Common use of Employment and Term of Employment Clause in Contracts

Employment and Term of Employment. (a) Subject to the terms of this Agreement, the employment term hereunder will commence as of the Effective Date and continue through December 31, 2024. So long as the Executive is then employed by the Company, the Company and the Executive agree to begin discussions concerning the renewal of this Agreement in the second calendar quarter of 2024, with the objective of reaching a final agreement regarding such renewal by the end of December 2024. Absent the receipt by either party from the other party of a notice not to renew this Agreement as provided in Section 1(b) below (and so long as the Executive has remained employed by the Company hereunder), the term of this Agreement shall be automatically extended from December 31, 2024 through April 15, 2025 to allow for the parties to reach a final agreement regarding the renewal described in the preceding sentence. (b) Either the Company or the Executive may provide the other with prior written notice of its or his desire not to renew this Agreement, delivered in accordance with Section 20 (“Notice”) at least ninety (90) days in advance of January 1, 2025, in which case this Agreement shall terminate at 11:59 p.m. on December 31, 2024 and the Executive shall receive the compensation set forth in Section 7(e) below. (c) Notwithstanding anything to the contrary in this Section 1, either the Company or the Executive may terminate the Executive’s employment with the Company at any time, subject to the terms and conditions of Section 7 hereof. (d) The term that the Executive is employed hereunder (as it may be extended and/or renewed) is referred to herein as the “Term.”

Employment and Term of Employment. (a) Subject to the terms of this Agreement, the employment term hereunder will commence as of January 1, 2019 (the “Effective Date Date”) and continue through December 31, 20242021. So long as the Executive is then employed by the Company, the Company and the Executive agree to begin discussions concerning the renewal of this Agreement in the second calendar quarter of 20242021, with the objective of reaching a final agreement regarding such renewal by the end of December 20242021. Absent the receipt by either party from the other party of a notice not to renew this Agreement as provided in Section 1(b) below (and so long as the Executive has remained employed by the Company hereunder), the term of this Agreement shall be automatically extended from December 31, 2024 2021 through April 15, 2025 2022 to allow for the parties to reach a final agreement regarding the renewal described in the preceding sentencefinalization of new short-term and long-term incentive payment plans. (b) Either the Company or the Executive may provide the other with prior written notice of its or his desire not to renew this Agreement, delivered in accordance with Section 20 (“Notice”) at least ninety (90) days in advance of January 1, 20252022, in which case this Agreement shall terminate at 11:59 p.m. on December 31, 2024 2021 and the Executive shall receive the compensation set forth in Section 7(e) below. (c) Notwithstanding anything to the contrary in this Section 1, either the Company or the Executive may terminate the Executive’s employment with the Company at any time, subject to the terms and conditions of Section 7 hereof. . (d) The term that the Executive is employed hereunder (as it may be extended and/or renewed) is referred to herein as the “Term.”

Employment and Term of Employment. (a) Subject to the terms of this Agreement, the employment term hereunder will commence as of January 1, 2019 (the “Effective Date Date”) and continue through December 31, 20242021. So long as the Executive is then employed by the Company, the Company and the Executive agree to begin discussions concerning the renewal of this Agreement in the second calendar quarter of 20242021, with the objective of reaching a final agreement regarding such renewal by the end of December 20242021. Absent the receipt by either party from the other party of a notice not to renew this Agreement as provided in Section 1(b) below (and so long as the Executive has remained employed by the Company hereunder), the term of this Agreement shall be automatically extended from December 31, 2024 2021 through April 15, 2025 2022 to allow for the parties to reach a final agreement regarding the renewal described in the preceding sentencefinalization of new short-term and long-term incentive payment plans. (b) Either the Company or the Executive may provide the other with prior written notice of its or his her desire not to renew this Agreement, delivered in accordance with Section 20 (“Notice”) at least ninety (90) days in advance of January 1, 20252022, in which case this Agreement shall terminate at 11:59 p.m. on December 31, 2024 2021 and the Executive shall receive the compensation set forth in Section 7(e) below. (c) Notwithstanding anything to the contrary in this Section 1, either the Company or the Executive may terminate the Executive’s employment with the Company at any time, subject to the terms and conditions of Section 7 hereof. . (d) The term that the Executive is employed hereunder (as it may be extended and/or renewed) is referred to herein as the “Term.”

Employment and Term of Employment. (a) Subject to the terms of this Agreement, the employment term hereunder will commence as of on February 1, 2019 (the “Effective Date Date”) and continue through December 31, 20242021. So long as the Executive is then employed by the Company, the Company and the Executive agree to begin discussions concerning the renewal of this Agreement in the second calendar quarter of 20242021, with the objective of reaching a final agreement regarding such renewal by the end of December 20242021. Absent the receipt by either party from the other party of a notice not to renew this Agreement as provided in Section 1(b) below (and so long as the Executive has remained employed by the Company hereunder), the term of this Agreement shall be automatically extended from December 31, 2024 2021 through April 15, 2025 2022 to allow for the parties to reach a final agreement regarding the renewal described in the preceding sentencefinalization of new short-term and long-term incentive payment plans. (b) Either the Company or the Executive may provide the other with prior written notice of its or his desire not to renew this Agreement, delivered in accordance with Section 20 (“Notice”) at least ninety (90) days in advance of January 1, 20252022, in which case this Agreement shall terminate at 11:59 p.m. on December 31, 2024 2021 and the Executive shall receive the compensation set forth in Section 7(e) below. (c) Notwithstanding anything to the contrary in this Section 1, either the Company or the Executive may terminate the Executive’s employment with the Company at any time, subject to the terms and conditions of Section 7 hereof. . (d) The term that the Executive is employed hereunder (as it may be extended and/or renewed) is referred to herein as the “Term.”