Extension of Employment. On the end-of-employment date and every two (2) years thereafter, Employee's employment with Employer automatically shall be extended for an additional two (2) years unless, at least ninety (90) days prior to the end-of-employment date, or successive two (2) year anniversary thereof, Employer or Employee delivers to the other a written notice that Employee's employment with Employer is not to be extended, in which event Employer shall pay Employee pursuant to Section 9.8.
Extension of Employment. 1. Absent at least ninety (90) days written Notice of Termination of Employment or Notice of Non-Renewal from Company to Executive prior to expiration of the then current Initial or Extended Term, as applicable, of this Agreement, employment hereunder shall continue for an Extended Term (or another Extended Term, as applicable) of one year, by which Executive and Company intend that all terms and conditions of this Agreement shall remain in full force and effect for another twelve (12) months, except that the base salary specified in Paragraph X.1.a may be increased as set forth in Paragraph X.1.b during the Extended Term.
Extension of Employment. Absent at least ninety (90) days written Notice of Termination from either party to the other party prior to expiration of the then Initial or Extended Term, as applicable, of this Agreement, employment hereunder shall continue for an Extended Term (or another Extended Term, as applicable) of two (2) years, by which Executive and Company intend that all terms and conditions of this Agreement shall remain in full force and effect for another twenty four (24) months, except that the highest base salary specified in Paragraph X.1.a shall be increased annually as set forth in Paragraph X.1.b for each year of the Extended Term. Company has the option, without terminating this Agreement or Executive's employment hereunder, of placing Executive on a leave of absence at the full compensation set forth in Paragraph F hereof for any or all of such ninety (90) day period in lieu of the aforementioned Notice of Termination.
Extension of Employment. The Term is hereby extended until May 3, 2002; provided, however, that the Employee shall be entitled to terminate the Employment Agreement at any time during the final two years of the Term by providing written notice to the Company at least six months prior to such termination date.
Extension of Employment. 1. Absent at least ninety (90) days written Notice of Termination of Employment or Notice of Non-Renewal from Company to Executive prior to expiration of the then current Initial or Extended Term, as applicable, of this Agreement, employment hereunder shall continue for an Extended Corp Exec w/ SERP INITIALS: EXECUTIVE /s/ EXECUTIVE COMPANY /s/ COMPANY ------------- ----------- Term (or another Extended Term, as applicable) of one year, by which Executive and Company intend that all terms and conditions of this Agreement shall remain in full force and effect for another twelve (12) months, except that the highest base salary specified in Paragraph X.1.a shall be increased annually as set forth in Paragraph X.1.b for each year of the Extended Term.
Extension of Employment. On the end-of-employment date and every year thereafter, Employee's employment with Employer may be extended upon terms mutually agreeable to the parties.
Extension of Employment. Provided that, in accordance with Section 1(b) above, the Executive has timely notified the Board of the Executive’s desire to extend the Term of Employment by one (1) year, the Board will consider in its sole and absolute discretion whether to offer the Executive such extension. If the Board decides in its sole and absolute discretion to offer the Executive an extension of his employment, the Board will so notify the Executive in writing (an “Extension Notice”) no fewer than sixty (60) days prior to the expiration of the Term of Employment. If the Board timely provides an Extension Notice and the Executive and the Company enter into such extension, the Term of Employment will be extended by one (1) year (such period of time, the “Extension”). If for any reason the Board does not timely provide to the Executive an Extension Notice, or if the Executive does not agree to enter into such extension if provided, such action or inaction shall be deemed to result in the Executive’s termination under Section 6(g) of this Agreement as of the last day of the Term of Employment, unless the Company determines otherwise in its sole and absolute discretion.
Extension of Employment. 1 If the employee continues to work with the apparent approval of the employer after the expiry of the term for which the employment contract was concluded , the employment contract shall be deemed to have been concluded again for the same period, although never for more than one year, and under the same conditions. 2 If the application of the first paragraph causes the maximum term of a temporary appointment or the maximum number of consecutive employment contracts for a specified period as prescribed in this chapter to be exceeded, the most recent employment contract shall be deemed to have been concluded for an indefinite period.
Extension of Employment. On November 30, 2014 and on each December 1 occurring in 2015 or thereafter, employee’s employment with employer automatically shall be extended for an additional year (each such additional year, an “Extension Term”) unless, at least sixty (60) days prior to the then-current end-of-employment date, employer or employee delivers to the other a written notice that employee’s employment with employer is not to be extended. In the absence of an agreement, employee’s annual base compensation shall be determined by the Committee, but shall be not less than the employee’s previous year’s annual base compensation.
Extension of Employment. On the end-of-employment date and every two (2) years thereafter, Employee's employment with Employer automatically
