Term of Employment Sample Clauses


Term of Employment. Except as otherwise provided below, the Company shall employ Executive for the period commencing on the Commencement Date and ending on the third anniversary of the Commencement Date. At the expiration of the original term or any extended term (each a Renewal Date), Executives employment hereunder shall be extended automatically, upon the same terms and conditions, for successive one-year periods, unless either party shall give written notice to the other of its intention not to renew such employment at least fifteen months prior to such Renewal Date. Without limiting the generality of the foregoing, upon the occurrence of a Change of Control (as defined below), the term of this Agreement shall be extended automatically without any action by either party until the second anniversary of such Change of Control. Notwithstanding the foregoing, if not previously terminated pursuant to Sections 1(b), 5(a) or 6(a), the term of this Agreement shall terminate on the last day of the month in which Executive attains age 65, and such a termination upon Executive reaching age 65 shall be deemed to be a Termination Due to Retirement for purposes of this Agreement. The period during which Executive is employed pursuant to this Agreement, including any extension thereof in accordance with this Section 1(b), shall be referred to as the Employment Period.


Term of Employment. The term of Executives employment under this Agreement (the Employment Term) will commence on the date of this Agreement and, unless earlier terminated in accordance with Section 10 below, will continue for two years, ending on the second anniversary of the date of this Agreement (the Initial Term). At the end of the Initial Term, the Employment Term will automatically be extended for successive one-year periods (each an Extended Term) unless either party elects not to renew this Agreement by giving written notice of such election at least sixty days prior to the scheduled expiration of the Initial Term or then-current Extended Term, as applicable.

Term of Employment. The Term of employment hereunder will commence on the Effective Date and terminate five (5) years from the Effective Date (the "Term"), unless terminated earlier pursuant to Section 5 of this Agreement. The Term shall automatically renew ("Renewal Term") for successive one year terms, unless written notification of non-renewal is provided by either party no less than 30 days prior to the expiration of the Term or the then current Renewal Term.

Term of Employment. The Company hereby agrees to employ the Employee, and the Employee hereby accepts employment with the Company, upon the terms set forth in this Agreement, for the period commencing on March 25, 2004 (the Commencement Date) and ending on March 25, 2005. The Employment Period shall be automatically extended for additional periods of one year unless either party, within the 60 day period prior to the expiration of the initial term or any extension term, provides written notice to the other party that such extension shall not occur (the Non-Renewal Notice) (such period, as it may be extended, the Employment Period), unless sooner terminated in accordance with the provisions of Section 4.

Term of Employment. The Employee's employment under this Agreement shall commence as of the Effective Date and, subject to earlier termination pursuant to Section 5 of this Agreement below, shall continue until June 30, 2011 (the "Employment Term"); provided however, that the Employment Term shall be automatically extended for an additional year unless written notice of non-extension is provided by either party to the other party at least 90 days prior to the expiration of the Employment Term.

Term of Employment. Executives employment with the Company is at the mutual consent of Executive and the Company. Nothing in this Agreement is intended to guarantee Executives continuing employment with the Company or employment for any specific length of time. Accordingly, either Executive or the Company may terminate the employment relationship at any time, with or without advance notice and with or without Cause (as defined below). Upon termination of Executives employment for any reason, in addition to any other payments that may be payable to Executive hereunder, Executive (or Executives beneficiaries or estate) will be paid (in each case to the extent not theretofore paid) within thirty (30) days following Executives date of termination (or such shorter period that may be required by applicable law): (a) Executives annual Base Salary through the date of termination, (b) any compensation previously deferred by Executive (together with any interest and earnings therein), (c) accrued but unused PTO, (d) reimbursable expenses incurred by Executive prior to the termination date and (e) amounts under any other compensatory plan, arrangement or program payment to which Executive may be entitled. This Agreement constitutes a final and fully binding integrated agreement with respect to the at-will nature of the employment relationship.

Term of Employment. Subject to the provisions for earlier termination provided in the Agreement, the term of this Agreement (the "Term") shall commence on the effective date of this Agreement as stated above and shall terminate on December 31, 2006; provided, however, commencing on January 1, 2006 and on each January 1 thereafter, the term of this Agreement shall automatically be extended one additional year unless, not later than September 30 of the preceding year, the Board of Directors of the Company (the "Board") shall give written notice to Employee that the Term of the Agreement shall cease to be so extended; provided, further, that if a Change in Control, as defined in Section 8, shall have occurred during the original or extended Term of this Agreement, the Term shall continue in effect for a period of not less than 36 months beyond the date of such Change in Control. In no event, however, shall the Term of this Agreement extend beyond the end of the calendar month in which Employee's 65th birthday occurs. Notwithstanding any provision of this Agreement to the contrary, termination of this Agreement shall not alter or impair any rights or benefits of Employee (or Employee's estate or beneficiaries) that have arisen under this Agreement on or prior to such termination, including, without limitation, the provisions of Sections 9(c), 15 and 18.


Term of Employment. The term of the Executives employment hereunder (the Term) shall commence on the date hereof and continue until the third (3rd) anniversary of the date hereof; provided, however, that effective upon the expiration of the then current Term (the Extension Date), the Term shall be automatically extended upon the same terms and conditions for an additional period of eighteen months from the scheduled expiration of the Term (prior to giving effect to such eighteen (18) month extension) unless either party hereto shall have notified the other in writing at least three (3) months prior to the Extension Date that such party does not desire to have the Term so extended.

Term of Employment. This Agreement shall commence on the Effective Date and continue until terminated as provided in Section 5 or Section 6 (such period, the Term). Employee understands, acknowledges and agrees that this Agreement does not create an obligation for the Employer or any other person to continue Employees employment and, subject to Employees right to receive compensation and benefits as provided in Section 7, Employee will be an at-will employee and either the Employer or the Employee may terminate Employees employment at any time, with or without Just Cause (as defined herein) subject to any notice provisions set forth in this Agreement.

Term of Employment. Executives term of employment under this Agreement shall commence on the Effective Date and, subject to the terms hereof, shall terminate on the earlier of (i) September 29, 2008 (the Termination Date) or (ii) the termination of Executives employment pursuant to this Agreement (the period from the Effective Date until the termination of Executives employment under this Agreement shall be the Term). This Agreement shall be renewed automatically for succeeding terms of one (1) year following the Termination Date (in which case both the Termination Date and the Term shall be extended one year on each renewal), unless either party gives written notice to the other at least 120 days prior to the applicable Termination Date of its intention not to renew or Executives employment is terminated prior to the Termination Date pursuant to Section 6.