Common use of Initial Term of Employment Period and Extension Terms Clause in Contracts

Initial Term of Employment Period and Extension Terms. The Employment Period shall initially continue for a term commencing on the date hereof and ending on December 31, 2009 (the "Initial Term"). The Employment Period shall be automatically extended for successive five (5) calendar year periods of the Company following the expiration of the Initial Term (each period being hereinafter referred to as an "Extension Term") upon the same terms and conditions provided for herein unless either party provides the other party with advance written notice of its or his intention not to extend the Employment Period; provided, however, that such notice must be delivered by the non-extending party to the other party not later than thirty (30) days prior to the expiration of the Initial Term or any Extension Term, as the case may be.

Appears in 5 contracts

Samples: Employment Agreement (Cardinal Minerals Inc), Employment Agreement (Cardinal Minerals Inc), Employment Agreement (Cardinal Minerals Inc)

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Initial Term of Employment Period and Extension Terms. The Employment Period shall initially continue for a term commencing on the date hereof and ending on until December 31, 2009 2007 (the "Initial Term"). The Employment Period shall be automatically extended for successive five (5) calendar year periods years of the Company following the expiration of the Initial Term (each such one year period being hereinafter referred to as an "Extension Term") upon the same terms and conditions provided for herein unless either party provides the other party with advance written notice of its or his intention not to extend the Employment Period; provided, however, that such notice must be delivered by the non-extending party to the other party not later than thirty ninety (3090) days prior to the expiration of the Initial Term or any Extension Term, as the case may be.

Appears in 3 contracts

Samples: Executive Employment Agreement (Dyadic International Inc), Executive Employment Agreement (Dyadic International Inc), Executive Employment Agreement (Dyadic International Inc)

Initial Term of Employment Period and Extension Terms. The Employment Period shall initially continue for a term commencing on the date hereof and ending on December 31, 2009 2002 (the "Initial TermINITIAL TERM"). The Employment Period shall be automatically extended for successive five (5) calendar year periods years of the Company following the expiration of the Initial Term (each such one year period being hereinafter referred to as an "Extension TermEXTENSION TERM") upon the same terms and conditions provided for herein unless either party provides the other party with advance written notice of its or his intention not to extend the Employment Period; provided, however, that such notice must be delivered by the non-extending party to the other party not later than thirty ninety (3090) days prior to the expiration of the Initial Term or any Extension Term, as the case may be.

Appears in 3 contracts

Samples: Agreement (Sovereign Specialty Chemicals Inc), Agreement (Sovereign Specialty Chemicals Inc), Agreement (Sovereign Specialty Chemicals Inc)

Initial Term of Employment Period and Extension Terms. The Employment Period shall initially continue for a term commencing on the date hereof and ending on December 31, 2009 2004 (the "Initial TermINITIAL TERM"). The Employment Period shall be automatically extended for successive five (5) calendar year periods years of the Company following the expiration of the Initial Term (each such one year period being hereinafter referred to as an "Extension TermEXTENSION TERM") upon the same terms and conditions provided for herein unless either party provides the other party with advance written notice of its or his intention not to extend the Employment Period; provided, however, that such notice must be delivered by the non-extending party to the other party not later than thirty ninety (3090) days prior to the expiration of the Initial Term or any Extension Term, as the case may be.

Appears in 2 contracts

Samples: Employment Agreement (Sovereign Specialty Chemicals Inc), Employment Agreement (Sovereign Specialty Chemicals Inc)

Initial Term of Employment Period and Extension Terms. The Employment Period shall initially continue for a term commencing on the date hereof and ending on December 31, 2009 2003 (the "Initial TermINITIAL TERM"). The Employment Period shall be automatically extended for successive five (5) calendar year periods years of the Company following the expiration of the Initial Term (each such one year period being hereinafter referred to as an "Extension TermEXTENSION TERM") upon the same terms and conditions provided for herein unless either party provides the other party with advance written notice of its or his intention not to extend the Employment Period; provided, however, that such notice must be delivered by the non-extending party to the other party not later than thirty ninety (3090) days prior to the expiration of the Initial Term or any Extension Term, as the case may be.

Appears in 2 contracts

Samples: Employment Agreement (Sovereign Specialty Chemicals Inc), Employment Agreement (Sovereign Specialty Chemicals Inc)

Initial Term of Employment Period and Extension Terms. The Employment Period shall initially continue for a term commencing on the date hereof and ending on until December 31, 2009 2008 (the "Initial Term"). The Employment Period shall be automatically extended for successive five (5) calendar year periods years of the Company following the expiration of the Initial Term (each such one year period being hereinafter referred to as an "Extension Term") upon the same terms and conditions provided for herein unless either party provides the other party with advance written notice of its or his her intention not to extend the Employment Period; provided, however, that such notice must be delivered by the non-extending party to the other party not later than thirty ninety (3090) days prior to the expiration of the Initial Term or any Extension Term, as the case may be.

Appears in 1 contract

Samples: Executive Employment Agreement (Dyadic International Inc)

Initial Term of Employment Period and Extension Terms. The Employment Period shall initially continue for a term commencing on the date hereof and ending on December 31, 2009 2007 (the "Initial Term"). The Employment Period shall be automatically extended for successive five (5) calendar year periods years of the Company following the expiration of the Initial Term (each such one year period being hereinafter referred to as an "Extension Term") upon the same terms and conditions provided for herein unless either party provides the other party with advance written notice of its or his intention not to extend the Employment Period; provided, however, that such notice must be delivered by the non-extending party to the other party not later than thirty ninety (3090) days prior to the expiration of the Initial Term or any Extension Term, as the case may be.

Appears in 1 contract

Samples: Executive Employment Agreement (Dyadic International Inc)

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Initial Term of Employment Period and Extension Terms. The Employment Period shall initially continue for a term commencing on the date hereof Effective Date and ending on December 31, 2009 2008 (the "Initial Term"). The Employment Period shall be automatically extended for successive five (5) calendar year periods years of the Company following the expiration of the Initial Term (each such one year period being hereinafter referred to as an "Extension Term") upon the same terms and conditions provided for herein unless either party provides the other party with advance written notice of its or his intention not to extend the Employment Period; provided, however, that such notice must be delivered by the non-extending party to the other party not later than thirty one hundred twenty (30120) days prior to the expiration of the Initial Term or any Extension Term, as the case may be.

Appears in 1 contract

Samples: Executive Employment Agreement (Dyadic International Inc)

Initial Term of Employment Period and Extension Terms. The Employment Period shall initially continue for a term commencing on the date hereof and ending on December 31, 2009 2005 (the "Initial TermINITIAL TERM"). The Employment Period shall be automatically extended for successive five (5) calendar year periods years of the Company following the expiration of the Initial Term (each such one year period being hereinafter referred to as an "Extension TermEXTENSION TERM") upon the same terms and conditions provided for herein unless either party provides the other party with advance written notice of its or his intention not to extend the Employment Period; provided, however, that such notice must be delivered by the non-extending party to the other party not later than thirty ninety (3090) days prior to the expiration of the Initial Term or any Extension Term, as the case may be.

Appears in 1 contract

Samples: Employment Agreement (Sovereign Specialty Chemicals Inc)

Initial Term of Employment Period and Extension Terms. The Employment Period shall initially continue be for a term the period commencing on the date hereof and ending on December 31, 2009 2003 (the "Initial TermINITIAL TERM"). The Employment Period shall be automatically extended for successive five (5) calendar year periods years of the Company following the expiration of the Initial Term (each such one year period being hereinafter referred to as an "Extension TermEXTENSION TERM") upon the same terms and conditions provided for herein unless either party provides the other party with advance written notice of its or his intention not to extend the Employment Period; provided, however, that such notice must be delivered by the non-extending party to the other party not later than thirty ninety (3090) days prior to the expiration of the Initial Term or any Extension Term, as the case may be.

Appears in 1 contract

Samples: Employment Agreement (Sovereign Specialty Chemicals Inc)

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