Common use of Employment of Executive; Term Clause in Contracts

Employment of Executive; Term. The Company hereby employs Executive as Chief Executive Officer, Xxxxxxxx.xxx, and Executive hereby accepts such employment by the Company, under the terms of this Agreement. The initial term of employment hereunder (the “Initial Term”) shall commence as of the Effective Date and shall terminate on December 31, 2019; provided, however, that, as of the date on which the Initial Term expires and each anniversary thereof (each, a “Renewal Date”), such term of employment shall be extended for an additional year, unless either party gives at least 12 months’ written notice prior to such Renewal Date of its intention not to further extend such term (the Initial Term and each subsequent extension, collectively, the “Term”); and provided, further, that the Company may not give a notice of non-renewal of the Term during the two-year period following a Change in Control (as defined in the Company’s 2015 Equity Compensation Plan) (any such two-year period, a “Protected Period”) or in anticipation of a Change in Control. Notwithstanding the foregoing provisions of this Section 1, the Term shall automatically terminate upon a termination of Executive’s employment with the Company and its affiliates pursuant to Section 7 for any reason.

Employment of Executive; Term. The Company hereby employs Executive as President and Chief Executive Officer, Xxxxxxxx.xxx, and Executive hereby accepts such employment by the Company, under the terms of this Agreement. The initial term of employment hereunder (the “Initial Term”) shall commence as of the Effective Date and shall terminate on December 31, 2019; provided, however, that, as of the date on which the Initial Term expires and each anniversary thereof (each, a “Renewal Date”), such term of employment shall be extended for an additional year, unless either party gives at least 12 months’ written notice prior to such Renewal Date of its intention not to further extend such term (the Initial Term and each subsequent extension, collectively, the “Term”); and provided, further, that the Company may not give a notice of non-renewal of the Term during the two-year period following a Change in Control (as defined in the Company’s 2015 Equity Compensation Plan) (any such two-year period, a “Protected Period”) or in anticipation of a Change in Control. Notwithstanding the foregoing provisions of this Section 1, the Term shall automatically terminate upon a termination of Executive’s employment with the Company and its affiliates pursuant to Section 7 for any reason.

Employment of Executive; Term. The Company hereby employs Executive as Chief Executive Officer, Xxxxxxxx.xxxBankrate Credit Cards, and Executive hereby accepts such employment by the Company, under the terms of this Agreement. The initial term of employment hereunder (the “Initial Term”) shall commence as of the Effective Date and shall terminate on December 31, 2019; provided, however, that, as of the date on which the Initial Term expires and each anniversary thereof (each, a “Renewal Date”), such term of employment shall be extended for an additional year, unless either party gives at least 12 months’ written notice prior to such Renewal Date of its intention not to further extend such term (the Initial Term and each subsequent extension, collectively, the “Term”); and provided, further, that the Company may not give a notice of non-renewal of the Term during the two-year period following a Change in Control (as defined in the Company’s 2015 Equity Compensation Plan) (any such two-year period, a “Protected Period”) or in anticipation of a Change in Control. Notwithstanding the foregoing provisions of this Section 1, the Term shall automatically terminate upon a termination of Executive’s employment with the Company and its affiliates pursuant to Section 7 for any reason.

Employment of Executive; Term. The Company hereby employs Executive as Senior Vice President and Chief Executive Financial Officer, Xxxxxxxx.xxx, and Executive hereby accepts such employment by the Company, under the terms of this Agreement. The initial term of employment hereunder (the “Initial Term”) shall commence as of the Effective Date and shall terminate on December 31, 2019; provided, however, that, as of the date on which the Initial Term expires and each anniversary thereof (each, a “Renewal Date”), such term of employment shall be extended for an additional year, unless either party gives at least 12 months’ written notice prior to such Renewal Date of its intention not to further extend such term (the Initial Term and each subsequent extension, collectively, the “Term”); and provided, further, that the Company may not give a notice of non-renewal of the Term during the two-year period following a Change in Control (as defined in the Company’s 2015 Equity Compensation Plan) (any such two-year period, a “Protected Period”) or in anticipation of a Change in Control. Notwithstanding the foregoing provisions of this Section 1, the Term shall automatically terminate upon a termination of Executive’s employment with the Company and its affiliates pursuant to Section 7 for any reason.

Employment of Executive; Term. The Company hereby employs Executive as Chief Executive OfficerSenior Vice President, Xxxxxxxx.xxxGeneral Counsel, and Corporate Secretary, and Executive hereby accepts such employment by the Company, under the terms of this Agreement. The initial term of employment hereunder (the “Initial Term”) shall commence as of the Effective Date and shall terminate on December 31, 2019; provided, however, that, as of the date on which the Initial Term expires and each anniversary thereof (each, a “Renewal Date”), such term of employment shall be extended for an additional year, unless either party gives at least 12 months’ written notice prior to such Renewal Date of its intention not to further extend such term (the Initial Term and each subsequent extension, collectively, the “Term”); and provided, further, that the Company may not give a notice of non-renewal of the Term during the two-year period following a Change in Control (as defined in the Company’s 2015 Equity Compensation Plan) (any such two-year period, a “Protected Period”) or in anticipation of a Change in Control. Notwithstanding the foregoing provisions of this Section 1, the Term shall automatically terminate upon a termination of Executive’s employment with the Company and its affiliates pursuant to Section 7 for any reason.