Common use of Amendment to Term Clause in Contracts

Amendment to Term. Section 3 of the Agreement is hereby amended as follows: The employment of the Executive by the Company under the provisions of this Agreement shall end on December 31, 2005, unless further extended or sooner terminated as hereinafter provided. On December 31, 2005, and on the last day of December each year thereafter, the term of the Executive?s employment shall, unless sooner terminated as hereinafter provided, be automatically extended for an additional two year period from the date thereof unless, at least six (6) months before such December 31, the Company shall have delivered to the Executive or the Executive shall have delivered to the Company written notice that the term of the Executive?s employment hereunder will not be extended beyond its existing duration.

Amendment to Term. Section 3 of the Agreement is hereby amended as follows: The employment of the Executive by the Company under the provisions of this Agreement shall end on December 31, 20052010, unless further extended or sooner terminated as hereinafter provided. On December 31, 20052010, and on the last day of December each year thereafter, the term of the Executive?s Executives employment shall, unless sooner terminated as hereinafter provided, be automatically extended for an additional two year period from the date thereof unless, at least six (6) months before such December 31, the Company shall have delivered to the Executive or the Executive shall have delivered to the Company written notice that the term of the Executive?s Executives employment hereunder will not be extended beyond its existing duration.