Common use of Term; Effectiveness Clause in Contracts

Term; Effectiveness. (a) The term of Executive’s employment under this Agreement shall commence as of October 1, 2011 (the “Effective Date”) and shall continue until the first anniversary of the Effective Date (such period, the “Initial Term”); provided, however, that such service period hereunder shall renew for an additional period of one (1) year on the first anniversary of the Effective Date and each anniversary thereafter (each anniversary of the Effective Date, an “Expiration Date,” and each one (1) year period following an Expiration Date, a “Renewal Term”), unless either the Company or Executive has provided to the other a notice of termination of this Agreement at least ninety (90) days in advance of the first anniversary of the Effective Date or such applicable Expiration Date, stating that the Company or Executive, as applicable, does not intend to renew this Agreement; provided, that Executive’s employment under this Agreement and this Agreement may be terminated at any earlier time solely pursuant to the provisions of Section 5 hereof. The period of time from the Effective Date through the earlier of the expiration or termination of this Agreement is herein referred to as the “Term.”

Appears in 2 contracts

Samples: Employment Agreement (Harbinger Group Inc.), Employment Agreement (Harbinger Group Inc.)

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Term; Effectiveness. (a) The term of Executive’s 's employment under this Agreement shall commence as of October 1June 17, 2011 2013 (the “Effective Date”) and shall continue until October 1, 2014 (the first anniversary of the Effective Date “Expiration Date”) (such period, the “Initial Term”); provided, however, that such service period hereunder shall renew for an additional period of one (1) year on the first anniversary of the Effective Expiration Date and each anniversary of the Expiration Date thereafter (each anniversary of the Effective Date, an “Expiration Date,” and each one (1) year period following an Expiration Dateeach, a “Renewal Term”), unless either the Company or Executive has provided to the other a notice of termination of this Agreement at least ninety (90) days in advance of the first anniversary of the Effective Expiration Date or such applicable anniversary of the Expiration Date, stating that the Company or Executive, as applicable, does not intend to renew this Agreement; provided, that Executive’s 's employment under this Agreement and this Agreement may be terminated at any earlier time solely pursuant to the provisions of Section 5 hereof. The period of time from the Effective Date through the earlier of the expiration or termination of this Agreement is herein referred to as the “Term.”

Appears in 1 contract

Samples: Employment Agreement (Harbinger Group Inc.)

Term; Effectiveness. (a) The term of Executive’s employment under this Agreement shall commence commenced as of March 5, 2012. The initial term (the “Initial Term”) ran through October 1, 2011 2013 (the “Effective Date”) and employment shall continue until the first anniversary of the Effective Date (such period, the “Initial Term”)Date; provided, however, that such service period hereunder shall renew for an additional period of one (1) year on the first anniversary of the Effective Date and each anniversary thereafter (each anniversary of the Effective Date, an “Expiration Date,” and each one (1) year period following an Expiration Date, a “Renewal Term”), unless either the Company or Executive has provided to the other a notice of termination of this Agreement at least ninety (90) days in advance of the first anniversary of the Effective Date or such applicable Expiration Date, stating that the Company or Executive, as applicable, does not intend to renew this Agreement; provided, that Executive’s employment under this Agreement and this Agreement may be terminated at any earlier time solely pursuant to the provisions of Section 5 hereof. The period of time from the Effective Date through the earlier of the expiration or termination of this Agreement is herein referred to as the “Term.”

Appears in 1 contract

Samples: Employment Agreement (Harbinger Group Inc.)

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Term; Effectiveness. (a) The term of Executive’s employment under this Agreement shall commence as of October 1March 5, 2011 2012 (the “Effective Date”) and shall continue until the first anniversary of the Effective Date (such period, the “Initial TermRenewal Date”); provided, however, that such service period hereunder shall renew for an additional period until October 1, 2013 (the “Expiration Date”) and on each anniversary of the Expiration Date thereafter for an additional period of one (1) year on the first anniversary of the Effective Expiration Date and each anniversary thereafter (each anniversary of the Effective Date, an “Expiration Date,” and each one (1) year period following an Expiration Date, a “Renewal Term”)Date thereafter, unless either the Company or Executive has provided to the other a notice of termination of this Agreement agreement at least ninety (90) days in advance of the first anniversary of Renewal Date, the Effective Expiration Date or such applicable anniversary of the Expiration Date, stating that the Company or Executive, as applicable, does not intend to renew this Agreement; provided, that Executive’s employment under this Agreement and this Agreement may be terminated at any earlier time solely pursuant to the provisions of Section 5 hereof. The period of time from the Effective Date through the earlier of the expiration or termination of this Agreement Executive’s employment hereunder is herein referred to as the “Term.”

Appears in 1 contract

Samples: Employment Agreement (Harbinger Group Inc.)

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