Extension and Termination. 3.1 If either Employee or Company elects to terminate this Agreement at the end of the term stated in paragraph 2, or at the end of any extended term hereof as hereinafter provided, notice of the election to terminate shall be given to the other party no later than three (3) months before the end of this Agreement. If no notice is given by either party, the term, or extended term, of this Agreement shall be deemed to have been extended for an additional three (3) months.
Appears in 4 contracts
Samples: Employment Agreement (Mariner Energy Inc), Employment Agreement (Mariner Energy Inc), Employment Agreement (Mariner Energy Inc)
Extension and Termination. 3.1 If either Employee or Company elects to terminate this Agreement at the end of the term stated in paragraph 2, or at the end of any extended term hereof as hereinafter provided, notice of the election to terminate shall be given to the other party no later than three six (36) months before the end of this Agreement. If no notice is given by either party, the term, or extended term, of this Agreement shall be deemed to have been extended for an additional three (3) months.
Appears in 2 contracts
Samples: Employment Agreement (Mariner Energy Inc), Employment Agreement (Mariner Energy Inc)
Extension and Termination. 3.1 If either Employee or Company elects to terminate this Agreement at the end of the term stated in paragraph 2, or at the end of any extended term hereof as hereinafter provided, notice of the election to terminate shall be given to the other party no later than three six (36) months before the end of this Agreement. If no notice is given by either party, the term, or extended term, of this Agreement shall be deemed to have been extended for an additional three six (36) months.
Appears in 1 contract
