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 term of this Agreement shall commence on the Effective Date and shall end on May 24, 2022 (the "Term End Date"), unless terminated earlier pursuant to the provisions of Section 6 or extended in accordance with Section 6(e)(v) (as applicable, the "Term"). 2 4. Compensation. (a) During the Term, the Executive shall be paid an annual base salary of $1,600,000, which may be subject to any increase from time to time by recommendation of the CEOs to, and approval by, the Board of Directors of... Holdings (the "Board") or any committee thereof (such amount, as increased, the "Base Salary"). All amounts paid to the Executive under this Agreement shall be in U.S. dollars. The Base Salary shall be paid at least monthly and, at the option of the Company, may be paid more frequently. (b) On December 24, 2018 (the "Grant Date"), the Company shall cause Holdings to grant to the Executive the following: (i) an option to purchase shares of Holdings' common stock, par value $.001 per share (the "Common Stock"), at an exercise price equal to the closing price of the Common Stock on the Nasdaq Global Select Market on the Grant Date, with the number of shares of Common Stock subject to such option being that necessary to cause the Black-Scholes-Merton value of such option on the Grant Date to be equal to $3,750,000, determined by using inputs consistent with those Holdings uses for its financial reporting purposes. Such option shall be subject to the terms and conditions set forth in the Option Agreement attached to this Agreement as Exhibit A; (ii) a number of restricted stock units ("RSUs") equal to $3,750,000, divided by the closing price of the Common Stock on the Nasdaq Global Select Market on the Grant Date. Such RSUs shall be subject to the terms and conditions set forth in the Restricted Stock Unit Agreement attached to this Agreement as Exhibit B; and (iii) a number of performance-based restricted stock units ("PRSUs") equal to $7,500,000, divided by the closing price of the Common Stock on the Nasdaq Global Select Market on the Grant Date. Such PRSUs shall be subject to the terms and conditions set forth in the Performance–Based Restricted Stock Unit Agreement attached to this Agreement as Exhibit C. (c) All compensation paid to the Executive hereunder shall be subject to any payroll and withholding deductions required by applicable law, including, as and where applicable, federal, New York State and New York City income tax withholding, federal unemployment tax and social security (FICA). View More Arrow
Term. The term of this Agreement shall commence on the Effective Date and shall end on May 24, 2022 (the "Term End Date"), the third (3rd) anniversary of the Effective Date, unless terminated earlier pursuant to the provisions of Section 6 or extended in accordance with Section 6(e)(v) 6(f)(v) (as applicable, the "Term"). 2 4. Compensation. (a) During the Term, the Executive shall be paid an annual base salary of $1,600,000, $1,500,000, which may be subject to any increase from time to time by... recommendation of the CEOs to, and approval by, the Board of Directors of Holdings (the "Board") or any committee thereof (such amount, as increased, the "Base Salary"). All amounts paid to the Executive under this Agreement shall be in U.S. dollars. The Base Salary shall be paid at least monthly and, at the option of the Company, may be paid more frequently. (b) On December May 24, 2018 2016 (the "Grant Date"), the Company shall cause Holdings to grant to the Executive the following: (i) an option to purchase shares of Holdings' common stock, par value $.001 per share (the "Common Stock"), at an exercise price equal to the closing price of the Common Stock on the Nasdaq Global Select Market on the Grant Date, with the number of shares of Common Stock subject to such option being that necessary to cause the Black-Scholes-Merton value of such option on the Grant Date to be equal to $3,750,000, $8,500,000, determined by using inputs consistent with those Holdings uses for its financial reporting purposes. Such option shall be subject to the terms and conditions set forth in the Option Agreement attached to this Agreement as Exhibit A; and (ii) a number of restricted stock units ("RSUs") equal to $3,750,000, $5,750,000, divided by the closing price of the Common Stock on the Nasdaq Global Select Market on the Grant Date. Such RSUs restricted stock units shall be subject to the terms and conditions set forth in the Restricted Stock Unit Agreement attached to this Agreement as Exhibit B; and (iii) a number of performance-based restricted stock units ("PRSUs") equal to $7,500,000, divided by the closing price of the Common Stock on the Nasdaq Global Select Market on the Grant Date. Such PRSUs shall be subject to the terms and conditions set forth in the Performance–Based Restricted Stock Unit Agreement attached to this Agreement as Exhibit C. B. (c) All compensation paid to the Executive hereunder shall be subject to any payroll and withholding deductions required by applicable law, including, as and where applicable, federal, New York State state and New York City income tax withholding, federal unemployment tax and social security (FICA). View More Arrow
View Variation Arrow
Term. Section 2 of the Agreement is hereby deleted in its entirety and replaced with the following: "The Executive's employment pursuant to this Agreement shall be effective as of February 15, 2018, and shall terminate upon the earlier to occur of (i) the Executive's termination of employment pursuant to Section 4 hereunder and (ii) January 31, 2019. The period commencing as of February 15, 2018 and ending on January 31, 2019 is hereinafter referred to as the "Term". Before the end of the Term, the... Company and the Executive shall commence discussions relating to the possibility of extending the term of Executive's employment with the Company, and the Company shall inform the Executive on or before November 1, 2018 (or such later date as the parties may mutually agree) if it does not intend to employ the Executive after expiration of the Term." 2. No Further Changes. Except with respect to the change made by Section 1 above, all of the terms and conditions of the Agreement remain in full force and effect. View More Arrow
Term. Section 2 of the Agreement is hereby deleted in its entirety and replaced with the following: "The The Executive's employment pursuant to this Agreement shall be effective as of February 15, 2018, and shall terminate upon the earlier to occur of (i) the Executive's termination of employment pursuant to Section 4 hereunder and (ii) January December 31, 2019. 2018. The period commencing as of February 15, 2018 and ending on January December 31, 2019 2018 is hereinafter referred to as the "Term".... Before the end of the Term, the Company and the Executive shall commence discussions relating to the possibility of extending the term of Executive's employment with the Company, and the Company shall inform the Executive on or before November October 1, 2018 (or such later date as the parties may mutually agree) if it does not intend to employ the Executive after expiration expiation of the Term." 2. No Further Changes. Except with respect to the change made by Section 1 above, all of the terms and conditions of the Agreement remain in full force and effect. Term. View More Arrow
View Variation Arrow
Term. The initial term of this Agreement shall run for a period of 1-year from the Effective Date (such period, the "Term"), and may be terminated earlier as contemplated by Section 5. Termination of this Agreement due to its non-renewal shall not constitute a Termination for Cause or a resignation by Executive for Good Reason. In the event of a Change of Control, the Agreement shall automatically renew for a new 1-year Term on the effective date of the Change of Control ending on the anniversary of... the Change of Control. View More Arrow
Term. The initial term of this Agreement shall run for a period of 1-year from the Effective Date effective date through September 30, 2019 (such period, the "Term"), and may be terminated earlier as contemplated by Section 5. Termination of this Agreement due to its non-renewal shall not constitute a Termination for Cause or a resignation by Executive for Good Reason. In the event of a Change of Control, the Agreement shall automatically renew for a new 1-year 2-year (two year) Term on the effective... date of the Change of Control ending on the anniversary of the Change of Control. View More Arrow
View Variation Arrow
Term. (a) This Agreement shall continue for a period of one (1) year from the Effective Date and shall continue thereafter for as long as Director is elected as Chairman of the Board of Directors ("Chairman") of Company.
Term. (a) This Agreement shall continue for a period of one (1) 1 year from the Effective Date and shall continue thereafter for as long as Director is elected as Chairman of the Board of Directors ("Chairman") of Company. the Company (the "Term").
View Variation Arrow
Term. This Agreement sets forth the terms and conditions of your employment that shall apply commencing on the Effective Date and ending upon termination of this Agreement by either party as described in Section 7 hereof (such period, the "Employment Term").
Term. This Agreement sets forth the terms and conditions of your employment that shall apply commencing on the Effective Date January 22, 2018 (the "Effective Date") and ending upon termination of this Agreement by either party as described in Section 7 hereof (such period, the "Employment Term").
View Variation Arrow
Term. The term of your employment under this Agreement shall commence as of the Effective Date and shall expire on May 1, 2020 (the "Initial Term"), unless sooner terminated as provided under the terms of this Agreement. Upon the scheduled expiration of the Initial Term, your employment may thereafter only be extended upon the express mutual written agreement of both you and the Company.
Term. The term of your employment under this Agreement shall commence as of the Effective Date and shall expire on May 1, 2020 December 31, 2019 (the "Initial Term"), unless sooner terminated as provided under the terms of this Agreement. Upon the scheduled expiration of the Initial Term, your employment may thereafter only be extended upon the express mutual written agreement of both you and the Company.
View Variation Arrow
Term. The term of the Executive's employment hereunder shall continue as of the Amendment Date and end on the date that is three (3) years following the Amendment Date. On such date, and on each subsequent anniversary of the Amendment Date, the term of this Agreement shall be automatically renewed for one additional calendar year unless, at least ninety (90) days prior to the end of the then-current term of this Agreement, either the Board or the Executive shall give notice to the other not to extend... this Agreement. Notwithstanding the foregoing, the term of this Agreement may be earlier terminated in accordance with Section 8. The "Term" shall mean, for purposes of this Agreement, such initial term and subsequent extensions, if any. View More Arrow
Term. The term of the Executive's employment hereunder shall continue as of commence on the Amendment Effective Date and end on the date that is three (3) years following the Amendment Effective Date. On such date, and on each subsequent anniversary of the Amendment Effective Date, the term of this Agreement shall be automatically renewed for one additional calendar year unless, at least ninety (90) days prior to the end of the then-current term of this Agreement, either the Board or the Executive... shall give notice to the other not to extend this Agreement. Notwithstanding the foregoing, the term of this Agreement may be earlier terminated in accordance with Section 8. The "Term" shall mean, for purposes of this Agreement, such initial term and subsequent extensions, if any. View More Arrow
View Variation Arrow
Term. The Term shall commence on the Lease Commencement Date and end on the Lease Expiration Date, unless the Term shall be sooner terminated or extended as hereinafter provided.2.2 Tenant shall have one option (the "Extension Option") to extend the Term, for an additional five (5) year period (the "Extended Term") on all the terms and conditions contained in this Lease with the exception of the Monthly Basic Rent which shall be adjusted pursuant to the provisions of Paragraphs 4.2 and with the... further exception that upon exercise of the Extension Option by Tenant, Tenant shall thereafter have no further right to extend the Term. In order to exercise the Extension Option, Tenant shall deliver written notice of its exercise of the option ("Option Notice") to Landlord no earlier than eighteen (18) months and no later than twelve (12) months prior to the expiration of the initial Term. The Extension Option shall be subject to the following terms and conditions:(a) The Extension Option may be exercised only by delivery of the Option Notice as provided in this Paragraph and only if, as of the date of delivery of the Option Notice and the commencement date of the Extended Term, Tenant is not in default under this Lease beyond applicable notice and cure periods (hereinafter "Default"). (b) The rights contained in this Paragraph shall be personal to the originally named Tenant and may be exercised only by the originally named Tenant (or an entity which controls, is controlled by or is under common control with Tenant, or to any entity resulting from the merger or consolidation with Tenant or to any person or entity which acquires substantially all of the assets of Tenant as a going concern) and only if the originally named Tenant (or an entity which controls, is controlled by or is under common control with Tenant, or to any entity resulting from the merger or consolidation with Tenant or to any person or entity which acquires substantially all of the assets of Tenant as a going concern) occupies at least the entire area on two adjacent floors of the Premises as of the date it exercises the Extension Option in accordance with the terms of this Paragraph. (c) If Tenant properly exercises the Extension Option and is not in Default, at the end of the initial Term, the Term shall be extended for the applicable Extended Term, References in this Lease to the "Term" shall include the initial Term of nine (9) years, and shall, in addition, include the Extended Term, if applicable. View More Arrow
Term. 2.1 The term of this Lease ("Term") shall be for the period designated in the Summary. The Term shall commence on the Lease Commencement Date and end on the Lease Expiration Date, unless the Term shall be sooner terminated or extended as hereinafter provided.2.2 provided. 2.2 Tenant shall have one option (the "Extension Option") to extend the Term, for an additional five (5) year period (the "Extended Term") on all the terms and conditions contained in this Lease with the exception of the... Monthly Basic Rent which shall be adjusted pursuant to the provisions of Paragraphs 4.2 and with the further exception that upon exercise of the Extension Option by Tenant, Tenant shall thereafter have no further right to extend the Term. In order to exercise the Extension Option, Tenant shall deliver written notice of its exercise of the option ("Option Notice") to Landlord no earlier than eighteen (18) months and no later than twelve (12) months prior to the expiration of the initial Term. The Extension Option shall be subject to the following terms and conditions:(a) conditions: (a) The Extension Option may be exercised only by delivery of the Option Notice as provided in this Paragraph and only if, as of the date of delivery of the Option Notice and the commencement date of the Extended Term, Tenant is not in default under this Lease beyond applicable notice and cure periods (hereinafter "Default"). (b) The rights contained in this Paragraph shall be personal to the originally named Tenant and may be exercised only by the originally named Tenant (or an entity which controls, is controlled by or is under common control with Tenant, or to any entity resulting from the merger or consolidation with Tenant or to any person or entity which acquires substantially all of the assets of Tenant as a going concern) and only if the originally named Tenant (or an entity which controls, is controlled by or is under common control with Tenant, or to any entity resulting from the merger or consolidation with Tenant or to any person or entity which acquires substantially all of the assets of Tenant as a going concern) occupies at least the entire area on two adjacent floors of the Premises as of the date it exercises the Extension Option in accordance with the terms of this Paragraph. (c) If Tenant properly exercises the Extension Option and is not in Default, at the end of the initial Term, the Term shall be extended for the applicable Extended Term, References in this Lease to the "Term" shall include the initial Term of nine (9) years, and shall, in addition, include the Extended Term, if applicable. 5 3. Early Access and Possession. Landlord shall give Tenant written notice of the date on which the Premises shall be available for the purposes as described in this Paragraph 3 ("Early Access Date"). It is anticipated that the Early Access Date shall occur on or about June 1, 2015. Landlord shall allow Tenant, and Tenant's contractors, vendors and service providers, access to the Premises and the Building at any time on or after the Early Access Date for the purpose of constructing the Tenant Improvements pursuant to the Work Letter and installing Tenant's furniture, fixtures, equipment and other personal property, and to prepare the Premises for Tenant's occupancy. Tenant shall provide Landlord with reasonable written evidence of liability insurance pursuant to Paragraph 21.1(a) prior to Tenant's entry onto the Premises pursuant to the provisions of this Paragraph 3. Landlord shall have no liability or responsibility for any damage to Tenant's property stored or kept on the Premises, whether prior or subsequent to the Lease Commencement Date except to the extent attributable to the negligence or willful misconduct of Landlord, Landlord's employees, agents, representatives or contractors (and, in any event, subject to the provisions of Paragraph 21.6 below). View More Arrow
View Variation Arrow
Term. Subject to the conditions set out in Section 1, the Executive's employment shall commence no later than August 15, 2018 (and shall continue until terminated by either party in accordance with Section 10 of this Agreement. The date that the Executive's employment commences shall be referred to herein as the "Effective Time." 3. Duties. The Executive will serve as Chief Financial Officer (CFO) and Head of Business Development of the Company and shall have such duties of a senior executive nature... as the Company's Board of Directors (the "Board") shall determine from time to time. The Executive will be based in the Cambridge, MA office and shall report to the Chief Executive Officer. View More Arrow
Term. Subject to the conditions set out in Section 1, the Executive's employment new role shall commence no later than August 15, 2018 (and April 10, 2023 and shall continue until terminated by either party in accordance with Section 10 of this Agreement. The date that the Executive's employment new role commences shall be referred to herein as the "Effective Time." 3. Duties. The Executive will serve as Chief Financial Officer (CFO) and Head of Business Corporate Development of the Company and shall... have such duties of a senior executive nature as the Company's Board of Directors (the "Board") shall determine from time to time. The Executive will be based in out of the Cambridge, MA office and shall continue to report to the Chief Executive Officer. View More Arrow
View Variation Arrow
Term. The tenn of this Agreement is [xxx] months. The obligations of each receiving party hereunder shall survive until such time as all Confidential Information of the other party disclosed hereunder becomes publicly known and made generally available through no action or inaction of the receiving party, or five years from disclosure, whichever is later.
Term. The tenn term of this Agreement is [xxx] 12 months. The obligations of each receiving party hereunder shall survive until such time as all Confidential Information of the other party disclosed hereunder becomes publicly known and made generally available through no action or inaction of the receiving party, or five years from disclosure, whichever is later.
View Variation Arrow