Common use of Term and Annual Renewal Clause in Contracts

Term and Annual Renewal. The initial term of this Agreement shall begin as of the Effective Date and shall continue for twelve (12) months. Commencing on the first September 1 following the Effective Date (the “Renewal Date”) and continuing on each Renewal Date thereafter, the term of this Agreement shall renew for an additional year so that the remaining term of this Agreement is twelve (12) months; provided, however, that the disinterested members of the Boards of Directors must take the following actions within the time frames set forth below prior to each Renewal Date: (1) at least 30 days prior to each Renewal Date, conduct or review a comprehensive performance evaluation of the Executive for purposes of determining whether to extend this Agreement; and (2) affirmatively approve the renewal or non-renewal of this Agreement, which decision shall be included in the minutes of the meeting of the Board of Directors. If the decision of the disinterested members of the Board of Directors is not to renew this Agreement, then the Board of Directors shall provide the Executive with a written notice of non-renewal (the “Non-Renewal Notice”) prior to any Renewal Date, and the term of this Agreement shall terminate at the end of the then remaining term. Reference herein to the term of this Agreement shall refer to both the initial term and any extended terms.

Term and Annual Renewal. The initial term of this Agreement shall begin as of the Effective Date and shall continue for twelve twenty-four (1224) months. Commencing on the first September 1 following anniversary date of the Effective Date (the “Renewal "Anniversary Date”") and continuing on each Renewal Anniversary Date thereafter, the term of this Agreement shall renew for an additional year so that the remaining term of this Agreement is twelve twenty-four (1224) months; provided, however, that the disinterested members of the Boards of Directors must take the following actions within the time frames set forth below prior to each Renewal Anniversary Date: (1) at least 30 days prior to each Renewal Anniversary Date, conduct or review a comprehensive performance evaluation of the Executive for purposes of determining whether to extend this Agreement; and (2) affirmatively approve the renewal or non-renewal of this Agreement, which decision shall be included in the minutes of the meeting of the Board of Directors. If the decision of the disinterested members of the Board of Directors is not to renew this Agreement, then the Board of Directors shall provide the Executive with a written notice of non-renewal (the “"Non-Renewal Notice”") prior to any Renewal Anniversary Date, and the term of this Agreement shall terminate at the end of the then remaining term. Reference herein to the term of this Agreement shall refer to both the initial term and any extended terms.

Term and Annual Renewal. The initial term of this Agreement shall begin as of the Effective Date and shall continue for twelve twenty-four (1224) months. Commencing on the first September 1 following the Effective Date 1, 2022 (the “Renewal Date”) and continuing on each Renewal Date thereafter, the term of this Agreement shall renew for an additional year so that the remaining term of this Agreement is twelve twenty-four (1224) months; provided, however, that the disinterested members of the Boards of Directors must take the following actions within the time frames set forth below prior to each Renewal Date: (1) at least 30 days prior to each Renewal Date, conduct or review a comprehensive performance evaluation of the Executive for purposes of determining whether to extend this Agreement; and (2) affirmatively approve the renewal or non-renewal of this Agreement, which decision shall be included in the minutes of the meeting of the Board of Directors. If the decision of the disinterested members of the Board of Directors is not to renew this Agreement, then the Board of Directors shall provide the Executive with a written notice of non-renewal (the “Non-Renewal Notice”) prior to any Renewal Date, and the term of this Agreement shall terminate at the end of the then remaining term. Reference herein to the term of this Agreement shall refer to both the initial term and any extended terms.”

Term and Annual Renewal. The initial term of this Agreement shall begin as of the Effective Date and shall continue for twelve continuefor twenty-four (1224) months. Commencing on the first September 1 following anniversary date of the Effective Date (the “Renewal "Anniversary Date”") and continuing on each Renewal Anniversary Date thereafter, the term of this Agreement shall renew for an additional year so that the remaining term of this Agreement is twelve twenty-four (1224) months; provided, however, that the disinterested members of the Boards of Directors must take the following actions within the time frames set forth below prior to each Renewal Anniversary Date: (1) at least 30 days prior to each Renewal Anniversary Date, conduct or review a comprehensive performance evaluation of the Executive for purposes of determining whether to extend this Agreement; and (2) affirmatively approve the renewal or non-renewal of this Agreement, which decision shall be included in the minutes of the meeting of the Board of Directors. If the decision of the disinterested members of the Board of Directors is not to renew this Agreement, then the Board of Directors shall provide the Executive with a written notice of non-renewal (the “"Non-Renewal Notice”") prior to any Renewal Anniversary Date, and the term of this Agreement shall terminate at the end of the then remaining term. Reference herein to the term of this Agreement shall refer to both the initial term and any extended terms.