Common use of Term and Nature of Employment Clause in Contracts

Term and Nature of Employment. 3.01 Executive’s employment on the basis described in this Agreement shall commence April 3, 2014, and will terminate on the one-year anniversary of that date unless terminated earlier as described in this Agreement. Neither the Company nor Executive shall be obligated to extend the term of this Agreement. However, the initial one-year term shall automatically be extended for successive one-year periods unless the Company or Executive elects not to do so by giving written notice to the other not less than 90 days prior to the end of the then-current term.

Term and Nature of Employment. 3.01 Executive’s 's employment on the basis described in this Agreement shall commence April 3September 18, 20142015, and will terminate on shall continue, unless sooner terminated because of death, disability, or with or without cause (as provided in Article 6), until the onetwo-year anniversary of that date unless terminated earlier as described in this Agreementdate. Neither the Company nor Executive shall be obligated to extend the term of this Agreement. HoweverNevertheless, the initial onetwo-year term shall automatically be extended for successive one-year periods unless the Company or Executive elects not to do so by giving written notice to the other not less than 90 days prior to the end of the then-current term.

Term and Nature of Employment. 3.01 Executive’s employment on the basis described in this Agreement shall commence April 3, 2014, on the Effective Date and will terminate on the one-year anniversary of that date the Effective Date unless terminated earlier as described in this Agreement. Neither the Company nor Executive shall be obligated to extend the term of this Agreement. However, the initial one-year term shall automatically be extended for successive one-year periods unless the Company or Executive elects not to do so by giving written notice to the other not less than 90 days prior to the end of the then-current term.