Common use of Normal Termination Clause in Contracts

Normal Termination. This Agreement shall automatically renew on the expiration of the initial Employment Term described in Section 2.1(a) without any notice from either party, unless either party gives notice of termination pursuant to Section 2.1(b). Unless this Agreement is terminated pursuant to Section 4.3, the Company's obligation to pay compensation and benefits pursuant to SECTION THREE shall continue during the Employment Term.

Appears in 3 contracts

Samples: Employment Agreement (Simula Inc), Employment Agreement (Simula Inc), Employment Agreement (Simula Inc)

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Normal Termination. This Employment Agreement shall automatically renew terminate on the expiration of the initial Employment Initial Term described in Section 2.1(a) without any notice from either partyparty hereto, unless the parties mutually agree in writing in advance to extend or renew this Agreement for an additional Renewal Term. If the parties agree to extend or renew this Agreement, this Agreement, as extended or renewed, shall automatically terminate as of the last day of each Renewal Term, without any notice from either party gives notice of termination pursuant hereto, unless the parties mutually agree in writing in advance to Section 2.1(b). Unless extend this Agreement is terminated pursuant to Section 4.3, the Company's obligation to pay compensation and benefits pursuant to SECTION THREE shall continue during the Employment Termfor an additional Renewal Term as provided herein.

Appears in 2 contracts

Samples: Employment Agreement (DR Christophers Original Formulas Inc), Employment Agreement (DR Christophers Original Formulas Inc)

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