Common use of Extension of Employment Period Clause in Contracts

Extension of Employment Period. The Employment Period and term of this Agreement 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; provided, however, that if the Change in Control is solely on account of a Merger Protection Change in Control, the Employment Period and term of this Agreement shall be extended for one (1) year following the effective date of the Merger Protection Change in Control. Thereafter, the Employment Period and term of this Agreement will be extended for successive terms of one (1) year each, unless terminated, all in the manner specified in Section 3.03.

Extension of Employment Period. The In the event of a Change in Control or a Limited Change in Control, if the Employment Period and term would otherwise expire prior to expiration of this Agreement the period during which Employee could experience a Change in Control Termination, then 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 until 12 o’clock midnight on the last day of the month following two (2) years after the Change in Control; provided, however, that if the upon which a Change in Control is solely on account Termination could occur under the provisions of Section 2.03. Upon completion of any extended term resulting from either a Merger Protection Change in ControlControl or a Limited Change in Control as referenced in the previous sentence, the Employment Period and term of this Agreement shall be extended for one (1) year following the effective date of the Merger Protection Change in Control. Thereafter, the Employment Period and term of this Agreement will be thereafter extended for successive terms of one (1) year each, unless terminated, all in the manner specified in Section 3.03.