Extension of Initial Term. Upon each annual anniversary date of this Agreement, this Agreement shall be extended automatically for successive terms of one year each, unless either the Corporation or the Employee gives contrary written notice to the other not later than the annual anniversary date.
Extension of Initial Term. The Initial Term of this Agreement will be automatically extended after the third anniversary of the Closing Date for additional successive periods of one year each, each such extension to be effective immediately after the last day of the term then in effect, with the first such extension period beginning on the third anniversary of the Closing Date (each such additional period, an "Additional Term") (the Initial Term and any Additional Term thereof pursuant to this Section 1(b) being hereinafter referred to as the "Employment Period"), unless either the Company gives the Executive or the Executive gives the Company not less than twelve months written notice prior to the end of the Initial Term or any such Additional Term of such party's intention not to extend the Employment Period.
Extension of Initial Term. Section 1.04 of the LLC Agreement is amended and restated in its entirety to read as follows:
Extension of Initial Term. (a) The initial term of the Lease is hereby extended for a period of thirty-six (36) calendar months and seventeen (17) days commencing on March 15, 2005 and ending on April 30, 2008 (the “Extension Term”). The Extension Term shall be upon all of the same terms and conditions of the Lease, except that the Monthly Base Rent payable by Lessee to Lessor during the Extension Term shall be as set forth in Paragraph 3 hereof.
Extension of Initial Term. The Initial Term of the Agreement is hereby extended for a period of forty-eight (48) months from the Effective Date of this Amendment.
Extension of Initial Term. The Initial Term shall be automatically extended an additional five (5) years from the end of the Initial Term ("Extended Term"); provided, however, that the Purchaser shall have the option to elect to terminate this Agreement effective on the last day of the Initial Term by providing written notice of such election to Seller no later than the date that is three (3) years prior to the end of the Initial Term.
Extension of Initial Term. In order to effect the extension of the Initial Term, the first sentence of Section 1 of the Agreement is hereby deleted in its entirety and replaced with the following sentence: "The term of this Agreement shall begin as of the Effective Date and, unless sooner terminated in accordance with subsections (a), (b) or (c) of this Section 1 or any other provision of this Agreement, shall continue until December 31, 2004 (such term, the "Initial Term")."
Extension of Initial Term. Notwithstanding anything to the contrary in Section 1(a) of this Agreement, upon the expiration of the Initial Term (March 11, 2003), this Agreement shall be renewed automatically for an additional one (1) year term (the "Renewal Term").
Extension of Initial Term. The Initial Term of this Agreement shall be extended to seven (7) years from the Anniversary Date (“Initial Term”), unless otherwise terminated pursuant to Section 5 of this Agreement. For the avoidance of doubt, absent a termination pursuant to Section 5, the Initial Term of this Agreement shall expire on November 26, 2013. The Initial Term, and any further extension thereof shall be referred to herein as the “Term.”
Extension of Initial Term. Section 11.1(a) of the MSA is hereby amended so that the Initial Term shall expire on December 31, 2014 instead of December 31, 2013.
