Common use of Extension of Agreement Clause in Contracts

Extension of Agreement. Subject to Article 16 below, upon a Change in Control, the Term of Employment shall be extended to the second anniversary of such Change in Control, with automatic one (1) year renewals thereafter unless either Party notifies the other at least six (6) months before the scheduled expiration date that this Agreement is not to renew. Notwithstanding the foregoing, the Term of Employment may be earlier terminated by either Party in accordance with the provisions of Article 10, except as modified by this Article 14.

Appears in 8 contracts

Samples: Executive Employment Agreement (Eldorado Resorts, Inc.), Executive Employment Agreement (Eldorado Resorts, Inc.), Executive Employment Agreement (Eldorado Resorts, Inc.)

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Extension of Agreement. Subject to Article 16 17 below, upon a Change in Control, the Term of Employment shall be extended to the second anniversary of such Change in Control, with automatic one (1) year renewals thereafter unless either Party notifies the other at least six (6) months before the scheduled expiration date that this Agreement is not to renew. Notwithstanding the foregoing, the Term of Employment may be earlier terminated by either Party in accordance with the provisions of Article 1011, except as modified by this Article 1415.

Appears in 2 contracts

Samples: Executive Employment Agreement (Eldorado Resorts, Inc.), Executive Employment Agreement (Eldorado Resorts, Inc.)

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Extension of Agreement. Subject to Article Section 16 below, upon a Change in Control, the Term of Employment shall be extended to the second anniversary of such Change in Control, with automatic one (1) one-year renewals thereafter unless either Party party notifies the other at least six (6) 6 months before the scheduled expiration date that this the Agreement is not to renew. Notwithstanding the foregoing, the Term of Employment may be earlier terminated by either Party party in accordance with the provisions of Article Section 10, except as modified by this Article Section 14.

Appears in 1 contract

Samples: Executive Employment Agreement (Diebold Inc)

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