Common use of Term; Renewal Clause in Contracts

Term; Renewal. The Initial Term of the Agreement shall run from January 1, 2005 through and including June 30, 2006 and, if not terminated as described below, the Agreement shall, on January 1 of each year, automatically be extended for an additional year, resulting in a new one and one-half year term (the “Renewal Terms”), with such modifications hereto as the parties shall agree in writing; provided, however, that the Agreement shall not be so extended in the event that you or FLIC provides written notice of non-extension to the other party no later than October 31 of the preceding year. Notwithstanding the foregoing, FLIC may not provide such notice of non-extension during any period of time in which the Board of Directors of FLIC is actively negotiating a transaction the consummation of which would constitute a Change of Control Event (as hereinafter defined).

Term; Renewal. The Initial Term of the Agreement shall run from January 1, 2005 2002 through and including June 30, 2006 2003 and, if not terminated as described below, the Agreement shall, on January 1 of each year, automatically be extended for an additional year, resulting in a new one and one-half year term (the “"Renewal Terms”"), with such modifications hereto as the parties shall agree in writing; provided, however, that the Agreement shall not be so extended in the event that you or FLIC provides written notice of non-extension to the other party no later than October 31 of the preceding year. Notwithstanding the foregoing, FLIC may not provide such notice of non-extension during any period of time in which the Board of Directors of FLIC is actively negotiating a transaction the consummation of which would constitute a Change of Control Event (as hereinafter defined).

Term; Renewal. The Initial Term of the this Agreement shall run from January 1February 17, 2005 2014 through and including June 30December 31, 2006 2014 and, if not terminated as described belowprovided herein, the this Agreement shall, on January 1 of each year, automatically be extended for an additional yearperiod of one (1) year (each, resulting in a new one and one-half year term (the “"Renewal Terms”Term"), with such modifications hereto as the parties shall agree in writing; provided, however, that the Agreement shall not be so extended in the event that you or FLIC provides written notice of non-extension to the other party no later than October 31 of the preceding year. Notwithstanding the foregoing, FLIC may not provide such notice of non-extension during any period of time in which the Board of Directors of FLIC is actively negotiating a transaction the consummation of which would constitute a Change of Control Event (as hereinafter defined).

Term; Renewal. The Initial Term of the Agreement shall run from January 1December 31, 2005 2007 through and including June 30December 31, 2006 2009 and, if not terminated as described below, the Agreement term shall, on January 1 of each yearyear (beginning on January 1, 2009), automatically be extended for an additional year, resulting in a new one and one-half two (2) year term (the “Renewal Terms”), with such modifications hereto as the parties shall agree in writing; provided, however, that the Agreement shall not be so extended in the event that you or FLIC provides written notice of non-extension to the other party no later than October 31 of the preceding year. Notwithstanding the foregoing, FLIC may not provide such notice of non-extension during any period of time in which the Board of Directors of FLIC is actively negotiating a transaction transaction, the consummation of which would constitute a Change of Control Event (as hereinafter defined).”

Term; Renewal. The Initial Term of the Agreement shall run from January 122, 2005 2007 through and including June 30January 21, 2006 2008 and, if not terminated as described below, the Agreement shall, on January 1 of each year, automatically be extended for an additional year, resulting in a new one and one-half year term (the “Renewal Terms”), with such modifications hereto as the parties shall agree in writing; provided, however, that the Agreement shall not be so extended in the event that you or FLIC provides written notice of non-extension to the other party no later than October 31 of the preceding year. Notwithstanding the foregoing, FLIC may not provide such notice of non-extension during any period of time in which the Board of Directors of FLIC is actively negotiating a transaction the consummation of which would constitute a Change of Control Event (as hereinafter defined).

Term; Renewal. The Initial Term of the Agreement shall run from January July 1, 2005 1999 through and including June 30December 31, 2006 and2000, and if not terminated as described below, the Agreement shall, on January July 1 of each year, automatically be extended for an additional year, resulting in a new one and one-half year term (the “"Renewal Terms”"), with such modifications hereto as the parties shall agree in writing; provided, however, that the Agreement shall not be so extended in the event that you or FLIC provides written notice of non-extension to the other party no later than October 31 April 30 of the preceding any such year. Notwithstanding the foregoing, FLIC may not provide such notice of non-extension during any period of time in which the Board of Directors of FLIC is actively negotiating a transaction the consummation of which would constitute a Change of Control Event (as hereinafter defined).

Term; Renewal. The Initial Term of the Agreement shall run from January 1February 14, 2005 2011 through and including June 30February 13, 2006 2012 and, if not terminated as described belowprovided herein, the Agreement shall, on January 1 of each year, automatically be extended for an additional year, resulting in a new one and one-half year term (the “"Renewal Terms”Term"), with such modifications hereto as the parties shall agree in writing; provided, however, that the Agreement shall not be so extended in the event that you or FLIC provides written notice of non-extension to the other party no later than October 31 of the preceding year. Notwithstanding the foregoing, FLIC may not provide such notice of non-extension during any period of time in which the Board of Directors of FLIC is actively negotiating a transaction the consummation of which would constitute a Change of Control Event (as hereinafter defined).

Term; Renewal. The Initial Term of the Agreement shall run from January 1December 31, 2005 2007 through and including June 30, 2006 2009 and, if not terminated as described below, the Agreement term shall, on January 1 of each year, automatically be extended for an additional year, resulting in a new one and one-half year term (the “Renewal Terms”), with such modifications hereto as the parties shall agree in writing; provided, however, that the Agreement shall not be so extended in the event that you or FLIC provides written notice of non-extension to the other party no later than October 31 of the preceding year. Notwithstanding the foregoing, FLIC may not provide such notice of non-extension during any period of time in which the Board of Directors of FLIC is actively negotiating a transaction transaction, the consummation of which would constitute a Change of Control Event (as hereinafter defined).”

Term; Renewal. The Initial Term of the Agreement shall run from January 1December 31, 2005 2007 through and including June 30December 31, 2006 2008 and, if not terminated as described below, the Agreement shall, on January 1 of each year, term shall automatically be extended for an additional year, resulting in a new one and successive periods of one-half year term (the “"Renewal Terms”"), with such modifications hereto as the parties shall agree in writing; provided, however, that the Agreement shall not be so extended in the event that you or FLIC provides written notice of non-extension to the other party no later than October 31 the sixtieth (60th) day prior to the expiration of the preceding yearInitial Term or Renewal Term, as the case may be. Notwithstanding the foregoing, FLIC may not provide such notice of non-extension during any period of time in which the Board of Directors of FLIC is actively negotiating a transaction the consummation of which would constitute a Change of Control Event (as hereinafter defined).