Common use of Extended Term Clause in Contracts

Extended Term. Upon the occurrence of a Change in Control (as defined in Paragraph 2(d)), the Current Term shall end and the Term of this Agreement shall thereupon automatically be extended, commencing on the date of such Change in Control, for the shorter of four (4) years or the period until Executive attains the earliest age, if any, at which his compulsory retirement is permitted under Section 12(c) of the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 631(c), or any successor provision thereto (such extended four-year or shorter term constituting the "Extended Term").

Appears in 7 contracts

Samples: Executive Employment Agreement (Chesapeake Utilities Corp), Executive Employment Agreement (Chesapeake Utilities Corp), Executive Employment Agreement (Chesapeake Utilities Corp)

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Extended Term. Upon the occurrence of a Change in Control (as defined in Paragraph 2(d)) hereof), the Current Initial Term shall end and the Term of this Agreement shall thereupon automatically be extended, commencing on the date of such Change in Control, for the shorter of four three (43) years or the period until Executive attains the earliest age, if any, at which his compulsory retirement is permitted under Section section 12(c) of the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 631(c), or any its successor provision thereto (such extended fourthree-year or shorter term constituting the "Extended Term").

Appears in 4 contracts

Samples: Executive Employment Agreement (Chesapeake Utilities Corp), Executive Employment Agreement (Chesapeake Utilities Corp), Executive Employment Agreement (Chesapeake Utilities Corp)

Extended Term. Upon the occurrence of a Change in Control (as defined in Paragraph 2(d)), the Current Term shall end and the Term of this Agreement shall thereupon automatically be extended, commencing on the date of such Change in Control, for the shorter of four (4) years or the period until Executive attains the earliest age, if any, at which his compulsory retirement is permitted under Section 12(c) of the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 631(c), or any successor provision thereto (such extended four-year or shorter term constituting the "Extended Term").

Appears in 3 contracts

Samples: Executive Employment Agreement (Chesapeake Utilities Corp), Executive Employment Agreement (Chesapeake Utilities Corp), Executive Employment Agreement (Chesapeake Utilities Corp)

Extended Term. Upon the occurrence of a Change in Control (as defined in Paragraph 2(d)) hereof), the Current Initial Term shall end and the Term of this Agreement shall thereupon automatically be extended, commencing on the date of such Change in Control, for the shorter of four three (43) years or the period until Executive attains the earliest age, if any, at which his compulsory retirement is permitted under Section section 12(c) of the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 631(c), or any its successor provision thereto (such extended fourthree-year or shorter term constituting the "Extended Term").

Appears in 2 contracts

Samples: Executive Employment Agreement (Chesapeake Utilities Corp), Executive Employment Agreement (Chesapeake Utilities Corp)

Extended Term. Upon the occurrence of a Change in Control (as defined in Paragraph 2(d)), the Current Term shall end and the Term of this Agreement shall thereupon automatically be extended, commencing on the date of such Change in Control, for the shorter of four three (43) years or the period until Executive attains the earliest age, if any, at which his her compulsory retirement is permitted under Section 12(c) of the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 631(c), or any successor provision thereto (such extended fourthree-year or shorter term constituting the "Extended Term").

Appears in 2 contracts

Samples: Executive Employment Agreement (Chesapeake Utilities Corp), Executive Employment Agreement (Chesapeake Utilities Corp)

Extended Term. Upon the occurrence of a Change in Control (as defined in Paragraph 2(d)) hereof), the Current Initial Term shall end and the Term of this Agreement shall thereupon automatically be extended, commencing on the date of such Change in Control, for the shorter of four five (45) years or the period until Executive attains the earliest age, if any, at which his compulsory retirement is permitted under Section section 12(c) of the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § section 631(c), or any its successor provision thereto (such extended fourfive-year or shorter term constituting the "Extended Term").

Appears in 1 contract

Samples: Employment Agreement (Chesapeake Utilities Corp)

Extended Term. Upon the occurrence of a Change in Control (as defined in Paragraph 2(d)), the Current Term shall end and the Term of this Agreement shall thereupon automatically be extended, commencing on the date of such Change in Control, for the shorter of four two (42) years or the period until Executive attains the earliest age, if any, at which his compulsory retirement is permitted under Section 12(c) of the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 631(c), or any successor provision thereto (such extended fourtwo-year or shorter term constituting the "Extended Term").

Appears in 1 contract

Samples: Executive Employment Agreement (Chesapeake Utilities Corp)

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Extended Term. Upon the occurrence of a Change in Control (as defined in Paragraph 2(d)), the Current Term shall end and the Term of this Agreement shall thereupon automatically be extended, commencing on the date of such Change in Control, for the shorter of four three (43) years or the period until Executive attains the earliest age, if any, at which his her compulsory retirement is permitted under Section 12(c) of the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 631(c), or any successor provision thereto (such extended fourthree-year or shorter term constituting the "Extended Term").

Appears in 1 contract

Samples: Executive Employment Agreement (Chesapeake Utilities Corp)

Extended Term. Upon the occurrence of a Change in Control (as defined in Paragraph 2(d)), the Current Term shall end and the Term of this Agreement shall thereupon automatically be extended, commencing on the date of such Change in Control, for the shorter of four three (43) years or the period until Executive attains the earliest age, if any, at which his compulsory retirement is permitted under Section 12(c) of the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 631(c), or any successor provision thereto (such extended fourthree-year or shorter term constituting the "Extended Term").

Appears in 1 contract

Samples: Executive Employment Agreement (Chesapeake Utilities Corp)

Extended Term. Upon the occurrence of a Change in Control (as defined in Paragraph 2(d)), the Current Term shall end and the Term of this Agreement shall thereupon automatically be extended, commencing on the date of such Change in Control, for the shorter of four three (43) years or the period until Executive attains the earliest age, if any, at which his him compulsory retirement is permitted under Section 12(c) of the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 631(c), or any successor provision thereto (such extended fourthree-year or shorter term constituting the "Extended Term").

Appears in 1 contract

Samples: Executive Employment Agreement (Chesapeake Utilities Corp)

Extended Term. Upon the occurrence of a Change in Control (as defined in Paragraph 2(d)) hereof), the Current Initial Term shall end and the Term of this Agreement shall thereupon automatically be extended, commencing on the date of such Change in Control, for the shorter of four five (45) years or the period until Executive attains the earliest age, if any, at which his compulsory retirement is permitted under Section section 12(c) of the Age Discrimination in Employment Act of 1967, as amended, 29 U.S.C. § 631(c), or any its successor provision thereto (such extended fourfive-year or shorter term constituting the "Extended Term").

Appears in 1 contract

Samples: Employment Agreement (Chesapeake Utilities Corp)

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