Common use of Basic Term Clause in Contracts

Basic Term. The Executive's employment hereunder shall be for a continuous and self-renewing three (3) year term, commencing as of the Effective Date, unless terminated by either party, with or without cause, effective as of the first (1st) business day after written notice to that effect is delivered to the other party.

Appears in 3 contracts

Samples: Employment Agreement (Corporate Office Properties Trust), Employment Agreement (Corporate Office Properties Trust), Employment Agreement (Corporate Office Properties Trust)

AutoNDA by SimpleDocs

Basic Term. The Executive's employment hereunder shall be for a continuous and self-renewing three two (32) year term, commencing as of the Effective Date, unless terminated by either party, with or without cause, effective effec- tive as of the first (1st) business day after written notice to that effect is delivered to the other party.

Appears in 2 contracts

Samples: Employment Agreement (Royale Investments Inc), Employment Agreement (Hamlin Clay W Iii)

Basic Term. The Executive's employment hereunder shall be for a continuous and self-renewing three two (32) year term, commencing as of the Effective Date, unless terminated by either party, with or without cause, effective as of the first (1st) business day after written notice to that effect is delivered to the other party.

Appears in 2 contracts

Samples: Employment Agreement (Corporate Office Properties Trust), Employment Agreement (Corporate Office Properties Trust)

Basic Term. The Executive's employment hereunder shall be for a continuous and self-renewing three (3) year term, commencing as of the Effective Date, unless terminated by either party, with or without cause, effective as of the first (1st) business day after written notice to that effect is delivered to the other party. Notwithstanding the foregoing, the term of this Agreement shall, if not previously terminated, expire of its own accord, and without notice to or from either party, on the seventieth (70th) birthday of Executive ("Retirement Date").

Appears in 1 contract

Samples: Employment Agreement (First Industrial Realty Trust Inc)

Basic Term. The Executive's employment hereunder shall be for a continuous and self-renewing three (3) year term, commencing as of the Effective Date, unless terminated by either party, with or without cause, effective as of the first (1st) business day after written notice to that effect is delivered to the other party.

Appears in 1 contract

Samples: Employment Agreement (Corporate Office Properties Trust)

AutoNDA by SimpleDocs

Basic Term. The Executive's employment hereunder shall be for a continuous and self-renewing three two (32) year term, commencing as of the Effective Date, unless terminated by either party, with or without cause, effective as of the first (1st) business day after written notice to that effect is delivered to the other party. Notwithstanding the foregoing, the term of this Agreement shall, if not previously terminated, expire of its own accord, and without notice to or from either party, on the seventieth (70th) birthday of the Executive ("Retirement Date").

Appears in 1 contract

Samples: Employment Agreement (First Industrial Realty Trust Inc)

Basic Term. The Executive's employment hereunder shall be for a continuous and self-renewing three (3) year term, commencing as of the Effective Date, unless terminated by either party, with or without cause, effective as of the first (1st) business day after written notice to that effect is delivered to the other party.

Appears in 1 contract

Samples: Employment Agreement (Corporate Office Properties Trust Inc)

Basic Term. The Executive's employment hereunder shall be for a continuous and self-renewing term of three (3) year term, years commencing as of the Effective Date, and shall automatically extend for one (1) additional year commencing on each anniversary of the Effective Date, unless terminated by either party, with or without cause, party effective as of the first last day of the then current three (1st3) business day after year period by written notice to that effect is delivered to the other partynot less than ninety (90) days prior to the anniversary of such Effective Date.

Appears in 1 contract

Samples: Employment Agreement (Merchants Bancorp Inc/De/)

Time is Money Join Law Insider Premium to draft better contracts faster.