During the Term, Xx Sample Clauses

During the Term, Xx. Xxxxxxxxx shall be entitled to participate in all fringe benefits and perquisites made available to other employees of the Company, subject to Xx. Xxxxxxxxx’ satisfaction of all applicable eligibility conditions to receive such fringe benefits and perquisites.
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During the Term, Xx. Xxxxxxxx shall be subject to the out-of-pocket expense reimbursement policies of Laurentian, including for travel, relocation, meals and hospitality and other expenses associated with the secondment for Xx. Xxxxxxxx. Xxxxxxxxxx will reimburse Xx. Xxxxxxxx directly for these expenses.
Sample 1
During the Term, Xx. Xxxxxx will not engage in or render any services to or be employed by any Competing Business (as defined below). (b) Xx. Xxxxxx agrees that he will not engage in or render any services to or be employed by any business or enterprise that makes, uses, sells or seeks regulatory approval for generic substitutes for any of the company's products that as of the date of this Agreement are approved by the United States Food and Drug Administration i.e. amifostine, trimetrexate glucuronate and altretamine.
Sample 1
During the Term, Xx. Xxxxxxx shall be paid an annual salary of Four Hundred Five Thousand Dollars ($405,000) (“Base Salary”) for his service (i) as both Interim President and Chief Executive Officer and Chairman of the Board prior to the date on which the successor President and Chief Executive Officer commences his or her employment in such position and (ii) assisting with, at the Company’s option, up to full time effort in a transition period during the three (3) months following such commencement of employment by the successor President and Chief Executive Officer. The Base Salary will be paid in monthly installments of Thirty-Three Thousand Seven Hundred Fifty Dollars ($33,750), less normally applicable payroll deductions and withholdings, in accordance with the Company’s usual payroll cycle for executives. Following the conclusion of the Term, Xx. Xxxxxxx’x compensation shall revert to an annualized amount of One Hundred Thousand Dollars ($100,000), the level of compensation that he had been receiving as Chairman of the Board. This compensation will be paid in monthly installments of $8,333.33, or on a pro-rata basis for partial months, through April 30, 2009, at which time the Company shall have no further obligation to pay Xx. Xxxxxxx such compensation.
Sample 1
During the Term, Xx. Xxxxxxx shall not compete with Nutraceutix with respect to US Patent Number 6,090,411 or such other matters as are described in any Additional Services Agreement, directly or indirectly, by conducting research, consulting or otherwise, as advisor, consultant, independent contractor, principal, agent, partner, officer, director, shareholder, employee, member of any association or otherwise; provided that this paragraph 10 shall not prohibit Xx. Xxxxxxx from continuing his current employment with Temple University.
Sample 1
During the Term, Xx. XxXxxxx will not directly or indirectly engage in the business of, or own or control any interest in (except as a passive investor owning less than ten percent (10%) of the equity securities of a publicly-owned company), or act as a director, officer or employee of, or consultant to, any individual, partnership, joint venture, corporation or other business entity directly or indirectly engaged anywhere in the United States in any business competing with the business carried on by the Company or any of its subsidiaries.
Sample 1
During the Term, Xx. Xxxxxx agrees to devote his full time and attention to the business of the Bank as shall be required for its efficient management. Xx. Xxxxxx will faithfully perform such duties of the office of President as are required by the By-Laws of the Bank, and shall so perform such other duties as may be entrusted to him by resolution of the Board. During the Term, Xx. Xxxxxx will not be employed by any other entity, or engage in any other services for payment, with the express approval of the Board.
Sample 1
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During the Term, Xx. Xxx shall inform and obtain the prior approval of the President before accepting any board positions of a for-profit public or privately held organisation regardless of whether such an organisation falls under the ambit of Clause 16.1 above.
Sample 1

Related to During the Term, Xx

  • 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.

  • 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.

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

  • 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

  • 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.

  • 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.

  • 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:

  • Cooperation Following the Closing Following the Closing, each Party shall deliver to the other Parties such further information and documents and shall execute and deliver to the other Parties such further instruments and agreements as any other Party shall reasonably request to consummate or confirm the transactions provided for herein, to accomplish the purpose hereof or to assure to any other Party the benefits hereof.

  • Short Sales and Confidentiality After The Date Hereof Each Purchaser severally and not jointly with the other Purchasers covenants that neither it nor any Affiliate acting on its behalf or pursuant to any understanding with it will execute any Short Sales during the period commencing at the Discussion Time and ending at the time that the transactions contemplated by this Agreement are first publicly announced as described in Section 4.6. Each Purchaser, severally and not jointly with the other Purchasers, covenants that until such time as the transactions contemplated by this Agreement are publicly disclosed by the Company as described in Section 4.6, such Purchaser will maintain the confidentiality of all disclosures made to it in connection with this transaction (including the existence and terms of this transaction). Each Purchaser understands and acknowledges, severally and not jointly with any other Purchaser, that the Commission currently takes the position that coverage of short sales of shares of the Common Stock “against the box” prior to the Effective Date of the Registration Statement with the Securities is a violation of Section 5 of the Securities Act, as set forth in Item 65, Section A, of the Manual of Publicly Available Telephone Interpretations, dated July 1997, compiled by the Office of Chief Counsel, Division of Corporation Finance. Notwithstanding the foregoing, no Purchaser makes any representation, warranty or covenant hereby that it will not engage in Short Sales in the securities of the Company after the time that the transactions contemplated by this Agreement are first publicly announced as described in Section 4.6. Notwithstanding the foregoing, in the case of a Purchaser that is a multi-managed investment vehicle whereby separate portfolio managers manage separate portions of such Purchaser's assets and the portfolio managers have no direct knowledge of the investment decisions made by the portfolio managers managing other portions of such Purchaser's assets, the covenant set forth above shall only apply with respect to the portion of assets managed by the portfolio manager that made the investment decision to purchase the Securities covered by this Agreement.

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