Common use of Employment Term Clause in Contracts

Employment Term. The Company agrees to employ the Employee and the Employee agrees to accept such employment, in accordance with the terms and conditions of this Agreement, for the period beginning on the date of this Agreement and ending as of the close of business on December 31, 2017 (such period together with all extensions thereof are referred to hereinafter as the "Employment Term"); provided, however, that commencing on January 1, 2018, and on each January 1 thereafter (each such date shall be hereinafter referred to as a "Renewal Date"), the Employment Term shall be extended so as to terminate one year from such Renewal Date if (i) the Company notifies the Employee in writing of such extension at least thirty days prior to such Renewal Date and (ii) the Employee has not previously given the Company written notice that the Employment Term shall not be so extended. In the event that the Company gives the Employee written notice at any time of its intention not to renew the Employment Term, then the Employment Term shall terminate on December 31 of the year in which such notice of non-renewal is given and shall not thereafter be further extended. If the Company fails to notify the Employee at least thirty days prior to a Renewal Date either of its intention to extend the Employment Term as provided above or its intention not to so extend the Employment Term, then the Employment Term shall not be extended and shall terminate as of the day prior to such Renewal Date.

Employment Term. The Company agrees to employ the Employee pursuant to the terms of this Agreement, and the Employee agrees to accept such employmentbe so employed, in accordance with the terms and conditions of this Agreement, for from the period beginning on the date of this Agreement and ending commencing as of the close of business Effective Date and ending on December 31, 2017 2014 (such period together with all extensions thereof are referred the “Initial Term”). Notwithstanding anything herein to hereinafter the contrary, the Employee agrees that he shall not terminate this Agreement prior to the Effective Date. In addition, prior to the Effective Date, the Employee shall agree to cooperate and permit the Company to use his name in regulatory filings that he has approved, which approval shall not unreasonably be withheld or delayed. Upon the expiration of the Initial Term and each Renewal Term (as defined below), as the "Employment case may be, the term of this Agreement shall be automatically extended for successive one-year periods (each, a “Renewal Term"”); , provided, however, that commencing on January 1, 2018, and on each January 1 thereafter (each such date shall be hereinafter referred either party hereto may elect not to as a "Renewal Date"), extend the Employment Term shall be extended so as term of this Agreement by giving written notice to terminate one year from such Renewal Date if (i) the Company notifies the Employee in writing of such extension other party at least thirty 90 days prior to such the expiration of the Initial Term or any Renewal Date and (ii) Term. Notwithstanding the Employee has not previously given foregoing, the Company written notice that the Employment Term shall not Employee’s employment hereunder may be so extended. In the event that the Company gives the Employee written notice earlier terminated at any time during the Initial Term or any Renewal Term in accordance with Section 8 hereof, subject to Section 9 hereof. The period of its intention not time between the Effective Date and the termination of the Employee’s employment hereunder for any reason shall be referred to renew herein as the “Employment Term.” For purposes of this Agreement, then “Effective Date” means the Employment Term shall terminate on December 31 of date upon which the year in which such notice of non-renewal Offering is given and shall not thereafter be further extended. If the Company fails to notify the Employee at least thirty days prior to a Renewal Date either of its intention to extend the Employment Term as provided above or its intention not to so extend the Employment Term, then the Employment Term shall not be extended and shall terminate as of the day prior to such Renewal Dateconsummated.

Employment Term. The Company agrees to employ the Employee and the Employee agrees to accept such employment, in accordance with the terms and conditions of this Agreement, for the period beginning on the date of this Agreement and ending as of the close of business on December 31, 2017 2022 (such period together with all extensions thereof are referred to hereinafter as the "Employment Term"); provided, however, that commencing on January 1, 20182023, and on each January 1 thereafter (each such date shall be hereinafter referred to as a "Renewal Date"), the Employment Term shall be extended so as to terminate one year from such Renewal Date if (ia) the Company notifies the Employee in writing of such extension at least thirty (30) days prior to such Renewal Date and (iib) the Employee has not previously given the Company written notice that the Employment Term shall not be so extended. In the event that the Company gives the Employee written notice at any time of its intention not to renew the Employment Term, then the Employment Term shall terminate on December 31 of the year in which such notice of non-renewal is given and shall not thereafter be further extended. If the Company fails to notify the Employee at least thirty (30) days prior to a Renewal Date either of its intention to extend the Employment Term as provided above or its intention not to so extend the Employment Term, then the Employment Term shall not be extended and shall terminate as of the day prior to such Renewal Date.

Employment Term. The Company agrees to employ the Employee and the Employee agrees to accept such employment, in accordance with the terms and conditions of this Agreement, for the period beginning on the date of this Agreement and ending as of the close of business on December 31, 2017 2002 (such period together with all extensions thereof are referred to hereinafter as the "Employment Term"); provided, however, that commencing on January 1, 20182003, and on each January 1 thereafter (each such date shall be hereinafter referred to as a "Renewal Date"), the Employment Term shall be extended so as to terminate one year from such Renewal Date if (i) the Company notifies the Employee in writing of such extension at least thirty days prior to such Renewal Date and (ii) the Employee has not previously given the Company written notice that the Employment Term shall not be so extended. In the event that the Company gives the Employee written notice at any time of its intention not to renew the Employment Term, then the Employment Term shall terminate on December 31 of the year in which such notice of non-renewal is given and shall not thereafter be further extended. If the Company fails to notify the Employee at least thirty days prior to a Renewal Date either of its intention to extend the Employment Term as provided above or its intention not to so extend the Employment Term, then the Employment Term shall not be extended and shall terminate as of the day prior to such Renewal Date.

Employment Term. The Company agrees Subject always to employ the Employee and the Employee agrees to accept such employment, termination provisions as provided elsewhere in accordance with the terms and conditions of this Agreement, for the period beginning on the date term of this Agreement shall begin on the Effective Date of Agreement and ending shall terminate on the Date of Expiration of Agreement, both as shown on the cover sheet. Unless otherwise terminated as provided elsewhere herein, this Agreement shall automatically renew after expiration date on an annual basis unless either party gives the other party thirty (30) days prior written notice requesting that said Agreement not be renewed. If this Agreement is not renewed and EMPLOYEE continues working beyond Termination Date at the request of ANACOMP, said employment shall be on a month-to-month basis. If, at the expiration of the close original two-year term or any renewal term, ANACOMP declines to renew this Agreement and does not request that EMPLOYEE continue working, of business on December 31if ANACOMP terminates the month-to-month employment basis described in the previous sentence, 2017 (such period together with EMPLOYEE shall be entitled to all extensions thereof are referred benefits due him under this Agreement and not previously paid, a severance payment equal to hereinafter as the "Employment Term"); providedEMPLOYEE's prior twelve months' salary, howeverpayable in a lump sum or biweekly at EMPLOYEE's option, that commencing on January 1health benefits until other employment is secured or for twelve months, 2018whichever is sooner, and the immediate vesting of all of EMPLOYEE's existing already awarded options to acquire ANACOMP common stock. If, on each January 1 thereafter (each such date shall be hereinafter referred to as a "Renewal Date")the other hand, the Employment Term shall be extended so as to terminate one year from such Renewal Date if (i) the Company notifies the Employee in writing of such extension at least thirty days prior to such Renewal Date and (ii) the Employee has not previously given the Company written notice that the Employment Term shall not be so extended. In the event that the Company gives the Employee written notice at any time of its intention EMPLOYEE elects not to renew the Employment TermAgreement, then EMPLOYEE shall only be entitled to all benefits due him under the Employment Term shall terminate on December 31 Agreement through the end of the year in which such notice of non-renewal is given and shall not thereafter be further extended. If the Company fails to notify the Employee at least thirty days prior to a Renewal Date either of its intention to extend the Employment Term as provided above or its intention not to so extend the Employment Term, then the Employment Term shall not be extended and shall terminate as term of the day prior to such Renewal DateAgreement.

Employment Term. The Company agrees to employ the Employee and the Employee agrees to accept such employment, in accordance with the terms and conditions of this Agreement, for the period beginning on the date of this Agreement and ending as of the close of business on December 31, 2017 2004 (such period together with all extensions thereof are referred to hereinafter as the "Employment Term"); provided, however, that commencing on January 1, 20182005, and on each January 1 thereafter (each such date shall be hereinafter referred to as a "Renewal Date"), the Employment Term shall be extended so as to terminate one year from such Renewal Date if (i) the Company notifies the Employee in writing of such extension at least thirty days prior to such Renewal Date and (ii) the Employee has not previously given the Company written notice that the Employment Term shall not be so extended. In the event that the Company gives the Employee written notice at any time of its intention not to renew the Employment Term, then the Employment Term shall terminate on December 31 of the year in which such notice of non-renewal is given and shall not thereafter be further extended. If the Company fails to notify the Employee at least thirty days prior to a Renewal Date either of its intention to extend the Employment Term as provided above or its intention not to so extend the Employment Term, then the Employment Term shall not be extended and shall terminate as of the day prior to such Renewal Date.

Employment Term. The Company agrees to employ the Employee and the Employee agrees to accept such employment, in accordance with the terms and conditions of this Agreement, for the period beginning on the date of this Agreement and ending as of the close of business on December 31, 2017 2007 (such period together with all extensions thereof are referred to hereinafter as the "“Employment Term"”); provided, however, that commencing on January 1, 20182008, and on each January 1 thereafter (each such date shall be hereinafter referred to as a "“Renewal Date"”), the Employment Term shall be extended so as to terminate one year from such Renewal Date if (i) the Company notifies the Employee in writing of such extension at least thirty days prior to such Renewal Date and (ii) the Employee has not previously given the Company written notice that the Employment Term shall not be so extended. In the event that the Company gives the Employee written notice at any time of its intention not to renew the Employment Term, then the Employment Term shall terminate on December 31 of the year in which such notice of non-renewal is given and shall not thereafter be further extended. If the Company fails to notify the Employee at least thirty days prior to a Renewal Date either of its intention to extend the Employment Term as provided above or its intention not to so extend the Employment Term, then the Employment Term shall not be extended and shall terminate as of the day prior to such Renewal Date.

Employment Term. The Company agrees to employ the Employee and the Employee agrees to accept such employment, in accordance with the terms and conditions of this Agreement, for the period beginning on the date of this Agreement and ending as of the close of business on December 31, 2017 2004 (such period together with all extensions thereof are referred to hereinafter as the "“Employment Term"”); provided, however, that commencing on January 1, 20182005, and on each January 1 thereafter (each such date shall be hereinafter referred to as a "“Renewal Date"”), the Employment Term shall be extended so as to terminate one year from such Renewal Date if (i) the Company notifies the Employee in writing of such extension at least thirty days prior to such Renewal Date and (ii) the Employee has not previously given the Company written notice that the Employment Term shall not be so extended. In the event that the Company gives the Employee written notice at any time of its intention not to renew the Employment Term, then the Employment Term shall terminate on December 31 of the year in which such notice of non-renewal is given and shall not thereafter be further extended. If the Company fails to notify the Employee at least thirty days prior to a Renewal Date either of its intention to extend the Employment Term as provided above or its intention not to so extend the Employment Term, then the Employment Term shall not be extended and shall terminate as of the day prior to such Renewal Date.

Employment Term. The Company agrees hereby continues to employ the Employee Executive, and the Employee agrees to accept such Executive hereby accepts continued employment, in accordance with under the terms and conditions of this Agreementhereof, for the period (the “Term”) beginning on the date Effective Date and terminating upon the earlier of this Agreement and ending as of the close of business on December 31, 2017 (such period together with all extensions thereof are referred to hereinafter as the "Employment Term"); provided, however, that commencing on January 1, 2018, and on each January 1 thereafter (each such date shall be hereinafter referred to as a "Renewal Date"), the Employment Term shall be extended so as to terminate one year from such Renewal Date if (i) the Company notifies second anniversary of the Employee in writing of such extension at least thirty days prior to such Renewal Effective Date (the “Initial Term”) and (ii) the Employee has not previously given Date of Termination as defined in Section 1(j). The Company may, in its sole discretion, extend the Company written notice that the Employment Term shall not be so extended. In the event that the Company gives the Employee written notice at any time term of its intention not to renew the Employment Term, then the Employment Term shall terminate on December 31 of the year in which such notice of non-renewal is given and shall not thereafter be further extendedthis Agreement for additional one (1)-year periods. If the Company fails to notify the Employee provide Executive with at least thirty days one hundred eighty (180) days’ notice prior to the end of the Initial Term or any extension thereof of the Company’s intent to not renew this Agreement (the “Non-renewal Notice”), the Initial Term or any previous extension thereof shall be extended one day for each day past the one hundred eightieth (180th) day prior to the end of the Initial Term or any extension thereof on which a Renewal Date either of its intention Non-renewal Notice is not provided; provided that, if the Company fails to provide any Non-renewal Notice and does not extend the Employment Term as provided above or its intention not to so extend the Employment Term, then the Employment Term shall not be extended and shall terminate term of this Agreement as of the last day prior of the Initial Term or any extension thereof, the Non-renewal Notice shall be deemed to such Renewal Datehave been given to Executive on the last day of the term of this Agreement.

Employment Term. The Company agrees to employ the Employee and the Employee agrees to accept such employment, in accordance with the terms and conditions of this Agreement, for the period beginning on the date of this Agreement and ending as of the close of business on December 31, 2017 2001 (such period together with all extensions thereof are referred to hereinafter as the "Employment Term"); provided, however, that commencing on January 1, 20182002, and on each January 1 thereafter (each such date shall be hereinafter referred to as a "Renewal Date"), the Employment Term shall be extended so as to terminate one year from such Renewal Date if (i) the Company notifies the Employee in writing of such extension at least thirty days prior to such Renewal Date and (ii) the Employee has not previously given the Company written notice that the Employment Term shall not be so extended. In the event that the Company gives the Employee written notice at any time of its intention not to renew the Employment Term, then the Employment Term shall terminate on December 31 of the year in which such notice of non-renewal is given and shall not thereafter be further extended. If the Company fails to notify the Employee at least thirty days prior to a Renewal Date either of its intention to extend the Employment Term as provided above or its intention not to so extend the Employment Term, then the Employment Term shall not be extended and shall terminate as of the day prior to such Renewal Date.

Employment Term. The Company agrees hereby continues to employ the Employee Executive, and the Employee agrees to accept such Executive hereby accepts continued employment, in accordance with under the terms and conditions of this Agreementhereof, for the period (the “Term”) beginning on the date Effective Date and terminating upon the earlier of this Agreement and ending as of the close of business on December 31, 2017 (such period together with all extensions thereof are referred to hereinafter as the "Employment Term"); provided, however, that commencing on January 1, 2018, and on each January 1 thereafter (each such date shall be hereinafter referred to as a "Renewal Date"), the Employment Term shall be extended so as to terminate one year from such Renewal Date if (i) the Company notifies third anniversary of the Employee in writing of such extension at least thirty days prior to such Renewal Effective Date (the “Initial Term”) and (ii) the Employee has not previously given Date of Termination as defined in Section 1(j). The Company may, in its sole discretion, extend the Company written notice that the Employment Term shall not be so extended. In the event that the Company gives the Employee written notice at any time term of its intention not to renew the Employment Term, then the Employment Term shall terminate on December 31 of the year in which such notice of non-renewal is given and shall not thereafter be further extendedthis Agreement for additional one (1)-year periods. If the Company fails to notify the Employee provide Executive with at least thirty days one hundred eighty (180) days’ notice prior to the end of the Initial Term or any extension thereof of the Company’s intent to not renew this Agreement (the “Non-renewal Notice”), the Initial Term or any previous extension thereof shall be extended one day for each day past the one hundred eightieth (180th) day prior to the end of the Initial Term or any extension thereof on which a Renewal Date either of its intention Non-renewal Notice is not provided; provided that, if the Company fails to provide any Non-renewal Notice and does not extend the Employment Term as provided above or its intention not to so extend the Employment Term, then the Employment Term shall not be extended and shall terminate term of this Agreement as of the last day prior of the Initial Term or any extension thereof, the Non-renewal Notice shall be deemed to such Renewal Datehave been given to Executive on the last day of the term of this Agreement.

Employment Term. The Company agrees to employ the Employee pursuant to the terms of this Agreement, and the Employee agrees to accept such employmentbe so employed, in accordance with the terms and conditions of this Agreement, for from the period beginning on the date of this Agreement and ending commencing as of the close of business Effective Date and ending on December 31, 2017 2013 (such period together with all extensions thereof are referred the “Initial Term”). Notwithstanding anything herein to hereinafter the contrary, the Employee agrees that he shall not terminate this Agreement prior to the Effective Date. In addition, prior to the Effective Date, the Employee shall agree to cooperate and permit the Company to use 1 his name in regulatory filings that he has approved, which approval shall not unreasonably be withheld or delayed. Upon the expiration of the Initial Term and each Renewal Term (as defined below), as the "Employment case may be, the term of this Agreement shall be automatically extended for successive one-year periods (each, a “Renewal Term"”); , provided, however, that commencing on January 1, 2018, and on each January 1 thereafter (each such date shall be hereinafter referred either party hereto may elect not to as a "Renewal Date"), extend the Employment Term shall be extended so as term of this Agreement by giving written notice to terminate one year from such Renewal Date if (i) the Company notifies the Employee in writing of such extension other party at least thirty 90 days prior to such the expiration of the Initial Term or any Renewal Date and (ii) Term. Notwithstanding the Employee has not previously given foregoing, the Company written notice that the Employment Term shall not Employee’s employment hereunder may be so extended. In the event that the Company gives the Employee written notice earlier terminated at any time during the Initial Term or any Renewal Term in accordance with Section 8 hereof, subject to Section 9 hereof. The period of its intention not time between the Effective Date and the termination of the Employee’s employment hereunder for any reason shall be referred to renew herein as the “Employment Term.” For purposes of this Agreement, then “Effective Date” means the Employment Term shall terminate on December 31 of date upon which the year in which such notice of non-renewal Offering is given and shall not thereafter be further extended. If the Company fails to notify the Employee at least thirty days prior to a Renewal Date either of its intention to extend the Employment Term as provided above or its intention not to so extend the Employment Term, then the Employment Term shall not be extended and shall terminate as of the day prior to such Renewal Dateconsummated.

Employment Term. The Company agrees to employ the Employee and the Employee agrees to accept such employment, in accordance with the terms and conditions of this Agreement, for the period beginning on the date of this Agreement and ending as of the close of business on December 31, 2017 2019 (such period together with all extensions thereof are referred to hereinafter as the "Employment Term"); provided, however, that commencing on January 1, 20182020, and on each January 1 thereafter (each such date shall be hereinafter referred to as a "Renewal Date"), the Employment Term shall be extended so as to terminate one year from such Renewal Date if (i) the Company notifies the Employee in writing of such extension at least thirty days prior to such Renewal Date and (ii) the Employee has not previously given the Company written notice that the Employment Term shall not be so extended. In the event that the Company gives the Employee written notice at any time of its intention not to renew the Employment Term, then the Employment Term shall terminate on December 31 of the year in which such notice of non-renewal is given and shall not thereafter be further extended. If the Company fails to notify the Employee at least thirty days prior to a Renewal Date either of its intention to extend the Employment Term as provided above or its intention not to so extend the Employment Term, then the Employment Term shall not be extended and shall terminate as of the day prior to such Renewal Date.

Employment Term. The Company hereby agrees to employ Executive, and Executive hereby accepts employment with the Employee Company, in accordance with and subject to the Employee agrees terms and conditions set forth herein. The term of employment of Executive under this Agreement (the “Term”) shall be the period commencing on the Effective Date and ending on December 31, 2009, as may be extended in accordance with this Section and subject to accept earlier termination in accordance with Section 5. The Term shall be extended automatically without further action by either party by one additional year (added to the end of the Term), and then on each succeeding annual anniversary thereafter (each such employmentinitial and succeeding year-long extension (if any), an “Extension Term”), unless either party shall have given written notice to the other party at least ninety (90) days prior to the date upon which such extension would otherwise have become effective electing not to further extend the Term (a “Nonrenewal Notice”), in which case Executive’s employment shall terminate on the date of expiration of the then current Term (whether it be the initial Term or the then current Extension Term), unless earlier terminated in accordance with Section 5. In the event that Executive’s employment terminates because either party shall have given timely a Nonrenewal Notice to the other party, in accordance with the terms preceding sentence, then, notwithstanding anything to the contrary set forth herein, Executive shall upon such termination be entitled to receive the compensation and conditions benefits set forth in Section 5(d) as if Executive’s employment had been terminated by the Company without Cause, or by Executive for Good Reason, as of this Agreement, for the period beginning on the date of expiration of the Term (including, as the case may be, the date of expiration of the Extension Term during which the Nonrenewal Notice is given). Except to the extent (if any) that the context specifically requires otherwise, references to the Term hereafter in this Agreement shall include the initial Term and ending as any Extension Term. It is intended that Executive’s previous term of employment with the close of business Company shall be included when calculating Executive’s tenure at the Company for all purposes; it being understood that for all such purposes Executive’s tenure at the Company commenced on December 31, 2017 (such period together with all extensions thereof are referred to hereinafter as the "Employment Term"); provided, however, that commencing on January August 1, 2018, and on each January 1 thereafter (each such date shall be hereinafter referred to as a "Renewal Date"), the Employment Term shall be extended so as to terminate one year from such Renewal Date if (i) the Company notifies the Employee in writing of such extension at least thirty days prior to such Renewal Date and (ii) the Employee has not previously given the Company written notice that the Employment Term shall not be so extended. In the event that the Company gives the Employee written notice at any time of its intention not to renew the Employment Term, then the Employment Term shall terminate on December 31 of the year in which such notice of non-renewal is given and shall not thereafter be further extended. If the Company fails to notify the Employee at least thirty days prior to a Renewal Date either of its intention to extend the Employment Term as provided above or its intention not to so extend the Employment Term, then the Employment Term shall not be extended and shall terminate as of the day prior to such Renewal Date1990.

Employment Term. The Company hereby agrees to employ the Employee Executive, and the Employee agrees to accept Executive hereby accepts such employment, in accordance with on the terms and conditions hereinafter set forth. The period of this Agreementemployment of the Executive by the Company hereunder (the "Employment Period") shall commence the date the Executive begins full-time employment with the Company (which is expected to be on August 14, for 2000, the period beginning "Effective Date") and shall end on the date Executive's Date of Termination (as defined in Section 7(b) hereof). The term of this Agreement (the "Term") shall begin on the Effective Date and ending as of the close of business shall end on December 31, 2017 (such period together with all extensions thereof are referred to hereinafter as the "Employment Term")2003 thereof; provided, howeverthat, that commencing on January 1, 20182002, and on each January 1 thereafter (each such date shall be hereinafter referred to as a "Renewal Date")thereafter, the Employment Term shall be extended so as for one additional year unless, prior to terminate one year from such Renewal Date if (i) December 1, 2001 with respect to the extension on January 1, 2002, and each December 1 thereafter with respect to each subsequent annual extension, the Company notifies or the Employee in writing of such extension at least thirty days prior to such Renewal Date and (ii) the Employee has Executive shall have given notice not previously given the Company written notice that the Employment Term shall not be so extended. In the event that the Company gives the Employee written notice at any time of its intention not to renew the Employment Term, then the Employment Term shall terminate on December 31 of the year in which such notice of non-renewal is given and shall not thereafter be further extended. If the Company fails to notify the Employee at least thirty days prior to a Renewal Date either of its intention to extend the Employment Term as provided above or its intention not Term." All capitalized terms in this Amendment 3 shall have the definition ascribed to so extend those terms in the Employment TermAgreement. The Employment Agreement continues in full foe and effect, then except as amended hereby. This Amendment 3 may be executed in counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the Employment Term shall not be extended and shall terminate same instrument. EXECUTED effective as of the day prior to such Renewal Date.and year first written above. Company: Executive:

Employment Term. The Company agrees to employ the Employee and the Employee agrees to accept such employment, in accordance with the terms and conditions of this Agreement, for the period beginning on the date of this Agreement and ending as of the close of business on December 31, 2017 2005 (such period together with all extensions thereof are referred to hereinafter as the "“Employment Term"”); provided, however, that commencing on January 1, 20182006, and on each January 1 thereafter (each such date shall be hereinafter referred to as a "“Renewal Date"”), the Employment Term shall be extended so as to terminate one year from such Renewal Date if (i) the Company notifies the Employee in writing of such extension at least thirty days prior to such Renewal Date and (ii) the Employee has not previously given the Company written notice that the Employment Term shall not be so extended. In the event that the Company gives the Employee written notice at any time of its intention not to renew the Employment Term, then the Employment Term shall terminate on December 31 of the year in which such notice of non-renewal is given and shall not thereafter be further extended. If the Company fails to notify the Employee at least thirty days prior to a Renewal Date either of its intention to extend the Employment Term as provided above or its intention not to so extend the Employment Term, then the Employment Term shall not be extended and shall terminate as of the day prior to such Renewal Date.

Employment Term. The Company agrees to employ the Employee and the Employee agrees to accept such employment, in accordance with the terms and conditions of this Agreement, for the period beginning on the date of this Agreement and ending as of the close of business on December 31, 2017 20___ (such period together with all extensions thereof are referred to hereinafter as the "Employment Term"); provided, however, that commencing on January 1, 201820___, and on each January 1 thereafter (each such date shall be hereinafter referred to as a "Renewal Date"), the Employment Term shall be extended so as to terminate one year from such Renewal Date if (ia) the Company notifies the Employee in writing of such extension at least thirty (30) days prior to such Renewal Date and (iib) the Employee has not previously given the Company written notice that the Employment Term shall not be so extended. In the event that the Company gives the Employee written notice at any time of its intention not to renew the Employment Term, then the Employment Term shall terminate on December 31 of the year in which such notice of non-renewal is given and shall not thereafter be further extended. If the Company fails to notify the Employee at least thirty (30) days prior to a Renewal Date either of its intention to extend the Employment Term as provided above or its intention not to so extend the Employment Term, then the Employment Term shall not be extended and shall terminate as of the day prior to such Renewal Date.

Employment Term. The Company agrees hereby continues to employ the Employee Executive, and the Employee agrees to accept such Executive hereby accepts continued employment, in accordance with under the terms and conditions of this Agreementhereof, for the period (the “Term”) beginning on the date Effective Date and terminating upon the earlier of this Agreement and ending as of the close of business on December 31, 2017 (such period together with all extensions thereof are referred to hereinafter as the "Employment Term"); provided, however, that commencing on January 1, 2018, and on each January 1 thereafter (each such date shall be hereinafter referred to as a "Renewal Date"), the Employment Term shall be extended so as to terminate one year from such Renewal Date if (i) the Company notifies second anniversary of the Employee in writing of such extension at least thirty days prior to such Renewal Effective Date (the “Initial Term”) and (ii) the Employee has not previously given Date of Termination as defined in Section 1(j). The Company may, in its sole discretion, extend the Company written notice that the Employment Term shall not be so extended. In the event that the Company gives the Employee written notice at any time term of its intention not to renew the Employment Term, then the Employment Term shall terminate on December 31 of the year in which such notice of non-renewal is given and shall not thereafter be further extendedthis Agreement for additional one (1)-year periods. If the Company fails to notify the Employee provide Executive with at least thirty days one hundred eighty (180) days’ notice prior to the end of the Initial Term or any extension thereof of the Company’s intent to not renew this Agreement (the “Non-renewal Notice”), the Initial Term or any previous extension thereof shall be extended one day for each day past the one hundred eightieth (180th) day prior to the end of the Initial Term or any extension thereof on which a Renewal Date either of its intention Non-renewal Notice is not provided; provided that, if the Company fails to provide any Non- renewal Notice and does not extend the Employment Term as provided above or its intention not to so extend the Employment Term, then the Employment Term shall not be extended and shall terminate term of this Agreement as of the last day prior of the Initial Term or any extension thereof, the Non-renewal Notice shall be deemed to such Renewal Datehave been given to Executive on the last day of the term of this Agreement.