Second Term. Notice to renew or expire If the Agent has extended this Agreement for the Second Term in accordance with clause 15.2 (“First Term – Notice to extend or expire”), the Agent agrees to notify the Bank in writing of whether the Agent proposes to:
Second Term. A full-time or part-time employee awarded any subsequent term position, resulting from (a), at the completion of the term, the Hospital at its discretion, will either return the full-time or part-time employee to his/her former position, or if the Hospital decides not to return the employee to his/her former position, the employee may choose to either be placed on the casual list of the department where the term position occurred, or the casual list of his/her former department.
Second Term. The second term of this Agreement shall commence on April 18, 2023 and shall terminate on the earlier of the date of the regularly scheduled 2025 annual meeting of shareholders of WW or May 31, 2025 (the “Second Term”). The Initial Term and the Second Term together shall constitute the “Term.”
Second Term. The engagement of the Consultant shall be automatically renewable for a second three (3) year term (the “Second Term”).
Second Term. During the Second Term, the Executive shall serve as a Senior Advisor to the Company, in a non-employee capacity, and shall have such authority and responsibilities and shall perform such duties as prescribed by the Board. During the Second Term, the Executive shall serve as a director on the Board and it is anticipated that the Executive will devote approximately 50% of his working time to the Company. For the purposes of this Agreement, any reference to “employee,” “employ” or “employment” (or words of similar meaning) in respect of the Second Term, shall be deemed for convenience to refer to the Executive’s services as a Senior Advisor (but is not intended to reflect the actual worker status of the Executive vis-à-vis the Company during the Second Term).
Second Term. During the thirty (30) months commencing at the end of the Initial Term and continuing until September 30, 2016 (the “Second Term”), the Company expects that the Executive will serve as Executive Chair. In addition, during the Second Term, and subject to rights the Company’s stockholders have to elect directors, the Company expects that the Executive will continue to serve as a member and chair of the Board. In the event that the Board fails to re-appoint or the Company’s stockholders fail to re-elect the Executive to the Board at any time prior to or during the Second Term, the Executive will continue to perform during the Second Term those duties set forth in Section 3.c. above as do not require that he be a Board member. At the end of the Second Term, the parties expect that the Executive may resign his position of Executive Chair and cease his employment with the Company. The Executive may or may not continue thereafter to serve as a member of the Board.
Second Term. With respect to the Second Term, and any subsequent renewal terms, except as otherwise agreed in writing by the parties, the parties hereby establish a five-year cumulative EBIT threshold of * ( * ) (the "Second Term Threshold"). In the event that the actual five-year cumulative EBIT of the Facilities is greater than the Second Term Threshold, the amount over the Second Term Threshold shall be distributed equally between the parties. Unlike Section 6.1(a) above, Cargill shall not be obligated to pay TAI any difference between the Second Term Threshold and the actual five-year cumulative EBIT If the actual five-year cumulative EBIT is below the Second Term Threshold; provided, however, that at the end of the Second Term, Cargill will pay TAI 50% of any shortfall between the five-year cumulative EBIT and * , if any, up to a total of * ; by way of example, if the cumulative EBIT at the end of the Second Term is * , and consequently there is a * shortfall ( * minus * ), Cargill would pay 50% of the * shortfall up to a total of * , which would be * in this example. If this Agreement is terminated before the expiration of the Second Term, or before the expiration of the then current term, the Second Term Threshold shall be adjusted on a prorated basis. By way of example, if this Agreement is terminated 3 years 3 months into the Second Term, the Second Term Threshold would be adjusted from * to * . *CONFIDENTIAL INFORMATION HAS BEEN OMITTED PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT AND FILED SEPARATELY WITH THE SEC
Second Term. Except as otherwise provided in Section 2(f), during the ...., Insurion shall pay Lycos .... which will be paid in .... installments of .... commencing on the first day of the ..... This Pre-Paid Referral Fee is guaranteed to Lycos regardless of transactions achieved by Insurion and will be recouped from any Affiliated Branding Revenue Share (as described in Section 3(d)), and Policy Fees (as described in Section 3(c)) owed by Insurion to Lycos.
