Common use of Acceptance and Term of Employment Clause in Contracts

Acceptance and Term of Employment. The Company agrees to employ Executive, and Executive agrees to serve the Company, on the terms and conditions set forth herein. Unless sooner terminated as provided in Section 7 hereof, the Term of Employment shall commence on the Commencement Date and shall continue for the period ending one day prior to the third (3rd) anniversary of the Commencement Date. Subject to Section 7 hereof, the Term of Employment shall be extended automatically, without further action by either party, for successive periods of one additional year, on the third (3rd) anniversary of the Commencement Date and on each succeeding anniversary date thereafter unless, not later than ninety (90) days prior to the end of the Term of Employment (including any prior extension thereof), either the Company or Executive shall have notified the other in writing of his or its intention not to renew this Agreement. Upon notice of non-extension, Executive's employment hereunder shall terminate at the close of business on the last day of the Term of Employment.

Acceptance and Term of Employment. The Company agrees to employ Executive, and Executive agrees to serve the Company, on the terms and conditions set forth herein. Unless sooner terminated as provided in Section 7 hereof, the Term of Employment shall commence on the Commencement Date and shall continue for the period ending one day prior to the third second (3rd2nd) anniversary of the Commencement Date. Subject to Section 7 hereof, the Term of Employment shall be extended automatically, without further action by either party, for successive periods of one additional year, on the third second (3rd2nd) anniversary of the Commencement Date and on each succeeding anniversary date thereafter unless, not later than ninety (90) days prior to the end of the Term of Employment (including any prior extension thereof), either the Company or Executive shall have notified the other in writing of his or its intention not to renew this Agreement. Upon notice of non-extension, Executive's employment hereunder shall terminate at the close of business on the last day of the Term of Employment.

Acceptance and Term of Employment. 2.1 The Company agrees to employ Executive, and Executive agrees to serve the Company, on the terms and conditions set forth herein. Unless sooner terminated as provided in Section section 7 hereof, the Term of Employment shall commence on the Commencement Date and shall continue for the period ending one day prior to the third second (3rd2nd) anniversary of the Commencement Date. Subject to Section section 7 hereof, the Term of Employment shall be extended automatically, without further action by either party, for successive periods of one additional year, on the third second (3rd2nd) anniversary of the Commencement Date and on each succeeding anniversary date thereafter unless, not later than ninety (90) days prior to the end of the Term of Employment (including any prior extension thereof), either the Company or Executive shall have notified the other in writing of his or its intention not to renew this Agreement. Upon notice of non-extension, Executive's ’s employment hereunder shall terminate at the close of business on the last day of the Term of Employment.