Common use of Length of Employment Clause in Contracts

Length of Employment. Company agrees to employ Executive for a rolling term of two (2) years commencing on the Effective Date of the Merger. On each anniversary date of the Effective Date of the Merger, the term of this Agreement shall automatically renew and extend for an additional one (1) year period unless either party shall have provided notice of its intent not to renew within sixty (60) days prior to such anniversary date. Upon the date of any Change in Control (as defined in Paragraph 8) should occur, the term of this Agreement shall automatically renew and be extended for two (2) years from such date.

Appears in 2 contracts

Samples: Employment Agreement (Community Banks Inc /Pa/), Employment Agreement (Community Banks Inc /Pa/)

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Length of Employment. Company agrees to employ Executive for a -------------------- rolling term of two (2) years commencing on the Effective Date of the Merger. On each anniversary date of the Effective Date of the Merger, the term of this Agreement shall automatically renew and extend for an additional one (1) year period unless either party shall have provided notice of its intent not to renew within sixty (60) days prior to such anniversary date. Upon the date of any Change in Control (as defined in Paragraph 8) should occur, the term of this Agreement shall automatically renew and be extended for two (2) years from such date.

Appears in 2 contracts

Samples: Employment Agreement (Community Banks Inc /Pa/), Employment Agreement (Community Banks Inc /Pa/)

Length of Employment. Company agrees to employ Executive for a rolling term of two (2) years commencing on as of December 31, 2001 (the "Effective Date of the MergerDate"). On each anniversary date of the Effective Date of the MergerDate, the term of this Agreement shall automatically renew and extend for an additional one (1) year period unless either party shall have provided notice of its intent not to renew within sixty (60) days prior to such anniversary date. Upon the date occurrence of any Change in Control (as defined in Paragraph 8) should occur8), the term of this Agreement shall automatically renew and be extended for two (2) years from such datethe date thereof.

Appears in 1 contract

Samples: Employment Contract (Community Banks Inc /Pa/)

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Length of Employment. Company agrees to employ Executive for a rolling term of two (2) years commencing on the Effective Date as of the Mergerdate of this Agreement (the "Effective Date"). On each anniversary date of the Effective Date of the MergerDate, the term of this Agreement shall automatically renew and extend for an additional one (1) year period unless either party shall have provided notice of its intent not to renew within sixty (60) days prior to such anniversary date. Upon the date of any Change in Control (as defined in Paragraph 8) should occur, the term of this Agreement shall automatically renew and be extended for two (2) years from such date.

Appears in 1 contract

Samples: Employment Agreement (Community Banks Inc /Pa/)

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