Common use of Compliance Period Clause in Contracts

Compliance Period. For purposes of Section 9(b) of this Agreement, the "Compliance Period" shall commence on the Effective Date. If an event of termination under Section 7(a) hereof occurs prior to the expiration of the term of this Agreement, the Compliance Period shall end on the later of (A) the expiration of six months from the date of termination of Executive's employment, and (B) the end of the period for which Executive is entitled to receive Severance Payments. If Executive's employment by the Company terminates in accordance with Section 7(c) hereof or if Executive voluntarily terminates employment (other than pursuant to Section 7(a)(ii)) prior to the expiration of the term of this Agreement, the Compliance Period shall end on the later of the expiration of the term of this Agreement and the second anniversary of the termination of Executive's employment. In all cases other than those described in the two preceding sentences, the Compliance Period shall end on the expiration of the term of this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Chi Energy Inc), Employment Agreement (Chi Energy Inc), Employment Agreement (Chi Energy Inc)

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Compliance Period. For purposes of Section 9(b) of this Agreement, the "Compliance Period" shall commence on the Effective Date. If an event of termination under Section 7(a) hereof occurs prior to the expiration of the term of this Agreement, the Compliance Period shall end on the later of (A) the expiration of six months from the date of termination of Executive's employment, and (B) the end of the period for which Executive is entitled to receive Severance Payments. If Executive's employment by the Company terminates in accordance with Section 7(c) hereof or if Executive voluntarily terminates employment (other than pursuant to Section 7(a)(iiSec- xxxx 0(x)(xx)) prior to the expiration of the xxxxx xx xxx xxxxxxxxxx xx xxx term of this Agreement, the Compliance Period shall end on the later of the expiration of the term of this Agreement and the second anniversary of the termination of Executive's employment. In all cases other than those described in the two preceding sentences, the Compliance Period shall end on the expiration of the term of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Consolidated Hydro Inc)

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