Common use of Renewal of Term Clause in Contracts

Renewal of Term. On the third (3rd) anniversary and on each subsequent anniversary of the Effective Date, the Term shall be renewable for additional one-year periods upon the mutual written agreement of both parties.

Appears in 5 contracts

Samples: Employment Agreement (Allied Capital Corp), Employment Agreement (Allied Capital Corp), Employment Agreement (Allied Capital Corp)

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Renewal of Term. On the third fourth (3rd4th) anniversary and on each subsequent anniversary of the Effective Date, the Term shall be renewable for additional one-year periods upon the mutual written agreement of both parties.

Appears in 3 contracts

Samples: Employment Agreement (Sunsource Inc), Employment Agreement (Sunsource Inc), Employment Agreement (Sunsource Inc)

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Renewal of Term. On the third first (3rd1st) anniversary and on each subsequent anniversary of the Effective Date, the Term shall be renewable for additional one-year periods upon the mutual written agreement of both parties.

Appears in 1 contract

Samples: Employment Agreement (Sunsource Inc)

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