Common use of Renewal of Term Clause in Contracts

Renewal of Term. Subject to Pxxxxxx's Board of Directors' approval, Executive's employment shall be extended for one additional year at the end of each year of the term, or extended term, of this Agreement on the same terms and conditions as contained in this Agreement, unless either AMERX, Procyon or the Executive shall, prior to the expiration of the initial term or of any renewal term, give written notice of the intention not to renew this Agreement.

Appears in 6 contracts

Samples: Executive Employment Agreement (Procyon Corp), Executive Employment Agreement (Procyon Corp), Executive Employment Agreement (Procyon Corp)

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Renewal of Term. Subject to Pxxxxxx's Procyon’s Board of Directors' approval, Executive's ’s employment shall be extended for one additional year at the end of each year of the term, or extended term, of this Agreement on the same terms and conditions as contained in this Agreement, unless either AMERXAmerx, Procyon or the Executive shall, prior to the expiration of the initial term or of any renewal term, give written notice of the intention not to renew this Agreement.

Appears in 4 contracts

Samples: Executive Employment Agreement (Procyon Corp), Executive Employment Agreement (Procyon Corp), Executive Employment Agreement (Procyon Corp)

Renewal of Term. Subject to Pxxxxxx's Procyon’s Board of Directors' approval, Executive's ’s employment shall be extended for one additional year at the end of each year of the term, or extended term, of this Agreement on the same terms and conditions as contained in this Agreement, unless either AMERX, Procyon or the Executive shall, prior to the expiration of the initial term or of any renewal term, give written notice of the intention not to renew this Agreement.

Appears in 3 contracts

Samples: Executive Employment Agreement (Procyon Corp), Executive Employment Agreement (Procyon Corp), Executive Employment Agreement (Procyon Corp)

Renewal of Term. Subject to Pxxxxxx's the Procyon Board of Directors' approval, Executive's ’s employment shall be extended for one additional year at the end of each year of the term, or extended term, of this Agreement on the same terms and conditions as contained in this Agreement, unless either AMERXAmerx, Procyon or the Executive shall, prior to the expiration of the initial term or of any renewal term, give written notice of the intention not to renew this Agreement.

Appears in 3 contracts

Samples: Executive Employment Agreement (Procyon Corp), Executive Employment Agreement (Procyon Corp), Executive Employment Agreement (Procyon Corp)

Renewal of Term. Subject to Pxxxxxx's Procyon’s Board of Directors' approval, Executive's employment shall be extended for one additional year at the end of each year of the term, or extended term, of this Agreement on the same terms and conditions as contained in this Agreement, unless either AMERXAmerx, Procyon or the Executive shall, prior to the expiration of the initial term or of any renewal term, give written notice of the intention not to renew this Agreement.

Appears in 3 contracts

Samples: Executive Employment Agreement (Procyon Corp), Executive Employment Agreement (Procyon Corp), Executive Employment Agreement (Procyon Corp)

Renewal of Term. Subject to Pxxxxxx's the Procyon Board of Directors' approval, Executive's ’s employment shall be extended for one additional year at the end of each year of the term, or extended term, of this Agreement on the same terms and conditions as contained in this Agreement, unless either AMERX, Procyon or the Executive shall, prior to the expiration of the initial term or of any renewal term, give written notice of the intention not to renew this Agreement.

Appears in 3 contracts

Samples: Executive Employment Agreement (Procyon Corp), Executive Employment Agreement (Procyon Corp), Executive Employment Agreement (Procyon Corp)

Renewal of Term. Subject to Pxxxxxx's Xxxxxxx’s Board of Directors' approval, Executive's ’s employment shall be extended for one additional year at the end of each year of the term, or extended term, of this Agreement on the same terms and conditions as contained in this Agreement, unless either AMERX, Procyon or the Executive shall, prior to the expiration of the initial term or of any renewal term, give written notice of the intention not to renew this Agreement.

Appears in 3 contracts

Samples: Executive Employment Agreement (Procyon Corp), Executive Employment Agreement (Procyon Corp), Executive Employment Agreement (Procyon Corp)

Renewal of Term. Subject to Pxxxxxx's Procyon’s Board of Directors' approval, Executive's employment shall be extended for one additional year at the end of each year of the term, or extended term, of this Agreement on the same terms and conditions as contained in this Agreement, unless either AMERX, Procyon or the Executive shall, prior to the expiration of the initial term or of any renewal term, give written notice of the intention not to renew this Agreement.

Appears in 3 contracts

Samples: Executive Employment Agreement (Procyon Corp), Executive Employment Agreement (Procyon Corp), Executive Employment Agreement (Procyon Corp)

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Renewal of Term. Subject to Pxxxxxx's Procyon’s Board of Directors' approval, Executive's employment shall be extended for one additional year at the end of each year of the term, or extended term, of this Agreement on the same terms and conditions as contained in this Agreement, unless either AMERX, Procyon or the Executive shall, prior to the expiration of the initial term or of any renewal term, give written notice of the intention not to renew this Agreement.

Appears in 3 contracts

Samples: Executive Employment Agreement (Procyon Corp), Executive Employment Agreement (Procyon Corp), Executive Employment Agreement (Procyon Corp)

Renewal of Term. Subject to Pxxxxxx's Board of Directors' approval, Executive's ’s employment shall be extended for one additional year at the end of each year of the term, or extended term, of this Agreement on the same terms and conditions as contained in this Agreement, unless either AMERXAmerx, Procyon or the Executive shall, prior to the expiration of the initial term or of any renewal term, give written notice of the intention not to renew this Agreement.

Appears in 2 contracts

Samples: Executive Employment Agreement (Procyon Corp), Executive Employment Agreement (Procyon Corp)

Renewal of Term. Subject to PxxxxxxProcyon's Board of Directors' approval, Executive's employment shall be automatically extended for one additional year at the end of each year of the term, or extended term, of this Agreement on the same terms and conditions as contained in this Agreement, unless either AMERX, Procyon or the Executive shall, prior to the expiration of the initial term or of any renewal term, give written notice of the intention not to renew this Agreement.

Appears in 2 contracts

Samples: Executive Employment Agreement (Procyon Corp), Executive Employment Agreement (Procyon Corp)

Renewal of Term. Subject to Pxxxxxx's Board of Directors' approval, Executive's ’s employment shall be extended for one additional year at the end of each year of the term, or extended term, of this Agreement on the same terms and conditions as contained in this Agreement, unless either AMERX, Procyon or the Executive shall, prior to the expiration of the initial term or of any renewal term, give written notice of the intention not to renew this Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (Procyon Corp)

Renewal of Term. Subject to Pxxxxxx's the Procyon Board of Directors' approval, Executive's employment shall be automatically extended for one additional year at the end of each year of the term, or extended term, of this Agreement on the same terms and conditions as contained in this Agreement, unless either AMERX, Procyon or the Executive shall, prior to the expiration of the initial term or of any renewal term, give written notice of the intention not to renew this Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (Procyon Corp)

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