Common use of Employment for Term Clause in Contracts

Employment for Term. The Company hereby continues to employ Schein and Schein hereby accepts such continued employment with the Company for the period beginning on the Effective Date and ending December 31, 2010 (the "Initial Term"), or upon the earlier termination of the Term pursuant to Section 6. This Agreement shall be automatically renewed for additional one-year periods (the "Renewal Terms;" together with the Initial Term, the "Term") unless either party notifies the other in writing of its intention not to so renew this Agreement no less than 90 days prior to the expiration of the Initial Term or a Renewal Term. The termination of Schein's employment under this Agreement shall end the Term but shall not terminate Schein's or the Company's other obligations that are intended to survive the termination of this Agreement (including without limitation, the payments under Section 7 and 8 and Schein’s obligations under Section 9).

Appears in 1 contract

Samples: Amended and Restated Employment Agreement (Lev Pharmaceuticals Inc)

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Employment for Term. The Company Corporation hereby continues to employ employs Schein and Schein hereby accepts such continued employment with the Company Corporation for the period beginning on the Effective Date date of this Agreement and ending December 31January 19, 2010 2005. (the "Initial Term"), or upon the earlier termination of the Term pursuant to Section 6. This Agreement shall be automatically renewed for additional one-year periods (the "Renewal Terms;" together with the Initial Term, the "Term") unless either party notifies the other in writing of its intention not to so renew this Agreement no less than 90 180 days prior to the expiration of the Initial Term or a Renewal Term. The termination of Schein's employment under this Agreement shall end the Term but shall not terminate Schein's or the CompanyCorporation's other obligations that are intended to survive the termination of agreements in this Agreement (including without limitationAgreement, the payments under Section 7 and 8 and Schein’s obligations under Section 9)except as otherwise provided herein.

Appears in 1 contract

Samples: Employment Agreement (Siga Pharmaceuticals Inc)

Employment for Term. The Company Corporation hereby continues to employ employs Schein and Schein hereby accepts such continued employment with the Company Corporation for the period beginning on the Effective Date January 19, 2000 and ending December 31January 19, 2010 2005. (the "Initial Term"), or upon the earlier termination of the Term pursuant to Section 6. This Agreement shall be automatically renewed for additional one-year periods (the "Renewal Terms;" together with the Initial Term, the "Term") unless either party notifies the other in writing of its intention not to so renew this Agreement no less than 90 180 days prior to the expiration of the Initial Term or a Renewal Term. The termination of Schein's employment under this Agreement shall end the Term but shall not terminate Schein's or the CompanyCorporation's other obligations that are intended to survive the termination of agreements in this Agreement (including without limitationAgreement, the payments under Section 7 and 8 and Schein’s obligations under Section 9)except as otherwise provided herein.

Appears in 1 contract

Samples: Employment Agreement (Siga Technologies Inc)

Employment for Term. The Company hereby continues to employ employs Schein and Schein hereby accepts such continued employment with the Company for the period beginning on the Effective Date November 1, 2004 and ending December October 31, 2010 2008 (the "Initial Term"), or upon the earlier termination of the Term pursuant to Section 6. This Agreement shall be automatically renewed for additional one-year periods (the "Renewal Terms;" together with the Initial Term, the "Term") unless either party notifies the other in writing of its intention not to so renew this Agreement no less than 90 days prior to the expiration of the Initial Term or a Renewal Term. The termination of Schein's employment under this Agreement shall end the Term but shall not terminate Schein's or the Company's other obligations that are intended to survive the termination of agreements in this Agreement (including without limitationAgreement, the payments under Section 7 and 8 and Schein’s obligations under Section 9)except as otherwise provided herein.

Appears in 1 contract

Samples: Employment Agreement (Fun City Popcorn Inc)

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Employment for Term. The Company hereby continues to employ Schein and Schein hereby accepts such continued employment with the Company for the period beginning on the Effective Date and ending December 31, 2010 (the "Initial Term")2012, or upon the earlier termination of the Term pursuant to Section 66 (the "Initial Term"). This Agreement shall be automatically renewed for additional one-year periods (the "Renewal Terms;" together with the Initial Term, the "Term") unless either party notifies the other in writing of its intention not to so renew this Agreement no less than 90 days prior to the expiration of the Initial Term or a Renewal Term. The termination of Schein's employment under this Agreement shall end the Term but shall not terminate Schein's or the Company's other obligations that are intended to survive the termination of this Agreement (including without limitation, the payments under Section 7 and 8 and Schein’s obligations under Section 9).

Appears in 1 contract

Samples: Employment Agreement (Lev Pharmaceuticals Inc)

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