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 date hereof and continue through December 31, 2005 (the "Initial Term"), unless terminated sooner as herein provided. Either the Company or Employee shall have the option of renewing this Agreement for an additional three (3) year term following the Initial Term provided that with the terms and conditions of such extended employment are mutually agreed upon by the Company and Employee not less than sixty (60) days prior to the expiration of the Initial Term. This Agreement and Employee's employment may be terminated in any one of the following ways:

Appears in 4 contracts

Samples: Employment Agreement (Lason Inc), Employment Agreement (Lason Inc), Employment Agreement (Lason Inc)

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Term; Termination; Rights on Termination. The term of this Agreement shall begin on the date hereof and continue through December 31, 2005 for one (1) year (the "Initial Term"), and, unless terminated sooner as herein provided. Either , shall continue thereafter on a year-to-year basis on the Company or Employee shall have the option of renewing this Agreement for an additional three (3) year term following the Initial Term provided that with the same terms and conditions of such extended employment are mutually agreed upon by the Company and Employee not less than sixty (60) days prior to the expiration of the Initial Termcontained herein. This Agreement and Employee's employment may be terminated in any one of the following followings ways:

Appears in 2 contracts

Samples: Employment and Non Competition Agreement (Friede Goldman International Inc), Employment and Non Competition Agreement (Friede Goldman International Inc)

Term; Termination; Rights on Termination. The term of this Agreement shall begin on the date hereof and continue through December 31, 2005 for one year (the "Initial Term"), and, unless terminated sooner as herein provided. Either , shall be extended at the Company or Employee shall have the option end of renewing this Agreement for an additional three (3) year term following the Initial Term provided that with and ongoing successive terms, for a period of one year on the same terms and conditions of such extended employment are mutually agreed upon by contained herein (the Company and Employee not less than sixty (60) days prior to the expiration of the Initial "Term"), provided, however, that with each successive Term, Employee's compensation shall be adjusted in accordance with Section 2 hereof. This Agreement and Employee's employment may be terminated in any one of the following followings ways:

Appears in 2 contracts

Samples: Employment Agreement (Prime Foods Development Corp), Employment Agreement (Prime Foods Development Corp)

Term; Termination; Rights on Termination. The term of this Agreement shall begin on the date hereof and continue through December 31, 2005 (the "Initial Term")2005, and, unless terminated sooner as herein provided. Either , shall continue thereafter on a five-year rolling basis on the same terms and conditions contained herein until written notice is given by the Company or Employee shall have the option of renewing this Agreement for an additional three (3) year term following the Initial Term provided that with the terms and conditions of such extended employment are mutually agreed upon by the Company and Employee Employee, not less than sixty (60) days prior to the expiration December 31st of any anniversary date of this Agreement during the Initial Term or thereafter, that the balance of the Initial term of the Agreement shall be five (5) years from the January 1st following such notice (the “Term”). This Agreement and Employee's employment may be terminated in any one of the following ways:

Appears in 2 contracts

Samples: Employment Agreement (Fyi Inc), Employment Agreement (Fyi Inc)

Term; Termination; Rights on Termination. The term of this Agreement shall begin on the date hereof and continue through December 31, 2005 2004 (the "Initial Term"), unless terminated sooner as herein provided. Either the Company or Employee shall have the option of renewing this Agreement for an additional three two (32) year term following the Initial Term provided that with the terms and conditions of such extended employment are mutually agreed upon by the Company and Employee not less than sixty (60) days prior to the expiration of the Initial Term. This Agreement and Employee's employment may be terminated in any one of the following ways:

Appears in 2 contracts

Samples: Employment Agreement (Lason Inc), Employment Agreement (Lason Inc)

Term; Termination; Rights on Termination. The term of this Agreement shall begin on the date hereof and continue through December 31, 2005 (the "Initial Term")2004, and, unless terminated sooner as herein provided. Either , shall continue thereafter on a three-year rolling basis on the same terms and conditions contained herein until written notice is given by the Company or Employee shall have the option of renewing this Agreement for an additional three (3) year term following the Initial Term provided that with the terms and conditions of such extended employment are mutually agreed upon by the Company and Employee Employee, not less than sixty (60) days prior to the expiration December 31st of any anniversary date of this Agreement during the Initial Term or thereafter, that the balance of the Initial term of the Agreement shall be three (3) years from the January 1st following such notice (the “Term”). This Agreement and Employee's ’s employment may be terminated in any one of the following ways:

Appears in 1 contract

Samples: Employment Agreement (Sourcecorp Inc)

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Term; Termination; Rights on Termination. The term of this Agreement shall begin on the date hereof and continue through December 31, 2005 for one year (the "Initial Term"), and, unless terminated sooner as herein provided. Either , shall be extended at the Company or Employee shall have the option end of renewing this Agreement for an additional three (3) year term following the Initial Term provided that with and ongoing successive terms, for a period of one year on the same terms and conditions of such extended employment are mutually agreed upon by contained herein (the Company and Employee not less than sixty (60) days prior to the expiration of the Initial "Term"), provided, however, that with each successive Term, Employee's -7- 8 compensation shall be adjusted in accordance with Section 2 hereof. This Agreement and Employee's employment may be terminated in any one of the following followings ways:

Appears in 1 contract

Samples: Employment Agreement (Prime Foods Development Corp)

Term; Termination; Rights on Termination. The term of this Agreement shall begin on the date hereof and continue through December 31, 2005 for one year (the "Initial Term"), and, unless terminated sooner as herein provided. Either , shall be extended at the Company or Employee shall have the option end of renewing this Agreement for an additional three (3) year term following the Initial Term provided that with and ongoing successive terms, for a period of one year on the same terms and conditions of such extended employment are mutually agreed upon by contained herein (the Company and Employee not less than sixty (60) days prior to the expiration of the Initial "Term"), provided, however, that each successive Term, Employee's compensation shall be adjusted in accordance with Section 2 hereof. This Agreement and Employee's employment may be terminated in any one of the following ways:

Appears in 1 contract

Samples: Employment Agreement (Colorado Prime Corp)

Term; Termination; Rights on Termination. The term of this Agreement shall begin on the date hereof and continue through December 31, 2005 for one year (the "Initial Term"), and, unless terminated sooner as herein provided. Either , shall be extended at the Company or Employee shall have the option end of renewing this Agreement for an additional three (3) year term following the Initial Term provided that with and ongoing successive terms, for a period of one year on the same terms and conditions of such extended employment are mutually agreed upon by contained herein (the Company and Employee not less than sixty (60) days prior to the expiration of the Initial "Term"), provided, however, that with each successive Term, Employee's compensation shall be adjusted in accordance with Section 2 - 7 - 8 hereof. This Agreement and Employee's employment may be terminated in any one of the following followings ways:

Appears in 1 contract

Samples: Employment Agreement (Prime Foods Development Corp)

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