Common use of DURATION & RENEWAL Clause in Contracts

DURATION & RENEWAL. Executive’s employment under this Agreement shall commence as of the Effective Date and shall terminate on the two-year anniversary thereof (the “Initial Term”). At the end of the Initial Term and on each anniversary of such date thereafter (each a “Renewal Date”), this Agreement shall be automatically extended for an additional one-year period (a “Renewal Term”), unless either party provides written notice to the other that this Agreement shall not be extended, such notice to be provided not less than 60 days prior to any Renewal Date or the expiration of the Initial Term, as the case may be (the Initial Term and any Renewal Term referred to as Executive’s “Employment Term”).

Appears in 5 contracts

Samples: Executive Employment Agreement (Renasant Corp), Executive Employment Agreement (Renasant Corp), Executive Employment Agreement (Renasant Corp)

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