Common use of Term Extension Clause in Contracts

Term Extension. The term of this Employment Agreement (the "Term of this Employment Agreement") will commence as of January 1, 1998, and shall continue through December 31, 2000. On the first and each successive anniversary of the effective date of this Employment Agreement, the Term of this Employment Agreement shall be extended for an additional one (1) year period, unless either party gives notice no later than such anniversary date of such party's intent not to extend the Term of this Employment Agreement. Termination of the Executive's employment pursuant to this Employment Agreement shall be governed by Sections 4 and 5.

Term Extension. The term of this Employment Agreement (the "Term of this Employment Agreement") will commence as of January July 1, 19981995, and shall continue through December 31, 20001997. On the first and each successive anniversary of the effective date of this Employment Agreement, the Term of this Employment Agreement shall be extended for an additional one (1) year period, unless either party gives notice no later than such anniversary date of such party's intent not to extend the Term of this Employment Agreement. Termination of the Executive's employment pursuant to this Employment Agreement shall be governed by Sections 4 and 5.