Common use of Extension of Employment Period Clause in Contracts

Extension of Employment Period. Upon any Change in Control the Employment Period shall be immediately and without further action extended for a term of two (2) years following the Effective Date of the Change in Control and will expire at 12:00 o'clock midnight on the last day of the month following two (2) years after the Change in Control. Thereafter, the employment period will be extended for successive terms of one (1) year each, unless terminated, all in the manner specified in the Term of Employment Section pertaining to regular employment.

Appears in 7 contracts

Samples: Employment & Human Resources (Pride International Inc), Employment & Human Resources (Pride International Inc), Employment & Human Resources (Pride International Inc)

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Extension of Employment Period. Upon any Change in Control Control, the Employment Period shall be immediately and without further action extended for a term of two (2) years following the Effective Date effective date of the Change in Control and will expire at 12:00 o'clock o’clock midnight on the last day of the month following two (2) years after the Change in Control. Thereafter, the employment period Employment Period will be extended for successive terms of one (1) year each, unless terminated, all in the manner specified in the Term of Employment Section pertaining to regular employment3.03.

Appears in 5 contracts

Samples: Employment & Human Resources (Pride International Inc), Employment Agreement (Pride International Inc), Employment Agreement (Pride International Inc)

Extension of Employment Period. Upon any Change in Control Control, the Employment Period shall be immediately and without further action extended for a term of two (2) years following the Effective Date effective date of the Change in Control and will expire at 12:00 o'clock midnight on the last day of the month following two (2) years after the Change in Control. Thereafter, the employment period Employment Period will be extended for successive terms of one (1) year each, unless terminated, all in the manner specified in the Term of Employment Section pertaining to regular employment3.03.

Appears in 5 contracts

Samples: Employment & Human Resources (Pride International Inc), Employment & Human Resources (Pride International Inc), Employment Agreement (Pride International Inc)

Extension of Employment Period. Upon any Change in Control the Employment Period shall be immediately and without further action extended for a term of two three (23) years following the Effective Date of the Change in Control and will expire at 12:00 o'clock midnight on the last day of the month following two three (23) years after the Change in Control. Thereafter, Thereafter the employment period Employment Period will be extended for successive terms of one (1) year each, unless terminated, all in the manner specified in the Term of Employment Section pertaining to regular employment.

Appears in 4 contracts

Samples: Employment & Human Resources (Pride International Inc), Employment & Human Resources (Pride International Inc), Employment & Human Resources (Pride International Inc)

Extension of Employment Period. Upon any Change in Control the Employment Period shall be immediately and without further action extended for a term of two three (23) years following the Effective Date of the Change in Control and will expire at 12:00 o'clock midnight on the last day of the month following two three (23) years after the Change in Control. Thereafter, the employment period Employment Period will be extended for successive terms of one (1) year each, unless terminated, all in the manner specified in the Term of Employment Section pertaining to regular employment.

Appears in 3 contracts

Samples: Employment & Human Resources (Pride International Inc), Employment & Human Resources (Pride International Inc), Employment & Human Resources (Pride International Inc)

Extension of Employment Period. Upon any Change in Control the Employment Period shall be immediately and without further action extended for a term of two three (23) years following the Effective Date of the Change in Control and will expire at 12:00 o'clock o’clock midnight on the last day of the month following two three (23) years after the Change in Control. Thereafter, the employment period Employment Period will be extended for successive terms of one (1) year each, unless terminated, all in the manner specified in the Term of Employment Section pertaining to regular employment.

Appears in 1 contract

Samples: Employment & Human Resources (Vantage Energy Services, Inc.)

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Extension of Employment Period. Upon any Change in Control Control, the Employment Period shall be immediately and without further action extended for a term of two three (23) years following the Effective Date effective date of the Change in Control and will expire at 12:00 12 o'clock midnight on the last day of the month following two three (23) years after the Change in Control. Thereafter, the employment period Employment Period will be extended for successive terms of one (1) year each, unless terminated, all in the manner specified in the Term of Employment Section pertaining to regular employment3.03.

Appears in 1 contract

Samples: Employment/Non Competition/Confidentiality Agreement (Pride International Inc)

Extension of Employment Period. Upon any Change in Control the Employment Period shall be immediately and without further action extended for a term of two (2) years following the Effective Date of the Change in Control and will expire at 12:00 o'clock o’clock midnight on the last day of the month following two (2) years after the Change in Control. Thereafter, the employment period will be extended for successive terms of one (1) year each, unless terminated, all in the manner specified in the Term of Employment Section pertaining to regular employment.

Appears in 1 contract

Samples: Employment Agreement (Pride International Inc)

Extension of Employment Period. Upon any Change in Control the Employment Period shall be immediately and without further action extended for a term of two three (23) years following the Effective Date of the Change in Control and will expire at 12:00 o'clock o’clock midnight on the last day of the month following two three (23) years after the Change in Control. Thereafter, the employment period Employment Period will be extended for successive terms of one (1) year each, unless terminated, all in the manner specified in the Term of Employment Section pertaining to regular employment3.03.

Appears in 1 contract

Samples: Executive Employment Agreement (Transmeridian Exploration Inc)

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