Common use of Period of Employment Clause in Contracts

Period of Employment. The “Period of Employment” shall be a period commencing on July 17, 2023 (the “Effective Date”) and ending at the close of business on the first December 31st following the third anniversary of the Effective Date (the “Termination Date”); provided, however, that this Agreement shall be automatically renewed, and the Period of Employment shall be automatically extended for one (1) additional year on the Termination Date and each anniversary of the Termination Date thereafter, unless either party gives written notice at least sixty (60) days prior to the expiration of the Period of Employment (including any renewal thereof) of such party’s desire to terminate the Period of Employment (such notice to be delivered in accordance with Section 18). The term “Period of Employment” shall include any extension thereof pursuant to the preceding sentence. Notwithstanding the foregoing, the Period of Employment is subject to earlier termination as provided below in this Agreement.

Appears in 8 contracts

Samples: Employment Agreement (Norwegian Cruise Line Holdings Ltd.), Employment Agreement (NCL CORP Ltd.), Employment Agreement (Norwegian Cruise Line Holdings Ltd.)

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Period of Employment. The “Period of Employment” shall be a period commencing on July 17September 1, 2023 2015 (the “Effective Date”) and ending at the close of business on the first December 31st following the third anniversary of the Effective Date (the “Termination Date”); provided, however, that this Agreement shall be automatically renewed, and the Period of Employment shall be automatically extended for one (1) additional year on the Termination Date and each anniversary of the Termination Date thereafter, unless either party gives written notice at least sixty (60) days prior to the expiration of the Period of Employment (including any renewal thereof) of such party’s desire to terminate the Period of Employment (such notice to be delivered in accordance with Section 18). The term “Period of Employment” shall include any extension thereof pursuant to the preceding sentence. Notwithstanding the foregoing, the Period of Employment is subject to earlier termination as provided below in this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Norwegian Cruise Line Holdings Ltd.), Employment Agreement (Norwegian Cruise Line Holdings Ltd.), Employment Agreement (Norwegian Cruise Line Holdings Ltd.)

Period of Employment. The “Period of Employment” shall be a period commencing on July 17April 1, 2023 (the “Effective Date”) and ending at the close of business on the first December 31st following the third anniversary of the Effective Date 31, 2025 (the “Termination Date”); provided, however, that this Agreement shall be automatically renewed, and the Period of Employment shall be automatically extended for one (1) additional year on the Termination Date and each anniversary of the Termination Date thereafter, unless either party gives written notice at least sixty (60) days prior to the expiration of the Period of Employment (including any renewal thereof) of such party’s desire to terminate the Period of Employment (such notice to be delivered in accordance with Section 18). The term “Period of Employment” shall include any extension thereof pursuant to the preceding sentence. Notwithstanding the foregoing, the Period of Employment is subject to earlier termination as provided below in this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (NCL CORP Ltd.), Employment Agreement (Norwegian Cruise Line Holdings Ltd.)

Period of Employment. The “Period of Employment” shall be a period of two years commencing on July 17, 2023 (the Effective Date”) Date and ending at the close of business on the first December 31st following the third second anniversary of the Effective Date (the “Termination Date”); provided, however, that this Agreement shall be automatically renewed, and the Period of Employment shall be automatically extended for one (1) additional year on the Termination Date and each anniversary of the Termination Date thereafter, unless either party gives written notice at least sixty (60) days prior to the expiration of the Period of Employment (including any renewal thereof) of such party’s desire to terminate the Period of Employment (such notice to be delivered in accordance with Section 18). The term “Period of Employment” shall include any extension thereof pursuant to the preceding sentence. Notwithstanding the foregoing, the Period of Employment is subject to earlier termination as provided below in this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (TILT Holdings Inc.), Employment Agreement (TILT Holdings Inc.)

Period of Employment. The “Period of Employment” shall be a period commencing on July 17June 12, 2023 (the “Effective Date”) and ending at the close of business on the first December 31st following the third second anniversary of the Effective Date (the “Termination Date”); provided, however, that this Agreement shall be automatically renewed, and the Period of Employment shall be automatically extended for one (1) additional year on the Termination Date and each anniversary of the Termination Date thereafter, unless either party gives written notice at least sixty (60) days prior to the expiration of the Period of Employment (including any renewal thereof) of such party’s desire to terminate the Period of Employment (such notice to be delivered in accordance with Section 18). The term “Period of Employment” shall include any extension thereof pursuant to the preceding sentence. Notwithstanding the foregoing, the Period of Employment is subject to earlier termination as provided below in this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (NCL CORP Ltd.), Employment Agreement (Norwegian Cruise Line Holdings Ltd.)

Period of Employment. The “Period of Employment” shall be a period commencing on July 171, 2023 (the “Effective Date”) and ending at the close of business on the first December 31st following the third anniversary of the Effective Date 31, 2025 (the “Termination Date”); provided, however, that this Agreement shall be automatically renewed, and the Period of Employment shall be automatically extended for one (1) additional year on the Termination Date and each anniversary of the Termination Date thereafter, unless either party gives written notice at least sixty (60) days prior to the expiration of the Period of Employment (including any renewal thereof) of such party’s desire to terminate the Period of Employment (such notice to be delivered in accordance with Section 18). The term “Period of Employment” shall include any extension thereof pursuant to the preceding sentence. Notwithstanding the foregoing, the Period of Employment is subject to earlier termination as provided below in this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Norwegian Cruise Line Holdings Ltd.), Employment Agreement (NCL CORP Ltd.)

Period of Employment. The “Period of Employment” shall be a period commencing on July 17January 1, 2023 2022 (the “Effective Date”) and ending at the close of business on the first December 31st following the third anniversary of the Effective Date 31, 2022 (the “Termination Date”); provided, however, that this Agreement shall be automatically renewed, and the Period of Employment shall be automatically extended for one (1) additional year on the Termination Date and each anniversary of the Termination Date thereafter, unless either party gives written notice at least sixty (60) days prior to the expiration of the Period of Employment (including any renewal thereof) of such party’s desire to terminate the Period of Employment (such notice to be delivered in accordance with Section 18). The term “Period of Employment” shall include any extension thereof pursuant to the preceding sentence. Notwithstanding the foregoing, the Period of Employment is subject to earlier termination as provided below in this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Norwegian Cruise Line Holdings Ltd.), Employment Agreement (NCL CORP Ltd.)

Period of Employment. The “Period of Employment” shall be a period commencing on July 17September 16, 2023 2016 (the “Effective Date”) and ending at the close of business on the first December 31st following the third second anniversary of the Effective Date (the “Termination Date”); provided, however, that this Agreement shall be automatically renewed, and the Period of Employment shall be automatically extended for one (1) additional year on the Termination Date and each anniversary of the Termination Date thereafter, unless either party gives written notice at least sixty (60) days prior to the expiration of the Period of Employment (including any renewal thereof) of such party’s desire to terminate the Period of Employment (such notice to be delivered in accordance with Section 18). The term “Period of Employment” shall include any extension thereof pursuant to the preceding sentence. Notwithstanding the foregoing, the Period of Employment is subject to earlier termination as provided below in this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Norwegian Cruise Line Holdings Ltd.), Employment Agreement (Norwegian Cruise Line Holdings Ltd.)

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Period of Employment. The “Period of Employment” shall be a period commencing on July 17September 16, 2023 2016 (the “Effective Date”) and ending at the close of business on the first December 31st following the third anniversary of the Effective Date (the “Termination Date”); provided, however, that this Agreement shall be automatically renewed, and the Period of Employment shall be automatically extended for one (1) additional year on the Termination Date and each anniversary of the Termination Date thereafter, unless either party gives written notice at least sixty (60) days prior to the expiration of the Period of Employment (including any renewal thereof) of such party’s desire to terminate the Period of Employment (such notice to be delivered in accordance with Section 18). The term “Period of Employment” shall include any extension thereof pursuant to the preceding sentence. Notwithstanding the foregoing, the Period of Employment is subject to earlier termination as provided below in this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Norwegian Cruise Line Holdings Ltd.)

Period of Employment. The “Period of Employment” shall be a period commencing on July 17August 31, 2023 2018 (the “Effective Date”) and ending at the close of business on the first December 31st following the third anniversary of the Effective Date (the “Termination Date”); provided, however, that this Agreement shall be automatically renewed, and the Period of Employment shall be automatically extended for one (1) additional year on the Termination Date and each anniversary of the Termination Date thereafter, unless either party gives written notice at least sixty (60) days prior to the expiration of the Period of Employment (including any renewal thereof) of such party’s desire to terminate the Period of Employment (such notice to be delivered in accordance with Section 18). The term “Period of Employment” shall include any extension thereof pursuant to the preceding sentence. Notwithstanding the foregoing, the Period of Employment is subject to earlier termination as provided below in this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Norwegian Cruise Line Holdings Ltd.)

Period of Employment. The “Period of Employment” shall be a period commencing on July 17October 1, 2023 2015 (the “Effective Date”) and ending at the close of business on the first December 31st following the third anniversary of the Effective Date (the “Termination Date”); provided, however, that this Agreement shall be automatically renewed, and the Period of Employment shall be automatically extended for one (1) additional year on the Termination Date and each anniversary of the Termination Date thereafter, unless either party gives written notice at least sixty (60) days prior to the expiration of the Period of Employment (including any renewal thereof) of such party’s desire to terminate the Period of Employment (such notice to be delivered in accordance with Section 18). The term “Period of Employment” shall include any extension thereof pursuant to the preceding sentence. Notwithstanding the foregoing, the Period of Employment is subject to earlier termination as provided below in this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Norwegian Cruise Line Holdings Ltd.)

Period of Employment. The “Period of Employment” shall be a period commencing on July 17January 1, 2023 2019 (the “Effective Date”) and ending at the close of business on the first December 31st following the third second anniversary of the Effective Date (the “Termination Date”); provided, however, that this Agreement shall be automatically renewed, and the Period of Employment shall be automatically extended for one (1) additional year on the Termination Date and each anniversary of the Termination Date thereafter, unless either party gives written notice at least sixty (60) days prior to the expiration of the Period of Employment (including any renewal thereof) of such party’s desire to terminate the Period of Employment (such notice to be delivered in accordance with Section 18). The term “Period of Employment” shall include any extension thereof pursuant to the preceding sentence. Notwithstanding the foregoing, the Period of Employment is subject to earlier termination as provided below in this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Norwegian Cruise Line Holdings Ltd.)

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