Common use of Term with Automatic Renewal Provision Clause in Contracts

Term with Automatic Renewal Provision. This Agreement shall be effective as of February 1, 2014 (the “Effective Date”). Subject to the terms of this Agreement, the term of this Agreement (the “Term”) and Executive’s employment hereunder shall be for a period of one (1) year commencing as of the Effective Date. The Term shall automatically renew for one (1) additional year at the end of the then existing Term, unless either Party provides written notice to the other Party not less than ninety (90) days prior to the end of the then existing Term that such Party does not wish to extend the Term.

Appears in 3 contracts

Samples: Employment Agreement (First Busey Corp /Nv/), Employment Agreement (First Busey Corp /Nv/), Employment Agreement (First Busey Corp /Nv/)

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Term with Automatic Renewal Provision. This Agreement shall be effective as of February April 1, 2014 (the “Effective Date”). Subject to the terms of this Agreement, the term of this Agreement (the “Term”) and Executive’s employment hereunder shall be for a period of one (1) year commencing as of the Effective Date. The Term shall automatically renew for one (1) additional year at the end of the then existing Term, unless either Party provides written notice to the other Party not less than ninety thirty (9030) days prior to the end of the then existing Term that such Party does not wish intend to extend the Term.

Appears in 1 contract

Samples: Employment Agreement (First Busey Corp /Nv/)

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