Common use of Succeeding Term Clause in Contracts

Succeeding Term. This Agreement shall automatically renew without lapse, after the Initial Term for additional one-year periods (each a “Succeeding Term”), unless (i) written notice of non renewal is given by Focus to Executive at least thirty (30) days before such applicable anniversary or (ii) unless earlier (a) terminated upon the written mutual agreement of the Executive and Focus, or (b) pursuant to the events and/or occurrences set forth below. Collectively, the Initial Term and Succeeding Term are referred to as the “Term.” This Agreement and Executive’s employment may be terminated: (i) By Executive for “Good Reason” (as defined below) upon thirty (30) days prior written notice to Focus; (ii) By Executive at any time without Good Reason upon fourteen (14) days advance written notice; (iii) By Focus for “Cause” (as defined below) immediately upon written notice to Executive; (iv) By Focus in the event of Executive’s “Disability” (as defined below); (v) Automatically upon Executive’s death; (vi) By Focus at any time, with or without notice, as specified by Focus, for any reason other than termination for Cause or Disability (“without Cause”).

Succeeding Term. This Agreement shall automatically renew without lapse, after the Initial Term for additional one-year periods (each a “Succeeding Term”), unless (i) written notice of non renewal is given by Focus to Executive at least thirty ninety (3090) days before such applicable anniversary or (ii) unless earlier (a) terminated upon the written mutual agreement of the Executive and Focus, or (b) pursuant to the events and/or occurrences set forth below. Collectively, the Initial Term and Succeeding Term are referred to as the “Term.” This Agreement and Executive’s employment may be terminated: (i) By Executive for “Good Reason” (as defined below) upon thirty (30) days prior written notice to Focus; (ii) By Executive at any time without Good Reason upon fourteen (14) days advance written notice; (iii) By Focus for “Cause” (as defined below) immediately upon written notice to Executive; (iv) By Focus in the event of Executive’s “Disability” (as defined below); (v) Automatically upon Executive’s death; (vi) By Focus at any time, with or without notice, as specified by Focus, for any reason other than termination for Cause or Disability (“without Cause”).