Common use of OPERATION, EFFECTIVE DATE, AND TERM OF AGREEMENT Clause in Contracts

OPERATION, EFFECTIVE DATE, AND TERM OF AGREEMENT. (a) This Agreement shall commence on the date hereof and continue in effect through December 31, 2000; provided, however, that commencing on January 1, 1999 and each succeeding January 1 thereafter, the term of this Agreement shall be extended automatically for one additional year (so that at all times the remaining term hereof shall not be less than two (2) years) unless not later than the September 30 preceding such automatic extension date the Company shall have given notice that it does not wish to extend this Agreement.

Appears in 2 contracts

Samples: Change in Control Agreement (Base Ten Systems Inc), Change in Control Agreement (Base Ten Systems Inc)

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OPERATION, EFFECTIVE DATE, AND TERM OF AGREEMENT. (a) This Agreement shall commence on the date hereof and continue in effect through December 31, 20001999; provided, however, that commencing on January 1, 1999 2000 and each succeeding January 1 thereafter, the term of this Agreement shall be extended automatically for one additional year (so that at all times the remaining term hereof shall not be less than two (2) years) unless not later than the September 30 of the preceding such automatic extension date year the Company shall have given notice to the Executive that it does not wish to extend this Agreement.

Appears in 2 contracts

Samples: O) Agreement (Elizabethtown Water Co /Nj/), And Restated Agreement (Elizabethtown Water Co /Nj/)

OPERATION, EFFECTIVE DATE, AND TERM OF AGREEMENT. (a) This Agreement shall commence on the date hereof and continue in effect through December 31, 20001997; provided, however, that commencing on January 1, 1999 1998 and each succeeding January 1 thereafter, the term of this Agreement shall be extended automatically for one additional year (so that at all times the remaining term hereof shall not be less than two (2) years) unless not later than the September 30 of the preceding such automatic extension date year the Company shall have given notice to the Executive that it does not wish to extend this Agreement.

Appears in 1 contract

Samples: Change in Control Agreement (Elizabethtown Water Co /Nj/)

OPERATION, EFFECTIVE DATE, AND TERM OF AGREEMENT. (a) This Agreement shall commence on the date hereof and continue in effect through December 31, 2000; 1998: provided, however, that commencing on January 1, 1999 1998 and each succeeding January 1 thereafter, the term of this Agreement shall be extended automatically for one additional year (so that at all times the remaining term hereof shall not be less than two (2) years) unless not later than September 30, of the September 30 preceding such automatic extension date year the Company Bank shall have given notice that it does not wish to extend this Agreement.

Appears in 1 contract

Samples: Change of Control Agreement (Broad National Bancorporation)

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OPERATION, EFFECTIVE DATE, AND TERM OF AGREEMENT. (a) This Agreement shall commence on the date hereof and continue in effect through December 31, 20001999; provided, however, that commencing on January 1, 1999 1998 and each succeeding January 1 thereafter, the term of this Agreement shall be extended automatically for one additional year (so that at all times the remaining term hereof shall not be less than two (2) years) unless not later than the September 30 preceding such automatic extension date the Company shall have given notice that it does not wish to extend this Agreement.

Appears in 1 contract

Samples: Control Agreement (Base Ten Systems Inc)

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