Common use of Term of Agreement and Employment Period Clause in Contracts

Term of Agreement and Employment Period. This Agreement shall be effective as of the Closing and shall continue in effect until December 31, 2010, provided that effective as of December 31, 2009 and as of the last day of each subsequent calendar year (each such date is referred to hereinafter as a “Year-End Date”), the term of this Agreement shall be automatically extended for an additional one (1) year period unless, at least twelve (12) months before any Year-End Date, SunGard gives written notice to Executive of intent not to renew, in which case (i) this Agreement shall terminate on the first Year-End Date that occurs at least twelve (12) months after the notice of non-renewal is provided or on such later date when SunGard’s obligations to provide severance and benefits hereunder and Executive’s obligations to comply with the restrictive covenants hereunder shall have been fully satisfied, and (ii) the Employment Period (as defined below) shall terminate on the first Year-End Date that occurs at least twelve (12) months after the notice of non-renewal is provided unless earlier terminated pursuant to Section 2 below. The period during which this Agreement is in effect is hereinafter referred to as the “Term” and the portion of the Term during which Executive is employed by SunGard hereunder is hereinafter referred to as the “Employment Period.” This Agreement shall not become effective until the Closing. Notwithstanding anything in this Agreement to the contrary, this Agreement shall be null, void and without effect upon termination of the Merger Agreement pursuant to Section 8.01 thereof.

Term of Agreement and Employment Period. This Agreement shall be effective as of the Closing and shall continue in effect until December 31, 2010, provided that effective as of December 31, 2009 and as of the last day of each subsequent calendar year (each such date is referred to hereinafter as a “Year-End Date”), the term of this Agreement shall be automatically extended for an additional one (1) year period unless, at least twelve (12) months before any Year-End Date, SunGard Employer gives written notice to Executive of intent not to renew, in which case (i) this Agreement shall terminate on the first Year-End Date that occurs at least twelve (12) months after the notice of non-renewal is provided or on such later date when SunGardEmployer’s obligations to provide severance and benefits hereunder and Executive’s obligations to comply with the restrictive covenants hereunder shall have been fully satisfied, and (ii) the Employment Period (as defined below) shall terminate on the first Year-End Date that occurs at least twelve (12) months after the notice of non-renewal is provided unless earlier terminated pursuant to Section 2 below. The period during which this Agreement is in effect is hereinafter referred to as the “Term” and the portion of the Term during which Executive is employed by SunGard Employer hereunder is hereinafter referred to as the “Employment Period.” This Agreement shall not become effective until the Closing. Notwithstanding anything in this Agreement to the contrary, this Agreement shall be null, void and without effect upon termination of the Merger Agreement pursuant to Section 8.01 thereof.