Common use of Term and Nature of Employment Clause in Contracts

Term and Nature of Employment. 3.1 Executive’s employment hereunder shall be for an initial term commencing on the date hereof and ending on April 1,2015 (the first anniversary of the date hereof). Neither the Company nor Executive shall be obligated to extend the term of Executive’s employment. In connection with the Company’s determination described in Sections 3.1 and 3.2 of this Agreement to extend or not extend the term of Executive’s employment, the Company shall extend such term, absent (a) Cause, or (b) the Board’s determination, in good faith and subject to the procedures described in the last paragraph of Section 6.2 of this Agreement, that Executive’s performance of his duties has been unsatisfactory, and the Company having given Executive at least 60 days’ written notice of such determination and opportunity to cure same. 3.2 The term of Executive’s employment shall automatically be extended for successive one (1) year periods commencing on April 1, 2015 unless the Company or Executive elects not to extend employment, by giving written notice to the other not less than sixty (60) days prior to the end of the initial term or any extension period. 3.3 The terms and conditions of this Agreement may be amended from time to time with the consent of the Company and Executive. All such amendments shall be effective when memorialized by a written agreement between the Company and Executive, following approval by the Company’s Compensation Committee (the “Committee”).

Term and Nature of Employment. 3.1 Executive’s 's employment hereunder shall be for an initial term commencing on the date hereof and ending on April 1,2015 January 5, 2016 (the first anniversary of the date hereof). Neither the Company nor Executive shall be obligated to extend the term of Executive’s 's employment. In connection with the Company’s determination described in Sections 3.1 and 3.2 of this Agreement to extend or not extend the term of Executive’s employment, the Company shall extend such term, absent (a) Cause, or (b) the Board’s determination, in good faith and subject to the procedures described in the last paragraph of Section 6.2 of this Agreement, that Executive’s performance of his duties has been unsatisfactory, and the Company having given Executive at least 60 days’ written notice of such determination and opportunity to cure same. 3.2 The term of Executive’s 's employment shall automatically be extended for successive one (1) year periods commencing on April 1January 5, 2015 2016 unless the Company or Executive elects not to extend employment, by giving written notice to the other not less than sixty (60) days prior to the end of the initial term or any extension period. 3.3 The terms and conditions of this Agreement may be amended from time to time with the consent of the Company and Executive. All such amendments shall be effective when memorialized by a written agreement between the Company and Executive, following approval by the Company’s 's Compensation Committee (the “"Committee”").

Term and Nature of Employment. 3.1 Executive’s employment hereunder shall be for an initial term commencing on the date hereof and ending on April 1,2015 1, 2015 (the first anniversary of the date hereof). Neither the Company nor Executive shall be obligated to extend the term of Executive’s employment. In connection with the Company’s determination described in Sections 3.1 and 3.2 of this Agreement to extend or not extend the term of Executive’s employment, the Company shall extend such term, absent (a) Cause, or (b) the Board’s determination, in good faith and subject to the procedures described in the last paragraph of Section 6.2 of this Agreement, that Executive’s performance of his duties has been unsatisfactory, and the Company having given Executive at least 60 days’ written notice of such determination and opportunity to cure same. 3.2 The term of Executive’s employment shall automatically be extended for successive one (1) year periods commencing on April 1, 2015 1,2015 unless the Company or Executive elects not to extend employment, by giving written notice to the other not less than sixty (60) days prior to the end of the initial term or any extension period. 3.3 The terms and conditions of this Agreement may be amended from time to time with the consent of the Company and Executive. All such amendments shall be effective when memorialized by a written agreement between the Company and Executive, following approval by the Company’s Compensation Committee (the “Committee”).

Term and Nature of Employment. 3.1 Executive’s 's employment hereunder shall be for an initial term commencing on the date hereof and ending on April 1,2015 3, 2015 (the first anniversary of the date hereof). Neither the Company nor Executive shall be obligated to extend the term of Executive’s 's employment. In connection with the Company’s 's determination described in Sections 3.1 and 3.2 of this Agreement to extend or not extend the term of Executive’s 's employment, the Company shall extend such term, absent (a) Cause, or (b) the Board’s 's determination, in good faith and subject to the procedures described in the last paragraph of Section 6.2 of this Agreement, that Executive’s 's performance of his duties has been unsatisfactory, and the Company having given Executive at least 60 days’ ' written notice of such determination and opportunity to cure same. 3.2 The term of Executive’s 's employment shall automatically be extended for successive one (1) year periods commencing on April 13, 2015 2014 unless the Company or Executive elects not to extend employment, by giving written notice to the other not less than sixty (60) days prior to the end of the initial term or any extension period. 3.3 The terms and conditions of this Agreement may be amended from time to time with the consent of the Company and Executive. All such amendments shall be effective when memorialized by a written agreement between the Company and Executive, following approval by the Company’s 's Compensation Committee (the “"Committee”").

Term and Nature of Employment. 3.1 Executive’s employment hereunder shall be for an initial term commencing on the date hereof and ending on April 1,2015 February 21, 2017 (the first anniversary of the date hereof). Neither the Company nor Executive shall be obligated to extend the term of Executive’s employment. In connection with the Company’s determination described in Sections 3.1 and 3.2 of this Agreement to extend or not extend the term of Executive’s employment, the Company shall extend such term, absent (a) Cause, or (b) the Board’s determination, in good faith and subject to the procedures described in the last paragraph of Section 6.2 of this Agreement, that Executive’s performance of his duties has been unsatisfactory, and the Company having given Executive at least 60 days’ written notice of such determination and opportunity to cure same. 3.2 The term of Executive’s employment shall automatically be extended for successive one (1) year periods commencing on April 1February 21, 2015 2018 unless the Company or Executive elects not to extend employment, by giving written notice to the other not less than sixty (60) days prior to the end of the initial term or any extension period. 3.3 The terms and conditions of this Agreement may be amended from time to time with the consent of the Company and Executive. All such amendments shall be effective when memorialized by a written agreement between the Company and Executive, following approval by the Company’s Compensation Committee (the “Committee”).