Date and shall remain in effect for 90 days, unless sooner terminated by the mutual agreement of the Indemnitor and the Company with the approval of the Board (the "Term"). At the option of the Company, exercisable by providing written notice to the Indemnitor at least thirty (30) days prior to expiration of the end of the then current Term, the Company may elect to extend the Term for an additional 90-day period for up to a total of seven
... (7) additional 90-day periods, in each case upon the payment in connection with each such extension of an additional amount equal to the 90-Day Fee Amount at the time of such exercise of such option. Expiration or termination of this Agreement shall operate prospectively only, so that all provisions of this Agreement shall remain in full force and effect as to any claim asserted against an Indemnitee during the Term, and as to any claim asserted against an Indemnitee after the Term but that arises from an Indemnifiable Event that occurred during the Term.
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Term. This Agreement shall be effective as of the Effective Date and shall remain in effect for 90 days, unless sooner terminated by the mutual agreement of the Indemnitor and the Company with the approval of the Board (the "Term"). At the option of the Company, exercisable by providing written notice to the Indemnitor at least thirty (30) days prior to expiration of the end of the then current Term, the Company may elect to extend the
Term Term: (i) for an additional 90-day period for up to a total
... of seven (7) twenty-three (23) additional 90-day periods, in each case upon the payment in connection with each such extension of an additional amount equal to the 90-Day Fee Amount at the time of such exercise of such option. option; or (ii) until six years after the Effective Date upon payment of an addition amount equal to the 90-Day Fee amount multiplied by the number of 90-day periods remaining in the six years after the Effective Date. Expiration or termination of this Agreement shall operate prospectively only, so that all provisions of this Agreement shall remain in full force and effect as to any claim arising from an actual or alleged Act prior to the Effective Date or actual or alleged Interrelated Act on or after the Effective Date, asserted against an Indemnitee during the Term, and as to any claim asserted against an Indemnitee after the Term but that arises from an Indemnifiable Event that occurred during the Term.
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Term. This Agreement shall be effective as of the date hereof and shall continue in effect until and shall terminate (a) automatically upon the date that the common stock of the Company is uplisted to the Nasdaq Stock Market or the New York Stock Exchange from the OTC Markets Group Inc., (b) with the written consent of each of the parties hereto, (c) automatically in the event that Ross Sklar owns less than 30% of the issued and outstanding common stock of the Company and is no longer Chief Executive
... Officer of the Company, or (d) automatically in the event that the Company makes an assignment for the benefit of its creditors, commences any bankruptcy proceedings or other proceedings the nature of bankruptcy proceedings, or has commenced against it any bankruptcy proceedings or other proceedings the nature of bankruptcy proceedings that are not dismissed within sixty (60) days of such commencement.
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Term. This Agreement shall be effective as of the date hereof and shall continue in effect until and shall terminate
(a) automatically upon the date that the common stock of the Company is uplisted to the Nasdaq Stock Market or the New York Stock Exchange from the OTC Markets Group Inc., (b) with the written consent of each of the parties hereto, (c) automatically in the event that
both of the following conditions are met: (i) Ross Sklar
owns less than 30% of the issued and outstanding common stock... of the Company and is no longer Chief Executive Officer of the Company and (ii) Ross Sklar is no longer a member of the Board of Directors of the Company, or (d) automatically in the event that the Company makes an assignment for the benefit of its creditors, commences any bankruptcy proceedings or other proceedings the nature of bankruptcy proceedings, or has commenced against it any bankruptcy proceedings or other proceedings the nature of bankruptcy proceedings that are not dismissed within sixty (60) days of such commencement.
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Term. 3.1 Initial Term. 3.2 Renewal. 3.3 Termination.
Term. 3.1 Initial Term. 3.2 Renewal. 3.3 Termination.
3.4 Termination of Employment.
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Term. The term of this Agreement shall be for a twelve (12)-month period commencing on November 1, 2022 and ending on September 30, 2023 (the initial "Term"), unless sooner terminated in writing by mutual consent or pursuant to the provision of Section 6 below. Unless notice of intention to terminate this Agreement at the end of the Initial Term is given, in writing by Executive to Company at least thirty (30) days prior to the end of the initial term, or any extension period, and provided that
... Executive has not breached in any material fashion any of the terms of conditions of their Agreement, then this Agreement shall automatically be renewed and extended for up to three (3) consecutive one (1) year periods upon the terms and conditions set forth herein, unless different terms are agreed to between the parties in writing. She shall perform all reasonable acts customarily associated with such roles, or necessary and/or desirable to protect and advance the interests of the Company. Executive shall report to the Company's Board of Directors (the "BOD").The Executive agrees to perform to the best of their ability, experience and talent those acts and duties, consistent with the position of COO and Interim CEO & Presidents the BOD shall from time to time lawfully direct. During the Term, the Executive also shall serve in such other executive-level positions or capacities as may, from time to time, be reasonably requested by the BOD, including, without limitation (subject to election, appointment, re-election or re-appointment, as applicable) as (a) a member of a governing body of any of the Company's subsidiaries or other Affiliates (as defined below), (b) an officer of any of the Company's subsidiaries or other Affiliates, and/or (c) a member of any committee of the Company and/or any of its subsidiaries or other Affiliates, in each case, for no additional compensation. As used in this Agreement, "Affiliate" of any individual or entity means any other individual or entity that directly or individual controls, is controlled by, or is under common control with, the individual or entity. EXECUTIVE CONSULTING AGREEMENTK. Wilson 3. Extent and Nature of Services. Executive shall devote approximately forty (40) to fifty (50) hours a week the Company's business as may be required to properly perform their duties.
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Term. The term of this Agreement shall be for a twelve (12)-month period commencing on November 1, 2022 and ending on September 30, 2023 (the initial "Term"), unless sooner terminated in writing by mutual consent or pursuant to the provision of Section 6 below. Unless notice of intention to terminate this Agreement at the end of the Initial Term is given, in writing by Executive to Company at least thirty (30) days prior to the end of the initial term, or any extension period, and provided that
... Executive has not breached in any material fashion any of the terms of conditions of their Agreement, then this Agreement shall automatically be renewed and extended for up to three (3) consecutive one (1) year periods upon the terms and conditions set forth herein, unless different terms are agreed to between the parties in writing. She He shall perform all reasonable acts customarily associated with such roles, a role, or necessary and/or desirable to protect and advance the interests of the Company. Executive shall report to the Company's Board of Directors Chief Executive Officer (the "BOD").The "CEO"). The Executive agrees to perform to the best of their ability, experience and talent those acts and duties, consistent with the position of COO and Interim CFO the CEO & Presidents the BOD shall from time to time lawfully direct. During the Term, the Executive also shall serve in such other executive-level positions or capacities as may, from time to time, be reasonably requested by the BOD, CEO, including, without limitation (subject to election, appointment, re-election or re-appointment, as applicable) as (a) a member of a governing body of any of the Company's subsidiaries or other Affiliates (as defined below), (b) an officer of any of the Company's subsidiaries or other Affiliates, and/or (c) a member of any committee of the Company and/or any of its subsidiaries or other Affiliates, in each case, for no additional compensation. As used in this Agreement, "Affiliate" of any individual or entity means any other individual or entity that directly or individual controls, is controlled by, or is under common control with, the individual or entity. EXECUTIVE CONSULTING AGREEMENTK. Wilson AGREEMENTG Farmer 3. Extent and Nature of Services. Executive shall devote approximately forty (40) to fifty (50) twenty (20) hours a week the Company's business as may be required to properly perform their duties.
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