Extension of Employment Period. Upon any Change in Control the Employment Period shall be immediately and without further action extended for a term of two (2) years following the Effective Date of the Change in Control and will expire at 12:00 o'clock midnight on the last day of the month following two (2) years after the Change in Control. Thereafter, the employment period will be extended for successive terms of one (1) year each, unless terminated, all in the manner specified in the Term of Employment Section pertaining to regular employment.
Extension of Employment Period. In the event FLIC has entered into an agreement to effect a transaction that would be considered a Change in Control during the Employment Period, the Employment Period shall be extended automatically for a period ending on, and including, the 30th day following the effective date of the Change in Control (to the extent the Employment Period would otherwise expire, without regard to the foregoing, prior to the completion of such period).
Extension of Employment Period. The Employment Period and term of this Agreement shall be immediately and without further action extended for a term of two (2) years following the effective date of the Change in Control and will expire at 12:00 o’clock midnight on the last day of the month following two (2) years after the Change in Control; provided, however, that if the Change in Control is solely on account of a Merger Protection Change in Control, the Employment Period and term of this Agreement shall be extended for one (1) year following the effective date of the Merger Protection Change in Control. Thereafter, the Employment Period and term of this Agreement will be extended for successive terms of one (1) year each, unless terminated, all in the manner specified in Section 3.03.
Extension of Employment Period. The Employment Period shall be extended for a period of six months, beginning on the date of this Extension, unless terminated earlier under the provisions of Section 5 (a) (ii) – (iii) or by execution of a new employment agreement by Company and Executive. The term “fifth anniversary” is amended to read “fifth anniversary plus six months” wherever it appears in the Agreement. In all other respects, the Agreement shall remain unamended.
Extension of Employment Period. 11 4.02 Change in Control Termination Payments & Benefits. . . . . . . . . . 11 4.03 Voluntary Resignation Upon Change in Control. . . . . . . . . . . . . 12
Extension of Employment Period. On the one year anniversary ------------------------------ of the date of this Agreement, and on each anniversary thereafter, the Employment Period shall be extended for an additional year, at the rate of compensation then in effect as determined pursuant to the provisions of Section 3(a) hereof, unless the Company or the Executive notifies the other in writing at least ninety (90) days prior to such anniversary of its or his election not to renew this Agreement.
Extension of Employment Period. In the event the Bank or the Company has entered into an agreement to effect a transaction that would be considered a Change in Control during the Employment Period (or the Extended Period if applicable), the Employment Period (or the Extended Period, if applicable) shall be extended automatically for a period ending on, and including, the 30th day following the effective date of the Change in Control (to the extent the Employment Period or the Extended Period would otherwise expire, without regard to the foregoing, prior to the completion of such period).
Extension of Employment Period. Commencing on the first Anniversary Date, ------------------------------ and on each Anniversary Date thereafter, if on or before that date the Company has not delivered to Executive, and Executive has not delivered to Company, a written notice that the Employment Period will not be extended, the Employment Period will be automatically extended for one (1) year from its then scheduled expiration date.
Extension of Employment Period. (a) The Employment Period and this Agreement shall be automatically extended for successive additional one year terms following the expiration of the Employment Period, unless either the Company or Executive notifies the other in writing at least 30 days before such expiration that the Employment Period and this Agreement shall not be so extended.
Extension of Employment Period. 9 4.02 Change in Control Termination Payments & Benefits............ 9 4.03 Voluntary Resignation Upon Change in Control................. 10 V. NON-COMPETITION AND CONFIDENTIALITY.......................... 10
