Common use of Employment and Term of Employment Clause in Contracts

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ Employee, and Employee hereby agrees to serve as Senior Vice President of the Company, or in such other position as is mutually acceptable to both Employee and the Company, for a period of three years commencing on the date hereof, which period shall automatically be extended for an additional year on each anniversary of this Agreement thereafter (as so extended at any time, the "Term of Employment") unless notice to the contrary is given not less than 60 days prior to any anniversary of this Agreement by either party to this Agreement.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ Employee, and Employee hereby agrees to serve as Senior Vice President President—Commercial Transactions and Land of the Company, or in such other or additional position as is mutually acceptable to both Employee and the Company, for a period of three years commencing on the date hereof, which period shall automatically be extended for an additional year on each anniversary of this Agreement thereafter (such period, as so extended at any from time to time, the "“Term of Employment"”) unless notice to the contrary is given by either party to this Agreement not less than 60 days prior to any anniversary of this Agreement by either party to this Agreement.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ Employee, and Employee hereby agrees to serve as Senior Executive Vice President and Chief Financial Officer of the Company, or in such other or additional position as is mutually acceptable to both Employee and the Company, for a period of three years commencing on the date hereof, which period shall automatically be extended for an additional year on each anniversary of this Agreement thereafter (such period, as so extended at any from time to time, the "“Term of Employment"”) unless notice to the contrary is given by either party to this Agreement not less than 60 days prior to any anniversary of this Agreement by either party to this Agreement.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ Employee, and Employee hereby agrees to serve as Senior Executive Vice President of the Company, or in such other position as is mutually acceptable to both Employee and the Company, for a period of three years commencing on the date hereof, which period shall automatically be extended for an additional year on each anniversary of this Agreement thereafter (as so extended at any time, the "Term of Employment") unless notice to the contrary is given not less than 60 days prior to any anniversary of this Agreement by either party to this Agreement.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ Employee, and Employee hereby agrees to serve as Senior Vice President Chief Executive Officer of the Company, or in such other or additional position as is mutually acceptable to both Employee and the Company, for a period of three years commencing on the date hereof, which period shall automatically be extended for an additional year on each anniversary of this Agreement thereafter (such period, as so extended at any from time to time, the "“Term of Employment"”) unless notice to the contrary is given by either party to this Agreement not less than 60 days prior to any anniversary of this Agreement by either party to this Agreement.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ Employee, and Employee hereby agrees to serve as Senior Vice President President—Operations of the Company, or in such other or additional position as is mutually acceptable to both Employee and the Company, for a period of three years commencing on the date hereof, which period shall automatically be extended for an additional year on each anniversary of this Agreement thereafter (such period, as so extended at any from time to time, the "“Term of Employment"”) unless notice to the contrary is given by either party to this Agreement not less than 60 days prior to any anniversary of this Agreement by either party to this Agreement.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ Employee, and Employee hereby agrees to serve as Senior Executive Vice President and Chief Operating Officer of the Company, or in such other or additional position as is mutually acceptable to both Employee and the Company, for a period of three years commencing on the date hereof, which period shall automatically be extended for an additional year on each anniversary of this Agreement thereafter (such period, as so extended at any from time to time, the "“Term of Employment"”) unless notice to the contrary is given by either party to this Agreement not less than 60 days prior to any anniversary of this Agreement by either party to this Agreement.

Employment and Term of Employment. Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ Employee, and Employee hereby agrees to serve as Senior Vice President and Secretary of the Company, or in such other or additional position as is mutually acceptable to both Employee and the Company, for a period of three years commencing on the date hereof, which period shall automatically be extended for an additional year on each anniversary of this Agreement thereafter (such period, as so extended at any from time to time, the "“Term of Employment"”) unless notice to the contrary is given by either party to this Agreement not less than 60 days prior to any anniversary of this Agreement by either party to this Agreement.