Common use of Non-Renewal of Term Clause in Contracts

Non-Renewal of Term. Should Executive give STT written notice at least thirty (30) days prior to the expiration of either the orginal four-year term of his employment or any of the subsequent, consecutive one-year terms set forth in Section 2, above, Executive's employment pursuant to this Agreement shall terminate upon the last day of said term and such termination shall be effective on said day.

Non-Renewal of Term. Should Executive give STT written notice at least thirty (30) days prior to the expiration of either the orginal original four-year term of his employment or any of the subsequent, consecutive one-year terms set forth in Section 2, above, Executive's employment pursuant to this Agreement shall terminate upon the last day of said term and such termination shall be effective on said day.