Common use of Employment Term Clause in Contracts

Employment Term. The Company hereby agrees to continue to employ Executive, and Executive hereby agrees to continue to be employed with the Company, upon the terms and conditions contained in this Agreement. Executive’s employment with the Company pursuant to this Agreement shall commence on the Effective Date and shall continue until the third anniversary of the Effective Date (the “Initial Term”) unless earlier terminated pursuant to Section 8; provided, that the term of this Agreement shall automatically be extended for one (1) additional year commencing on the third anniversary of the Effective Date and on each anniversary thereafter (each, a “Renewal Term”) unless, not less than ninety (90) days prior to the commencement of any such Renewal Term, either party shall have given written notice to the other that it does not wish to extend this Agreement (a “Non-Renewal Notice”), in which case, Executive’s employment under this Agreement shall terminate upon the close of business on the last day of the Initial Term or the then-current Renewal Term, as applicable. The period during which Executive is employed by the Company pursuant to this Agreement is hereinafter referred to as the "Term."

Appears in 9 contracts

Samples: Employment Agreement (NCS Multistage Holdings, Inc.), Employment Agreement (NCS Multistage Holdings, Inc.), Employment Agreement (NCS Multistage Holdings, Inc.)

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Employment Term. The Company hereby agrees to continue employ the Employee pursuant to employ Executivethe terms of this Agreement, and Executive hereby the Employee agrees to continue to be employed with the Companyso employed, upon the terms and conditions contained in this Agreement. Executive’s employment with the Company pursuant to this Agreement shall commence on the Effective Date and shall continue until the third anniversary for a term of the Effective Date three years (the “Initial Term”) unless earlier terminated pursuant to Section 8; providedcommencing as of the Effective Date. Commencing with the last day of the Initial Term, that and on each subsequent anniversary of such date, the term of this Agreement shall be automatically be extended for one (1) additional successive one-year commencing on the third anniversary of the Effective Date and on each anniversary thereafter (eachperiods, a “Renewal Term”) unlessprovided, not less than ninety (90) days prior to the commencement of any such Renewal Termhowever, that either party shall have given hereto may elect not to extend this Agreement by giving written notice to the other that it does not wish party at least sixty (60) days prior to extend this Agreement (a “Non-Renewal Notice”)any such anniversary date. Notwithstanding the foregoing, in which case, Executivethe Employee’s employment under this Agreement shall terminate upon hereunder may be earlier terminated in accordance with Section 7 hereof, subject to Section 8 hereof. The period of time between the close of business on Effective Date and the last day end of the Initial Term and any successor terms (or earlier upon a termination of the thenEmployee’s employment hereunder) shall be referred to herein as the “Employment Term.” If the Employee’s employment continues following any expiration of the Employment Term due to either party giving notice not to extend this Agreement, such employment will be entirely “at-current Renewal Term, as applicable. The period during which Executive is employed will,” and will not be covered by the Company pursuant to this Agreement is hereinafter referred (except for the applicable restrictive covenant provisions, which are intended to survive expiration of this Agreement as the "Termset forth herein)."

Appears in 6 contracts

Samples: Employment Agreement (MedEquities Realty Trust, Inc.), Employment Agreement (MedEquities Realty Trust, Inc.), Employment Agreement (MedEquities Realty Trust, Inc.)

Employment Term. The Company hereby agrees to continue employ the Employee pursuant to employ Executivethe terms of this Agreement, and Executive hereby the Employee agrees to continue to be employed with the Companyso employed, upon the terms and conditions contained in this Agreement. Executive’s employment with the Company pursuant to this Agreement shall commence on the Effective Date and shall continue until the third anniversary for a term of the Effective Date three years (the “Initial Term”) unless earlier terminated pursuant to Section 8; providedcommencing as of the date hereof (the “Effective Date”). Commencing with the last day of the Initial Term, that and on each subsequent anniversary of such date, the term of this Agreement shall be automatically be extended for one (1) additional successive one-year commencing on the third anniversary of the Effective Date and on each anniversary thereafter (eachperiods, a “Renewal Term”) unlessprovided, not less than ninety (90) days prior to the commencement of any such Renewal Termhowever, that either party shall have given hereto may elect not to extend this Agreement by giving written notice to the other that it does not wish party at least sixty (60) days prior to extend this Agreement (a “Non-Renewal Notice”)any such anniversary date. Notwithstanding the foregoing, in which case, Executivethe Employee’s employment under this Agreement shall terminate upon hereunder may be earlier terminated in accordance with Section 7 hereof, subject to Section 8 hereof. The period of time between the close of business on Effective Date and the last day end of the Initial Term and any successor terms (or earlier upon a termination of the thenEmployee’s employment hereunder) shall be referred to herein as the “Employment Term.” If the Employee’s employment continues following any expiration of the Employment Term due to either party giving notice not to extend this Agreement, such employment will be entirely “at-current Renewal Term, as applicable. The period during which Executive is employed will,” and will not be covered by the Company pursuant to this Agreement is hereinafter referred (except for the applicable restrictive covenant provisions, which are intended to as survive expiration of the "TermAgreement in all cases)."

Appears in 4 contracts

Samples: Employment Agreement (Farmland Partners Inc.), Employment Agreement (Farmland Partners Inc.), Employment Agreement (Farmland Partners Inc.)

Employment Term. The Company hereby agrees to continue employ the Employee pursuant to employ Executivethe terms of this Agreement, and Executive hereby the Employee agrees to continue to be employed with the Companyso employed, upon the terms and conditions contained in this Agreement. Executive’s employment with the Company pursuant to this Agreement shall commence on the Effective Date and shall continue until the third anniversary for a term of the Effective Date three (3) years (the “Initial Term”) unless earlier terminated pursuant to Section 8; providedcommencing as of the Effective Date. Commencing with the last day of the Initial Term, that and on each subsequent anniversary of such date, the term of this Agreement shall be automatically be extended for one (1) additional successive one-year commencing on the third anniversary of the Effective Date and on each anniversary thereafter (eachperiods, a “Renewal Term”) unlessprovided, not less than ninety (90) days prior to the commencement of any such Renewal Termhowever, that either party shall have given hereto may elect not to extend this Agreement by giving written notice to the other that it does not wish party at least sixty (60) days prior to extend this Agreement (a “Non-Renewal Notice”)any such anniversary date. Notwithstanding the foregoing, in which case, Executivethe Employee’s employment under this Agreement shall terminate upon hereunder may be earlier terminated in accordance with Section 7 hereof, subject to Section 8 hereof. The period of time between the close of business on Effective Date and the last day end of the Initial Term and any successor terms (or earlier upon a termination of the thenEmployee’s employment hereunder) shall be referred to herein as the “Employment Term.” If the Employee’s employment continues following any expiration of the Employment Term due to either party giving notice not to extend this Agreement, such employment will be entirely “at-current Renewal Term, as applicable. The period during which Executive is employed will,” and will not be covered by the Company pursuant to this Agreement is hereinafter referred (except for the applicable restrictive covenant provisions, which are intended to as survive expiration of the "TermAgreement in all cases)."

Appears in 4 contracts

Samples: Employment Agreement (Farmland Partners Inc.), Employment Agreement (Farmland Partners Inc.), Employment Agreement (Farmland Partners Inc.)

Employment Term. The Company hereby agrees to continue continues to employ Executive, and Executive hereby agrees to continue to be employed with the Companyaccepts continued employment, upon under the terms and conditions contained in this Agreement. Executive’s employment with hereof, for the Company pursuant to this Agreement shall commence period (the “Term”) beginning on the Effective Date and shall continue until terminating upon the third earlier of (i) the fifth anniversary of the Effective Date (the “Initial Term”) unless earlier terminated pursuant to and (ii) the Date of Termination as defined in Section 8; provided1(j). The Company may, that in its sole discretion, extend the term of this Agreement shall automatically be extended for additional one (11)-year periods. If the Company fails to provide Executive with at least one hundred eighty (180) additional year commencing on the third anniversary of the Effective Date and on each anniversary thereafter (each, a “Renewal Term”) unless, not less than ninety (90) days days’ notice prior to the commencement end of the Initial Term or any such Renewal Term, either party shall have given written notice extension thereof of the Company’s intent to the other that it does not wish to extend renew this Agreement (a the “Non-Renewal renewal Notice”), in the Initial Term or any previous extension thereof shall be extended one day for each day past the one hundred eightieth (180th) day prior to the end of the Initial Term or any extension thereof on which casea Non-renewal Notice is not provided; provided that, Executive’s employment under if the Company fails to provide any Non-renewal Notice and does not extend the term of this Agreement shall terminate upon the close as of business on the last day of the Initial Term or any extension thereof, the thenNon-current Renewal Term, as applicable. The period during which renewal Notice shall be deemed to have been given to Executive is employed by on the Company pursuant to last day of the term of this Agreement is hereinafter referred to as the "TermAgreement."

Appears in 4 contracts

Samples: Employment Agreement (Charter Communications, Inc. /Mo/), Employment Agreement (Charter Communications, Inc. /Mo/), Employment Agreement (Charter Communications, Inc. /Mo/)

Employment Term. The Company hereby agrees to continue to employ Executive, and Executive hereby agrees to continue to be employed with the Company, upon ’s employment under the terms and conditions contained in this Agreement. Executive’s employment with the Company pursuant to of this Agreement shall commence on the Effective Date and Date. Such employment shall continue until the third anniversary of the Effective Date for an initial term ending on December 31, 2015 (the “Initial Term”) unless earlier terminated pursuant to Section 8; provided, that the term of this Agreement and shall be automatically be extended for one (1) additional year commencing on the third anniversary expiration of the Effective Date Initial Term and on each anniversary thereafter of the expiration of the Initial Term for an additional one-year term (each, a “Renewal Term”) unless). The Initial Term and any Renewal Terms are collectively referred to as the “Term” and the Term shall continue as described in the preceding sentence, not unless Executive or the Employer has given written notice to the other no less than ninety (90) days prior to the commencement expiration of any such Renewal Termthe Term that the Term shall not be so extended. Notwithstanding the above, either party the Term shall have given written notice to expire immediately upon the other that it does not wish to extend this Agreement (a “Non-Renewal Notice”), in which case, termination of Executive’s employment under this Agreement shall terminate pursuant to Section 6 hereof. For the avoidance of doubt, upon the close of business on the last day expiration of the Initial Term or the then-current Renewal Term, as applicablethe parties’ rights and obligations hereunder, other than with respect to the provisions set forth in Sections 5(d) and (e), 6, 7, 9 and 10(k) hereof, shall expire. The period during which Following the expiration of the Term, any continued employment of Executive is employed by the Company pursuant to this Agreement is hereinafter referred to as the "Termshall be deemed “at-will."

Appears in 4 contracts

Samples: Employment Agreement (Springleaf Holdings, Inc.), Employment Agreement (Springleaf Holdings, Inc.), Employment Agreement (Springleaf Finance Corp)

Employment Term. The Subject to the provisions of Section 4 of this Agreement, the Company hereby agrees to continue to employ Executive, Executive and Executive hereby agrees to continue to be employed with work in the employ of the Company, upon subject to the terms and conditions contained in of this Agreement. Executive’s employment with , for the Company pursuant to this Agreement shall commence period commencing on the Closing Date (the “Effective Date Date”) and shall continue until ending on the third last day of the month in which occurs the first (1st) anniversary of the Effective Date (the “Initial Employment Term”) unless earlier terminated pursuant to Section 8); provided, however, that upon any termination of the term of Merger Agreement in accordance with its terms, this Agreement shall automatically be extended for one (1) additional year commencing on the third anniversary of the Effective Date null and on each anniversary thereafter (each, a “Renewal Term”) unless, not less than ninety (90) days prior to the commencement of any such Renewal Term, either party shall have given written notice to the other that it does not wish to extend this Agreement (a “Non-Renewal Notice”), in which case, Executive’s employment under this Agreement shall terminate upon the close of business void. Commencing on the last day of the Initial Employment Term and each anniversary thereafter (each, an “Automatic Extension Date”), the Initial Employment Term shall be automatically extended for an additional one (1) year unless either the Company or Executive has given the other party prior written notice of the intention to not extend this Agreement not less than sixty (60) days before the Automatic Extension Date. The Initial Employment Term and any extensions thereof are referred to herein collectively as the “Employment Term.” So long as Executive’s employment has not been earlier terminated, then-current Renewal , upon the expiration of the Employment Term, as applicable. The period during which Executive is employed by shall be considered to be an employee of the Company pursuant to this Agreement is hereinafter referred to as the "Term“at will."

Appears in 3 contracts

Samples: Employment Agreement (Columbia Equity Trust, Inc.), Employment Agreement (Columbia Equity Trust, Inc.), Employment Agreement (Columbia Equity Trust, Inc.)

Employment Term. The Company hereby agrees to continue employ the Employee pursuant to employ Executivethe terms of this Agreement, and Executive hereby the Employee agrees to continue to be employed with the Companyso employed, upon the terms and conditions contained in this Agreement. Executive’s employment with the Company pursuant to this Agreement shall commence on the Effective Date and shall continue until the third anniversary for a term of the Effective Date three years (the “Initial Term”) unless earlier terminated pursuant to Section 8; providedcommencing as of the date hereof (the “Effective Date”). Commencing with the last day of the Initial Term, that and on each subsequent anniversary of such date, the term of this Agreement shall be automatically be extended for one (1) additional successive one-year commencing on the third anniversary of the Effective Date and on each anniversary thereafter (eachperiods, a “Renewal Term”) unlessprovided, not less than ninety (90) days prior to the commencement of any such Renewal Termhowever, that either party shall have given hereto may elect not to extend this Agreement by giving written notice to the other that it does not wish party at least sixty (60) days prior to extend this Agreement (a “Non-Renewal Notice”)any such anniversary date. Notwithstanding the foregoing, in which case, Executivethe Employee’s employment under this Agreement shall terminate upon hereunder may be earlier terminated in accordance with Section 7 hereof, subject to Section 8 hereof. The period of time between the close of business on Effective Date and the last day end of the Initial Term and any successor terms (or earlier upon a termination of the thenEmployee’s employment hereunder) shall be referred to herein as the “Employment Term.” If the Employee’s employment continues following any expiration of the Employment Term due to either party giving notice not to extend this Agreement, such employment will be entirely “at-current Renewal Term, as applicable. The period during which Executive is employed will,” and will not be covered by the Company pursuant to this Agreement is hereinafter referred (except for the applicable restrictive covenant provisions, which are intended to survive expiration of this Agreement as the "Termset forth herein)."

Appears in 3 contracts

Samples: Employment Agreement (MedEquities Realty Trust, Inc.), Employment Agreement (MedEquities Realty Trust, Inc.), Employment Agreement (MedEquities Realty Trust, Inc.)

Employment Term. The Company hereby agrees to continue employ the Employee pursuant to employ Executivethe terms of this Agreement, and Executive hereby the Employee agrees to continue to be employed with the Companyso employed, upon the terms and conditions contained in this Agreement. Executive’s employment with the Company pursuant to this Agreement shall commence on the Effective Date and shall continue until the third anniversary for a term of the Effective Date three (3) years (the “Initial Term”) unless earlier terminated pursuant to Section 8; providedcommencing as of the Effective Date. Commencing with the last day of the Initial Term, that and on each subsequent anniversary of such date, the term of this Agreement shall be automatically be extended for one (1) additional successive one-year commencing on the third anniversary of the Effective Date and on each anniversary thereafter (eachperiods, a “Renewal Term”) unlessprovided, not less than ninety (90) days prior to the commencement of any such Renewal Termhowever, that either party shall have given hereto may elect not to extend this Agreement by giving written notice to the other that it does not wish party at least sixty (60) days prior to extend this Agreement (a “Non-Renewal Notice”)any such anniversary date. Notwithstanding the foregoing, in which case, Executivethe Employee’s employment under this Agreement shall terminate upon hereunder may be earlier terminated in accordance with Section 7 hereof, subject to Section 8 hereof. The period of time between the close of business on Effective Date with the last day Company and the end of the Initial Term and any successor terms (or earlier upon a termination of the thenEmployee’s employment hereunder) shall be referred to herein as the “Employment Term.” If the Employee’s employment continues following any expiration of the Employment Term due to either party giving notice not to extend this Agreement, such employment will be entirely “at-current Renewal Term, as applicable. The period during which Executive is employed will,” and will not be covered by the Company pursuant to this Agreement is hereinafter referred (except for the applicable restrictive covenant provisions, which are intended to as survive expiration of the "TermAgreement in all cases)."

Appears in 2 contracts

Samples: Employment Agreement (Farmland Partners Inc.), Employment Agreement (Farmland Partners Inc.)

Employment Term. The Subject to the terms and provisions of this Agreement, the Company hereby agrees to continue to employ the Executive, and the Executive hereby agrees to continue be employed exclusively by the Company, for the period commencing on the date hereof and ending on the first anniversary of the date hereof (the "Initial Term"), unless terminated sooner or extended as hereinafter provided (the "Employment Term"). The Executive will not be permitted to be employed with the Company, upon the terms and conditions contained by or retain a partnership in this Agreementany other commercial business enterprise. Executive’s employment with Unless the Company pursuant or the Executive shall have given the other party written notice not less than 90 days prior to this Agreement shall commence on the Effective Date and shall continue until the third anniversary expiration of the Effective Date (the “Initial Term”) unless earlier terminated pursuant to Section 8; provided, Term that the term of this Agreement Initial Term shall not be extended, the Initial Term shall automatically be extended for one successive one-year periods (1each one-year period an "Additional Term") additional year commencing on the third anniversary of the Effective Date and on each anniversary thereafter (each, a “Renewal Term”) unless, not less than ninety (90) days prior to the commencement of any such Renewal Term, until either party shall have given the other party written notice not less than 90 days prior to the other expiration of any Additional Term that it does such Additional Term shall not wish be extended. If either party shall have elected not to extend this Agreement (a “Non-Renewal Notice”)the Initial Term or any Additional Term, in which case, Executive’s employment under this Agreement shall terminate upon the close expiration of business on the last day of the Initial Term or the then-current Renewal Termsuch term, unless terminated sooner as applicable. The period during which Executive is employed by the Company pursuant to this Agreement is hereinafter referred to as the "Termprovided."

Appears in 2 contracts

Samples: Employment Agreement (Sola International Inc), Employment Agreement (Sola International Inc)

Employment Term. The Company hereby agrees to continue to shall employ the Executive, and the Executive hereby agrees to continue to be employed with shall accept employment by the Company, upon the terms and conditions contained in provisions, and subject to the conditions, of this Agreement. The term of the Executive’s employment with hereunder shall commence on and as of the Company pursuant date hereof on terms and conditions reasonably satisfactory to this Agreement the Executive (the “Employment Date”). The term of the Executive’s employment hereunder shall commence on the Effective Employment Date and shall continue until terminate on the third fifth (5th) anniversary of the Effective Employment Date (as the same may be extended in accordance with this Section 1 or terminated earlier as provided in this Agreement, the “Initial Employment Term”) unless earlier terminated pursuant to Section 8; provided, that the term of this )). This Agreement shall automatically be extended renew for one successive two (12) additional year commencing on periods following the third anniversary of initial five (5) year Employment Term and any extensions thereof, if applicable, unless either party provides written notice to the Effective Date and on each anniversary thereafter (each, a “Renewal Term”) unless, other party not less than ninety (90) days prior to the commencement end of any such Renewal the then-existing Employment Term, either that such party shall have given written notice to the other that it does not wish desire the Employment Term to extend this Agreement (a “Non-Renewal Notice”)automatically renew, in which case, Executive’s employment under event this Agreement shall terminate upon the close as of business on the last day of the Initial Term or the then-current Renewal Term, as applicable. The period during which Executive is employed by the Company pursuant to this Agreement is hereinafter referred to as the "existing Employment Term."

Appears in 2 contracts

Samples: Employment Agreement (Pc Universe Inc), Employment Agreement (Pc Universe Inc)

Employment Term. The Company hereby agrees to continue employ the Executive pursuant to employ Executivethe terms of this Agreement, and the Executive hereby agrees to continue to be employed with the Companyso employed, upon the terms and conditions contained in this Agreement. Executive’s employment with the Company pursuant to this Agreement shall commence on the Effective Date and shall continue until the third anniversary for a term of the Effective Date three years (the “Initial Term”) unless earlier terminated pursuant to Section 8; provided, that commencing as of the term of this Agreement shall automatically be extended for one date hereof (1) additional year commencing on the third “Effective Date”). On each anniversary of the Effective Date and on each anniversary thereafter (eachfollowing the Initial Term, a “Renewal Term”) unlessthe term of the Agreement shall be automatically extended for successive one-year periods, provided, however, that either party hereto may elect not less than to extend this Agreement by giving written notice to the other party at least ninety (90) days prior to the commencement of any such Renewal anniversary date. Notwithstanding the foregoing, the Executive’s employment hereunder may be earlier terminated in accordance with Section 8 hereof, subject to Section 9 hereof. The period of time between the Effective Date and the termination of the Executive’s employment hereunder shall be referred to herein as the “Employment Term.” For the avoidance of doubt, either party following the Employment Term the Executive shall have given written notice continue to be subject to the other that it does not wish to extend this Agreement Restrictive Covenants (a “Non-Renewal Notice”as defined in Section 11), in which case, Executive’s employment under this Agreement shall terminate upon the close of business on the last day of the Initial Term or the then-current Renewal Term, as applicable. The period during which Executive is employed by the Company pursuant to this Agreement is hereinafter referred to as the "Termeach case in accordance with their terms."

Appears in 2 contracts

Samples: Employment Agreement (Commercial Vehicle Group, Inc.), Employment Agreement (Commercial Vehicle Group, Inc.)

Employment Term. The Company hereby agrees to continue to employ Executive, and Executive hereby agrees to continue to be employed with the Company, upon the terms and conditions contained in this Agreement. Executive’s employment with the Company pursuant to this Agreement shall commence on October 17, 2022 (the Effective Date “Appointment Date”) and shall continue until the third anniversary of the Effective Appointment Date (the “Initial Term”) unless earlier terminated pursuant to Section 8; provided, that the term of this Agreement shall automatically be extended for one (1) additional year commencing on the third anniversary of the Effective Appointment Date and on each anniversary thereafter (each, a “Renewal Term”) unless, not less than ninety (90) days prior to the commencement of any such Renewal Term, either party shall have given written notice to the other that it does not wish to extend this Agreement (a “Non-Renewal Notice”), in which case, Executive’s employment under this Agreement shall terminate upon the close of business on the last day of the Initial Term or the then-current Renewal Term, as applicable. The period during which Executive is employed by the Company pursuant to this Agreement is hereinafter referred to as the "Term."

Appears in 1 contract

Samples: Employment Agreement (NCS Multistage Holdings, Inc.)

Employment Term. The Company hereby agrees to continue to employ Executive, and Executive hereby agrees to continue to be employed with by the Company, upon the terms and conditions contained in this Agreement. Executive’s employment with the Company pursuant to this Agreement shall commence on May 21, 2018 (the Effective Date Date”) and shall continue until the third first anniversary of the Effective Date (the “Initial Term”) unless earlier terminated pursuant to Section 8; provided, that the term of this Agreement shall automatically be extended for one (1) additional year commencing on the third first anniversary of the Effective Date and on each anniversary thereafter (each, a “Renewal Term”) unless, not less than ninety (90) days prior to the commencement of any such Renewal Term, either party shall have given written notice to the other that it does not wish to extend this Agreement (a “Non-Renewal Notice”), in which case, Executive’s employment under this Agreement shall terminate upon the close of business on the last day of the Initial Term or the then-current Renewal Term, as applicable. The period during which Executive is employed by the Company pursuant to this Agreement is hereinafter referred to as the "Term."

Appears in 1 contract

Samples: Employment Agreement (Cardtronics PLC)

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Employment Term. The Company hereby agrees to continue employ the Employee pursuant to employ Executivethe terms of this Agreement, and Executive hereby the Employee agrees to continue to be employed with so employed, for a term commencing on March 1, 2024 (the Company, upon the terms “Effective Date”) and conditions contained in this Agreement. Executive’s employment with the Company pursuant to this Agreement shall commence ending on the Effective Date and shall continue until the third anniversary of the Effective Date (the “Initial TermExpiration Date) unless earlier terminated pursuant to Section 8; provided). On the Initial Expiration Date and on each anniversary thereof, that the term of this Agreement shall be automatically be extended for successive one (1) additional year commencing 1)-year periods; provided, however, that the Company, on the third anniversary of one hand, or the Effective Date and Employee, on each anniversary thereafter (eachthe other hand, a “Renewal Term”) unless, may elect not less than to extend this Agreement by giving written notice to the other party at least ninety (90) days prior to the commencement of any such Renewal Termanniversary date. Any termination of the Employee’s employment following expiration of the Employment Term as a result of non-extension by the Company shall be treated as a termination by the Company without Cause. Notwithstanding the foregoing, either party shall have given written notice the Employee’s employment hereunder may be earlier terminated in accordance with Section 6 hereof, subject to the other that it does not wish to extend this Agreement (a “Non-Renewal Notice”), in which case, Executive’s employment under this Agreement shall terminate upon the close provisions of business on the last day of the Initial Term or the then-current Renewal Term, as applicableSection 7 hereof. The period during which Executive is employed by of time between the Company pursuant to this Agreement is hereinafter Effective Date and the termination of the Employee’s employment hereunder shall be referred to herein as the "“Employment Term."

Appears in 1 contract

Samples: Employment Agreement (Macerich Co)

Employment Term. The Company hereby agrees to continue to employ Executive, and Executive hereby agrees to continue to be employed accept continued employment with the Company, upon the terms and conditions contained in this Agreement. Executive’s 's employment with the Company pursuant to this Agreement shall commence on the Effective Date and shall continue until the third anniversary of the Effective Date (the "Initial Term”) unless earlier terminated pursuant to Section 8"); provided, that the term of this Agreement shall automatically be extended for one (1) additional year commencing .commencing on the third anniversary of the Effective Date and on each anniversary thereafter (each, a "Renewal Term") unless, not less than ninety thirty (9030) days prior to the commencement of any such Renewal Term, either party shall have given written notice to the other that it does not wish to extend this Agreement (a "Non-Renewal Notice"), in which case, Executive’s 's employment under this Agreement shall terminate upon the close of business on the last day of the Initial Term or the then-current Renewal TermTenn, as applicable. The period during which Executive is employed by the Company pursuant to this Agreement is hereinafter referred to as the "Term."

Appears in 1 contract

Samples: Employment Agreement (Portillo's Inc.)

Employment Term. The Company hereby agrees to continue to employ Executive, and Executive hereby agrees to continue to be employed accept continued employment with the Company, upon the terms and conditions contained in this Agreement. Executive’s employment with the Company pursuant to this Agreement shall commence on the Effective Date and shall continue until the third anniversary of the Effective Date (the “Initial Term”) unless earlier terminated pursuant to Section 8); provided, that the term of this Agreement shall automatically be extended for one (1) additional year commencing on the third anniversary of the Effective Date and on each anniversary thereafter (each, a “Renewal Term”) unless, not less than ninety thirty (9030) days prior to the commencement of any such Renewal Term, either party shall have given written notice to the other that it does not wish to extend this Agreement (a “Non-Renewal Notice”), in which case, Executive’s employment under this Agreement shall terminate upon the close of business on the last day of the Initial Term or the then-current Renewal Term, as applicable. The period during which Executive is employed by the Company pursuant to this Agreement is hereinafter referred to as the "Term."

Appears in 1 contract

Samples: Employment Agreement (Portillo's Inc.)

Employment Term. The Company hereby agrees to continue to employ Executive, and Executive hereby agrees to continue to be employed with the Company, upon the terms and conditions contained in this Agreement. Executive’s employment with the Company pursuant to this Agreement shall commence be deemed to have commenced on May 17, 2021 (the Effective Date Date”) and shall continue until the third fourth (4th) anniversary of the Effective Date (the “Initial Term”) unless earlier terminated pursuant to Section 8; provided, that the term of this Agreement shall automatically be extended for one (1) additional year commencing on the third fourth anniversary of the Effective Date and on each anniversary thereafter (each, a “Renewal Term”) unless, not less than ninety (90) days prior to the commencement of any such Renewal Term, either party shall have given written notice to the other that it does not wish to extend this Agreement (a “Non-Renewal Notice”), in which case, Executive’s employment under this Agreement shall terminate upon the close of business on the last day of the Initial Term or the then-current Renewal Term, as applicable. The period during which Executive is employed by the Company pursuant to this Agreement is hereinafter referred to as the "Term."

Appears in 1 contract

Samples: Employment Agreement (Power & Digital Infrastructure Acquisition Corp.)

Employment Term. The Company hereby agrees to continue to employ Executive, and Executive hereby agrees to continue to be employed with the Company, upon the terms and conditions contained in this Agreement. Executive’s employment with the Company pursuant to this Agreement shall commence on the Effective Date and shall continue until the third anniversary of the Effective Date (the “Initial Term”) unless earlier terminated pursuant to Section 8; provided, that the term of this Agreement shall automatically be extended for one (1) additional year commencing on the third anniversary of the Effective Date and on each anniversary thereafter (each, a “Renewal Term”) unless, not less than ninety (90) days prior to the commencement of any such Renewal Term, either party shall have given written notice to the other that it does not wish to extend this Agreement (a “Non-Renewal Notice”), in which case, Executive’s employment under this Agreement shall terminate upon the close of business on the last day of the Initial Term or the then-current Renewal Term, as applicable. The period during which Executive is employed by the Company pursuant to this Agreement is hereinafter referred to as the "Term."

Appears in 1 contract

Samples: Employment Agreement (NCS Multistage Holdings, Inc.)

Employment Term. The Company hereby agrees to continue employ the Employee pursuant to employ Executivethe terms of this Agreement, and Executive hereby the Employee agrees to continue to be employed with the Companyso employed, upon the terms and conditions contained in this Agreement. Executive’s employment with the Company pursuant to this Agreement shall commence on the Effective Date and shall continue until the third anniversary of the Effective Date December 13, 2022 (the “Initial Term”) unless earlier terminated pursuant to Section 8; providedcommencing as of the Effective Date. Commencing with the last day of the Initial Term, that and on each subsequent anniversary of such date, the term of this Agreement shall be automatically be extended for one (1) additional successive one-year commencing on the third anniversary of the Effective Date and on each anniversary thereafter (eachperiods, a “Renewal Term”) unlessprovided, not less than ninety (90) days prior to the commencement of any such Renewal Termhowever, that either party shall have given hereto may elect not to extend this Agreement by giving written notice to the other that it does not wish party at least sixty (60) days prior to extend this Agreement (a “Non-Renewal Notice”)any such anniversary date. Notwithstanding the foregoing, in which case, Executivethe Employee’s employment under this Agreement shall terminate upon hereunder may be earlier terminated in accordance with Section 7 hereof, subject to Section 8 hereof. The period of time between the close of business on Effective Date and the last day end of the Initial Term and any successor terms (or earlier upon a termination of the then-current Renewal Employee’s employment hereunder) shall be referred to herein as the “Employment Term.” If the Employee’s employment continues following any expiration of the Employment Term due to either party giving notice not to extend this Agreement, as applicable. The period during which Executive is employed such employment will be entirely “at- will,” and will not be covered by the Company pursuant to this Agreement is hereinafter referred (except for the applicable restrictive covenant provisions, which are intended to as survive expiration of the "TermAgreement in all cases)."

Appears in 1 contract

Samples: Employment Agreement (Farmland Partners Inc.)

Employment Term. The Company hereby agrees to continue to employ Executive, and Executive hereby agrees to continue to be employed with the Company, upon the terms and conditions contained in this Agreement. Executive’s employment with the Company pursuant to this Agreement shall commence be deemed to have commenced on September 17, 2021 (the Effective Date Date”) and shall continue until the third fourth (4th) anniversary of the Effective Date (the “Initial Term”) unless earlier terminated pursuant to Section 8; provided, that the term of this Agreement shall automatically be extended for one (1) additional year commencing on the third fourth anniversary of the Effective Date and on each anniversary thereafter (each, a “Renewal Term”) unless, not less than ninety (90) days prior to the commencement of any such Renewal Term, either party shall have given written notice to the other that it does not wish to extend this Agreement (a “Non-Renewal Notice”), in which case, Executive’s employment under this Agreement shall terminate upon the close of business on the last day of the Initial Term or the then-current Renewal Term, as applicable. The period during which Executive is employed by the Company pursuant to this Agreement is hereinafter referred to as the "Term."

Appears in 1 contract

Samples: Employment Agreement (Power & Digital Infrastructure Acquisition Corp.)

Employment Term. The Company hereby agrees to continue to shall employ the Executive, and the Executive hereby agrees to continue to be employed with shall accept employment by the Company, upon the terms and conditions contained in provisions, and subject to the conditions, of this Agreement. The term of the Executive’s employment with hereunder shall commence on and as of the Company pursuant to date of this Agreement on terms and conditions reasonably satisfactory to the Executive (the “Employment Date”). The term of the Executive’s employment hereunder shall commence on the Effective Employment Date and shall continue until terminate on the third fifth (5th) anniversary of the Effective Employment Date (as the same may be extended in accordance with this Section 1 or terminated earlier as provided in this Agreement, the “Initial Employment Term”) unless earlier terminated pursuant to Section 8; provided, that the term of this )). This Agreement shall automatically be extended renew for one successive two (12) additional year commencing on periods following the third anniversary of initial five (5) year Employment Term and any extensions thereof, if applicable, unless either party provides written notice to the Effective Date and on each anniversary thereafter (each, a “Renewal Term”) unless, other party not less than ninety (90) days prior to the commencement end of any such Renewal the then-existing Employment Term, either that such party shall have given written notice to the other that it does not wish desire the Employment Term to extend this Agreement (a “Non-Renewal Notice”)automatically renew, in which case, Executive’s employment under event this Agreement shall terminate upon the close as of business on the last day of the Initial Term or the then-current Renewal Term, as applicable. The period during which Executive is employed by the Company pursuant to this Agreement is hereinafter referred to as the "then- existing Employment Term."

Appears in 1 contract

Samples: Employment Agreement

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