Common use of Automatic Extension of Agreement Term Clause in Contracts

Automatic Extension of Agreement Term. Not withstanding the foregoing, if this Agreement shall not have been terminated in accordance with the provisions herein on or by the 31st day of December, 2000; the term of this Agreement shall be extended automatically without further action by either party such that at every moment of time thereafter, the term shall be one year. Provided, however, during such period of automatic extension of the term, this Agreement may be terminated in accordance with the termination provisions of this Agreement as set forth in Sections 10 and 11.

Appears in 2 contracts

Samples: Employment Agreement (Team Financial Inc /Ks), Employment Agreement (Team Financial Inc /Ks)

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Automatic Extension of Agreement Term. Not withstanding the foregoing, if this Agreement shall not have been terminated in accordance with the provisions herein on or by the 31st day of December, 20002009; the term of this Agreement shall be extended automatically without further action by either party such that at every moment of time thereafter, the term shall be one year. Provided, however, during such period of automatic extension of the term, this Agreement may be terminated in accordance with the termination provisions of this Agreement as set forth in Sections 10 and 11.

Appears in 2 contracts

Samples: Employment Agreement (Team Financial Inc /Ks), Employment Agreement (Team Financial Inc /Ks)

Automatic Extension of Agreement Term. Not withstanding the foregoing, if this Agreement shall not have been terminated in accordance with the provisions herein on or by the 31st day of December, 20002007; the term of this Agreement shall be extended automatically without further action by either party such that at every moment of time thereafter, the term shall be one year. Provided, however, during such period of automatic extension of the term, this Agreement may be terminated in accordance with the termination provisions of this Agreement as set forth in Sections 10 and 11.

Appears in 2 contracts

Samples: Employment Agreement (Team Financial Inc /Ks), Employment Agreement (Team Financial Inc /Ks)

Automatic Extension of Agreement Term. Not withstanding Notwithstanding the foregoing, if this Agreement shall not have been terminated in accordance with the provisions herein on or by the 31st day of December, 20002007; the term of this Agreement shall be extended automatically without further action by either party such that at every moment of time thereafter, the term shall be one year. Provided, however, during such period of automatic extension of the term, this Agreement may be terminated in accordance with the termination provisions of this Agreement as set forth in Sections 10 and 11.

Appears in 1 contract

Samples: Employment Agreement (Team Financial Inc /Ks)

Automatic Extension of Agreement Term. Not withstanding the foregoing, if this Agreement shall not have been terminated in accordance with the provisions herein on or by the 31st day of December, 20002008; the term of this Agreement shall be extended automatically without further action by either party such that at every moment of time thereafter, the term shall be one year. Provided, however, during such period of automatic extension of the term, this Agreement may be terminated in accordance with the termination provisions of this Agreement as set forth in Sections 10 and 11.

Appears in 1 contract

Samples: Employment Agreement (Team Financial Inc /Ks)

Automatic Extension of Agreement Term. Not withstanding the foregoing, if this Agreement shall not have been terminated in accordance with the provisions herein on or by the 31st day of December, 2000; 2008 the term of this Agreement shall be extended automatically without further action by either party such that at every moment of time thereafter, the term shall be one year. Provided, however, during such period of automatic extension of the term, this Agreement may be terminated in accordance with the termination provisions of this Agreement as set forth in Sections 10 and 11.

Appears in 1 contract

Samples: Employment Agreement (Team Financial Inc /Ks)

Automatic Extension of Agreement Term. Not withstanding Notwithstanding the foregoing, if this Agreement shall not have been terminated in accordance with the provisions herein on or by the 31st day of December, 20002003; the term of this Agreement shall be extended automatically without further action by either party such that at every moment of time thereafter, the term shall be one year. Provided, however, during such period of automatic extension of the term, this Agreement may be terminated in accordance with the termination provisions of this Agreement as set forth in Sections 10 and 11.

Appears in 1 contract

Samples: Employment Agreement (Team Financial Capital Trust I)

Automatic Extension of Agreement Term. Not withstanding Notwithstanding the foregoing, if this Agreement shall not have been terminated in accordance with the provisions herein on or by the 31st day of December, 20002008; the term of this Agreement shall be extended automatically without further action by either party such that at every moment of time thereafter, the term shall be one year. Provided, however, during such period of automatic extension of the term, this Agreement may be terminated in accordance with the termination provisions of this Agreement as set forth in Sections 10 and 11.

Appears in 1 contract

Samples: Employment Agreement (Team Financial Inc /Ks)

Automatic Extension of Agreement Term. Not withstanding Notwithstanding the foregoing, if this Agreement shall not have been terminated in accordance with the provisions herein on or by the 31st day of December, 20002001; the term of this Agreement shall be extended automatically without further action by either party such that at every moment of time thereafter, the term shall be one year. Provided, however, during such period of automatic extension of the term, this Agreement may be terminated in accordance with the termination provisions of this Agreement as set forth in Sections 10 and 11.

Appears in 1 contract

Samples: Employment Agreement (Team Financial Inc /Ks)

Automatic Extension of Agreement Term. Not withstanding the foregoing, if this Agreement shall not have been terminated in accordance with the provisions herein on or by the 31st day of December, 2000; 2006 the term of this Agreement shall be extended automatically without further action by either party such that at every moment of time thereafter, the term shall be one year. Provided, however, during such period of automatic extension of the term, this Agreement may be terminated in accordance with the termination provisions of this Agreement as set forth in Sections 10 and 11.

Appears in 1 contract

Samples: Team Financial Inc /Ks

Automatic Extension of Agreement Term. Not withstanding the foregoing, if this Agreement shall not have been terminated in accordance with the provisions herein on or by the 31st day of December, 2000; 2007 the term of this Agreement shall be extended automatically without further action by either party such that at every moment of time thereafter, the term shall be one year. Provided, however, during such period of automatic extension of the term, this Agreement may be terminated in accordance with the termination provisions of this Agreement as set forth in Sections 10 and 11.

Appears in 1 contract

Samples: Employment Agreement (Team Financial Inc /Ks)

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Automatic Extension of Agreement Term. Not withstanding Notwithstanding the foregoing, if this Agreement shall not have been terminated in accordance with the provisions herein on or by the 31st day of December, 20002005; the term of this Agreement shall be extended automatically without further action by either party such that at every moment of time thereafter, the term shall be one year. Provided, however, during such period of automatic extension of the term, this Agreement may be terminated in accordance with the termination provisions of this Agreement as set forth in Sections 10 and 11.

Appears in 1 contract

Samples: Employment Agreement (Team Financial Inc /Ks)

Automatic Extension of Agreement Term. Not withstanding the foregoing, if this Agreement shall not have been terminated in accordance with the provisions herein on or by the 31st day of December, 2000; 2003 the term of this Agreement shall be extended automatically without further action by either party such that at every moment of time thereafter, the term shall be one year. Provided, however, during such period of automatic extension of the term, this Agreement may be terminated in accordance with the termination provisions of this Agreement as set forth in Sections 10 and 11.

Appears in 1 contract

Samples: Employment Agreement (Team Financial Capital Trust I)

Automatic Extension of Agreement Term. Not withstanding the foregoing, if this Agreement shall not have been terminated in accordance with the provisions herein on or by the 31st day of December, 2000; 2005 the term of this Agreement shall be extended automatically without further action by either party such that at every moment of time thereafter, the term shall be one year. Provided, however, during such period of automatic extension of the term, this Agreement may be terminated in accordance with the termination provisions of this Agreement as set forth in Sections 10 and 11.

Appears in 1 contract

Samples: Employment Agreement (Team Financial Inc /Ks)

Automatic Extension of Agreement Term. Not withstanding the foregoing, if this Agreement shall not have been terminated in accordance with the provisions herein on or by the 31st day of December, 20002006; the term of this Agreement shall be extended automatically without further action by either party such that at every moment of time thereafter, the term shall be one year. Provided, however, during such period of automatic extension of the term, this Agreement may be terminated in accordance with the termination provisions of this Agreement as set forth in Sections 10 and 11.

Appears in 1 contract

Samples: Team Financial Inc /Ks

Automatic Extension of Agreement Term. Not withstanding Notwithstanding the foregoing, if this Agreement shall not have been terminated in accordance with the provisions herein on or by the 31st day of December, 20002006; the term of this Agreement shall be extended automatically without further action by either party such that at every moment of time thereafter, the term shall be one year. Provided, however, during such period of automatic extension of the term, this Agreement may be terminated in accordance with the termination provisions of this Agreement as set forth in Sections 10 and 11.

Appears in 1 contract

Samples: Employment Agreement (Team Financial Inc /Ks)

Automatic Extension of Agreement Term. Not withstanding the foregoing, if this Agreement shall not have been terminated in accordance with the provisions herein on or by the 31st day of December, 20002003; the term of this Agreement shall be extended automatically without further action by either party such that at every moment of time thereafter, the term shall be one year. Provided, however, during such period of automatic extension of the term, this Agreement may be terminated in accordance with the termination provisions of this Agreement as set forth in Sections 10 and 11.

Appears in 1 contract

Samples: Employment Agreement (Team Financial Capital Trust I)

Automatic Extension of Agreement Term. Not withstanding the foregoing, if this Agreement shall not have been terminated in accordance with the provisions herein on or by the 31st day of December, 20002005; the term of this Agreement shall be extended automatically without further action by either party such that at every moment of time thereafter, the term shall be one year. Provided, however, during such period of automatic extension of the term, this Agreement may be terminated in accordance with the termination provisions of this Agreement as set forth in Sections 10 and 11.

Appears in 1 contract

Samples: Team Financial Inc /Ks

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