Term and Compensation Sample Clauses

Term and Compensation. (a) The term of this Agreement shall commence on the date on hereinabove first written (the "Effective Date"). (b) This Agreement shall remain in effect for one (1) year from the Effective Date. This Agreement shall continue thereafter for periods not exceeding one (1) year, if approved at least annually (i) by a vote of a majority of the outstanding voting securities of each Series, or (ii) by a vote of a majority of the Board Members of the Fund who are not parties to this Agreement (other than as Board Members of the Fund) or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval. (c) Fees payable to FDDI shall be paid by the Company as set forth in Schedule "B" attached and shall be fixed for the one (1) year period commencing on the Effective Date of this Agreement. Thereafter, the fee schedule will be subject to annual review and adjustment. (d) This Agreement (i) may be terminated at any time without the payment of any penalty, either by a vote of the Trustees of the Fund or by a vote of a majority of the outstanding voting securities of each Series with respect to such Series, on sixty (60) days' written notice to FDDI; and (ii) may be terminated by FDDI on sixty (60) days' written notice to the Fund with respect to any Series. (e) This Agreement shall automatically terminate in the event of its assignment, as defined in the Act.

Term and Compensation. (a) The term of this Agreement shall commence on the date on hereinabove first written (the "Effective Date"). (b) This Agreement shall remain in effect for one (1) year from the Effective Date. This Agreement shall continue thereafter for periods not exceeding one (1) year, if approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund, or (ii) by a vote of a majority of the Board Members of the Fund who are not parties to this Agreement (other than as Board Members of the Fund) or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval. (c) This Agreement (i) may be terminated at any time without the payment of any penalty, either by a vote of the Trustees of the Fund or by a vote of a majority of the outstanding voting securities of the Fund with respect to the Fund, on sixty (60) days' written notice to FDDI; and (ii) may be terminated by FDDI on sixty (60) days' written notice to the Fund with respect to the Fund. (d) This Agreement shall automatically terminate in the event of its assignment, as defined in the Act.

Term and Compensation a. Service Provider agrees to provide a regular school year educational (RSY) program of 180 days, and an extended school year (ESY) educational program of 40 days, beginning October 7th, 2024 ending August 4, 2025. b. The District agrees that in addition to the 220 program days (i.e. 180 RSY plus 40 ESY), there are additional enrollment days included during the regular and extended school year term which are as follows: i. Inclement Weather days ii. Scheduled School Closure days (i.e. winter break, spring break, etc.)

Term and Compensation. The term of this agreement will be for a term of two years to commence on the date of this agreement and end on October 1, 2016. The Company agrees to pay the Consultant a total of $250,000 payable in cash or investment units within 30 day after the qualification of the Offering Statement by the SEC.

Term and Compensation. (a) The term of this Agreement shall commence on the date on which the Trust's registration statement is declared effective-by the U.S. Securities and Exchange Commission ("Effective Date"). (b) This Agreement shall remain in effect for two (2) years from the Effective Date. This Agreement shall continue thereafter for periods not exceeding one (1) year, if approved at least annually (i) by a vote of a majority of the outstanding voting securities of each Series; or (ii) by a vote of a majority of the Trustees of the Trust who are not parties to this Agreement (other than as Trustees of the Trust) or interested persons of any such party, cast in person at a meeting called for the purpose of voting on such approval. (c) Fees payable to FPSB shall be paid by Metropolitan as set forth in Schedule "B" attached and shall be fixed for the two (2) year period commencing on the Effective Date of this Agreement. Thereafter, the fee schedule will be subject to annual review and adjustment. (d) This Agreement (i) may at any time be terminated without the payment of any penalty, either by a vote of the Trustees of the Trust or by a vote of a majority of the outstanding voting securities of each Series with respect to such Series, on sixty (60) days written notice to FPSB; and (ii) may be terminated by FPSB on sixty (60) days written notice to the Trust with respect to any Series. (e) This Agreement shall automatically terminate in the event of its assignment.

Term and Compensation. (a) This Agreement shall continue for a two year period, except the term shall be automatically renewed for a period of one year on each expiration date ("Employment Term") unless either party provides three months written notice of non-renewal to the other party. (a) Executive shall be paid $185,000 per year (the "Base Salary"), payable on a bi-monthly basis in arrears. The Base Salary may be increased from time to time as determined by the Compensation Committee of the Board of Directors (the "Committee"). Such salary shall be effective upon the Corporation completing a Minimum Financing Transaction. A Minimum Financing Transaction is defined as a single or series of transactions that take place subsequent to the date of this Agreement whereby the Corporation raises at least $4 million in gross proceeds. A Minimum Financing Transaction may consist of, or a combination of, the sale of equity or debt, the exercise of warrants or proceeds received under a licensing agreement. From the date of this Agreement until such time that the Minimum Financing Transaction is completed, Executive shall be paid the interim salary of $144,000, payable on a bi-monthly basis in arrears. For purposes of future Base Salary adjustments, Executive shall be treated as if he held the position of President. (b) Executive shall be entitled to an annual cash performance bonus of up to 50% of the Base Salary (the "Performance Bonus") based on annual target performance objectives approved by the Committee. The bonus target may be raised during the Employment Term at the discretion of the Committee. The bonus will only be earned and payable in the event that the Corporation completes a Minimum Financing Transaction. The Compensation Committee of the Board shall be responsible for determining annual bonuses and shall make such determination on or before December 15th of each fiscal year. Bonuses earned in any fiscal year shall be paid in full on or before March 15th of the following fiscal year (e.g. bonus earned in FY'05 shall be paid no later than March 15, 2006). (c) Executive currently holds options to purchase 550,000 shares of the Corporation's common stock and options to purchase 1,052,500 shares of common stock of Osmotics Corporation, all as evidenced by formal option agreements. From time to time, at the discretion of the Committee, Executive may be eligible for additional stock option grants and/or other equity incentive awards.

Term and Compensation. (a) The term of office of each Stakeholder Director shall be two (2) years. Initial terms of Stakeholder Directors shall be staggered by the Board so that these Board members serve initial terms of one (1) or two (2) years. There shall be no limit on the number of terms which may be served by any Stakeholder Director. Stakeholder Directors shall serve without compensation, including when performing duties of a Co-Vice Chair. (b) The term of office of each Independent Director shall be two (2) years. Independent Directors may serve up to three (3) terms for a maximum of six (6) years. Each Independent Director shall be entitled to receive compensation as the Board may from time to time determine in its sole discretion. (c) The term of office of the Board Chair shall be two (2) years, with no limitations on the number of terms that may be served. Compensation arrangements of the Board Chair shall be contained in a separate written agreement approved by the Board.

Term and Compensation. This Agreement shall be for a period of one (1) year commencing on the date first written above ("the Engagement Period. The COMPANY agrees to remit to the CONSULTANT as compensation for said services two thousand $(2,000.00) on a monthly basis or 2,400,000 common shares of the COMPANY payable in advance upon election of Employee within 60 days from the date of the execution of this Agreement.

Term and Compensation. The term of office of the Directors shall be three (3) years. Initial terms of Directors shall be staggered by the Board so that members serve initial terms of one, two, or three years. There shall be no limit on the number of terms which may be served by any individual. Directors shall serve without compensation, including when performing duties of a Co-Vice Chair.

Term and Compensation. In order to ensure LMC members have time to gain sufficient understanding of PCC’s financial and operational challenges to make meaningful recommendations, and to ensure the continuity of such knowledge to make the LMC productive, the term of staff (other than Staff Trustees) on the LMC shall be for the lesser of: