Common use of Specified Term Clause in Contracts

Specified Term. The Company hereby employs Employee pursuant to the terms of this Agreement and Employee hereby accepts employment with the Company pursuant to the terms of this Agreement for the period beginning on April 1, 2005 and ending on April 1, 2007 (the “Term”). Subject to Sections 8, 9, and 10, this Agreement will be renewed for one year after April 1, 2006, upon review by management, unless either party gives notice to the other, at least sixty (60) days prior to the expiration of the specified period that the party desires to renegotiate this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Secured Diversified Investment LTD), Employment Agreement (Secured Diversified Investment LTD)

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Specified Term. The Company hereby employs Employee Executive pursuant to the terms of this Agreement and Employee Executive hereby accepts employment with the Company pursuant to the terms of this Agreement for the period beginning on April June 1, 2005 2008 and ending on April May 31, 2013 (the "Term"), with salary commencing as of June 1, 2007 (the “Term”)2008. Subject to Sections 8, 9, and 10, this Agreement will automatically be renewed for successive periods of one year after April 1May 31, 2006, upon review by management2013, unless either party gives notice to the other, at least sixty thirty (6030) days prior to the expiration of the specified period that the party desires to renegotiate terminate this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Blackwater Midstream Corp.), Employment Agreement (Blackwater Midstream Corp.)

Specified Term. The Company hereby employs Employee Executive pursuant to the terms of this Agreement and Employee Executive hereby accepts employment with the Company pursuant to the terms of this Agreement for the period beginning on April 1May 14, 2005 2008 and ending on April May 13, 2013 (the "Term"), with salary commencing as of May 1, 2007 (the “Term”)2008. Subject to Sections 8, 9, and 10, this Agreement will automatically be renewed for successive periods of one year after April 1May 13, 2006, upon review by management2013, unless either party gives notice to the other, at least sixty thirty (6030) days prior to the expiration of the specified period that the party desires to renegotiate terminate this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Blackwater Midstream Corp.)

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Specified Term. The Company hereby employs Employee pursuant to the terms of this Agreement and Employee hereby accepts employment with the Company pursuant to the terms of this Agreement for the period beginning on April 1, 2005 and ending on April 1, 2007 (the “Term”). Subject to Sections 8, 9, and 10, this Agreement will be renewed for one year after April 1, 2006, upon review by managementmangement, unless either party gives notice to the other, at least sixty (60) days prior to the expiration of the specified period that the party desires to renegotiate this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Secured Diversified Investment LTD)

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