Common use of Term of the Employment Clause in Contracts

Term of the Employment. The employment of Employee by the Company will continue pursuant to the terms of this Agreement effective as of July 1, 2013 and end on the 30th day of June, 2018 (the “Initial Term”), unless sooner terminated pursuant to the terms hereof or extended at the sole discretion of the Company’s Board of Directors. The Initial Term and any subsequent terms will automatically renew for additional one year periods unless, six months prior to the expiration of the then current term, either party gives notice to the other that the Agreement will not renew for an additional term. In the event of such written notice being timely provided by the Company, Employee shall not be required to perform any responsibilities or duties to the Company during the final two months of the then-existing term. In such event, the Company will remain obligated to Employee for all compensation and other benefits set forth herein and in any written modifications hereto.

Appears in 2 contracts

Samples: Employment Agreement (Park City Group Inc), Employment Agreement (Park City Group Inc)

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Term of the Employment. The employment of Employee by the Company will continue pursuant to the terms of this Agreement effective as of July 1, 2013 2003 and end on the 30th day of June, 2018 June 2008 (the "Initial Term"), unless sooner terminated pursuant to the terms hereof or extended at the sole discretion of the Company’s 's Board of Directors. The Initial Term and any subsequent terms will automatically renew for additional one year periods unless, six months prior to the expiration of the then current term, either party gives notice to the other that the Agreement will not renew for an additional term. In the event of such written notice being timely provided by the Company, Employee shall not be required to perform any responsibilities or duties to the Company during the final two months of the then-existing term. In such event, the Company will remain obligated to Employee for all compensation and other benefits set forth herein and in any written modifications hereto.

Appears in 1 contract

Samples: Employment Agreement (Park City Group Inc)

Term of the Employment. The employment of Employee by the Company will continue pursuant to the terms of this Agreement effective as of July January 1, 2013 2005 and end on the 30th day of June, 2018 2008 (the "Initial Term"), unless sooner terminated pursuant to the terms hereof or extended at the sole discretion of the Company’s 's Board of Directors. The Initial Term and any subsequent terms will automatically renew for additional one year periods unless, six months prior to the expiration of the then current term, either party gives notice to the other that the Agreement will not renew for an additional term. In the event of such written notice being timely provided by the Company, Employee shall not be required to perform any responsibilities or duties to the Company during the final two months of the then-existing term. In such event, the Company will remain obligated to Employee for all compensation and other benefits set forth herein and in any written modifications hereto.

Appears in 1 contract

Samples: Employment Agreement (Park City Group Inc)

Term of the Employment. The employment of Employee by the Company will continue pursuant to the terms of this Agreement effective as of July 1, 2013 2005 and end on the 30th day of June, 2018 2008 (the "Initial Term"), unless sooner terminated pursuant to the terms hereof or extended at the sole discretion of the Company’s 's Board of Directors. The Initial Term and any subsequent terms will automatically renew for additional one year periods unless, six months prior to the expiration of the then current term, either party gives notice to the other that the Agreement will not renew for an additional term. In the event of such written notice being timely provided by the Company, Employee shall not be required to perform any responsibilities or duties to the Company during the final two months of the then-existing term. In such event, the Company will remain obligated to Employee for all compensation and other benefits set forth herein and in any written modifications hereto.

Appears in 1 contract

Samples: Employment Agreement (Park City Group Inc)

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Term of the Employment. The employment of Employee by the Company will continue pursuant to the terms of this Agreement effective as of July 1, 2013 2008 and end on the 30th day of June, 2018 2013 (the “Initial Term”), unless sooner terminated pursuant to the terms hereof or extended at the sole discretion of the Company’s Board of Directors. The Initial Term and any subsequent terms will automatically renew for additional one year periods unless, six months prior to the expiration of the then current term, either party gives notice to the other that the Agreement will not renew for an additional term. In the event of such written notice being timely provided by the Company, Employee shall not be required to perform any responsibilities or duties to the Company during the final two months of the then-existing term. In such event, the Company will remain obligated to Employee for all compensation and other benefits set forth herein and in any written modifications hereto.

Appears in 1 contract

Samples: Employment Agreement (Park City Group Inc)

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