Common use of Employment Period Clause in Contracts

Employment Period. Subject to the provisions for earlier termination hereinafter provided, the Executive's employment hereunder shall be for a term (the "Employment Period") commencing on the Effective Date and ending on the fifth anniversary of the Effective Date (the "Initial Termination Date"); provided, however, that this Agreement shall be automatically extended for one additional year on the Initial Termination Date and on each subsequent anniversary of the Initial Termination Date, unless either the Executive or the Company elects not to so extend the term of the Agreement by notifying the other party, in writing, of such election not less than sixty (60) days prior to the last day of the term as then in effect. For purposes of this Agreement, "Effective Date" shall mean the date written below.

Appears in 29 contracts

Samples: Employment Agreement (Atomic Studios, Inc.), Employment Agreement (Canamed4Pets, Inc.), Employment Agreement (Aqua Quest International, Inc.)

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Employment Period. Subject to the provisions for earlier termination hereinafter provided, the Executive's ’s employment hereunder shall be for a term (the "Employment Period") commencing on the Effective Date and ending on the fifth third anniversary of the Effective Date (the "Initial Termination Date"); provided, however, that this Agreement shall be automatically extended for one additional year on the Initial Termination Date and on each subsequent anniversary of the Initial initial Termination Date, unless either the Executive or the Company elects not to so extend the term of the Agreement by notifying the other party, in writing, of such election not less than sixty (60) days prior to the last day of the term as then in effect. For purposes of this Agreement, "Effective Date" shall mean the date written belowof the closing of the initial public offering of shares of TPG’s common stock.

Appears in 8 contracts

Samples: Employment Agreement (Thomas Properties Group Inc), Employment Agreement (Thomas Properties Group Inc), Employment Agreement (Thomas Properties Group Inc)

Employment Period. Subject to the provisions for earlier termination hereinafter provided, the Executive's ’s employment hereunder shall be for a term (the "Employment Period") commencing on the Effective Date and ending on the fifth anniversary of the Effective Date (the "Initial Termination Date"); provided, however, that this Agreement shall be automatically extended for one additional year on the Initial Termination Date and on each subsequent anniversary of the Initial Termination Date, unless either the Executive or the Company elects not to so extend the term of the Agreement by notifying the other party, in writing, of such election not less than sixty (60) days prior to the last day of the term as then in effect. For purposes of this Agreement, "Effective Date" shall mean the date written below.

Appears in 6 contracts

Samples: Restricted Stock Agreement (Maguire Properties Inc), Employment Agreement (Thomas Properties Group Inc), Employment Agreement (Thomas Properties Group Inc)

Employment Period. Subject to the provisions for earlier termination hereinafter provided, the Executive's ’s employment hereunder shall be for a term (the "Employment Period") commencing on the Effective Date and ending on the fifth third anniversary of the Effective Date (the "Initial Termination Date"); provided, however, that this Agreement shall be automatically extended for one additional year on the Initial Termination Date and on each subsequent anniversary of the Initial Termination Date, unless either the Executive or the Company Broadwing elects not to so extend the term of the Agreement by notifying the other party, in writing, of such election not less than sixty (60) days prior to the last day of the term as then in effect. For purposes the avoidance of doubt, non-renewal of this Agreement, "Effective Date" Agreement by Broadwing pursuant to the proviso contained in the preceding sentence shall mean the date written belowbe considered a termination without Cause unless Executive is otherwise notified by Broadwing.

Appears in 4 contracts

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

Employment Period. Subject to the provisions for earlier termination hereinafter provided, the Executive's ’s employment hereunder shall be for a term (the "Employment Period") commencing on the Effective Date and ending on the fifth anniversary of the Effective Date (the "Initial Termination Date"); provided, however, that this Agreement shall be automatically extended for one additional year on the Initial Termination Date and on each subsequent anniversary of the Initial Termination Date, unless either the Executive or the Company elects not to so extend the term of the Agreement by notifying the other party, in writing, of such election not less than sixty (60) days prior to the last day of the term as then in effect. For purposes of this Agreement, "Effective Date" shall mean the date written below.

Appears in 4 contracts

Samples: Employment Agreement (MC Endeavors, Inc.), Employment Agreement (SNM Global Holdings), Employment Agreement (Square Chain Corp.)

Employment Period. Subject to the provisions for earlier termination hereinafter provided, the Executive's ’s employment hereunder shall be for a term (the "Employment Period") commencing on the Effective Date and ending on the fifth fourth anniversary of the Effective Date (the "Initial Termination Date"); provided, however, that this Agreement shall be automatically extended for one additional year on the Initial Termination Date and on each subsequent anniversary of the Initial initial Termination Date, unless either the Executive or the Company elects not to so extend the term of the Agreement by notifying the other party, in writing, of such election not less than sixty (60) days prior to the last day of the term as then in effect. For purposes of this Agreement, "Effective Date" shall mean the date written belowof the closing of the initial public offering of shares of TPG’s common stock.

Appears in 2 contracts

Samples: Employment Agreement (Thomas Properties Group Inc), Employment Agreement (Thomas Properties Group Inc)

Employment Period. Subject to the provisions for earlier termination hereinafter provided, the Executive's employment hereunder shall be for a term (the "Employment Period") commencing on the Effective Date and ending on the fifth anniversary of the Effective Date (the "Initial Termination Date"); provided, however, that this Agreement shall be automatically extended for one additional year on the Initial Termination Date and on each subsequent anniversary of the Initial Termination Date, unless either the Executive or the Company elects not to so extend the term of the Agreement by notifying the other party, in writing, of such election not less than sixty (60) days prior to the last day of the term as then in effect. For purposes of this Agreement, "Effective Date" shall mean the date written belowof the closing of the initial public offering of shares of the REIT's common stock.

Appears in 2 contracts

Samples: Employment Agreement (Maguire Properties Inc), Employment Agreement (Maguire Properties Inc)

Employment Period. Subject to the provisions for earlier termination hereinafter provided, the Executive's employment hereunder shall be for a term (the "Employment Period"" and or “Term”) commencing on the Effective Date and ending on the fifth anniversary of the Effective Date (the "Initial Termination Date"); provided, however, that this Agreement shall be automatically extended for one additional year on the Initial Termination Date and on each subsequent anniversary of the Initial Termination Date, unless either the Executive or the Company elects not to so extend the term of the Agreement by notifying the other party, in writing, of such election not less than sixty (60) days prior to the last day of the term as then in effect. For purposes of this Agreement, "Effective Date" shall mean the date written below.

Appears in 2 contracts

Samples: Employment Agreement (Sky440, Inc.), Employment Agreement (Sky440, Inc.)

Employment Period. Subject to the provisions for earlier termination hereinafter provided, the Executive's employment hereunder shall be for a term (the "Employment Period") commencing on the Effective Date and ending on the fifth anniversary of the Effective Date (the "Initial Termination Date"); provided, however, that this Agreement shall be automatically extended for one additional year on the Initial Termination Date and on each subsequent anniversary of the Initial Termination Date, unless either the Executive or the Company elects not to so extend the term of the Agreement by notifying the other party, in writing, of such election not less than sixty (60) days prior to the last day of the term as then in effect. For purposes of this Agreement, "Effective Date" shall mean the date written below.

Appears in 1 contract

Samples: Employment Agreement (Dna Brands Inc)

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Employment Period. Subject to the provisions for earlier termination hereinafter provided, the Executive's ’s employment hereunder shall be for a term (the "Employment Period") commencing on the Effective Date and ending on the fifth anniversary of the Effective Date March 12, 2014 (the "Initial Termination Date"); provided, however, that this Agreement shall be automatically extended for one additional year on the Initial Termination Date and on each subsequent anniversary of the Initial Termination Date, unless either the Executive or the Company elects not to so extend the term of the Agreement by notifying the other party, in writing, of such election not less than sixty (60) days prior to the last day of the term as then in effect. For purposes of this Agreement, "Effective Date" shall mean the date written below.

Appears in 1 contract

Samples: Employment Agreement (Maguire Properties Inc)

Employment Period. Subject to the provisions for earlier termination hereinafter provided, the Executive's employment hereunder shall be for a term (the "Employment Period") commencing on the Effective Date and ending on the fifth third anniversary of the Effective Date (the "Initial Termination Date"); provided, however, that this Agreement shall be automatically extended for one additional year on the Initial Termination Date and on each subsequent anniversary of the Initial Termination Date, unless either the Executive or the Company elects not to so extend the term of the Agreement by notifying the other party, in writing, of such election not less than sixty (60) days prior to the last day of the term as then in effect. For purposes of this Agreement, "Effective Date" shall mean the date written belowof the closing of the initial public offering of shares of the REIT's common stock.

Appears in 1 contract

Samples: Employment Agreement (Maguire Properties Inc)

Employment Period. Subject to the provisions for earlier termination hereinafter provided, the Executive's ’s employment hereunder shall be for a term (the "Employment Period") commencing on the Effective Date and ending on the fifth third (3 rd) anniversary of the Effective Date (the "Initial Termination Date"); provided, however, that this Agreement shall be automatically extended for one additional year on the Initial Termination Date and on each subsequent anniversary of the Initial Termination Date, unless either the Executive or the Company elects not to so extend the term of the Agreement by notifying the other party, in writing, of such election not less than sixty (60) days prior to the last day of the term as then in effect. For purposes of this Agreement, "Effective Date" shall mean the date written below.

Appears in 1 contract

Samples: Employment Agreement (Thomas Properties Group Inc)

Employment Period. Subject to the provisions for earlier termination hereinafter provided, the Executive's ’s employment hereunder shall be for a term (the "Employment Period") commencing on the Effective Date and ending on the fifth third anniversary of the Effective Date (the "Initial Termination Date"); provided, however, that this Agreement shall be automatically extended for one additional year on the Initial Termination Date and on each subsequent anniversary of the Initial Termination Date, unless either the Executive or the Company elects not to so extend the term of the Agreement by notifying the other party, in writing, of such election not less than sixty (60) days prior to the last day of the term as then in effect. For purposes of this Agreement, "Effective Date" shall mean the date written below.

Appears in 1 contract

Samples: Employment Agreement (Thomas Properties Group Inc)

Employment Period. Subject to the provisions for earlier termination hereinafter provided, the Executive's ’s employment hereunder shall be for a term (the "Employment Period") commencing on the Effective Date and ending on the fifth anniversary of the Effective Date December 31, 2014 (the "Initial Termination Date"); provided, however, that this Agreement shall be automatically extended for one additional year on the Initial Termination Date and on each subsequent anniversary of the Initial Termination Date, unless either the Executive or the Company elects not to so extend the term of the Agreement by notifying the other party, in writing, of such election not less than sixty (60) days prior to the last day of the term as then in effect. For purposes of this Agreement, "Effective Date" shall mean the date written below.

Appears in 1 contract

Samples: Employment Agreement (MPG Office Trust, Inc.)

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