Agreement Term definition
Examples of Agreement Term in a sentence
Executive’s employment with the Company and the Agreement Term will end on the earliest to occur of (i) Executive’s death or Permanent Disability, (ii) the date of Executive’s termination due to resignation at any time with or without Good Reason after the required notice period, or (iii) the date of Executive’s termination by the Company at any time with or without Cause after the required notice period, if any.
Any provision which by its nature is intended to survive and continue in full force in accordance with its terms shall continue notwithstanding the termination of the Agreement Term.
The Company shall use best efforts to purchase and maintain, at its own expense, during the Agreement Term and thereafter insurance coverage sufficient in the reasonable determination of the Board to satisfy any indemnification obligation of the Company arising under this Section 22.
The applicable performance goals shall be determined by the Compensation and Human Capital Management Committee of the Board (the “Comp Committee”), in its sole discretion, provided that during the Agreement Term, the target Annual Bonus for Executive shall be six hundred twenty-five thousand dollars ($625,000).
Executive will promptly disclose and deliver such Work Product to the Company and, at the Company’s expense, perform all actions reasonably requested by the Company (whether during or after the Agreement Term) to establish, confirm and protect such ownership (including, without limitation, the execution of assignments, copyright registrations, consents, licenses, powers of attorney and other instruments).