Common use of Renewal of Term Clause in Contracts

Renewal of Term. On the date that Executive completes one year of employment and on each successive anniversary of that date (the “Anniversary Date”), the Period of Employment shall be automatically extended and renewed for one additional year unless, not less than 30 days prior to such Anniversary Date, Employer or Executive shall give written notice to the other that the Period of Employment shall not be so extended and renewed.

Renewal of Term. On the date that Executive completes one year the first term of employment and on each successive anniversary of that date (the “Anniversary Date”), the Period of Employment shall be automatically extended and renewed for one additional year unless, not less than 30 days prior to such Anniversary Date, Employer the Board of Directors or the Executive shall give written notice to the other that the Period of Employment shall not be so extended and renewed.

Renewal of Term. On the date that Executive completes one year six months of employment and on each successive anniversary of that date six month period thereafter (the “Anniversary Renewal Date”), the Period of Employment shall be automatically extended and renewed for one an additional year six months unless, not less than 30 days prior to such Anniversary Renewal Date, Employer or Executive shall give written notice to the other that the Period of Employment shall not be so extended and renewed.