Senior Advisor or Producer Sample Clauses

Senior Advisor or Producer. (a) Election to Continue as Advisor or Producer; Term. Upon the earlier of (i) the end of the Employment Term as a result of the termination of your employment pursuant to paragraph 9(b) or 9(c) or (ii) the expiration of the Original Employment Term (provided you remained employed and are being paid on Employer’s payroll through the end of the Original Employment Term and there has not occurred a renewal of the Employment Term), you may elect to continue your employment in a different capacity as either: (i) a Senior Advisor (an “Advisor”) to Employer and its subsidiaries for a period of three years (the “Advisory Period”) or (ii) a producer for Employer and its subsidiaries (a “Producer”) for a period of three years (the “Producer Period”), in each case, subject to earlier termination of the Advisory Period or Producer Period, as applicable, in accordance with this paragraph 11. The Advisory Period or Producer Period, as applicable, may be terminated by (i) you at any time upon fourteen (14) days’ prior written notice to Employer, (ii) Employer for Cause, as determined in accordance with paragraph 9(a), but without regard to clause (v) of such definition, or (iii) by Employer for any other reason. The termination of the Advisory Period pursuant to clauses (i) or (ii) in the preceding sentence is hereinafter referred to as a “Non-Qualifying Termination”. The date on which the Advisory Period or the Producer Period commences is hereinafter referred to as the “Commencement Date”. (b) Services to be Provided During Advisory Period. If you elect to serve as an Advisor for the Advisory Period, then you shall provide such advisory services concerning the business, affairs and management of Employer and its subsidiaries as may be reasonably requested by the Chairman or the Chief Executive Officer of Employer (the “Advisory Services”), but you shall not be required to devote more than five (5) days (up to eight (8) hours per day) each month to such services which shall be performed at a time and place mutually convenient to you and Employer. You may accept other employment during the Advisory Period with any charitable, religious or entertainment industry trade, public interest or public service organization and you may provide services to third parties (including serving as a member of the board of directors of any such party and any entity on which you have already been elected to serve during the Employment Term) provided that such services or the entity to who...

Senior Advisor or Producer