Common use of Employment Term Clause in Contracts

Employment Term. The Company agrees to employ the Employee pursuant to the terms of this Agreement, and the Employee agrees to be so employed, from the period commencing as of the Effective Date and ending on December 31, 2014 (the “Initial Term”). Notwithstanding anything herein to the contrary, the Employee agrees that he shall not terminate this Agreement prior to the Effective Date. In addition, prior to the Effective Date, the Employee shall agree to cooperate and permit the Company to use his name in regulatory filings that he has approved, which approval shall not unreasonably be withheld or delayed. Upon the expiration of the Initial Term and each Renewal Term (as defined below), as the case may be, the term of this Agreement shall be automatically extended for successive one-year periods (each, a “Renewal Term”), provided, however, that either party hereto may elect not to extend the term of this Agreement by giving written notice to the other party at least 90 days prior to the expiration of the Initial Term or any Renewal Term. Notwithstanding the foregoing, the Employee’s employment hereunder may be earlier terminated at any time during the Initial Term or any Renewal Term in accordance with Section 8 hereof, subject to Section 9 hereof. The period of time between the Effective Date and the termination of the Employee’s employment hereunder for any reason shall be referred to herein as the “Employment Term.” For purposes of this Agreement, “Effective Date” means the date upon which the Offering is consummated.

Employment Term. The Company agrees to employ the Employee pursuant to the terms of this Agreement, and the Employee agrees to be so employedaccept such employment, from in accordance with the terms and conditions of this Agreement, for the period commencing beginning on the date of this Agreement and ending as of the Effective Date and ending close of business on December 31, 2014 2017 (the “Initial Term”). Notwithstanding anything herein such period together with all extensions thereof are referred to the contrary, the Employee agrees that he shall not terminate this Agreement prior to the Effective Date. In addition, prior to the Effective Date, the Employee shall agree to cooperate and permit the Company to use his name in regulatory filings that he has approved, which approval shall not unreasonably be withheld or delayed. Upon the expiration of the Initial Term and each Renewal Term (as defined below), hereinafter as the case may be, the term of this Agreement shall be automatically extended for successive one-year periods (each, a “Renewal "Employment Term”"), ; provided, however, that commencing on January 1, 2018, and on each January 1 thereafter (each such date shall be hereinafter referred to as a "Renewal Date"), the Employment Term shall be extended so as to terminate one year from such Renewal Date if (i) the Company notifies the Employee in writing of such extension at least thirty days prior to such Renewal Date and (ii) the Employee has not previously given the Company written notice that the Employment Term shall not be so extended. In the event that the Company gives the Employee written notice at any time of its intention not to renew the Employment Term, then the Employment Term shall terminate on December 31 of the year in which such notice of non-renewal is given and shall not thereafter be further extended. If the Company fails to notify the Employee at least thirty days prior to a Renewal Date either party hereto may elect not of its intention to extend the term Employment Term as provided above or its intention not to so extend the Employment Term, then the Employment Term shall not be extended and shall terminate as of this Agreement by giving written notice to the other party at least 90 days day prior to the expiration of the Initial Term or any such Renewal Term. Notwithstanding the foregoing, the Employee’s employment hereunder may be earlier terminated at any time during the Initial Term or any Renewal Term in accordance with Section 8 hereof, subject to Section 9 hereof. The period of time between the Effective Date and the termination of the Employee’s employment hereunder for any reason shall be referred to herein as the “Employment TermDate.” For purposes of this Agreement, “Effective Date” means the date upon which the Offering is consummated.

Employment Term. The Company agrees to employ the Employee pursuant to the terms of this Agreement, and the Employee agrees to be so employedaccept such employment, from in accordance with the terms and conditions of this Agreement, for the period commencing beginning on the date of this Agreement and ending as of the Effective Date and ending close of business on December 31, 2014 2002 (the “Initial Term”). Notwithstanding anything herein such period together with all extensions thereof are referred to the contrary, the Employee agrees that he shall not terminate this Agreement prior to the Effective Date. In addition, prior to the Effective Date, the Employee shall agree to cooperate and permit the Company to use his name in regulatory filings that he has approved, which approval shall not unreasonably be withheld or delayed. Upon the expiration of the Initial Term and each Renewal Term (as defined below), hereinafter as the case may be, the term of this Agreement shall be automatically extended for successive one-year periods (each, a “Renewal "Employment Term”"), ; provided, however, that commencing on January 1, 2003, and on each January 1 thereafter (each such date shall be hereinafter referred to as a "Renewal Date"), the Employment Term shall be extended so as to terminate one year from such Renewal Date if (i) the Company notifies the Employee in writing of such extension at least thirty days prior to such Renewal Date and (ii) the Employee has not previously given the Company written notice that the Employment Term shall not be so extended. In the event that the Company gives the Employee written notice at any time of its intention not to renew the Employment Term, then the Employment Term shall terminate on December 31 of the year in which such notice of non-renewal is given and shall not thereafter be further extended. If the Company fails to notify the Employee at least thirty days prior to a Renewal Date either party hereto may elect not of its intention to extend the term Employment Term as provided above or its intention not to so extend the Employment Term, then the Employment Term shall not be extended and shall terminate as of this Agreement by giving written notice to the other party at least 90 days day prior to the expiration of the Initial Term or any such Renewal Term. Notwithstanding the foregoing, the Employee’s employment hereunder may be earlier terminated at any time during the Initial Term or any Renewal Term in accordance with Section 8 hereof, subject to Section 9 hereof. The period of time between the Effective Date and the termination of the Employee’s employment hereunder for any reason shall be referred to herein as the “Employment TermDate.” For purposes of this Agreement, “Effective Date” means the date upon which the Offering is consummated.

Employment Term. The Company agrees to employ the Employee pursuant to the terms of this Agreement, and the Employee agrees to be so employedaccept such employment, from in accordance with the terms and conditions of this Agreement, for the period commencing beginning on the date of this Agreement and ending as of the Effective Date and ending close of business on December 31, 2014 2004 (the “Initial Term”). Notwithstanding anything herein such period together with all extensions thereof are referred to the contrary, the Employee agrees that he shall not terminate this Agreement prior to the Effective Date. In addition, prior to the Effective Date, the Employee shall agree to cooperate and permit the Company to use his name in regulatory filings that he has approved, which approval shall not unreasonably be withheld or delayed. Upon the expiration of the Initial Term and each Renewal Term (as defined below), hereinafter as the case may be, the term of this Agreement shall be automatically extended for successive one-year periods (each, a “Renewal "Employment Term”"), ; provided, however, that commencing on January 1, 2005, and on each January 1 thereafter (each such date shall be hereinafter referred to as a "Renewal Date"), the Employment Term shall be extended so as to terminate one year from such Renewal Date if (i) the Company notifies the Employee in writing of such extension at least thirty days prior to such Renewal Date and (ii) the Employee has not previously given the Company written notice that the Employment Term shall not be so extended. In the event that the Company gives the Employee written notice at any time of its intention not to renew the Employment Term, then the Employment Term shall terminate on December 31 of the year in which such notice of non-renewal is given and shall not thereafter be further extended. If the Company fails to notify the Employee at least thirty days prior to a Renewal Date either party hereto may elect not of its intention to extend the term Employment Term as provided above or its intention not to so extend the Employment Term, then the Employment Term shall not be extended and shall terminate as of this Agreement by giving written notice to the other party at least 90 days day prior to the expiration of the Initial Term or any such Renewal Term. Notwithstanding the foregoing, the Employee’s employment hereunder may be earlier terminated at any time during the Initial Term or any Renewal Term in accordance with Section 8 hereof, subject to Section 9 hereof. The period of time between the Effective Date and the termination of the Employee’s employment hereunder for any reason shall be referred to herein as the “Employment TermDate.” For purposes of this Agreement, “Effective Date” means the date upon which the Offering is consummated.

Employment Term. The Company agrees to employ the Employee pursuant to the terms of this Agreement, and the Employee agrees to be so employedaccept such employment, from in accordance with the terms and conditions of this Agreement, for the period commencing beginning on the date of this Agreement and ending as of the Effective Date and ending close of business on December 31, 2014 2022 (the “Initial Term”). Notwithstanding anything herein such period together with all extensions thereof are referred to the contrary, the Employee agrees that he shall not terminate this Agreement prior to the Effective Date. In addition, prior to the Effective Date, the Employee shall agree to cooperate and permit the Company to use his name in regulatory filings that he has approved, which approval shall not unreasonably be withheld or delayed. Upon the expiration of the Initial Term and each Renewal Term (as defined below), hereinafter as the case may be, the term of this Agreement shall be automatically extended for successive one-year periods (each, a “Renewal "Employment Term”"), ; provided, however, that commencing on January 1, 2023, and on each January 1 thereafter (each such date shall be hereinafter referred to as a "Renewal Date"), the Employment Term shall be extended so as to terminate one year from such Renewal Date if (a) the Company notifies the Employee in writing of such extension at least thirty (30) days prior to such Renewal Date and (b) the Employee has not previously given the Company written notice that the Employment Term shall not be so extended. In the event that the Company gives the Employee written notice at any time of its intention not to renew the Employment Term, then the Employment Term shall terminate on December 31 of the year in which such notice of non-renewal is given and shall not thereafter be further extended. If the Company fails to notify the Employee at least thirty (30) days prior to a Renewal Date either party hereto may elect not of its intention to extend the term Employment Term as provided above or its intention not to so extend the Employment Term, then the Employment Term shall not be extended and shall terminate as of this Agreement by giving written notice to the other party at least 90 days day prior to the expiration of the Initial Term or any such Renewal Term. Notwithstanding the foregoing, the Employee’s employment hereunder may be earlier terminated at any time during the Initial Term or any Renewal Term in accordance with Section 8 hereof, subject to Section 9 hereof. The period of time between the Effective Date and the termination of the Employee’s employment hereunder for any reason shall be referred to herein as the “Employment TermDate.” For purposes of this Agreement, “Effective Date” means the date upon which the Offering is consummated.

Employment Term. The Company agrees Subject always to employ the Employee pursuant to the terms of termination provisions as provided elsewhere in this Agreement, and the Employee agrees to be so employed, from the period commencing as of the Effective Date and ending on December 31, 2014 (the “Initial Term”). Notwithstanding anything herein to the contrary, the Employee agrees that he shall not terminate this Agreement prior to the Effective Date. In addition, prior to the Effective Date, the Employee shall agree to cooperate and permit the Company to use his name in regulatory filings that he has approved, which approval shall not unreasonably be withheld or delayed. Upon the expiration of the Initial Term and each Renewal Term (as defined below), as the case may be, the term of this Agreement shall be begin on the Effective Date of Agreement and shall terminate on the Date of Expiration of Agreement, both as shown on the cover sheet. Unless otherwise terminated as provided elsewhere herein, this Agreement shall automatically extended for successive one-year periods (each, a “Renewal Term”), provided, however, that renew after expiration date on an annual basis unless either party hereto may elect not to extend the term of this Agreement by giving written notice to gives the other party at least 90 thirty (30) days prior to written notice requesting that said Agreement not be renewed. If this Agreement is not renewed and EMPLOYEE continues working beyond Termination Date at the request of ANACOMP, said employment shall be on a month-to-month basis. If, at the expiration of the Initial Term original two-year term or any Renewal Term. Notwithstanding renewal term, ANACOMP declines to renew this Agreement and does not request that EMPLOYEE continue working, of if ANACOMP terminates the foregoingmonth-to-month employment basis described in the previous sentence, the Employee’s EMPLOYEE shall be entitled to all benefits due him under this Agreement and not previously paid, a severance payment equal to EMPLOYEE's prior twelve months' salary, payable in a lump sum or biweekly at EMPLOYEE's option, health benefits until other employment hereunder may be earlier terminated at any time during the Initial Term is secured or any Renewal Term in accordance with Section 8 hereoffor twelve months, subject to Section 9 hereof. The period of time between the Effective Date whichever is sooner, and the termination immediate vesting of all of EMPLOYEE's existing already awarded options to acquire ANACOMP common stock. If, on the other hand, EMPLOYEE elects not to renew the Agreement, EMPLOYEE shall only be entitled to all benefits due him under the Agreement through the end of the Employee’s employment hereunder for any reason shall be referred to herein as then term of the “Employment TermAgreement.” For purposes of this Agreement, “Effective Date” means the date upon which the Offering is consummated.

Employment Term. The Company agrees to employ the Employee pursuant to the terms of this Agreement, and the Employee agrees to be so employedaccept such employment, from in accordance with the terms and conditions of this Agreement, for the period commencing beginning on the date of this Agreement and ending as of the Effective Date and ending close of business on December 31, 2014 2007 (such period together with all extensions thereof are referred to hereinafter as the “Initial Employment Term”). Notwithstanding anything herein to the contrary, the Employee agrees that he shall not terminate this Agreement prior to the Effective Date. In addition, prior to the Effective Date, the Employee shall agree to cooperate and permit the Company to use his name in regulatory filings that he has approved, which approval shall not unreasonably be withheld or delayed. Upon the expiration of the Initial Term and each Renewal Term (as defined below), as the case may be, the term of this Agreement shall be automatically extended for successive one-year periods (each, a “Renewal Term”), ; provided, however, that commencing on January 1, 2008, and on each January 1 thereafter (each such date shall be hereinafter referred to as a “Renewal Date”), the Employment Term shall be extended so as to terminate one year from such Renewal Date if (i) the Company notifies the Employee in writing of such extension at least thirty days prior to such Renewal Date and (ii) the Employee has not previously given the Company written notice that the Employment Term shall not be so extended. In the event that the Company gives the Employee written notice at any time of its intention not to renew the Employment Term, then the Employment Term shall terminate on December 31 of the year in which such notice of non-renewal is given and shall not thereafter be further extended. If the Company fails to notify the Employee at least thirty days prior to a Renewal Date either party hereto may elect not of its intention to extend the term Employment Term as provided above or its intention not to so extend the Employment Term, then the Employment Term shall not be extended and shall terminate as of this Agreement by giving written notice to the other party at least 90 days day prior to the expiration of the Initial Term or any such Renewal Term. Notwithstanding the foregoing, the Employee’s employment hereunder may be earlier terminated at any time during the Initial Term or any Renewal Term in accordance with Section 8 hereof, subject to Section 9 hereof. The period of time between the Effective Date and the termination of the Employee’s employment hereunder for any reason shall be referred to herein as the “Employment TermDate.” For purposes of this Agreement, “Effective Date” means the date upon which the Offering is consummated.

Employment Term. The Company agrees to employ the Employee pursuant to the terms of this Agreement, and the Employee agrees to be so employedaccept such employment, from in accordance with the terms and conditions of this Agreement, for the period commencing beginning on the date of this Agreement and ending as of the Effective Date and ending close of business on December 31, 2014 2004 (such period together with all extensions thereof are referred to hereinafter as the “Initial Employment Term”). Notwithstanding anything herein to the contrary, the Employee agrees that he shall not terminate this Agreement prior to the Effective Date. In addition, prior to the Effective Date, the Employee shall agree to cooperate and permit the Company to use his name in regulatory filings that he has approved, which approval shall not unreasonably be withheld or delayed. Upon the expiration of the Initial Term and each Renewal Term (as defined below), as the case may be, the term of this Agreement shall be automatically extended for successive one-year periods (each, a “Renewal Term”), ; provided, however, that commencing on January 1, 2005, and on each January 1 thereafter (each such date shall be hereinafter referred to as a “Renewal Date”), the Employment Term shall be extended so as to terminate one year from such Renewal Date if (i) the Company notifies the Employee in writing of such extension at least thirty days prior to such Renewal Date and (ii) the Employee has not previously given the Company written notice that the Employment Term shall not be so extended. In the event that the Company gives the Employee written notice at any time of its intention not to renew the Employment Term, then the Employment Term shall terminate on December 31 of the year in which such notice of non-renewal is given and shall not thereafter be further extended. If the Company fails to notify the Employee at least thirty days prior to a Renewal Date either party hereto may elect not of its intention to extend the term Employment Term as provided above or its intention not to so extend the Employment Term, then the Employment Term shall not be extended and shall terminate as of this Agreement by giving written notice to the other party at least 90 days day prior to the expiration of the Initial Term or any such Renewal Term. Notwithstanding the foregoing, the Employee’s employment hereunder may be earlier terminated at any time during the Initial Term or any Renewal Term in accordance with Section 8 hereof, subject to Section 9 hereof. The period of time between the Effective Date and the termination of the Employee’s employment hereunder for any reason shall be referred to herein as the “Employment TermDate.” For purposes of this Agreement, “Effective Date” means the date upon which the Offering is consummated.

Employment Term. The Company agrees to employ the Employee pursuant to the terms of this Agreement, and the Employee agrees to be so employedaccept such employment, from in accordance with the terms and conditions of this Agreement, for the period commencing beginning on the date of this Agreement and ending as of the Effective Date and ending close of business on December 31, 2014 2001 (the “Initial Term”). Notwithstanding anything herein such period together with all extensions thereof are referred to the contrary, the Employee agrees that he shall not terminate this Agreement prior to the Effective Date. In addition, prior to the Effective Date, the Employee shall agree to cooperate and permit the Company to use his name in regulatory filings that he has approved, which approval shall not unreasonably be withheld or delayed. Upon the expiration of the Initial Term and each Renewal Term (as defined below), hereinafter as the case may be, the term of this Agreement shall be automatically extended for successive one-year periods (each, a “Renewal "Employment Term”"), ; provided, however, that commencing on January 1, 2002, and on each January 1 thereafter (each such date shall be hereinafter referred to as a "Renewal Date"), the Employment Term shall be extended so as to terminate one year from such Renewal Date if (i) the Company notifies the Employee in writing of such extension at least thirty days prior to such Renewal Date and (ii) the Employee has not previously given the Company written notice that the Employment Term shall not be so extended. In the event that the Company gives the Employee written notice at any time of its intention not to renew the Employment Term, then the Employment Term shall terminate on December 31 of the year in which such notice of non-renewal is given and shall not thereafter be further extended. If the Company fails to notify the Employee at least thirty days prior to a Renewal Date either party hereto may elect not of its intention to extend the term Employment Term as provided above or its intention not to so extend the Employment Term, then the Employment Term shall not be extended and shall terminate as of this Agreement by giving written notice to the other party at least 90 days day prior to the expiration of the Initial Term or any such Renewal Term. Notwithstanding the foregoing, the Employee’s employment hereunder may be earlier terminated at any time during the Initial Term or any Renewal Term in accordance with Section 8 hereof, subject to Section 9 hereof. The period of time between the Effective Date and the termination of the Employee’s employment hereunder for any reason shall be referred to herein as the “Employment TermDate.” For purposes of this Agreement, “Effective Date” means the date upon which the Offering is consummated.

Employment Term. The Company agrees hereby continues to employ the Employee pursuant to Executive, and Executive hereby accepts continued employment, under the terms of this Agreementand conditions hereof, and the Employee agrees to be so employed, from for the period commencing as (the “Term”) beginning on the Effective Date and terminating upon the earlier of (i) the second anniversary of the Effective Date and ending on December 31, 2014 (the “Initial Term”) and (ii) the Date of Termination as defined in Section 1(j). Notwithstanding anything herein to the contraryThe Company may, the Employee agrees that he shall not terminate this Agreement prior to the Effective Date. In additionin its sole discretion, prior to the Effective Date, the Employee shall agree to cooperate and permit the Company to use his name in regulatory filings that he has approved, which approval shall not unreasonably be withheld or delayed. Upon the expiration of the Initial Term and each Renewal Term (as defined below), as the case may be, the term of this Agreement shall be automatically extended for successive one-year periods (each, a “Renewal Term”), provided, however, that either party hereto may elect not to extend the term of this Agreement by giving written notice for additional one (1)-year periods. If the Company fails to the other party provide Executive with at least 90 days one hundred eighty (180) days’ notice prior to the expiration end of the Initial Term or any Renewal Term. Notwithstanding extension thereof of the foregoingCompany’s intent to not renew this Agreement (the “Non-renewal Notice”), the Employee’s employment hereunder may be earlier terminated at any time during the Initial Term or any Renewal Term in accordance with Section 8 hereof, subject previous extension thereof shall be extended one day for each day past the one hundred eightieth (180th) day prior to Section 9 hereof. The period of time between the Effective Date and the termination end of the Employee’s employment hereunder for Initial Term or any reason extension thereof on which a Non-renewal Notice is not provided; provided that, if the Company fails to provide any Non-renewal Notice and does not extend the term of this Agreement as of the last day of the Initial Term or any extension thereof, the Non-renewal Notice shall be referred deemed to herein as have been given to Executive on the “Employment Term.” For purposes last day of the term of this Agreement, “Effective Date” means the date upon which the Offering is consummated.

Employment Term. The Company agrees hereby continues to employ the Employee pursuant to Executive, and Executive hereby accepts continued employment, under the terms of this Agreementand conditions hereof, and the Employee agrees to be so employed, from for the period commencing as (the “Term”) beginning on the Effective Date and terminating upon the earlier of (i) the second anniversary of the Effective Date and ending on December 31, 2014 (the “Initial Term”) and (ii) the Date of Termination as defined in Section 1(j). Notwithstanding anything herein to the contraryThe Company may, the Employee agrees that he shall not terminate this Agreement prior to the Effective Date. In additionin its sole discretion, prior to the Effective Date, the Employee shall agree to cooperate and permit the Company to use his name in regulatory filings that he has approved, which approval shall not unreasonably be withheld or delayed. Upon the expiration of the Initial Term and each Renewal Term (as defined below), as the case may be, the term of this Agreement shall be automatically extended for successive one-year periods (each, a “Renewal Term”), provided, however, that either party hereto may elect not to extend the term of this Agreement by giving written notice for additional one (1)-year periods. If the Company fails to the other party provide Executive with at least 90 days one hundred eighty (180) days’ notice prior to the expiration end of the Initial Term or any Renewal Term. Notwithstanding extension thereof of the foregoingCompany’s intent to not renew this Agreement (the “Non-renewal Notice”), the Employee’s employment hereunder may be earlier terminated at any time during the Initial Term or any Renewal Term in accordance with Section 8 hereof, subject previous extension thereof shall be extended one day for each day past the one hundred eightieth (180th) day prior to Section 9 hereof. The period of time between the Effective Date and the termination end of the Employee’s employment hereunder for Initial Term or any reason extension thereof on which a Non-renewal Notice is not provided; provided that, if the Company fails to provide any Non- renewal Notice and does not extend the term of this Agreement as of the last day of the Initial Term or any extension thereof, the Non-renewal Notice shall be referred deemed to herein as have been given to Executive on the “Employment Term.” For purposes last day of the term of this Agreement, “Effective Date” means the date upon which the Offering is consummated.

Employment Term. The Company hereby agrees to employ the Employee pursuant to the terms of this AgreementExecutive, and the Employee agrees Executive hereby accepts such employment, on the terms and conditions hereinafter set forth. The period of employment of the Executive by the Company hereunder (the "Employment Period") shall commence the date the Executive begins full-time employment with the Company (which is expected to be so employedon August 14, from 2000, the period commencing "Effective Date") and shall end on the Executive's Date of Termination (as defined in Section 7(b) hereof). The term of this Agreement (the "Term") shall begin on the Effective Date and ending shall end on December 31, 2014 (the “Initial Term”). Notwithstanding anything herein to the contrary2003 thereof; provided, that, on January 1, 2002, and each January 1 thereafter, the Employee agrees that he Term shall not terminate this Agreement prior to the Effective Date. In additionbe extended for one additional year unless, prior to December 1, 2001 with respect to the Effective Dateextension on January 1, 2002, and each December 1 thereafter with respect to each subsequent annual extension, the Employee Company or the Executive shall agree to cooperate and permit the Company to use his name in regulatory filings that he has approved, which approval shall not unreasonably be withheld or delayed. Upon the expiration of the Initial Term and each Renewal Term (as defined below), as the case may be, the term of this Agreement shall be automatically extended for successive one-year periods (each, a “Renewal Term”), provided, however, that either party hereto may elect have given notice not to extend the term Term." All capitalized terms in this Amendment 3 shall have the definition ascribed to those terms in the Employment Agreement. The Employment Agreement continues in full foe and effect, except as amended hereby. This Amendment 3 may be executed in counterparts, each of this Agreement by giving written notice which shall be deemed to be an original but all of which together will constitute one and the other party at least 90 days prior to the expiration same instrument. EXECUTED effective as of the Initial Term or any Renewal Termday and year first written above. Notwithstanding the foregoing, the Employee’s employment hereunder may be earlier terminated at any time during the Initial Term or any Renewal Term in accordance with Section 8 hereof, subject to Section 9 hereof. The period of time between the Effective Date and the termination of the Employee’s employment hereunder for any reason shall be referred to herein as the “Employment Term.” For purposes of this Agreement, “Effective Date” means the date upon which the Offering is consummated.Company: Executive:

Employment Term. The Company agrees to employ the Employee pursuant to the terms of this Agreement, and the Employee agrees to be so employedaccept such employment, from in accordance with the terms and conditions of this Agreement, for the period commencing beginning on the date of this Agreement and ending as of the Effective Date and ending close of business on December 31, 2014 2019 (the “Initial Term”). Notwithstanding anything herein such period together with all extensions thereof are referred to the contrary, the Employee agrees that he shall not terminate this Agreement prior to the Effective Date. In addition, prior to the Effective Date, the Employee shall agree to cooperate and permit the Company to use his name in regulatory filings that he has approved, which approval shall not unreasonably be withheld or delayed. Upon the expiration of the Initial Term and each Renewal Term (as defined below), hereinafter as the case may be, the term of this Agreement shall be automatically extended for successive one-year periods (each, a “Renewal "Employment Term”"), ; provided, however, that commencing on January 1, 2020, and on each January 1 thereafter (each such date shall be hereinafter referred to as a "Renewal Date"), the Employment Term shall be extended so as to terminate one year from such Renewal Date if (i) the Company notifies the Employee in writing of such extension at least thirty days prior to such Renewal Date and (ii) the Employee has not previously given the Company written notice that the Employment Term shall not be so extended. In the event that the Company gives the Employee written notice at any time of its intention not to renew the Employment Term, then the Employment Term shall terminate on December 31 of the year in which such notice of non-renewal is given and shall not thereafter be further extended. If the Company fails to notify the Employee at least thirty days prior to a Renewal Date either party hereto may elect not of its intention to extend the term Employment Term as provided above or its intention not to so extend the Employment Term, then the Employment Term shall not be extended and shall terminate as of this Agreement by giving written notice to the other party at least 90 days day prior to the expiration of the Initial Term or any such Renewal Term. Notwithstanding the foregoing, the Employee’s employment hereunder may be earlier terminated at any time during the Initial Term or any Renewal Term in accordance with Section 8 hereof, subject to Section 9 hereof. The period of time between the Effective Date and the termination of the Employee’s employment hereunder for any reason shall be referred to herein as the “Employment TermDate.” For purposes of this Agreement, “Effective Date” means the date upon which the Offering is consummated.

Employment Term. The Company agrees to employ the Employee pursuant to the terms of this Agreement, and the Employee agrees to be so employedaccept such employment, from in accordance with the terms and conditions of this Agreement, for the period commencing beginning on the date of this Agreement and ending as of the Effective Date and ending close of business on December 31, 2014 20___ (the “Initial Term”). Notwithstanding anything herein such period together with all extensions thereof are referred to the contrary, the Employee agrees that he shall not terminate this Agreement prior to the Effective Date. In addition, prior to the Effective Date, the Employee shall agree to cooperate and permit the Company to use his name in regulatory filings that he has approved, which approval shall not unreasonably be withheld or delayed. Upon the expiration of the Initial Term and each Renewal Term (as defined below), hereinafter as the case may be, the term of this Agreement shall be automatically extended for successive one-year periods (each, a “Renewal "Employment Term”"), ; provided, however, that commencing on January 1, 20___, and on each January 1 thereafter (each such date shall be hereinafter referred to as a "Renewal Date"), the Employment Term shall be extended so as to terminate one year from such Renewal Date if (a) the Company notifies the Employee in writing of such extension at least thirty (30) days prior to such Renewal Date and (b) the Employee has not previously given the Company written notice that the Employment Term shall not be so extended. In the event that the Company gives the Employee written notice at any time of its intention not to renew the Employment Term, then the Employment Term shall terminate on December 31 of the year in which such notice of non-renewal is given and shall not thereafter be further extended. If the Company fails to notify the Employee at least thirty (30) days prior to a Renewal Date either party hereto may elect not of its intention to extend the term Employment Term as provided above or its intention not to so extend the Employment Term, then the Employment Term shall not be extended and shall terminate as of this Agreement by giving written notice to the other party at least 90 days day prior to the expiration of the Initial Term or any such Renewal Term. Notwithstanding the foregoing, the Employee’s employment hereunder may be earlier terminated at any time during the Initial Term or any Renewal Term in accordance with Section 8 hereof, subject to Section 9 hereof. The period of time between the Effective Date and the termination of the Employee’s employment hereunder for any reason shall be referred to herein as the “Employment TermDate.” For purposes of this Agreement, “Effective Date” means the date upon which the Offering is consummated.

Employment Term. The Company agrees to employ the Employee pursuant to the terms of this Agreement, and the Employee agrees to be so employedaccept such employment, from in accordance with the terms and conditions of this Agreement, for the period commencing beginning on the date of this Agreement and ending as of the Effective Date and ending close of business on December 31, 2014 2005 (such period together with all extensions thereof are referred to hereinafter as the “Initial Employment Term”). Notwithstanding anything herein to the contrary, the Employee agrees that he shall not terminate this Agreement prior to the Effective Date. In addition, prior to the Effective Date, the Employee shall agree to cooperate and permit the Company to use his name in regulatory filings that he has approved, which approval shall not unreasonably be withheld or delayed. Upon the expiration of the Initial Term and each Renewal Term (as defined below), as the case may be, the term of this Agreement shall be automatically extended for successive one-year periods (each, a “Renewal Term”), ; provided, however, that commencing on January 1, 2006, and on each January 1 thereafter (each such date shall be hereinafter referred to as a “Renewal Date”), the Employment Term shall be extended so as to terminate one year from such Renewal Date if (i) the Company notifies the Employee in writing of such extension at least thirty days prior to such Renewal Date and (ii) the Employee has not previously given the Company written notice that the Employment Term shall not be so extended. In the event that the Company gives the Employee written notice at any time of its intention not to renew the Employment Term, then the Employment Term shall terminate on December 31 of the year in which such notice of non-renewal is given and shall not thereafter be further extended. If the Company fails to notify the Employee at least thirty days prior to a Renewal Date either party hereto may elect not of its intention to extend the term Employment Term as provided above or its intention not to so extend the Employment Term, then the Employment Term shall not be extended and shall terminate as of this Agreement by giving written notice to the other party at least 90 days day prior to the expiration of the Initial Term or any such Renewal Term. Notwithstanding the foregoing, the Employee’s employment hereunder may be earlier terminated at any time during the Initial Term or any Renewal Term in accordance with Section 8 hereof, subject to Section 9 hereof. The period of time between the Effective Date and the termination of the Employee’s employment hereunder for any reason shall be referred to herein as the “Employment TermDate.” For purposes of this Agreement, “Effective Date” means the date upon which the Offering is consummated.

Employment Term. The Company hereby agrees to employ Executive, and Executive hereby accepts employment with the Employee pursuant Company, in accordance with and subject to the terms and conditions set forth herein. The term of employment of Executive under this Agreement, and Agreement (the Employee agrees to “Term”) shall be so employed, from the period commencing as of on the Effective Date and ending on December 31, 2014 2009, as may be extended in accordance with this Section and subject to earlier termination in accordance with Section 5. The Term shall be extended automatically without further action by either party by one additional year (added to the end of the Term), and then on each succeeding annual anniversary thereafter (each such initial and succeeding year-long extension (if any), an “Initial Extension Term”). Notwithstanding anything herein , unless either party shall have given written notice to the contrary, the Employee agrees that he shall not terminate this Agreement other party at least ninety (90) days prior to the Effective Date. In additiondate upon which such extension would otherwise have become effective electing not to further extend the Term (a “Nonrenewal Notice”), prior to in which case Executive’s employment shall terminate on the Effective Date, the Employee shall agree to cooperate and permit the Company to use his name in regulatory filings that he has approved, which approval shall not unreasonably be withheld or delayed. Upon the date of expiration of the Initial Term and each Renewal then current Term (whether it be the initial Term or the then current Extension Term), unless earlier terminated in accordance with Section 5. In the event that Executive’s employment terminates because either party shall have given timely a Nonrenewal Notice to the other party, in accordance with the preceding sentence, then, notwithstanding anything to the contrary set forth herein, Executive shall upon such termination be entitled to receive the compensation and benefits set forth in Section 5(d) as defined below)if Executive’s employment had been terminated by the Company without Cause, or by Executive for Good Reason, as of the date of expiration of the Term (including, as the case may be, the term date of expiration of the Extension Term during which the Nonrenewal Notice is given). Except to the extent (if any) that the context specifically requires otherwise, references to the Term hereafter in this Agreement shall be automatically extended for successive one-year periods (each, a “Renewal include the initial Term and any Extension Term”), provided, however, . It is intended that either party hereto may elect not to extend the Executive’s previous term of this Agreement by giving written notice to employment with the other party at least 90 days prior to the expiration of the Initial Term or any Renewal Term. Notwithstanding the foregoing, the Employee’s employment hereunder may be earlier terminated at any time during the Initial Term or any Renewal Term in accordance with Section 8 hereof, subject to Section 9 hereof. The period of time between the Effective Date and the termination of the Employee’s employment hereunder for any reason Company shall be referred to herein as included when calculating Executive’s tenure at the “Employment TermCompany for all purposes; it being understood that for all such purposes Executive’s tenure at the Company commenced on August 1, 1990.” For purposes of this Agreement, “Effective Date” means the date upon which the Offering is consummated.