Common use of Effective Date and Term of Agreement Clause in Contracts

Effective Date and Term of Agreement. (a) This Agreement is effective and binding on both parties as of the date hereof and, subject to Section 2(b) hereof and to Section 2(c) hereof, shall continue to apply in accordance with its terms to a termination of Executive's employment with the Company occurring on or before December 31, 2002; provided, however, that, as of January 1, 2001, and each January 1 thereafter, this Agreement shall automatically be extended to apply in accordance with its terms to a termination of Executive's employment with the Company occurring on or before one (1) additional year has elapsed unless, not later than September 30 of the preceding year, the Company shall have given notice that it does not wish so to extend this Agreement; and provided, further, that, notwithstanding any such notice by the Company not to so extend this Agreement, if a Change in Control (as hereinafter defined) shall have occurred, during the original or extended period, this Agreement shall continue to apply in accordance with its terms to a termination of Executive's employment with the Company occurring on or before the expiration of three (3) years after the occurrence of such Change in Control. Notwithstanding the present effectiveness of this Agreement and except to the extent expressly otherwise provided in Sections 1(d) and 2(b) of this Agreement, the provisions of Sections 3 and 4 of this Agreement shall become operative only when, as and if there has been a Change in Control.

Effective Date and Term of Agreement. (a) This Agreement is effective and binding on both parties as of the date hereof and, subject to Section 2(b) hereof and to Section 2(c) hereof, shall continue to apply in accordance with its terms to a termination of Executive's employment with the Company occurring on or before December 31, 2002; provided, however, that, as of January 1, 2001, and each January 1 thereafter, this Agreement shall automatically be extended to apply in accordance with its terms to a termination of Executive's employment with the Company occurring on or before one (1) additional year has elapsed unless, not later than September 30 of the preceding year, the Company shall have given notice that it does not wish so to extend this Agreement; and provided, further, that, notwithstanding any such notice by the Company not to so extend this Agreement, if a Change in Control (as hereinafter defined) shall have occurred, during the original or extended period, this Agreement shall continue to apply in accordance with its terms to a termination of Executive's employment with the Company occurring on or before the expiration of three (3) years after the occurrence of such Change in Control. Notwithstanding the present effectiveness of this Agreement and except to the extent expressly otherwise provided in Sections 1(d) and 2(b) of this Agreement, the provisions of Sections 3 and 4 of this Agreement shall become operative only when, as and if there has been a Change in Control.provisions

Effective Date and Term of Agreement. (a) This Agreement is effective and binding on both parties as of the date hereof and, subject to Section 2(b) hereof and to Section 2(c) hereof, shall continue to apply in accordance with its terms to a termination of the Executive's employment with the Company occurring on or before December 31, 2002; provided, however, that, as of January 1, 2001, and each January 1 thereafter, this Agreement shall automatically be extended to apply in accordance with its terms to a termination of the Executive's employment with the Company occurring on or before one (1) additional year has elapsed unless, not later than September 30 of the preceding year, the Company shall have given notice that it does not wish so to extend this Agreement; and provided, further, that, notwithstanding any such notice by the Company not to so extend this Agreement, if a Change in Control (as hereinafter defined) shall have occurred, during the original or extended period, this Agreement shall continue to apply in accordance with its terms to a termination of Executive's employment with the Company occurring on or before the expiration of three (3) years after the occurrence of such Change in Control. Notwithstanding the present effectiveness of this Agreement and except to the extent expressly otherwise provided in Sections 1(d) and 2(b) of this Agreement, the provisions of Sections 3 and 4 of this Agreement shall become operative only when, as and if there has been a Change in Control.

Effective Date and Term of Agreement. (a) This Agreement is effective and binding on both parties as of the date hereof and, subject to Section 2(b) hereof and to Section 2(c) hereof, shall continue to apply in accordance with its terms to a termination of Executive's employment with the Company occurring on or before December 31, 2002; provided, however, that, as of January 1, 2001, and each January 1 thereafter, this Agreement shall automatically be extended to apply in accordance with its terms to a termination of Executive's employment with the Company occurring on or before one (1) additional year has elapsed unless, not later than September 30 of the preceding year, the Company shall have given notice that it does not wish so to extend this Agreement; and provided, further, that, notwithstanding any such notice by the Company not to so extend this Agreement, if a Change in Control (as hereinafter defined) shall have occurred, during the original or extended period, this Agreement shall continue to apply in accordance with its terms to a termination of of` Executive's employment with the Company occurring on or before the expiration of three (3) years after the occurrence of such Change in Control. Notwithstanding the present effectiveness of this Agreement and except to the extent expressly otherwise provided in Sections 1(d) and 2(b) of this Agreement, the provisions of Sections 3 and 4 of this Agreement shall become operative only when, as and if there has been a Change in Control.

Effective Date and Term of Agreement. (a) This Agreement is effective and binding on both parties as of the date hereof and, subject to Section 2(b) hereof and to Section 2(c) hereof, shall continue to apply in accordance with its terms to a termination of the Executive's employment with the Company occurring on or before December 31, 2002; provided, however, that, as of January 1, 2001, and each January 1 thereafter, this Agreement shall automatically be extended to apply in accordance with its terms to a termination of the Executive's employment with the Company occurring on or before one (1) additional year has elapsed unless, not later than September 30 of the preceding year, the Company shall have given notice that it does not wish so to extend this Agreement; and provided, further, that, notwithstanding any such notice by the Company not to so extend this Agreement, if a Change in Control (as hereinafter defined) shall have occurred, during the original or extended period, this Agreement shall continue to apply in accordance with its terms to a termination of of` Executive's employment with the Company occurring on or before the expiration of three (3) years after the occurrence of such Change in Control. Notwithstanding the present effectiveness of this Agreement and except to the extent expressly otherwise provided in Sections 1(d) and 2(b) of this Agreement, the provisions of Sections 3 and 4 of this Agreement shall become operative only when, as and if there has been a Change in Control.

Effective Date and Term of Agreement. (a) This Agreement is effective and binding on both parties as of the date hereof and, subject to Section 2(b) hereof and to Section 2(c) hereof, shall continue to apply in accordance with its terms to a termination of Executive's employment with the Company occurring on or before December 31, 2002; provided, however, that, as of January 1, 2001, and each January 1 thereafter, this Agreement shall automatically be extended to apply in accordance with its terms to a termination of Executive's employment with the Company occurring on or before one (1) additional year has elapsed unless, not later than September 30 of the preceding year, the Company shall have given notice that it does not wish so to extend this Agreement; and provided, further, that, notwithstanding any such notice by the Company not to so extend this Agreement, if a Change in Control (as hereinafter defined) shall have occurred, during the original or extended period, this Agreement shall continue to apply in accordance with its terms to a termination of of` Executive's employment with the Company occurring on or before the expiration of three (3) years after the occurrence of Exhibit 10.50 such Change in Control. Notwithstanding the present effectiveness of this Agreement and except to the extent expressly otherwise provided in Sections 1(d) and 2(b) of this Agreement, the provisions of Sections 3 and 4 of this Agreement shall become operative only when, as and if there has been a Change in Control.