Common use of Advisory Term Clause in Contracts

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: (i) Promoting the public and investment community viewpoint and perspective of the Company and the Parent; (ii) Advising the Board of Directors of the Company and the Parent regarding the activities of the Company and/or the Parent; (iii) Providing services to the Company and/or the Parent as requested by the Company not less than ten (10) days per calendar month and one thousand (1000) hours per calendar year (or part thereof on a prorated basis); and (iv) Reporting regularly to the Board of Directors of the Company and the Parent. During the Advisory Term, Employee shall have no day-to-day administrative or management duties or responsibilities, except as specifically requested by the Board of Directors.