Common use of Term; Termination; Rights on Termination Clause in Contracts

Term; Termination; Rights on Termination. The term of this Agreement shall begin on the Effective Date and continue for three years (the "Initial Term") and, unless terminated sooner as herein provided, shall continue thereafter at Executive's and Company's mutual election on a year-to-year basis on the same terms and conditions contained herein in effect as of the time of renewal (the "Extended Term"); provided, however, upon a Change in Control of the Company, the term of this Agreement shall automatically continue following such Change in Control for a period equal to the then remaining term or two years, whichever period is longer, unless earlier terminated as provided in paragraph 11. This Agreement and Executive's employment may be terminated in any one of the followings ways:

Appears in 10 contracts

Samples: Employment Agreement (Conrad Industries Inc), Employment Agreement (Conrad Industries Inc), Employment Agreement (Conrad Industries Inc)

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Term; Termination; Rights on Termination. The Executive's term of employment under this Agreement shall begin on the Effective Start Date and continue for three years until December 31, 2004 (the "Initial Term") and, unless terminated sooner as herein provided, shall continue thereafter at Executive's and Company's mutual election on a year-to-year basis on the same terms and conditions contained herein in effect as of the time of renewal (the "Extended Term"); provided, however, upon a Change in Control of the Company, the term of this Agreement shall automatically continue following such Change in Control for a period equal to the then remaining term or two years, whichever period is longer, unless earlier terminated as provided in paragraph 11. This Agreement and Executive's employment may be terminated in any one of the followings following ways:

Appears in 2 contracts

Samples: Employment Agreement (Conrad Industries Inc), Employment Agreement (Conrad Industries Inc)

Term; Termination; Rights on Termination. The term of this Agreement shall begin on the Effective Date and continue for three five years (the "Initial Term") and, unless terminated sooner as herein provided, shall continue thereafter at Executive's and Company's mutual election on a year-to-year basis on the same terms and conditions contained herein in effect as of the time of renewal (the "Extended Term"); provided, however, upon a Change in Control of the Company, (as defined in paragraph 11(d)) the term of this Agreement shall automatically continue following such Change in Control for a period equal to the then remaining term or two years, whichever period is longer, unless earlier terminated as provided in paragraph 11. This Agreement and Executive's employment may be terminated in any one of the followings ways:

Appears in 1 contract

Samples: Employment Agreement (Integrated Electrical Services Inc)

Term; Termination; Rights on Termination. The Executive’s term of employment under this Agreement shall begin on the Effective Start Date and continue for three years until December 31, 2005 (the "Initial Term") and, unless terminated sooner as herein provided, shall continue thereafter at Executive's ’s and Company's ’s mutual election on a year-to-year basis on the same terms and conditions contained herein in effect as of the time of renewal (the "Extended Term"); provided, however, upon a Change in Control of the Company, as defined in the Xxxxxx Industries, Inc. 2002 Stock Plan (a “Change in Control”), the term of this Agreement shall automatically continue following such Change in Control for a period equal to the then remaining term or two years, whichever period is longer, unless earlier terminated as provided in paragraph 11. This Agreement and Executive's ’s employment may be terminated in any one of the followings following ways:

Appears in 1 contract

Samples: Employment Agreement (Conrad Industries Inc)

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Term; Termination; Rights on Termination. The term of this Agreement shall begin on the Effective Date and continue for three years (the "Initial Term") and, unless terminated sooner as herein provided, shall continue thereafter at Executive's and Company's mutual election on a year-to-year basis on the same terms and conditions contained herein in effect as of the time of renewal (the "Extended Term"); provided, however, upon a Change in Control of the Company, (as defined in paragraph 9(d)) the term of this Agreement shall automatically continue following such Change in Control for a period equal to the then remaining term or two years, whichever period is longer, unless earlier terminated as provided in paragraph 119. This Agreement and Executive's employment may be terminated in any one of the followings following ways:

Appears in 1 contract

Samples: Employment Agreement (Integrated Electrical Services Inc)

Term; Termination; Rights on Termination. The term of this Agreement shall begin on the Effective Date and shall continue for a period of three years (the "Initial Term") and, unless terminated sooner as herein provided, shall continue thereafter at Executive's for such additional period as Company and Company's mutual election on a year-to-year basis on the same terms and conditions contained herein in effect as of the time of renewal Executive may mutually agree (the "Extended Term")) with such modifications, if any, as the Company and Executive may mutually agree; provided, however, that upon a Change in Control of the Company, the term of this Agreement shall automatically continue following such Change in Control for a period equal to the then remaining term or two years, whichever period is longer, unless earlier terminated as provided in paragraph 11. This Agreement and Executive's employment hereunder may be terminated in any one of the followings following ways:"

Appears in 1 contract

Samples: Employment Agreement (Conrad Industries Inc)

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