Advisory Period Clause Samples
The Advisory Period clause defines a specific timeframe during which one party provides advice, guidance, or consultation to another party under the agreement. Typically, this period is set out in the contract and may include details such as start and end dates, the scope of advisory services, and any conditions for extension or early termination. By clearly establishing when advisory services are available and under what terms, this clause ensures both parties have aligned expectations and helps prevent disputes regarding the duration or nature of the advisory relationship.
Advisory Period. If Executive’s Executive Employment is terminated as provided for in paragraph (a) above and such termination was not with cause, then the Company shall retain him as an advisor and consultant for a period of two years after termination (the “Advisory Period”).
Advisory Period. The Executive agrees to serve as an Advisor to the Company from the Transition Date through the earliest of:
(a) June 28, 2025 (the “Planned Advisory Period Termination Date”),
(b) the date Executive accepts employment of any kind with any other employer that has not been approved in writing by the Company pursuant to Section 4 of this Agreement,
(c) the date the Company terminates the Executives employment for Cause (defined as (i) commission of a felony; (ii) dishonesty or misrepresentation involving the Company; (iii) serious misconduct in the performance or non-performance of his or her responsibilities to the Company (e.g., gross negligence, willful misconduct, gross insubordination or unethical conduct) or (iv) or(v) materially breaches any provision of this Agreement or the Confidential Information & Protective Covenants Agreement (“CIPCA”) executed by Executive and ▇▇▇▇ dated April 12, 2021,
(d) the date Executive voluntarily resigns from Executive’s transition services, or
(e) the date of Executive’s death, such period shall be the “Advisory Period.” and the date on which such Advisory Period actually terminates shall be the “Advisory Period Termination Date”. During the Advisory Period, the Executive will continue to be employed by the Company on an at-will basis and shall report to the Company’s Chief Human Resources Officer, ▇▇▇▇▇ ▇▇▇▇. The Company further agrees that prior to March 17, 2025 it will not terminate this Agreement for any reason other than Cause as defined in Section 2(c) above. The Executive and the Company agree that the Executive’s employment with the Company will terminate on the Advisory Period Termination Date and that the Executive shall be deemed to have fully resigned as an Advisor and employee of the Company and its subsidiaries on such date. At any time during the one (1) year following the Advisory Period Termination Date, and in an effort to secure work as an employee, contractor, advisor or Board member, Executive may request that the Company, in its sole discretion, waive the Company’s right to enforce any or all of the restrictions contained in Section 3 (“Protective Covenants”) of the CIPCA, which discretion shall not be unreasonably exercised.
Advisory Period. If ▇▇▇▇▇'▇ Executive Employment is terminated as provided in paragraph (1.1) above, or in any other manner, he shall nevertheless be retained thereafter by WORLD as an advisor and consultant until June 1, 2006.
Advisory Period a. On the Separation Date, provided that the Executive (i) enters into, does not revoke and complies with this Agreement, and (ii) continues to comply with any agreement between the Executive and the Company concerning inventions, confidentiality or restrictive covenants ((i) and (ii) together, the “Conditions”), the Executive shall be retained by the Company as an independent contractor, with no break in service relationship solely for purposes of continued vesting in the Specified Equity Awards (as defined below). The Executive shall continue to serve as an independent contractor of the Company until November 15, 2022, unless the Executive sooner resigns or unless the Company sooner terminates the consulting arrangement for a material breach by the Executive of any of the Condition(s) (which termination by the Company shall be permitted only after the Executive is notified in writing of the alleged material breach and, if the breach is curable, the Executive receives a reasonable opportunity to cure such breach) (the period of independent contractor service under this Agreement being the “Advisory Period”).
b. During the Advisory Period, the Executive shall be available on an as- requested basis to assist with the transition, to provide advisory services with respect to financial matters (the “Services”). The Executive agrees that other than in the course of providing the Services, he will not use or disclose any confidential information of the Company or any third party to which the Company owes a duty of confidentiality. This confidentiality obligation is in addition to, and not in lieu of, the Confidentiality Agreement (as defined in the Severance Agreement) and any other ongoing confidentiality obligations the Executive has to Company. The Executive shall continue to be subject to the Company’s I▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Policy to the extent applicable.
c. During the Advisory Period, the Executive shall no longer be an employee of the Company, but shall be retained as an independent contractor and shall have no authority to bind the Company. The Executive shall not be eligible to participate in any vacation, group medical or life insurance, disability, profit sharing or retirement benefits, or any other fringe benefits or benefit plans offered by Company to its employees (except that the last day of the Executive’s participation in the Company’s group medical plan will be March 31, 2022 and thereafter the Executive may elect continuation coverage as provided by...
Advisory Period. If EXECUTIVE's Employment is terminated as provided in paragraph (1.1) above, or in any other manner, he shall nevertheless be retained thereafter by NUTEK OIL as an advisor and consultant until March 31, 2014 (Advisory Period).
Advisory Period. The Member is appointed to serve on the Advisory Board commencing on the date hereof and continuing until the two-year anniversary of the Effective Date, unless terminated earlier as provided herein (the “Advisory Period”). The board of directors of the Bank may retain or terminate the Advisory Board following the two-year anniversary of the Effective Date. To the extent that the Advisory Board is retained for more than two years following the Effective Date, compensation to the Member for Advisory Board services following the two-year anniversary of the Effective Date will be established no later than the two-year anniversary of the Effective Date.
Advisory Period. You will serve as an independent contractor of the Company for the two (2) year period commencing immediately upon your Separation due to termination of your employment by the Company without Cause or your resignation of employment with the Company for Good Reason (such two (2) year period, the “Advisory Period”).
Advisory Period. The Member shall be appointed to serve on the Georgia Advisory Board commencing on the Closing Date (as defined in the Merger Agreement) (the “Effective Date”) and shall continue to serve until the third anniversary of the Effective Date, unless terminated earlier as provided herein (the “Advisory Period”).
Advisory Period. If the Executive did not elect premium reimbursement from the Company, group term life insurance equal to the amount provided at the end of the Transition Period will be continued until the end of the Advisory Period.
Advisory Period. The Company will engage Advisor for an initial period commencing March 10, 2002 and ending December 31, 2002 the "Initial Advisory Period", and thereafter, the Agreement shall automatically renew for additional periods of one year each (the "Renewal Advisory Periods") (collectively, the "Advisory Period"), unless either party provides written notice of termination to the other at least ten (10) days prior to the expiration of the Initial Advisory Period, or any Renewal Advisory Period.