Advisory Term. During the Advisory Term, the Employee is engaged as a consultant and advisor of the Company (and is not to be an officer of the Company or the Parent) and his duties shall include but not be limited to the following:
Advisory Term. Immediately upon the expiration of the CEO Term, IEC shall employ Executive in an active and ongoing capacity as an Advisor to the Board of Directors, and Executive shall serve IEC for a period terminating on December 31, 2020 unless earlier terminated as provided herein (the “Advisory Term”).
Advisory Term. The term of this Agreement (the “Term”) will begin on the Transition Date and will, unless earlier terminated pursuant to Section 3, end upon the conclusion of the Keurig Litigation for any reason, including: (i) the parties to the litigation entering into a settlement and the Company’s collection of all proceeds owed to it as a result of such settlement, (ii) the rendering of a verdict, the exhaustion of all appeals and the Company’s collection of all proceeds owed to it as a result of such verdict or (iii) a dismissal of the case for any reason and the final resolution of all appeals related to such dismissal, resulting in no fees owed to the Company (each, a “Resolution”).
Advisory Term. (a) Provided that Executive remains continuously employed by the Company through the Resignation Date, from the Resignation Date through October 1, 2022 (the “Advisory Term”), Executive shall serve as a non-employee advisor to the Company and shall provide such advisory services to the Company as set forth on Exhibit B and as may be reasonably requested by the New CEO from time to time (collectively, the “Advisory Services”); provided that, the Company may terminate the Advisory Term for Cause or due to Executive’s material breach of this Agreement. During the Advisory Term, Executive shall be available to perform the Advisory Services at such times during normal business hours as may be reasonably requested by the New CEO. Executive shall perform the Advisory Services to the best of Executive’s abilities and in compliance with all applicable laws and Company policies. Notwithstanding the foregoing, the parties intend for Executive to have a “separation from service” within the meaning of Section 409A (as defined below) on the Resignation Date, and accordingly, the level of Advisory Services the Executive performs during the Advisory Term will in no event exceed 20% of the average level of bona fide services performed by Executive for the Company over the thirty-six (36) month period immediately preceding the Resignation Date.
Advisory Term. (a) Provided that Executive remains continuously employed by the Company through the Resignation Date, from the Resignation Date through March 31, 2023 (the “Advisory Term”), Executive shall serve as a non-employee advisor to the Company and shall provide such consulting, advisory and related services to the Company as may be reasonably requested by the Company from time to time to assist in the transition of duties to the New CFO (the “Advisory Services”); provided that, the Company may terminate the Advisory Term for Cause or due to Executive’s material breach of this Agreement and, beginning December 31, 2022, either party may terminate the Advisory Term for any or no reason upon ten (10) days advance written notice to the other party. During the Advisory Term, Executive shall be available to perform the Advisory Services for approximately ten (10) hours per week and at such times during normal business hours as may be reasonably requested by the Company. Executive shall perform the Advisory Services to the best of Executive’s abilities and in compliance with all applicable laws and Company policies.
Advisory Term. The term of this Senior Advisory Agreement (the “Advisory Term”) shall commence as of November 2, 2019 and shall continue in effect until terminated by either you or the Company by providing to the other ninety (90) days’ written notice of termination of the Advisory Term; provided that the Company may elect to provide you with less than ninety (90) days’ written notice of termination of the Advisory Term, in which case, solely for purposes of determining the end of the Advisory Term and applicable Advisory Fee due pursuant to Section 3(a), the Advisory Term shall be deemed to end ninety (90) days after the date you are provided with such written notice of termination by the Company.
Advisory Term. Following the Separation Date, Xxxxx shall serve as Senior Advisor to the Company for a period of one (1) year after the Separation Date (the “Advisory Term”). The Company will engage Xxxxx on an at-will basis during the Advisory Term. Accordingly, Xxxxx understands that, during the Advisory Term, either the Company or Xxxxx may terminate Xxxxx’x engagement as Senior Advisor at any time, for any or no reason, with or without prior notice.
Advisory Term. Company hereby retains Advisor to serve as an independent consultant. The term of this Agreement (the “Term”) shall be the period commencing on the Effective Date and terminating on the one (1) year anniversary thereof, subject to earlier termination upon thirty (30) days’ prior written notice delivered by either party to the other for any reason. Upon any termination of the Services as provided in the preceding sentence, this Agreement shall terminate, except that the provisions set forth in Sections 2.b, 4, 5, and 6 of this Agreement shall survive such termination.
Advisory Term. Unless this Agreement has terminated earlier, ------------- immediately following the CEO Term, Executive shall act as Special Advisor to the Company until the earlier of (i) the date three (3) years from the Effective Date, or (ii) the termination of such services as provided herein (the "Advisory Term") (the CEO Term and the Advisory Term shall collectively be referred to as the "Employment Term").
Advisory Term. (i) Compensation During the Advisory Term. During the Advisory ------------------------------------- Term, the Company will pay Executive as compensation for his services a base salary at the annualized rate of $120,000 (the "Special Advisor Base Salary"). The Special Advisor Base Salary will be paid periodically in accordance with the Company's normal payroll practices and be subject to the usual required withholding. If Executive is terminated with Cause during the Advisory Term, then Executive shall receive the Special Advisor Base Salary only through the date of such termination. If Executive is terminated without Cause during the Advisory Term, the Company shall continue to pay the Special Advisor Base Salary until the conclusion of the Advisory Term in accordance with the Company's normal payroll practices and such payment will be subject to any required withholding.
