Common use of Term and Nature of Employment Clause in Contracts

Term and Nature of Employment. 3.1 Executive's employment hereunder shall be for an initial term commencing on the date hereof and ending on January 5, 2016 (the first anniversary of the date hereof). Neither the Company nor Executive shall be obligated to extend the term of Executive's employment. In connection with the Company’s determination described in Sections 3.1 and 3.2 of this Agreement to extend or not extend the term of Executive’s employment, the Company shall extend such term, absent (a) Cause, or (b) the Board’s determination, in good faith and subject to the procedures described in the last paragraph of Section 6.2 of this Agreement, that Executive’s performance of his duties has been unsatisfactory, and the Company having given Executive at least 60 days’ written notice of such determination and opportunity to cure same.

Term and Nature of Employment. 3.1 Executive's ’s employment hereunder shall be for an initial term commencing on the date hereof and ending on January 5, 2016 April 1,2015 (the first anniversary of the date hereof). Neither the Company nor Executive shall be obligated to extend the term of Executive's ’s employment. In connection with the Company’s determination described in Sections 3.1 and 3.2 of this Agreement to extend or not extend the term of Executive’s employment, the Company shall extend such term, absent (a) Cause, or (b) the Board’s determination, in good faith and subject to the procedures described in the last paragraph of Section 6.2 of this Agreement, that Executive’s performance of his duties has been unsatisfactory, and the Company having given Executive at least 60 days’ written notice of such determination and opportunity to cure same.

Term and Nature of Employment. 3.1 Executive's ’s employment hereunder shall be for an initial term commencing on the date hereof and ending on January 5February 21, 2016 2017 (the first anniversary of the date hereof). Neither the Company nor Executive shall be obligated to extend the term of Executive's ’s employment. In connection with the Company’s determination described in Sections 3.1 and 3.2 of this Agreement to extend or not extend the term of Executive’s employment, the Company shall extend such term, absent (a) Cause, or (b) the Board’s determination, in good faith and subject to the procedures described in the last paragraph of Section 6.2 of this Agreement, that Executive’s performance of his duties has been unsatisfactory, and the Company having given Executive at least 60 days’ written notice of such determination and opportunity to cure same.

Term and Nature of Employment. 3.1 Executive's employment hereunder shall be for an initial term commencing on the date hereof and ending on January 5April 3, 2016 2015 (the first anniversary of the date hereof). Neither the Company nor Executive shall be obligated to extend the term of Executive's employment. In connection with the Company’s 's determination described in Sections 3.1 and 3.2 of this Agreement to extend or not extend the term of Executive’s 's employment, the Company shall extend such term, absent (a) Cause, or (b) the Board’s 's determination, in good faith and subject to the procedures described in the last paragraph of Section 6.2 of this Agreement, that Executive’s 's performance of his duties has been unsatisfactory, and the Company having given Executive at least 60 days’ ' written notice of such determination and opportunity to cure same.

Term and Nature of Employment. 3.1 Executive's ’s employment hereunder shall be for an initial term commencing on the date hereof and ending on January 5April 1, 2016 2015 (the first anniversary of the date hereof). Neither the Company nor Executive shall be obligated to extend the term of Executive's ’s employment. In connection with the Company’s determination described in Sections 3.1 and 3.2 of this Agreement to extend or not extend the term of Executive’s employment, the Company shall extend such term, absent (a) Cause, or (b) the Board’s determination, in good faith and subject to the procedures described in the last paragraph of Section 6.2 of this Agreement, that Executive’s performance of his duties has been unsatisfactory, and the Company having given Executive at least 60 days’ written notice of such determination and opportunity to cure same.