Common use of Termination of Proxy Clause in Contracts

Termination of Proxy. The proxy granted to ▇▇▇▇▇▇ pursuant to Section 3.1 shall terminate and be of no further force or effect upon the earliest to occur of (i) ten years after the Effective Time; (ii) ▇▇▇▇▇▇'▇ death or Disability (as defined in the Employment Agreement); (iii) in the event ▇▇▇▇▇▇ terminates his employment with the Corporation (other than a Constructive Termination as defined in the Employment Agreement); (iv) in the event of ▇▇▇▇▇▇'▇ termination by the Corporation for Cause (as defined in the Employment Agreement) or (v) in the event that ▇▇▇▇▇▇'▇ ownership of Class A Common Stock falls below 1,096,425 Shares, including for this purpose Shares issuable upon conversion, exercise or exchange of all Common Stock Equivalents, as adjusted to reflect stock splits and similar actions in respect of the Class A Common Stock after the Effective Time (the date of the occurrence of any such event described in clauses (i) through (v) being referred to as the "Proxy Termination Date").

Termination of Proxy. The proxy granted to ▇M▇▇▇▇▇ pursuant to Section 3.1 shall terminate and be of no further force or effect upon the earliest to occur of (i) ten years after the Effective Time; (ii) M▇▇▇▇▇▇'’▇ death or Disability (as defined in the Employment Agreement); (iii) in the event ▇M▇▇▇▇▇ terminates his employment with the Corporation (other than a Constructive Termination as defined in the Employment Agreement); (iv) in the event of M▇▇▇▇▇▇'’▇ termination by the Corporation for Cause (as defined in the Employment Agreement) or (v) in the event that M▇▇▇▇▇▇'’▇ ownership of Class A Common Stock falls below 1,096,425 Shares, including for this purpose Shares issuable upon conversion, exercise or exchange of all Common Stock Equivalents, as adjusted to reflect stock splits and similar actions in respect of the Class A Common Stock after the Effective Time (the date of the occurrence of any such event described in clauses (i) through (v) being referred to as the "“Proxy Termination Date"”).