Two Year Term definition
Examples of Two Year Term in a sentence
At any time on or after January 1, 2023, the Bank may give you written notice that the Employment Period will not be extended on a daily basis (“Nonrenewal Notice”), in which case this Agreement will terminate one (1) year after the date of the Nonrenewal Notice, but not before the completion of the Initial Two Year Term, or such later date as may be specified in the Nonrenewal Notice.
The term of this Amended Employment Agreement and the Employee’s employment hereunder shall automatically renew for successive one year periods beyond the expiration of the Two Year Term (the “Renewal Term”), unless at least ninety (90) days prior to the expiration of the Two Year Term or any Renewal Term either party hereto gives written notice to the other party that it does not intend to renew this Amended Employment Agreement for the coming year.
During the Two Year Term or Renewal Term, the Corporation shall directly pay the cost of a cell phone or wireless handheld device for the Employee’s use.
During the Two Year Term or any Renewal Term, this Amended Employment Agreement may be terminated pursuant to the terms of Paragraph 4 of this Amended Employment Agreement.
At any time on or after January 1, 2023, the Company may give you written notice that the Employment Period will not be extended on a daily basis (“Nonrenewal Notice”), in which case this Agreement will terminate one (1) year after the date of the Nonrenewal Notice, but not before the completion of the Initial Two Year Term, or such later date as may be specified in the Nonrenewal Notice.
Seller has good and marketable title to all of the Purchased Assets, free and clear of all Encumbrances, with the exception of: (i) the lien in favor of Hilco Financial, LLC (“Hilco”) and (ii) the lien in favor of the holders of Two Year Term Notes, as administered by Aequitas Capital Management, Inc.
Additionally, during the Two Year Term or any Renewal Term, the Corporation shall provide an automobile allowance of $400 per month.
It is agreed that apprentices shall be compensated as outlined below: One Year Periods 1st 2nd 3rd 4th 5th Five Year Term 65% 70% 80% 85% 90% Four Year Term 65% 75% 85% 90% Three Year Term 65% 80% 90% Two Year Term 65% 85% $100,000.00 life insurance per employee under age 65; $50,000.00 per employee from age 65 up to and including age 74; $100,000.00 A.D. & D.
The maturity date of the Two Year Term Loan Facility will be December 18, 2015 and the maturity date of the Five Year Term Loan Facility will be the date which is the fifth anniversary of the Closing Date (as applicable for each Term Loan Facility, the “Maturity Date”).
The Two Year Term Loan Facility shall be repayable in full on the applicable Maturity Date.