Retention Term Sample Clauses

Retention Term. DH hereby retains H&H as a commercial agent for a period of five (5) years commencing on the date of first delivery of DH’s gold production, on an exclusive basis for the entire production coming from all DH’s claims and concessions, to provide the information and services described in paragraphs and 3 below with respect to metals, minerals, and precious metals available in the MARKET. The expected date of first delivery shall be June 1512018.
Sample 1
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Retention Term. The term of Xxxxxxxxxx P.C.’s retention shall begin on February 17, 2015, and shall continue thereafter until terminated by either party upon no less than ninety (90) days written notice to the other party, other than as set forth in Paragraph 5 below (“the Term”).
Sample 1
Retention Term. Client hereby retains CCFC as its non-exclusive financial advisor in connection with the Project for a period of 36 months from the date hereof, renewable thereafter with the consent of both parties (the "Term"). The Term may be cancelled by either party after the ninth month anniversary of the date hereof; provided, however, that the cancelling party provides written notice of such cancellation at least 90-days prior to the effective date of such termination.
Sample 1
Retention Term. Company agrees to retain Executive as an employee, effective as of January 1, 2001 (the "Effective Date"), for a period of eighteen (18) months commencing on the Effective Date (the "Retention Term"). During the Retention Term, Executive shall perform such duties as the Chief Executive Officer of the Company shall determine from time to time at his sole discretion, provided that in no circumstance shall Executive have authority to act as an officer on behalf of the Company. The Executive shall serve the Company faithfully and to the best of his ability, devoting substantially all his business time, attention, knowledge, and skills to such employment; provided, however, that Executive may devote reasonable periods of time to civic or community affairs and engage in personal investment activities, so long as such activities do not, individually or in the aggregate, violate the provisions of Section 8 of this Agreement. Executive may, by written notice to the Company, terminate his employment during the Retention Term at any time. Executive's employment may be terminated by the Company for Cause during the Retention Term only if Executive: (i) is charged with a crime of moral turpitude, (ii) commits an act of fraud, embezzlement, or dishonesty toward the Company, (iii) willfully breaches any of the terms of this Agreement, including, but not limited to, this Section 2 and Section 8 of this Agreement, or (iv) accepts employment with any entity other than the Company or its affiliates. For purposes of this provision, the Company shall be deemed to have Cause to terminate Executive's employment pursuant to clause (iii) of the preceding sentence only if the conduct has not been corrected within thirty (30) days following written notice thereof to Executive, such notice stating with specificity the nature of the breach.
Sample 1
Retention Term. The Company agrees to retain Future to provide the Services, on the terms and subject to the conditions contained herein. Future shall devote such resources and time as shall be necessary to perform all Services reasonably requested by the Company from time to time. All Services shall be provided in a timely and professional manner. Future shall not, directly or indirectly, render any services of a business, commercial, or professional nature to any other entity or person in any way competitive with the Company, whether for compensation or otherwise. Future represents that the execution of this Agreement and the performance of Future’s obligations under this Agreement do not conflict with or result in a breach or a default under any agreement, contract or instrument to which Future is a party or by which Future is bound. The Term of this Agreement shall commence as of the Effective Time and shall continue through December 31, 2007 unless terminated as provided herein (the “Term”).
Sample 1
Retention Term. The Company hereby engages and retains the Consultant, and the Consultant hereby agrees to render services, as a financial advisor and consultant to the Company for a period of two (2) years (the “Term”), with such Term to commence on the date hereof (the “Initial Closing Date”), on which date the Company closed on the sale of its convertible promissory notes (“Convertible Notes”) in an aggregate principal amount of no less than $3,000,000 pursuant to its private offering (the “Offering”) of such Convertible Notes.
Sample 1
Retention Term. (a) Subject to the provisions of subsection 2(c) below, the Company hereby retains the Consultant for a two-year period commencing as of April 5, 1995 and the Consultant hereby accepts such retention. (b) The term of this Agreement shall automatically be extended for consecutive periods of one year each, unless either party shall give notice to the other at least 60 days before the expiration of the initial or then current renewal term. The obligations of Consultant pursuant to Sections 7 through 11 of this Agreement shall survive the termination of the engagement of Consultant hereunder. (c) The effectiveness of this Agreement is conditioned upon the execution by Consultant and Interneuron Pharmaceuticals Inc. ("IPI") of an agreement ( the "Termination Agreement") terminating Consultant's Consulting and Non-Competition Agreement with Interneuron (the "IPI Consulting Agreement"). In the event the acquisition by the Company from Wxxxxx Laboratories, Inc. ("Wxxxxx") of the product known as NutriFem PMS and all related intellectual property rights (the "Assets") is not consummated, then the Company may terminate this Agreement effective as of the end of the first year of this Agreement.
Sample 1
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Retention Term. So long as Executive remains employed during the Retention Term, Executive shall be entitled to receive from Company the following compensation and benefits: (i) A base salary in the annualized amount of four hundred fifteen thousand dollars ($415,000) (the “Base Salary”), payable every two weeks in accordance with the pay periods established by Company, less withholding for federal and state taxes and less appropriate payroll deductions. (ii) Executive shall continue to receive awards of Restricted Stock Units (“RSUs”) in accordance with the terms of the Amended Master Deferred Issuance Stock Agreement between Executive and Level 3 Communications, Inc. dated as of April 1, 2007 (the “RSU Agreement”) and outperform stock appreciation rights (the “Xxxxx Xxxx OSOs”) in accordance with the OSO Master Award Agreement between Executive and Level 3 Communications, Inc. dated as of April 1, 2007 (the “Xxxxx Xxxx OSO Agreement”). The amount of all such awards shall be established by the Compensation Committee at levels substantially consistent with Company’s prior practice for the Chief Financial Officer. Executive acknowledges that he must be actively employed on the grant or award dates to be eligible to receive the RSU and Xxxxx Xxxx OSO awards. All of Executive’s RSUs, Xxxxx Xxxx OSO awards, and outperform stock options granted prior to the Effective Date (the “Prior OSOs” and together with the Xxxxx Xxxx OSOs, the “OSOs”) shall vest in accordance with the applicable terms of the RSU Agreement, the Xxxxx Xxxx OSO Agreement and the agreements with respect to the Prior OSOs (the “Prior OSO Agreements” and together with the “Xxxxx Xxxx OSO Agreement”, the “OSO Agreements”). (iii) Executive shall be eligible to participate in the group medical, dental, life insurance and 401(k) plans of Level 3 Communications, Inc., and all other benefit plans available to employees of Company, in each case subject to the standard costs, terms and conditions for participation in those plans. (iv) Executive agrees that any discretionary bonus amount determined by the Compensation Committee for calendar year 2007 shall only be paid to Executive as a severance benefit in accordance with the terms of Section 2.B. Executive further agrees that he will not be eligible for any bonus for calendar year 2008.
Sample 1

Related to Retention Term

  • Retention Period The Engineer shall maintain all books, documents, papers, accounting records and other evidence pertaining to costs incurred and services provided (hereinafter called the Records). The Engineer shall make the records available at its office during the contract period and for seven (7) years from the date of final payment under this contract, until completion of all audits, or until pending litigation has been completely and fully resolved, whichever occurs last.

  • Consulting Period The Consulting Relationship will be deemed to have commenced on the Separation Date and will continue until October 15, 2023 unless the Consulting Relationship has already been terminated earlier pursuant to Section 3(g) below (the “Consulting Period”).

  • Retention periods Documentation which serves as evidence of orderly and proper data processing must be retained by ATOSS in accordance with the applicable statutory retention periods beyond the end of the contract. To relieve itself of this obligation, ATOSS may turn said documentation over to the Customer at the end of the contract.

  • Duration/Termination 1. This License Agreement is concluded for an indefinite period, subject to termination in accordance with the provisions of article 6.2 and 6.

  • Severance Period For purposes of this Agreement, “Severance Period” means the period of time commencing immediately after Executive’s separation of service from the Company through the date that is six (6) months following such separation date, plus an additional two (2) months for every fully completed Year of Service; provided, however, that in all cases the Severance Period will end no later than on the twelve (12)-month anniversary of the date of Executive’s termination of employment.

  • Expiration/Termination Upon expiration of the Service Period or termination pursuant to Section 7 of the General Terms, Customer shall immediately cease use of the Service and return or destroy (in accordance with Avaya’s instructions) any Deliverables provided to Customer in connection with the Service, including any Avaya’s Intellectual Property. Upon request, Customer shall certify in writing to Avaya that Customer has complied with this provision and Avaya may provide such certification to its suppliers.

  • 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.

  • Severance Allowance A laid-off employee shall be entitled to severance allowance pursuant to Article 55.

  • Agreement Term This Agreement commences on the Effective Date and continues until terminated in compliance with this Clause.

  • Term of Employment; Termination ​ (a) The “Term of Employment” shall commence on the date hereof and shall continue until December 31, 2024; provided, that, should the Executive’s employment by the Company be earlier terminated pursuant to Section 3(b) or by the Executive pursuant to Section 3(c), the Term of Employment shall end on the date of such earlier termination. The Company may extend the Term of Employment by an additional twelve months (“Additional Term”) pursuant to formal action by the Compensation Committee of the Board of Directors at least 90 days prior to the scheduled expiration date of the Term of Employment, unless the Executive notifies the Company of his or her decision to decline any additional term before at least 120 days prior to the scheduled expiration date of the Term of Employment. ​ (b) Subject to the payments contemplated by Sections 3(f) through 3(i), the Term of Employment may be terminated at any time by the Company: ​ (i) upon the death of Executive; ​ (ii) in the event that because of physical or mental disability Executive is unable to perform, and does not perform, in the view of the Company and as certified in writing by a competent medical physician, his or her duties hereunder for a continuous period of three consecutive months or any sixty working days out of any consecutive six month period; ​ (iii) for Cause (as defined in Section 3(d)) or Material Breach (as defined in Section 3(e)); ​ (iv) upon the continuous poor or unacceptable performance of the Executive’s duties to the Companies (other than due to a physical or mental disability), which has remained uncured for a period of 90 days after delivery of notice by the Company to the Executive of such dissatisfaction with Executive’s performance, which notice shall describe in reasonable detail the areas of dissatisfaction; or (v) for any other reason or no reason, it being understood that no reason is required. ​ Executive acknowledges that no representations or promises have been made concerning the grounds for termination or the future operation of the Companies’ business, and that nothing contained herein or otherwise stated by or on behalf of any of the Companies modifies or amends the right of the Company to terminate Executive at any time, with or without Material Breach or Cause. Termination shall become effective upon the delivery by the Company to the Executive of notice specifying such termination and the reasons therefor (i.e., Section 3 (b)(i)-(v)), subject to the requirements for advance notice and an opportunity to cure provided in this Agreement, if and to the extent applicable. Notwithstanding anything to the contrary in this Agreement, for purposes of this Agreement, any reference to “termination,” as it relates to a termination of the Executive’s employment, shall refer to a termination of employment which constitutes a “separation from service” within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended and the regulations promulgated thereunder (“Section 409A”). ​ (c) Subject to the payments contemplated by Section 3(f) and 3(i), the Term of Employment may be terminated at any time by the Executive: ​ (i) upon the death of Executive; ​ (ii) as a result of a material reduction in Executive’s authority, perquisites, position or responsibilities (other than such a reduction in perquisites which affects all of the Company’s senior executives on a substantially equal or proportionate basis), the relocation of the Company’s primary place of business or the relocation of Executive by any of the Companies to another office more than 75 miles from Boston, Massachusetts, or the Company’s willful, material violation of its obligations under this Agreement, in each case, after 60 days’ prior written notice to the Company and its Board of Directors and the Company’s failure thereafter to cure such reduction or violation; or ​ (iii) as a result of the Company’s willful and material violation of this Agreement, the Amended and Restated 2018 Long-Term Incentive Plan (the “Incentive Plan”), or any agreement between Executive and any of the Companies pertaining to awards made pursuant to the Incentive Plan or the Executive Incentive Compensation Plan, in each case as such agreements or plans may be amended from time to time. ​ (d) For the purposes of this Section 3, “Cause” shall mean any of the following:

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