After the Term Clause Samples
The "After the Term" clause defines the rights and obligations of the parties that continue or arise after the main agreement has ended. Typically, this clause specifies which provisions—such as confidentiality, indemnification, or dispute resolution—remain in effect beyond the contract’s expiration or termination. By clarifying ongoing responsibilities, it ensures that important protections and duties survive the end of the contractual relationship, preventing gaps in coverage or misunderstandings about post-termination conduct.
After the Term. Lessee shall continue to maintain at its expense the insurance described in Section 12(a) for three years after the expiration or termination of the Basic Term or Renewal Term, if Lessee has elected to renew the Lease in accordance with Section 20, covering each Indemnitee as its interest may appear and specifically insuring the indemnity contained in Section 13 to the extent of the coverage of such policy.
After the Term. If, at any time after the Term, Company should terminate Employee's employment without Cause, or if Employee should terminate his employment for Good Reason, Company shall pay to Employee the Severance Payment, which shall be in lieu of any amount payable to Employee under the Company's Severance Policy for Senior Management, payable in a lump sum within five (5) days of termination. Notwithstanding any provision of the Performance Share Plan to the contrary, in the event Employee's employment is terminated pursuant to this Section 6(a)(ii), (A) all Performance Shares granted during the Term shall vest pro rata in proportion to the percentage of the performance cycle for such Performance Shares during which Employee was employed by Company and (B) Employee shall vest in two-thirds of the Performance Shares granted during the Term which have not vested pursuant to clause (A). All Performance Shares granted after the Term shall be treated according to the terms of the Performance Share Plan as then in effect. Within five (5) days of a termination pursuant to this Section 6(a)(ii), Employee shall receive a lump sum cash payment with respect to all such Performance Shares at a value of such shares multiplied by the applicable share price determined under the valuation mechanism in the Performance Share Plan.
After the Term. At-Will"
After the Term. If, after the Term, Company should terminate Employee's employment for Cause or Employee should terminate his employment without Good Reason, Employee will be entitled to be paid the pro-rata annual base salary otherwise payable to Employee under paragraph (a) of Section 4 through the date of termination and a pro-rata annual bonus through the date of termination. Notwithstanding any provision of the Performance Share Plan to the contrary, in the event Employee's employment is terminated pursuant to this Section 6(b)(ii), all outstanding Performance Shares granted during the Term shall vest pro rata in proportion to the percentage of the performance cycle for such Performance Shares during which Employee was employed by Company. All Performance Shares granted after the Term shall be treated according to the terms of the Performance Share Plan then in effect. Within five (5) days of a termination pursuant to this Section 6(b)(ii), Employee shall receive a lump sum cash payment with respect to all such Performance Shares at a value of such shares multiplied by the applicable share price determined under the valuation mechanism in the Performance Share Plan.
After the Term. For a period of eighteen (18) months after the Term (the "Restricted Period"), the Executive shall keep, observe and abide by each of the following separate covenants:
5.2.1 Except on behalf of the Company, the Executive shall not, either directly or indirectly, on his own behalf or as a partner, officer, director, employee, consultant, agent or trustee of any person, firm, corporation, partnership or other entity, within the Area, as defined in Section 5.3, engage in or be employed by or have any interest in any business organization of whatever form engaged, either directly or indirectly, in a Competing Business in a capacity that requires him to perform services on behalf of such Competing Business substantially similar to those performed by him on behalf of the Company; provided, however, that the Executive may during the Restricted Period interview and seek to make arrangements for such employment, engagement or interest that commences after the Restricted Period.
5.2.2 During the Restricted Period, except on behalf of the Company, the Executive shall not, either directly or indirectly, on his own behalf or in the service or on behalf of others, solicit, divert or hire away, to any Competing Business or attempt to solicit, divert or hire away, to any Competing Business any person or persons employed by the Company as of the termination of the Term or within the six (6) months preceding or subsequent to the termination of the Term, whether or not such employee is a full-time employee or a temporary employee of the Company, and whether or not such employment is pursuant to a written contract with the Company or is for a determined period or at will, until such employee has ceased his employment with the Company for at least six (6) months.
After the Term. Upon the termination of this Agreement for any reason, the Company shall have the right to require the Executive not to compete ("Non-Compete Requirement") with the Company for a period of 3 months ("Non-Compete Period"). The Company shall notify the Executive, in writing, within ten (10) days of the termination of this Agreement of its intent to enforce the Non-Compete Requirement. If the Company elects to enforce the Non-Compete Requirement, it shall pay to the Executive in 3 consecutive equal monthly installments of $25,000 each, the total sum of $75,000.00. The first installment shall be due and payable 15 days after the date of termination. If the Company fails to notify Executive of its intent in writing to enforce the Non-Compete Requirement, as provided herein, the Executive shall be free to compete against Company or any business then being conducted by the Company.
After the Term. Upon the expiration of the Term or other termination of this Lease, the Improvements and all alterations, additions, equipment, and fixtures shall be deemed to be and shall automatically become the property of Landlord, without cost or charge to Landlord. ▇▇▇▇▇▇▇▇ agrees that Tenant, at any time prior to the expiration or other termination of this Lease, may remove from the Premises any and all equipment which Tenant has furnished for maintenance purposes or for the use of its management, provided that Tenant shall repair any physical damage to the Premises caused by the removal of such equipment and property. ▇▇▇▇▇▇ agrees to execute, at the request of Landlord at the end of the Term, a quitclaim deed to Landlord for the Improvements. The deed shall be recorded at Landlord’s option and expense and Tenant shall provide any other documents that may be reasonably required by Landlord or Landlord’s title company to provide Landlord title to the Premises and the Improvements free and clear of all monetary liens and monetary encumbrances not caused by or agreed to by Landlord.
After the Term. Upon the expiration of the Term or other termination of the Lease, the Improvements and all alterations, additions, equipment and fixtures shall be deemed to be, and shall automatically become, the property of Lessor, without cost or charge to Lessor. ▇▇▇▇▇▇ agrees that ▇▇▇▇▇▇, at any time prior to the sixtieth (60th) day after the expiration or other termination of this Lease, may remove from the Leased Premises any and all equipment which Lessee has furnished for maintenance purposes or for the use of the Management Agent, provided that Lessee shall repair any physical damage to the Leased Premises caused by the removal of such equipment and property. At the end of the Term or earlier termination of the Lease, ▇▇▇▇▇▇ agrees to execute and deliver to ▇▇▇▇▇▇ a quitclaim deed of the Improvements for the benefit of Lessor and all other documents that may be reasonably required by Lessor or ▇▇▇▇▇▇'s title company to clear from Lessor’s title to the Leased Premises and the Improvements all monetary liens and monetary encumbrances not caused or agreed to by Lessor.
After the Term. Bonus eligibility and opportunities, if any, after the expiration of the Term may be in such amounts and subject to such terms and conditions to be determined and approved by the Board in its sole and absolute discretion prior to the expiration of the Term.
After the Term. Upon the expiration or earlier termination of this Lease, subject to Article 13 hereof, Tenant shall surrender the Leased Premises to Landlord with all Improvements in good condition, reasonable wear and tear excepted, and Tenant shall not be permitted to remove any Improvements. Upon the expiration or earlier termination of this Lease, subject to Article 13 hereof, all Improvements and all alterations, additions, equipment and fixtures thereto shall be deemed to be and shall automatically become the property of Landlord, without cost or charge to Landlord.