Advisory Term Sample Clauses

Advisory Term. Immediately upon the expiration of the CEO Term, IEC shall employ Executive 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. (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. (b) During the Advisory Term, the Company shall pay Executive an advisory fee (the “Advisory Fee”) as follows: (i) from the Resignation Date through December 31, 2021, the Advisory Fee shall be paid at an annual rate equal to 100% of the Current Base Salary and (ii) from January 1, 2022 through October 1, 2022, the Advisory Fee shall be paid at an annual rate equal to 33% of the Current Base Salary. The Advisory Fee shall be pro-rated for any partial period of service and payable in accordance with the Company’s standard payroll policies. In addition, the Company shall reimburse Executive for or directly pay all reasonable, approved and documented business expenses incurred by Executive in the performance of the Advisory Services in accordance with the Company’s expense reimbursement policy. All such expenses must be approved in advance by the Company in writing. For the avoidance of doubt, the Advisory Fee shall not affect the Executive’s entitlement to severance under Section 3(a) above. (c) Executive acknowledges and agrees and it is the intent of the parties hereto that, except as may be required by applicable law or expressly se...

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.

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, ▇▇▇▇▇ 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 ▇▇▇▇▇ on an at-will basis during the Advisory Term. Accordingly, ▇▇▇▇▇ understands that, during the Advisory Term, either the Company or ▇▇▇▇▇ may terminate ▇▇▇▇▇’▇ engagement as Senior Advisor at any time, for any or no reason, with or without prior notice. a) As Senior Advisor, and on an as-needed basis upon reasonable notice from the Company, ▇▇▇▇▇ shall provide transition and other related advisory services to the Company during the Advisory Term in order to assist in providing an effective transition of ▇▇▇▇▇’▇ responsibilities to ▇▇▇▇▇’▇ successor as President and Chief Executive Officer. ▇▇▇▇▇ shall advise the Board, ▇▇▇▇▇’▇ successor and any Interim Delegate or Interim Delegates on matters involving Company strategy, mergers and acquisitions, organizational considerations and other matters as are specified by the Board. ▇▇▇▇▇ shall diligently and competently perform such services and use all reasonable efforts in connection with the performance of such services. 2 93131600.3 0010327-00020 b) ▇▇▇▇▇ and the Company agree that, during the Advisory Term, the anticipated level of all services that ▇▇▇▇▇ may perform for the Company as Senior Advisor shall not be in excess of an average of ten (10) hours per week, which the Company and ▇▇▇▇▇ acknowledge is less than 20% of the average level of services that ▇▇▇▇▇ will have performed for the Company during the three-year period immediately preceding the Separation Date. c) During the Advisory Term, upon presentation of appropriate receipts, the Company shall reimburse ▇▇▇▇▇ for all documented, out-of-pocket expenses ▇▇▇▇▇ incurs in the performance of ▇▇▇▇▇’▇ duties as Senior Advisor, including but not limited to expenses ▇▇▇▇▇ incurs when traveling on Company business when requested by the Board, the CEO or an Interim Delegate to do so. d) Following the termination or expiration of the Advisory Term (and during the Advisory Term as to any responsibility reassigned and delegated to an Interim Delegate as contemplated by Section 1(c)), ▇▇▇▇▇ shall not hold himself out as an officer, director, executive, employee, leased employee, temporary employee, consultant, advisor, agent or other representative of the Company.

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. Your employment as Strategic Advisor pursuant to the terms and conditions of this Agreement will commence on January 1, 2026, and end on September 2, 2026, or an earlier date of termination of this Agreement pursuant to the terms hereof (the “Advisory Term”). The Transition Term and the Advisory Term are collectively referred to herein as the “Term.”

Advisory Term. The Advisory Services shall be performed during a period beginning on February 1, 2026 and ending on May 31, 2026 (the “Advisory Term”), unless terminated beforehand as follows: (a) the Company may terminate this Agreement immediately, without advance notice and without derogating from any other remedy to which the Company may be entitled if you fail to perform the Advisory Services in a timely and effective manner as requested by the Company, or (b) your material breach of this Agreement.

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”).