EXTENSION OF TERM OF EMPLOYMENT Sample Clauses

EXTENSION OF TERM OF EMPLOYMENT. Section 2.p. of the Employment Agreement is hereby amended and restated in its entirety as follows:
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EXTENSION OF TERM OF EMPLOYMENT. If Employee's employment hereunder has not previously been terminated in accordance with Section 8 hereof, then on the first anniversary of the Commencement Date the Term shall be extended for one additional year and on each subsequent anniversary of the Commencement Date. The Term shall be extended for one additional year, unless the Board shall provide written notice to Employee at least thirty (30) days prior to such anniversary date that this Agreement will not be so extended. The rights of termination set forth in Section 8 shall be applicable during the initial, as well as any extended term.
EXTENSION OF TERM OF EMPLOYMENT. Employex xxx Xxxxxxxx xxxx xxxxxxxx xxxxxxsions and negotiations no later than September 30, 2002 for an extension of the Term hereunder on the following terms and will conclude negotiations no later than November 1, 2002:
EXTENSION OF TERM OF EMPLOYMENT. The Company may extend this Agreement for the period of one (1) year and subject to the Executive’s approval. Such Term of Employment shall be continued under the same terms and conditions as specified under this Agreement, subject to the following amendment: Item 3. Compensation, he Company shall pay to the Executive TWENTY THOUSAND DOLLARS ($20,000.00) MONTHLY, payable upon the anniversary date of this agreement, and following, on the bi-monthly on the 1st and 15th of the month and until such time as the Executive is no longer employed, or the earlier of the Term of Employment. Additionally, Executive shall receive EIGHTY-ONE THOUSAND TWO-HUNDRED FIFTY (81,250) Common Restricted Shares (adjusted for any post split of such common stock) of the Company.
EXTENSION OF TERM OF EMPLOYMENT. The second and third sentences of Subsection 1(b) of the Employment Agreement are hereby deleted in their entirety and the following sentences are substituted in lieu thereof: Commencing as of the date hereof and continuing through December 31, 1997 unless earlier terminated pursuant to and in accordance with Section 6 below (the "Employment Period"), the Company hereby employs Executive and Executive hereby agrees to serve the Company on a full-time basis in the position of Chairman of the Board of Directors of the Company. Executive shall perform the duties normally associated with such position as well as such other reasonable and appropriate duties as may be assigned to and requested of him by, and subject to the direction, control and supervision of, the Board of Directors of the Company.
EXTENSION OF TERM OF EMPLOYMENT. If Employee's employment hereunder has not previously been terminated in accordance with Section 8 hereof, then the Term shall be extended for one additional year, unless the Board shall provide written notice to Employee prior to the expiration date of the Term that this Agreement will not be so extended (a "Notice of Non-Renewal"). The rights of termination set forth in Section 8 shall be applicable during the initial, as well as any extended term. In the event that this Agreement shall expire and not be renewed or in the event that Employee is terminated for any reason, excluding solely a "Termination for Cause" defined in Section 8.4, below, the Employee shall receive three (3) months "Basic Salary", defined below, to be paid in accordance with the then current payment schedule in effect for other executive employees.
EXTENSION OF TERM OF EMPLOYMENT. Section 1 is amended and restated to read as follows: Subject to the provisions of Section 8 of this Agreement, Executive shall be employed by the Company for a period commencing on February 15, 2010 (the “Effective Date”) and ending eight (8) years after the Effective Date, unless terminated earlier, as provided herein, in accordance with the provisions of Section 8 of this Agreement (the “Employment Term”).
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EXTENSION OF TERM OF EMPLOYMENT. Section 1 of the Employment Agreement is deleted in its entirety and is hereby replaced with the following:
EXTENSION OF TERM OF EMPLOYMENT. If Xx. Xxxxxxxxx'x employment hereunder has not previously been terminated in accordance with Section 9 hereof, then KMC shall have the sole and absolute right to extend the Term of Xx. Xxxxxxxxx'x employment hereunder, on the terms and conditions set forth herein for a further period of two (2) years, by written notice to Xx. Xxxxxxxxx delivered within ninety (90) days of the end of the Term.
EXTENSION OF TERM OF EMPLOYMENT. The Board of Directors or a committee designated by the Board of Directors of Summit shall review this Agreement at least annually, and may, with the approval of Maddy, extend the term of this Agreement annually for additional one (1) year periods (so that the actual term of this Agreement will always be between two and three years).
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