Common use of Acceptance and Term of Employment Clause in Contracts

Acceptance and Term of Employment. The Company agrees to employ Employee and Employee agrees to serve the Company on the terms and conditions set forth herein. Unless earlier terminated pursuant to Section 7 hereof, the Term of Employment shall commence on the Commencement Date and shall continue until the first (1st) anniversary of the Commencement Date; provided, however, that the Term of Employment shall be extended automatically, without further action by either the Company or Employee, by one (1) additional year first on such anniversary of the Commencement Date, and on each subsequent anniversary of the Commencement Date thereafter, unless, not less than thirty (30) days prior to the end of the Term of Employment (including any prior extension thereof), either the Company or Employee shall have notified the other in writing of its intention not to further extend the Term of Employment (a "Non-Extension Notice").

Appears in 3 contracts

Samples: Employment Agreement (Renaissancere Holdings LTD), Employment Agreement (Renaissancere Holdings LTD), Employment Agreement (Renaissancere Holdings LTD)

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Acceptance and Term of Employment. The Company agrees to continue to employ Employee and Employee agrees to continue to serve the Company on the terms and conditions set forth herein. Unless earlier terminated pursuant to Section 7 8 hereof, the Term of Employment shall commence is the period which commenced on the Prior Commencement Date and shall continue continues until the first (1st) anniversary of the Commencement Date; provided, however, that the Term of Employment shall be extended automatically, without further action by either the Company or Employee, by one (1) additional year first on such anniversary of the Commencement Date, and on each subsequent anniversary of the Commencement Date thereafter, unless, not less than thirty (30) days prior to the end of the Term of Employment (including any prior extension thereof), either the Company or Employee shall have notified the other in writing of its intention not to further extend the Term of Employment (a "Non-Extension Notice").

Appears in 2 contracts

Samples: Employment Agreement (Renaissancere Holdings LTD), Employment Agreement (Renaissancere Holdings LTD)

Acceptance and Term of Employment. The Company agrees to continue to employ Employee Executive, and Employee Executive agrees to continue to serve the Company Company, on the terms and conditions set forth herein. Unless earlier terminated pursuant to Section 7 8 hereof, the Term of Employment shall commence is the period which commenced on the Commencement Date and shall continue continues until the first (1st) anniversary of the Commencement Date; provided, however, that the Term of Employment shall be extended automatically, without further action by either the Company or EmployeeExecutive, by one (1) additional year first on such anniversary of the Commencement Date, and on each subsequent anniversary of the Commencement Date thereafter, unless, not less than thirty ninety (3090) days prior to the end of the Term of Employment (including any prior extension thereof), either the Company or Employee Executive shall have notified the other in writing of its or Executive’s intention not to further extend the Term of Employment (a "Non-Extension Notice").

Appears in 2 contracts

Samples: Employment Agreement (Renaissancere Holdings LTD), Employment Agreement (Renaissancere Holdings LTD)

Acceptance and Term of Employment. The Company agrees to continue to employ Employee Executive, and Employee Executive agrees to continue to serve the Company Company, on the terms and conditions set forth herein. Unless earlier terminated pursuant to Section 7 8 hereof, the Term of Employment shall commence is the period which commenced on the Prior Commencement Date and shall continue continues until the first (1st) anniversary of the Commencement Date; provided, however, that the Term of Employment shall be extended automatically, without further action by either the Company or EmployeeExecutive, by one (1) additional year first on such anniversary of the Commencement Date, and on each subsequent anniversary of the Commencement Date thereafter, unless, not less than thirty (30) days prior to the end of the Term of Employment (including any prior extension thereof), either the Company or Employee Executive shall have notified the other in writing of its or Executive’s intention not to further extend the Term of Employment (a "Non-Extension Notice").

Appears in 1 contract

Samples: Employment Agreement (Renaissancere Holdings LTD)

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Acceptance and Term of Employment. The Company agrees to employ Employee and Employee agrees to serve the Company on the terms and conditions set forth herein. Unless earlier terminated pursuant to Section 7 8 hereof, the Term of Employment shall commence on the Commencement Date and shall continue until the first (1st) anniversary of the Commencement Date; provided, however, that the Term of Employment shall be extended automatically, without further action by either the Company or Employee, by one (1) additional year first on such anniversary of the Commencement Date, and on each subsequent anniversary of the Commencement Date thereafter, unless, not less than thirty (30) days prior to the end of the Term of Employment (including any prior extension thereof), either the Company or Employee shall have notified the other in writing of its intention not to further extend the Term of Employment (a "Non-Extension Notice").

Appears in 1 contract

Samples: Employment Agreement (Renaissancere Holdings LTD)

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