TERM OF CONSULTING SERVICES. (a) The Bank hereby engages the Consultant, and the Consultant hereby accepts said engagement, for the Consultant to serve as a director emeritus of the Bank and to provide his personal advice and counsel to the Bank and its affiliates in connection with the business of banking and financial services. Specifically, the Consultant agrees to provide his advice and counsel to the Bank in connection with the on-going operations of the Bank and its affiliates. The Consultant further agrees to perform certain duties in respect to the transition of the Bank becoming an affiliate of the Corporation. Such duties may include, without limitation, counsel and 4 advice in connection with business development and government relations in the market areas served by the Bank. The term under this Agreement shall be for three years, commencing on the date of this Agreement.
(b) During the term of this Agreement, the Consultant's services shall be rendered at such times as shall be mutually agreeable to the Bank and the Consultant, and as shall be reasonably convenient to both the Bank and the Consultant. Such services shall be in the nature of customer and community relations, business development, employee relations and general advice and assistance relating to the business of the Bank and its employees. The Consultant shall work a minimum of 10 hours per week, but shall not be required to work in accordance with any fixed schedule.
(c) Subject to the reasonable requirements and convenience of the Bank, in the performance of the services required of the Consultant hereunder, the Consultant shall have exclusive control over the manner of the performance of such services, including without limitation: (i) the selection of methods, practices, procedures and strategies to be employed in the performance of such services; and (ii) the determination of the places and dates at which such services will be performed.
(d) The Consultant agrees not to elect Retirement during the first 12 months following the date of this Agreement.
TERM OF CONSULTING SERVICES. Except as otherwise expressly agreed to in writing by Consultant and HCI, Consultant's obligation to perform the Management Consulting Services, as described in Section 2.2 of this Agreement, shall commence on the date this Agreement is executed by the parties and shall terminate on the first to occur of the date on which the Purchase Agreement is terminated, pursuant to Section 10.11 thereof, or the Closing Date.
TERM OF CONSULTING SERVICES. The Consultant's services under this Agreement shall commence as of the Effective Date and shall terminate on the earlier of June 30, 2005 and the date of termination of the Consultant's consulting services pursuant to Section 4 or 5 hereof. The period commencing on the Effective Date and terminating 24 months thereafter is referred to as the "24 Month Term", and the period commencing on the Effective Date and terminating as contemplated by the immediately preceding sentence is hereinafter referred to as the "Consulting Services Term".
TERM OF CONSULTING SERVICES. 2.1 The term of this Agreement shall begin on the Ist day of October, 1997 and shall continue until the 31st day of January, 2001.
TERM OF CONSULTING SERVICES. The consulting services to be provided by the Consultant to the Company pursuant to this Article I shall commence as of the date on which a Qualifying Termination occurs (the "Commencement Date") and shall continue for twenty-four (24) consecutive months thereafter (the "Consulting Term"). For purposes of this Agreement, "Cause" shall mean and include (i) an act or acts of fraud or personal dishonesty taken by the Consultant and intended to result in substantial personal enrichment of the Consultant at the expense, and to the detriment, of the Company, (ii) repeated violations by the Consultant of the Consultant's obligations to the Company or under this Agreement which are demonstrably willful and deliberate on the Consultant's part and which are not remedied in a reasonable period of time after receipt of written notice by the Consultant from the Company, or (iii) the conviction of the Consultant by a court of competent jurisdiction of a felony crime. The determination of Cause shall be made in good faith by the Board of Directors of the Company (the "Board") at a meeting of the Board called and held for such purpose, where the Consultant shall be provided reasonable advance written notice of such meeting and of the acts or omissions alleged to constitute "Cause," and shall be provided an opportunity to address the Board in person regarding the acts or omissions of which he is accused. Any termination for Cause shall be made in writing to the Consultant by the Board, which notice shall set forth in detail all acts or omissions upon which the Company is relying for such termination.
TERM OF CONSULTING SERVICES. The initial term of the Executive's consulting services shall be two years, commencing on January 1, 1997 or, if applicable, such earlier date on which the Executive's employment under section 1 is terminated under section 2.1 or 2.2
TERM OF CONSULTING SERVICES. 2.1 The term of this Agreement shall begin on the 1st day of April 1999 and shall continue until the 31st day of March 2014.
TERM OF CONSULTING SERVICES. AG METALS has been providing these Services 7 8 as of the effective date. The term of consulting Services hereunder shall end, and AG METALS' obligations to provide Services and LANCER's obligation to compensate AG METALS for Services hereunder shall automatically terminate, on the earliest of the following to occur, unless terminated earlier pursuant to the terms of this Agreement.
a. Bankruptcy or insolvency of AG METALS;
b. Inability of AG METALS to provide such Services because of the disability or death of a key employee or agent;
c. Determination by LANCER that AG METALS or its representative(s) has acted or failed to act in a way which LANCER believes may have a material adverse effect upon the business, reputation, and/or operations of LANCER (in which case, LANCER must provide AG METALS with written notice and any available documentation of such breach);
d. A breach by AG METALS of any of the terms of this Agreement, including the representations and warranties herein, which is not timely cured as set forth in Section VII.2. hereof, or
e. LANCER ceases to manufacture the Products because they are not commercially viable or profitable, because of excessive recalls or returns, or for any other legitimate business reason, in which event AG METALS shall have a "right of first refusal" with respect to the Products and Technology such that the rights to the Products and Technology shall be transferred to AG METALS upon payment by AG METALS to LANCER of (1) an amount equal to or exceeding that offered by a third party for such rights, if such an offer is received by LANCER, or, if no such offer is received, (2) payment to LANCER of an amount to be established by LANCER.
TERM OF CONSULTING SERVICES. Effective as of the Effective Date through the Continuation Period, the Company hereby retains the Executive, and the Executive hereby agrees to serve, as a consultant to the Company. Subject to the terms and conditions of this Agreement, the Executive shall, from time to time, provide such consulting services as the Company shall reasonably request.
TERM OF CONSULTING SERVICES. The company agrees to hire the Consultant to provide consulting services for a period of 3 years effective at the date of this agreement. After that period the consulting agreement will continue til either party terminates the contract according to the termination clause.
