Common use of Term; Dates Clause in Contracts

Term; Dates. The term of the Executive’s employment under this Agreement shall commence on the Effective Date and shall continue until the third anniversary of the Effective Date, unless earlier terminated in accordance with this Agreement, provided that the term will automatically renew for successive one (1) year periods unless one Party gives the other Party written notice of its intent not to renew at least sixty (60) days prior to any then-existing expiration date (the “Term”). The termination of the Executive’s employment at the conclusion of the Term due to the Employer’s non-renewal shall be treated as a termination without Cause for purposes of this Agreement; the termination of the Executive’s employment at the conclusion of the Term due to the Executive’s non-renewal shall be treated as a resignation without Good Reason for purposes of this Agreement.