Common use of Successive Terms Of This Agreement Clause in Contracts

Successive Terms Of This Agreement. Should Executive’s employment not be terminated prior to the close of business of the Initial Term, as provided for in Section 6 above, then Executive’s employment shall continue for up to two successive one-year terms upon the same terms and conditions applicable to the Initial Term (or such other terms and conditions as may be agreed by the Executive and the Company) unless, at least ninety (90) days prior to the expiration of the Initial Term or any Successive Term of this Agreement, either party hereto notifies the other in writing of his/its intention not to continue this Agreement for a Successive Term.

Appears in 2 contracts

Samples: Employment Agreement (Royal Energy Resources, Inc.), Employment Agreement (Royal Energy Resources, Inc.)

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Successive Terms Of This Agreement. Should Executive’s employment not be terminated prior to the close of business of the Initial Term, as provided for in Section 6 above, then Executive’s employment shall continue for up to two successive one-year terms upon the same terms and conditions applicable to the Initial Term (or such other terms and conditions as may be agreed by the Executive and the Company) unless, at least ninety thirty (9030) days prior to the expiration of the Initial Term or any Successive Term of this Agreement, either party hereto notifies the other in writing of his/its intention not to continue this Agreement for a Successive Term.

Appears in 2 contracts

Samples: Employment Agreement (Royal Energy Resources, Inc.), Employment Agreement (Royal Energy Resources, Inc.)

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Successive Terms Of This Agreement. Should the Executive’s employment not be terminated prior to the close of business on the last day of the Initial Term or any Successive Term, as provided for in Section 6 7 above, then the Executive’s employment shall continue for up to two successive one-year terms upon the same terms and conditions applicable to the Initial Term (or such other terms and conditions as may be agreed by the Executive and the Company) unless, at least ninety three (903) days months prior to the expiration of the Initial Term or any Successive Term of this AgreementTerm, either party hereto notifies the other in writing of hisits/its his intention not to continue this Agreement for a the next Successive Term.

Appears in 1 contract

Samples: Employment Agreement (Galectin Therapeutics Inc)

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