Term Contract Clauses (29,607)

Term. The term of this Agreement shall include: (i) the initial term, consisting of the period commencing on the date of this Agreement (the "Effective Date") and ending on the second anniversary of the Effective Date, plus (ii) any and all extensions of the initial term made pursuant to this Section 3 (collectively, the "Term"). Commencing on the first anniversary of the Effective Date and continuing on each anniversary of the Effective Date thereafter, the disinterested members of the Board may... extend the Agreement Term for an additional year, so that the remaining Term of the Agreement again becomes twenty-four (24) months, unless Executive elects not to extend the Term of this Agreement by giving written notice in accordance with' Section 18 of this Agreement. The Board will review the Agreement and Executive's performance annually for purposes of determining whether to extend the Agreement Term and will include the rationale and results of its review in the minutes of its meeting. The Board will notify Executive within sixty days after its annual review whether it has determined to extend the Term of the Agreement. Nothing in this Agreement shall mandate or prohibit a continuation of Executive's employment following the expiration of the Term of this Agreement. View More

Term. The Executive's employment hereunder will commence on the Effective Date and will continue for an indefinite term until terminated pursuant to Section 5. The period during which the Executive is employed by the Company hereunder is referred to as the "Term". The Company recognizes that the Executive's employment with the Company commenced on May 1, 2019.

Term. Unless otherwise mutually agreed by the Parties in writing, the Employment shall commence on August 1, 2019 (the "Start Date"), and shall continue until terminated by either the Employee or the Company, pursuant to Section 7 hereof (the period of Employment pursuant to this Agreement, the "Term").

Term. The term of this Agreement shall commence February 1, 2020 and shall continue for a period of, five (5) Years, from that date, unless sooner terminated as provided herein. It is understood that this Agreement shall not automatically renew and no obligations to renew are implied notwithstanding continued efforts to fulfill terms and conditions incomplete as of the termination of this Agreement. This Agreement and the duties and obligations of the Chairman may be terminated by either party giving... thirty (30) days prior written notice to the other but the compensation to the end of the contract and any previously incurred and approved expenses shall be deemed earned by and due to Chairman / President. Or termination through majority shareholder votes on early termination. View More

Term. The term of your employment under this Agreement shall commence on January 1, 2019 (the "Effective Date") and, unless earlier terminated under this Agreement, shall expire on December 31, 2021 (the "Expiration Date"). The period from the Effective Date through the Expiration Date is referred to herein as the "Term" notwithstanding any earlier termination of your employment for any reason.

Term. The term of the Option shall expire as of the earliest of the following, as applicable: (i) the date that is ten (10) years from the Date of Grant; (ii) in the event the Employee's employment with the Company or any of its Subsidiaries or Affiliates is terminated for any reason other than (a) by the Company for Cause, (b) the Employee's death, (c) the Employee's Disability, or (d) the Employee's Retirement, the date which is three (3) months from the date of such termination; provided, however,... that if the Employee dies within such three-month period, such date shall be twelve (12) months from the date of death; (iii) in the event that the Employee's employment with the Company or any of its Subsidiaries or Affiliates is terminated as a result of death or Disability, the date that is twelve (12) months from the date of such termination; (iv) in the event the Employee's employment with the Company or any of its Subsidiaries or Affiliates is terminated as a result of Retirement, the date which is three (3) years following such Retirement; provided, however, that if the Employee dies within such three-year period, such date shall be twelve (12) months from the date of death, or (v) the date the Employee's employment is terminated by the Company for Cause. To the extent that a portion of the Option has not vested prior to the termination of the Employee's employment (including by reason of the Employee's death, Disability or Retirement), the Employee shall forfeit all rights hereunder with respect to that unvested portion of the Option as of the date of such termination. In the event of termination of the Employee's employment, the Employee shall forfeit all rights hereunder with respect to the entire Option (i.e., both vested and unvested portions) as of the date of such termination. View More

Term. The Company hereby employs the Executive, and the Executive hereby accepts such employment under this Agreement, for the period commencing on the Effective Date and ending on March 31, 2016 or such earlier date as is determined in accordance with Section 11 (the "Term")." 3 7. Loyalty; Noncompetition. (a) During the period of his employment hereunder and except for illnesses, reasonable vacation periods, and reasonable leaves of absence, the Executive shall devote substantially all his full... business time, attention, skill, and efforts to the faithful performance of his duties hereunder; provided, however, from time to time, Executive may serve on the boards of directors of, and hold any other offices or positions in, companies or organizations, at the request of the Company or which will not present, in the opinion of the Board, any conflict of interest with the Company or any of its subsidiaries or affiliates, nor unfavorably affect the performance of Executive's duties pursuant to this Agreement, nor violate any applicable statute or regulation. "Full business time" is hereby defined as that amount of time usually devoted to like companies by similarly situated executive officers. During the Term of his employment under this Agreement, the Executive shall not engage in any business or activity contrary to the business affairs or interests of the Company. (b) Nothing contained in this Paragraph 7 shall be deemed to prevent or limit the Executive's right to invest in the capital stock or other securities of any business dissimilar from that of the Company or, solely as a passive or minority investor, in any business. View More

Term. The term of the employment shall be for One (1) year, commencing on the Effective Date (the "Term"), unless sooner terminated by the Company or Employee in accordance with the terms of this Agreement or pursuant to Section 6 below.

Term. This Agreement is effective as of January 1, 2015 and will expire on December 31, 2017 (the "Initial Three Year Term"); provided that on and after January 1, 2017 (the second anniversary of this Agreement) the Initial Three Year Term shall be automatically extended by one day on each day that passes while you are employed pursuant to this Agreement (including any day after the end of the Initial Three Year Term) so that there will always be one year remaining in the term of this Agreement (the... Initial Three Year Term and any extended term of this Agreement is referred to as the "Employment Period"). In the event of the termination of your employment for any reason after January 1, 2017 when the automatic one-day extensions begin, the automatic one-day extensions shall cease as of your last day of employment pursuant to this Agreement. At any time on or after January 1, 2017, the Company may give you written notice that the Employment Period will not be extended on a daily basis ("Nonrenewal Notice"), in which case this Agreement will terminate one year after the date of the Nonrenewal Notice, but not before the completion of the Initial Three Year Term, or such later date as may be specified in the Nonrenewal Notice. Notwithstanding anything in this Agreement to the contrary, this Agreement will automatically terminate on the first day of the month immediately following the month in which you turn seventy (70). The last day of the Employment Period is sometimes referred to in this Agreement as the "Expiration Date." 3. Compensation. (a) Base Salary. During the Employment Period, you shall receive for your services an annual base salary (the "Base Salary") in an amount to be determined by the Company in accordance with the salary administration program of the Company as it may from time to time be in effect. The Base Salary will be reviewed annually and may be adjusted upward or downward in the sole discretion of the Human Resources and Compensation Committee or the Board of Directors of the Company. The initial Base Salary will be $230,000. In no event will the Base Salary be less than $230,000 during the Employment Period. (b) Short-Term and Long-Term Incentives. During the Employment Period, you may participate in such short-term and/or long-term cash and/or equity incentive plan(s) in such manner and subject to such terms and conditions as the Compensation Committee or the Board of Directors of the Company, in its sole discretion, may determine. An annual bonus, if any, will be paid within two and a half months after the end of the applicable year. To be eligible to receive any bonus, you must be employed by the Company on the date such bonus is paid, unless you have retired in accordance with the Company's retirement policy after the date on which you were deemed to have earned any bonus under the applicable bonus or incentive plan. View More

Term. The term of this Agreement (the "Term") shall become effective as of the Effective Date and shall remain in effect until the earliest of: (a) the Employee's Termination of Employment, regardless of the manner in which it was effected, prior to the effective date of a Change in Control; (b) the conclusion of the Post-Change in Control Period, provided there has been no Qualifying Termination of Employment prior thereto; (c) a termination pursuant to Section 13; (d) the expiration date specified... in a written notice (the "Expiration Notice") provided to the Employee by the Company; provided, however, that such expiration date must be at least 90 days following the date of the Expiration Notice; provided, further, that the Company may not provide an Expiration Notice following, or in anticipation of, a Change in Control; or (e) the date on which all amounts that may be payable to the Employee pursuant to Section 1 have been paid in connection with a Qualifying Termination of Employment. View More