Successive Terms Sample Clauses

Successive Terms. Commencing in the year 2013, at least sixty (60) days prior to the annual reorganizational meeting of the Bank during the term of this Agreement (and any extension), the CEO shall evaluate the Executive’s performance and shall provide the Executive with a written notice stating whether the CEO wishes to extend this Agreement for an additional year beyond the number of years remaining in its Initial Term or any extension, and the terms upon which such extension is offered (e.g., at least sixty (60) prior to April 18, 2013, the CEO may offer to extend this Agreement to the third Wednesday in April 2016). Not later than thirty days following receipt of such notice, the Executive shall respond in writing, stating his acceptance or rejections, or his proposed modification of the offer received from the Board. If the parties agree upon the terms of such extension, an amendment to this Agreement shall be prepared and executed by the parties.

Successive Terms. After the Initial Term, this Agreement shall continue upon a year-to-year basis (the "Successive Terms"; together with the Initial Term, the "Term") unless terminated by either the Employer or the Employee upon one years' written notice to the other (which notice may not be given until the two year anniversary of this Agreement).

Successive Terms. At least sixty (60) days prior to the end of each year (except 1994) during the term of this Agreement (and any extension), the Board of Directors shall evaluate the Executive’s performance and shall provide the Executive with a written notice stating whether the Board wishes to extend this Agreement for an additional year beyond the number of years remaining in its Initial Term or any extension, and the terms upon which such extension is offered (e.g., at least sixty (60) days prior to December 31, 1995, the Board may offer to extend this Agreement to December 31, 1998). Not later than thirty days following receipt of such notice, the Executive shall respond in writing, stating his acceptance or rejections, or his proposed modification of the offer received from the Board. If the parties agree upon the terms of such extension, an amendment to this Agreement shall be prepared and executed by the parties.

Successive Terms. Unless either party shall have provided not less than thirty (30) days prior notice to the other party of its intent to not renew this Agreement as of the end of the then effective term, following the Initial Term and each Successive Term, this Agreement shall be renewed automatically for a term (each such successive renewal term, a “Successive Term”) of one (1) year. Notwithstanding anything to the contrary, if any Xcyte Digital Services have been ordered for terms that extend beyond the termination or expiration of the term of this Agreement, then the Agreement term will be extended as necessary to cover the provision of the Xcyte Digital Services for the applicable ordered term.