Common use of Employment and Employment Term Clause in Contracts

Employment and Employment Term. The Company shall employ Employee, and Employee shall serve the Company, for a term beginning on the date of this Agreement and ending on February 28, 2004, unless sooner terminated pursuant to the provisions of this Agreement (the "Initial Term"). Thereafter, this Agreement renews automatically for successive one (1) year terms unless either party provides ninety (90) days prior written notice to the other of its intent not to renew this Agreement (the Initial Term together with any renewal hereof, is the "Term").