During the Term of Sample Clauses

During the Term of. Employment Employer shall pay Employee an annual cash incentive bonus (the “Incentive Bonus”) of eleven (11%) percent of MHM’s “Income before income taxes” (“Pre-tax Earnings”) as reflected in MHM’s periodic filings with the Securities and Exchange Commission (the “SEC”). The Incentive Bonus is payable as for the period ending January 31st and shall be paid thirty (30) days after MHM’s independent auditors (the “Auditors”) shall have completed their audit of the applicable fiscal year’s results and the compensation committee certifies that the applicable performance criteria has been achieved. Notwithstanding the foregoing, the parties hereto agree that any Incentive Bonus that is payable after fiscal 2003 will be structured to comply with the performance-based compensation exception under Section 162(m) of the Internal Revenue Code of 1986, as amended (the “Code”) (including, without limitation, shareholder approval of the material terms of the Incentive Bonus) to the extent Code Section 162(m) is applicable.
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During the Term of this Contract, if aggregate period that the Buyer makes late payment regarding all payment instalments provided at clause 3.3 and Schedule 2 exceeds 45 (forty five) days then the Seller shall be entitled to unilaterally terminate the Contract in accordance with clause 13 and other rights in accordance with the Laws.
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Related to During the Term of

  • During the Term (a) As compensation for services hereunder rendered during the Term hereof, Executive shall receive a base salary (“Base Salary”) of Five Hundred Thousand Dollars ($500,000) per year payable in equal installments in accordance with the Company’s payroll procedure for its salaried executives. Salary payments and other payments under this Agreement shall be subject to withholding of taxes and other appropriate and customary amounts. Executive may receive increases in his Base Salary from time to time, based upon his performance, subject to approval of the Company.

  • During the Term of Employment (a) Executive shall be eligible to participate in any life, health and long-term disability insurance programs, pension and retirement programs, stock option and other incentive compensation programs, and other fringe benefit programs made available to senior executive employees of the Company from time to time, and Executive shall be entitled to receive such other fringe benefits as may be granted to him from time to time by the Company's Board of Directors.

  • The term Deferred Sales Charge Payment Date" shall mean June 10, 2017 and the tenth day of each month thereafter through October 10, 2017.

  • During the Employment Period (i) Executive shall devote Executive's full time and energy solely and exclusively to the performance of Executive's duties described herein, except during periods of illness or vacation periods.

  • Expiration of the Term This Agreement shall terminate automatically at the expiration of the Period of Employment unless the parties enter into a written agreement extending Employee's employment, except for the continuing obligations of the parties as specified hereunder.

  • Transition Period Due to the nature of our purchasing process, the District often requires an existing service provider to continue to provide goods and/or services while the District is in the process of advertising, evaluating, and awarding a contract for the provision of the same goods and/or services in the future. To accommodate this process, the Contractor shall agree to maintain the same terms and conditions set forth in this Agreement for a period up to ninety (90) days after the automatic termination of this Agreement at the end of its term, if requested by the District, as a transition period. In addition, if the Contractor is not the successful bidder for a future solicitation for the same or similar services, he or she shall agree to provide the same goods and/or services provided in this Agreement for a period up to ninety (90) days to allow for an orderly transition to the new provider. The District and the Contractor may mutually agree to a longer transition period.

  • Conditions Term of Agreement 37 3.1 Conditions Precedent to the Initial Extension of Credit.................37 3.2 Conditions Subsequent to the Initial Extension of Credit................40 3.3 Conditions Precedent to all Extensions of Credit........................40 3.4 Term....................................................................41 3.5

  • Termination of Consulting Period Notwithstanding any other provision hereof, the Consulting Period and Consultant’s services as a consultant hereunder shall terminate, and, except as otherwise specifically provided herein, this Agreement shall terminate:

  • Definition of the Term Business Day". For purposes of this Agreement, "Business Day" means any day on which the New York Stock Exchange, Inc. is open for trading.

  • Commencement of Term The Term commences upon the Commercial Operation Date.

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