Establishment, Term, and Purpose. This Agreement will commence on the Effective Date and shall continue in effect until December 31, 2010. However, at December 31, 2010, and, if extended, at the end of each additional year thereafter, the term of this Agreement shall be extended automatically for one (1) additional year, unless the Committee (as defined in Section 2.13 herein) delivers notice six (6) months prior to the end of such term, or extended term, to the Executive, stating that the Agreement will not be extended. In such case, the Agreement will terminate at the end of the term, or extended term, then in progress. However, in the event of a Change in Control (as defined in Section 2.10 herein) of CMS Energy Corporation, the term of this Agreement shall automatically be extended to the earlier of (i) the date that is two (2) years from the date of the Change in Control if the current term of this Agreement has less than two (2) full years
Appears in 2 contracts
Samples: Change in Control Agreement (CMS Energy Corp), Change in Control Agreement (CMS Energy Corp)
Establishment, Term, and Purpose. This Agreement will commence on the Effective Date and shall continue in effect until December 31, 20102014. However, at December 31, 20102014, and, if extended, at the end of each additional year thereafter, the term of this Agreement shall be extended automatically for one (1) additional year, unless the Committee (as defined in Section 2.13 herein) delivers notice six (6) months prior to the end of such term, or extended term, to the Executive, stating that the Agreement will not be extended. In such case, the Agreement will terminate at the end of the term, or extended term, then in progress. However, in the event of a Change in Control (as defined in Section 2.10 herein) of CMS Energy Corporation, the term of this Agreement shall automatically be extended to the earlier of (i) the date that is two (2) years from the date of the Change in Control if the current term of this Agreement has less than two (2) full years
Appears in 2 contracts
Samples: General Release Agreement (Consumers Energy Co), General Release Agreement (CMS Energy Corp)
Establishment, Term, and Purpose. This Agreement will commence on the Effective Date and shall continue in effect until December 31, 20102012. However, at December 31, 20102012, and, if extended, at the end of each additional year thereafter, the term of this Agreement shall be extended automatically for one (1) additional year, unless the Committee (as defined in Section 2.13 herein) delivers notice six (6) months prior to the end of such term, or extended term, to the Executive, stating that the Agreement will not be extended. In such case, the Agreement will terminate at the end of the term, or extended term, then in progress. However, in the event of a Change in Control (as defined in Section 2.10 herein) of CMS Energy Corporation, the term of this Agreement shall automatically be extended to the earlier of (i) the date that is two (2) years from the date of the Change in Control if the current term of this Agreement has less than two (2) full years
Appears in 1 contract
Samples: Control Agreement (CMS Energy Corp)