Common use of Automatic Extensions Clause in Contracts

Automatic Extensions. The Term of this Agreement shall be extended for an additional 12 months beginning on the first anniversary of the Effective Date and on each successive anniversary unless either party provides the other with at least 30 days prior written notice, or unless the contract has been terminated by the parties in accordance with the provisions of Section 7 of this Agreement. The period of time from the Effective Date until the termination date shall be the "Term."

Appears in 5 contracts

Samples: Employment Agreement (Petroleum Development Corp), Employment Agreement (Petroleum Development Corp), Employment Agreement (Petroleum Development Corp)

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Automatic Extensions. The Term of this Agreement shall will be extended for an additional 12 twelve (12) months beginning on the first anniversary of the Effective Date December 31, 2008 and on each successive anniversary December 31 unless either party provides the other with at least 30 thirty (30) days prior written notice, or unless the contract has been terminated by the parties in accordance with the provisions of Section 7 of this Agreement. The period of time from the Effective Date until the termination date shall Termination Date, as defined in Section 7.b., will be the "Term."

Appears in 4 contracts

Samples: Employment Agreement (Petroleum Development Corp), Employment Agreement (Petroleum Development Corp), Employment Agreement (Petroleum Development Corp)

Automatic Extensions. The Term of this Agreement shall be extended for an additional 12 months beginning on the first anniversary of the Effective Date December 31, 2010 and on each successive anniversary December 31 unless either party provides the other with at least 30 thirty (30) days prior written noticenotice of its non-renewal for an additional twelve (12) months (the “Non-Renewal Notice”), or unless the contract Agreement has otherwise been terminated by the parties in accordance with the provisions of Section 7 of this Agreement. The period of time from the Effective Date until the termination date Termination Date, as defined in Section 7.b., shall be the "Term."

Appears in 2 contracts

Samples: Employment Agreement (Petroleum Development Corp), Employment Agreement (Petroleum Development Corp)

Automatic Extensions. The Term of this Agreement shall will be extended for an additional 12 twelve (12) months beginning on the first anniversary of the Effective Date December 31, 2010 and on each successive anniversary December 31 unless either party provides the other with at least 30 thirty (30) days prior written noticenotice of its non-renewal for an additional twelve (12) months (the "Non-Renewal Notice"), or unless the contract Agreement has otherwise been terminated by the parties in accordance with the provisions of Section 7 of this Agreement. The period of time from the Effective Date until the termination date shall Termination Date, as defined in Section 7.b., will be the "Term."

Appears in 1 contract

Samples: Employment Agreement (Petroleum Development Corp)

Automatic Extensions. The Term of this Agreement shall be extended for an additional 12 months beginning on the first anniversary of the Effective Date December 31, 2009 and on each successive anniversary December 31 unless either party provides the other with at least 30 days prior written notice, or unless the contract has been terminated by the parties in accordance with the provisions of Section 7 6 of this Agreement. The period of time from the Effective Date until the termination date Termination Date, as defined in Section 6b., shall be the "Term."

Appears in 1 contract

Samples: Employment Agreement (Petroleum Development Corp)

Automatic Extensions. The Term of this Agreement shall be extended for an additional 12 months beginning on the first anniversary of the Effective Date December 31, 2009 and on each successive anniversary December 31 unless either party provides the other with at least 30 thirty (30) days prior written notice, or unless the contract has been terminated by the parties in accordance with the provisions of Section 7 of this Agreement. The period of time from the Effective Date until the termination date Termination Date, as defined in Section 7.b., shall be the "Term."

Appears in 1 contract

Samples: Employment Agreement (Petroleum Development Corp)

Automatic Extensions. The Term of this Agreement shall be extended for an additional 12 months beginning on the first anniversary of the Effective Date December 31, 2020 and on each successive anniversary December 31 unless either party provides the other with at least 30 thirty (30) days prior written noticenotice of its non-renewal for an additional twelve (12) months (the “Non-Renewal Notice”), or unless the contract Agreement has otherwise been terminated by the parties in accordance with the provisions of Section 7 of this Agreement. The period of time from the Effective Date until the termination date Termination Date, as defined in Section 7.b., shall be the "Term."

Appears in 1 contract

Samples: Employment Agreement (PDC Energy, Inc.)

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Automatic Extensions. The Term of this Agreement shall be extended for an additional 12 months beginning on the first anniversary of the Effective Date December 31, 2010 and on each successive anniversary December 31 unless either party provides the other with at least 30 thirty (30) days prior written noticenotice of its non-renewal for an additional twelve (12) months (the "Non-Renewal Notice"), or unless the contract Agreement has otherwise been terminated by the parties in accordance with the provisions of Section 7 of this Agreement. The period of time from the Effective Date until the termination date Termination Date, as defined in Section 7.b., shall be the "Term."

Appears in 1 contract

Samples: Employment Agreement (Petroleum Development Corp)

Automatic Extensions. The Term of this Agreement shall be extended for an additional 12 months beginning on the first anniversary of the Effective Date December 31, 2007 and on each successive anniversary December 31 unless either party provides the other with at least 30 days prior written notice, or unless the contract has been terminated by the parties in accordance with the provisions of Section 7 of this Agreement. The period of time from the Effective Date until the termination date Termination Date, as defined in Section 7b., shall be the "Term."

Appears in 1 contract

Samples: Employment Agreement (Petroleum Development Corp)

Automatic Extensions. The Term of this Agreement shall will be extended for an additional 12 twelve (12) months beginning on the first anniversary of the Effective Date December 31, 2010 and on each successive anniversary December 31 unless either party provides the other with at least 30 thirty (30) days prior written noticenotice of its non-renewal for an additional twelve (12) months (the “Non-Renewal Notice”), or unless the contract Agreement has been terminated by the parties in accordance with the provisions of Section 7 of this Agreement. The period of time from the Effective Date until the termination date shall Termination Date, as defined in Section 7.b., will be the "Term."

Appears in 1 contract

Samples: Employment Agreement (Petroleum Development Corp)

Automatic Extensions. The Term of this Agreement shall be extended for an additional 12 months beginning on the first anniversary of the Effective Date December 31, 2008 and on each successive anniversary December 31 unless either party provides the other with at least 30 thirty (30) days prior written notice, or unless the contract has been terminated by the parties in accordance with the provisions of Section 7 of this Agreement. The period of time from the Effective Date until the termination date Termination Date, as defined in Section 7.b., shall be the "Term."

Appears in 1 contract

Samples: Employment Agreement (Petroleum Development Corp)

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