Common use of Term and Renewal Clause in Contracts

Term and Renewal. The initial term of this Agreement shall end on December 31, 2021 unless earlier terminated as provided herein. However, on December 31, 2021, and each December 31 thereafter, the term of this Agreement shall be renewed and extended by one year, unless Employee or the Corporation gives notice to the other in writing, at least 90 days prior to the applicable December 31, that the term shall not be renewed and extended.

Appears in 3 contracts

Samples: Employment Agreement (Eagle Financial Services Inc), Employment Agreement (Eagle Financial Services Inc), Employment Agreement (Eagle Financial Services Inc)

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Term and Renewal. The initial term of this Agreement shall end on December 31, 2021 unless earlier terminated as provided herein2008. However, on each December 31, 2021beginning with December 31, and each December 31 thereafter2007, the term of this Agreement shall be renewed and extended by one year, year unless Employee or the Corporation gives prior notice to the other in writing, at least 90 days prior to the applicable December 31, writing that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 3 contracts

Samples: Employment Agreement (Eastern Virginia Bankshares Inc), Employment Agreement (Eastern Virginia Bankshares Inc), Employment Agreement (Eastern Virginia Bankshares Inc)

Term and Renewal. The initial term of this Agreement shall end on December 31, 2021 2020 unless earlier terminated as provided herein. However, on December 31, 20212020, and each December 31 thereafter, the term of this Agreement shall be renewed and extended by one year, unless Employee or the Corporation gives notice to the other in writing, at least 90 days prior to the applicable December 31, that the term shall not be renewed and extended.

Appears in 2 contracts

Samples: Employment Agreement (Eagle Financial Services Inc), Employment Agreement (Eagle Financial Services Inc)

Term and Renewal. The initial term of this Agreement shall end on December 31, 2021 unless earlier terminated as provided herein2004. However, on each December 31, 2021beginning with December 31, and each December 31 thereafter2003, the term of this Agreement shall be renewed and extended by one year, year unless Employee or the Corporation gives prior notice to the other in writing, at least 90 days prior to the applicable December 31, writing that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 2 contracts

Samples: Employment Agreement (Eastern Virginia Bankshares Inc), Employment Agreement (Eastern Virginia Bankshares Inc)

Term and Renewal. The initial term of this Agreement shall end on December 31, 2021 unless earlier terminated as provided herein2017. However, on each December 31, 2021beginning with December 31, and each December 31 thereafter2017, the term of this Agreement shall be renewed and extended by one year, year unless Employee or the Corporation gives prior notice to the other in writing, at least 90 days prior to the applicable December 31, writing that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 2 contracts

Samples: Employment Agreement (Eagle Financial Services Inc), Employment Agreement (Eagle Financial Services Inc)

Term and Renewal. The initial term of this Agreement shall end on December 31, 2021 unless earlier terminated as provided herein2011. However, on each December 31, 2021beginning with December 31, and each December 31 thereafter2011, the term of this Agreement shall be renewed and extended by one year, year unless Employee or the Corporation gives prior notice to the other in writing, at least 90 days prior to the applicable December 31, writing that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 2 contracts

Samples: Employment Agreement (Eagle Financial Services Inc), Employment Agreement (Eastern Virginia Bankshares Inc)

Term and Renewal. The initial term of this Agreement shall end on December 31, 2021 unless earlier terminated as provided herein2007. However, on each December 31, 2021beginning with December 31, and each December 31 thereafter2007, the term of this Agreement shall be renewed and extended by one year, year unless Employee or the Corporation gives 90 days prior notice to the other in writing, at least 90 days prior to the applicable December 31, writing that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 1 contract

Samples: Employment Agreement (Eagle Financial Services Inc)

Term and Renewal. The initial term of this Agreement shall end on December 31, 2021 unless earlier terminated as provided herein2007. However, on each December 31, 2021beginning with December 31, and each December 31 thereafter2004, the term of this Agreement shall be renewed and extended by one year, year unless Employee or the Corporation gives prior notice to the other in writing, at least 90 days prior to the applicable December 31, writing that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 1 contract

Samples: Employment Agreement (Eastern Virginia Bankshares Inc)

Term and Renewal. The initial term of this Agreement shall end on December 31, 2021 unless earlier terminated as provided herein2006. However, on each December 31, 2021beginning with December 31, and each December 31 thereafter2005, the term of this Agreement shall be renewed and extended by one year, year unless Employee or the Corporation gives prior notice to the other in writing, at least 90 days prior to the applicable December 31, writing that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 1 contract

Samples: Employment Agreement (Eastern Virginia Bankshares Inc)

Term and Renewal. The initial term of this Agreement shall end on December 31, 2021 unless earlier terminated as provided herein2015. However, on each December 31, 2021beginning with December 31, and each December 31 thereafter2015, the term of this Agreement shall be renewed and extended by one year, year unless Employee or the Corporation gives prior notice to the other in writing, at least 90 days prior to the applicable December 31, writing that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 1 contract

Samples: Employment Agreement (Eagle Financial Services Inc)

Term and Renewal. The initial term of this Agreement shall end on December 31, 2021 unless earlier terminated as provided herein2013. However, on each December 31, 2021beginning with December 31, and each December 31 thereafter2013, the term of this Agreement shall be renewed and extended by one year, year unless Employee or the Corporation gives prior notice to the other in writing, at least 90 days prior to the applicable December 31, writing that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 1 contract

Samples: Employment Agreement (Eagle Financial Services Inc)

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Term and Renewal. The initial term of this Agreement shall end on December 31, 2021 2024 unless earlier terminated as provided herein. However, on December 31, 20212022, and each December 31 thereafter, the term of this Agreement shall be renewed and extended by one year, unless Employee or the Corporation gives notice to the other in writing, at least 90 days prior to the applicable December 31, that the term shall not be renewed and extended.

Appears in 1 contract

Samples: Employment Agreement (Eagle Financial Services Inc)

Term and Renewal. The initial term of this Agreement shall end on December 31, 2021 unless earlier terminated as provided herein2016. However, on each December 31, 2021beginning with December 31, and each December 31 thereafter2016, the term of this Agreement shall be renewed and extended by one year, year unless Employee or the Corporation gives prior notice to the other in writing, writing at least 90 thirty days prior to the applicable December 31, end of the term that the term shall not be renewed and extended.

Appears in 1 contract

Samples: Employment Agreement (Eastern Virginia Bankshares Inc)

Term and Renewal. The initial term of this Agreement shall end on December 31, 2021 unless earlier terminated as provided herein2006. However, on each December 31, 2021beginning with December 31, and each December 31 thereafter2004, the term of this Agreement shall be renewed and extended by one year, year unless Employee or the Corporation gives prior notice to the other in writing, at least 90 days prior to the applicable December 31, writing that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 1 contract

Samples: Employment Agreement (Eastern Virginia Bankshares Inc)

Term and Renewal. The initial term of this Agreement shall end on December 31, 2021 unless earlier terminated as provided herein2009. However, on each December 31, 2021beginning with December 31, and each December 31 thereafter2009, the term of this Agreement shall be renewed and extended by one year, year unless Employee or the Corporation gives prior notice to the other in writing, at least 90 days prior to the applicable December 31, writing that the term shall not be renewed and extended. This Agreement shall terminate at the end of its term.

Appears in 1 contract

Samples: Employment Agreement (Eagle Financial Services Inc)

Term and Renewal. The initial term of this Agreement shall end on December 31, 2021 2022 unless earlier terminated as provided herein. However, on December 31, 20212022, and each December 31 thereafter, the term of this Agreement shall be renewed and extended by one year, unless Employee or the Corporation gives notice to the other in writing, at least 90 days prior to the applicable December 31, that the term shall not be renewed and extended.

Appears in 1 contract

Samples: Employment Agreement (Eagle Financial Services Inc)

Term and Renewal. The initial term of this Agreement shall end on December 31, 2021 2021, unless earlier terminated as provided herein. However, on December 31, 2021, 2021 and each December 31 thereafter, the term of this Agreement shall be renewed and extended by one year, unless Employee or the Corporation gives notice to the other in writing, at least 90 days prior to the applicable December 31, that the term shall not be renewed and extended.

Appears in 1 contract

Samples: Employment Agreement (Eagle Financial Services Inc)

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