Common use of Term and Renewal Clause in Contracts

Term and Renewal. The initial term of this Agreement shall end December 31, 2004. However, on each December 31, beginning with December 31, 2004, the term of this Agreement shall be renewed and extended by one year unless Employee or the Corporation gives prior notice to the other in writing that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 3 contracts

Samples: Employment Agreement (Eagle Financial Services Inc), Note (Eagle Financial Services Inc), Note (Eagle Financial Services Inc)

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Term and Renewal. The initial term of this Agreement shall end December 31, 20042008. However, on each December 31, beginning with December 31, 20042007, the term of this Agreement shall be renewed and extended by one year unless Employee or the Corporation gives prior notice to the other in writing that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 3 contracts

Samples: Employment Agreement (Eastern Virginia Bankshares Inc), Employment Agreement (Eastern Virginia Bankshares Inc), Employment Agreement (Eastern Virginia Bankshares Inc)

Term and Renewal. The initial term of this Agreement shall end December 31, 2004. However, on each December 31, beginning with December 31, 2004, the term of this Agreement shall be renewed and extended by one year unless Employee or the Corporation gives 90 days prior notice to the other in writing that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 3 contracts

Samples: Employment Agreement (Eagle Financial Services Inc), Employment Agreement (Eagle Financial Services Inc), Employment Agreement (Eagle Financial Services Inc)

Term and Renewal. The initial term of this Agreement shall end on December 31, 20042021 unless earlier terminated as provided herein. However, on each December 31, beginning with 2021, and each December 31, 200431 thereafter, the term of this Agreement shall be renewed and extended by one year year, unless Employee or the Corporation gives prior notice to the other in writing writing, at least 90 days prior to the applicable December 31, that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 3 contracts

Samples: Employment Agreement (Eagle Financial Services Inc), Employment Agreement (Eagle Financial Services Inc), Employment Agreement (Eagle Financial Services Inc)

Term and Renewal. The initial term of this Agreement shall end December 31, 20042011. However, on each December 31, beginning with December 31, 20042011, the term of this Agreement shall be renewed and extended by one year unless Employee or the Corporation gives prior notice to the other in writing that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 2 contracts

Samples: Employment Agreement (Eagle Financial Services Inc), Employment Agreement (Eastern Virginia Bankshares Inc)

Term and Renewal. The initial term of this Agreement shall end December 31, 20042017. However, on each December 31, beginning with December 31, 20042017, the term of this Agreement shall be renewed and extended by one year unless Employee or the Corporation gives prior notice to the other in writing that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 2 contracts

Samples: Employment Agreement (Eagle Financial Services Inc), Employment Agreement (Eagle Financial Services Inc)

Term and Renewal. The initial term of this Agreement shall end December 31, 2004. However, on each December 31, beginning with December 31, 20042003, the term of this Agreement shall be renewed and extended by one year unless Employee or the Corporation gives prior notice to the other in writing that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 2 contracts

Samples: Employment Agreement (Eastern Virginia Bankshares Inc), Employment Agreement (Eastern Virginia Bankshares Inc)

Term and Renewal. The initial term of this Agreement shall end on December 31, 20042005. However, on January 1, 2004 and each December 31, beginning with December 31, 2004, day thereafter the term of this Agreement shall be renewed and extended by one year unless Employee or the Corporation gives prior notice to notifies the other in writing writing, 90 days prior to termination, that the term shall not be renewed and extended. This Agreement shall terminate at the end of twenty-four (24) months after a party gives notice not to renew and extend its term.

Appears in 2 contracts

Samples: Employment Agreement (Eagle Financial Services Inc), Note (Eagle Financial Services Inc)

Term and Renewal. The initial term of this Agreement shall end on December 31, 20042020 unless earlier terminated as provided herein. However, on each December 31, beginning with 2020, and each December 31, 200431 thereafter, the term of this Agreement shall be renewed and extended by one year year, unless Employee or the Corporation gives prior notice to the other in writing writing, at least 90 days prior to the applicable December 31, that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 2 contracts

Samples: Employment Agreement (Eagle Financial Services Inc), Employment Agreement (Eagle Financial Services Inc)

Term and Renewal. The initial term of this Agreement shall end on December 31, 20042021, unless earlier terminated as provided herein. However, on each December 31, beginning with 2021 and each December 31, 200431 thereafter, the term of this Agreement shall be renewed and extended by one year year, unless Employee or the Corporation gives prior notice to the other in writing writing, at least 90 days prior to the applicable December 31, that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 1 contract

Samples: Employment Agreement (Eagle Financial Services Inc)

Term and Renewal. The initial term of this Agreement shall end December 31, 20042007. However, on each December 31, beginning with December 31, 20042007, the term of this Agreement shall be renewed and extended by one year unless Employee or the Corporation gives 90 days prior notice to the other in writing that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 1 contract

Samples: Employment Agreement (Eagle Financial Services Inc)

Term and Renewal. The initial term of this Agreement shall end December 31, 20042007. However, on each December 31, beginning with December 31, 2004, the term of this Agreement shall be renewed and extended by one year unless Employee or the Corporation gives prior notice to the other in writing that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 1 contract

Samples: Employment Agreement (Eastern Virginia Bankshares Inc)

Term and Renewal. The initial term of this Agreement shall end on December 31, 20042005. However, on January 1, 2003 and each December 31, beginning with December 31, 2004, day thereafter the term of this Agreement shall be renewed and extended by one year day unless Employee or the Corporation gives prior notice to notifies the other in writing that the term shall not be renewed and extended. This Agreement shall terminate at the end of thirty-six (36) months after a party gives notice not to renew and extend its term.

Appears in 1 contract

Samples: Employment Agreement (Eastern Virginia Bankshares Inc)

Term and Renewal. The initial term of this Agreement shall end December 31, 20042006. However, on each December 31, beginning with December 31, 2004, the term of this Agreement shall be renewed and extended by one year unless Employee or the Corporation gives prior notice to the other in writing that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 1 contract

Samples: Employment Agreement (Eastern Virginia Bankshares Inc)

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Term and Renewal. The initial term of this Agreement shall end on December 31, 20042022 unless earlier terminated as provided herein. However, on each December 31, beginning with 2022, and each December 31, 200431 thereafter, the term of this Agreement shall be renewed and extended by one year year, unless Employee or the Corporation gives prior notice to the other in writing writing, at least 90 days prior to the applicable December 31, that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 1 contract

Samples: Employment Agreement (Eagle Financial Services Inc)

Term and Renewal. The initial term of this Agreement shall end on December 31, 20042021, unless earlier terminated as provided herein. However, on each December 31, beginning with 2021 and each December 31, 200431 thereafter, the term of this Agreement shall be renewed and extended by one year year, unless Employee or the Corporation gives prior notice to the other in writing writing, 90 days prior to termination, that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 1 contract

Samples: Employment Agreement (Eagle Financial Services Inc)

Term and Renewal. The initial term of this Agreement shall end December 31, 20042006. However, on each December 31, beginning with December 31, 20042005, the term of this Agreement shall be renewed and extended by one year unless Employee or the Corporation gives prior notice to the other in writing that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 1 contract

Samples: Employment Agreement (Eastern Virginia Bankshares Inc)

Term and Renewal. The initial term of this Agreement shall end December 31, 20042013. However, on each December 31, beginning with December 31, 20042013, the term of this Agreement shall be renewed and extended by one year unless Employee or the Corporation gives prior notice to the other in writing that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 1 contract

Samples: Employment Agreement (Eagle Financial Services Inc)

Term and Renewal. The initial term of this Agreement shall end on December 31, 20042005. However, on February 1, 2003 and each December 31, beginning with December 31, 2004, day thereafter the term of this Agreement shall be renewed and extended by one year day unless Employee or the Corporation gives prior notice to notifies the other in writing that the term shall not be renewed and extended. This Agreement shall terminate at the end of thirty-six (36) months after a party gives notice not to renew and extend its term.

Appears in 1 contract

Samples: Employment Agreement (Eastern Virginia Bankshares Inc)

Term and Renewal. The initial term of this Agreement shall end December 31, 20042015. However, on each December 31, beginning with December 31, 20042015, the term of this Agreement shall be renewed and extended by one year unless Employee or the Corporation gives prior notice to the other in writing that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 1 contract

Samples: Employment Agreement (Eagle Financial Services Inc)

Term and Renewal. The initial term of this Agreement shall end December 31, 20042016. However, on each December 31, beginning with December 31, 20042016, the term of this Agreement shall be renewed and extended by one year unless Employee or the Corporation gives prior notice to the other in writing at least thirty days prior to the end of the term that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 1 contract

Samples: Employment Agreement (Eastern Virginia Bankshares Inc)

Term and Renewal. The initial term of this Agreement shall end on December 31, 20042024 unless earlier terminated as provided herein. However, on each December 31, beginning with 2022, and each December 31, 200431 thereafter, the term of this Agreement shall be renewed and extended by one year year, unless Employee or the Corporation gives prior notice to the other in writing writing, at least 90 days prior to the applicable December 31, that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 1 contract

Samples: Employment Agreement (Eagle Financial Services Inc)

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