Term and Renewals. Subject to the provisions for earlier termination provided herein, the term of this Agreement (the "TERM") shall commence on the date of this Agreement (the "EFFECTIVE DATE") and shall terminate on the third anniversary of the Effective Date (the "INITIAL TERM") unless renewed pursuant to this SECTION 2(a). The Initial Term shall be renewed for a one (1)-year period (the "INITIAL RENEWAL TERM") if at least six (6) months prior to the expiration of the Initial Term either party hereto shall not have given the other party written notice not to renew this Agreement. The Initial Renewal Term and each "Renewal Term" (as defined in this SECTION 2(a)) shall be renewed for successive one (1)-year periods (each, a "RENEWAL TERM") if at least three (3) months prior to the expiration of the Initial Renewal Term or a Renewal Term, as the case may be, either party hereto shall not have given the other party written notice not to renew this Agreement.
Appears in 6 contracts
Samples: Employment Agreement (Scheid Vineyards Inc), Employment Agreement (Scheid Vineyards Inc), Employment Agreement (Scheid Vineyards Inc)
Term and Renewals. Subject to the provisions for earlier termination provided herein, the term of this Agreement (the "TERMInitial Term") shall commence on the date of this Agreement (the "EFFECTIVE DATE") Effective Date and shall terminate on the third three (3)-year anniversary of the Effective Date (Date. Following expiration of the "INITIAL TERM") unless renewed pursuant to this SECTION 2(a). The Initial Term Term, the Agreement shall be renewed for a one (1)-year period (the "INITIAL RENEWAL TERMInitial Renewal Term") if at least six one (61) months month prior to the expiration of the Initial Term either party hereto shall not have given the other party written notice not to renew this Agreement. The Initial Renewal Term and each "Renewal Term" (as defined in this SECTION 2(a)Section 2) shall be renewed for successive one (1)-year periods (each, a "RENEWAL TERMRenewal Term," the Initial Term, the Initial Renewal Term, if any, and each Renewal, if any, collectively, the "Term") if at least three one (31) months month prior to the expiration of the Initial Renewal Term or a Renewal Term, as the case may be, either party hereto shall not have given the other party written notice of its intention not to renew this Agreement. Nothing in this Agreement shall be construed to require either party hereto to renew this Agreement and either party hereto has the sole discretion not to renew this Agreement.
Appears in 4 contracts
Samples: Employment Agreement (Pt 1communications Inc), Employment Agreement (Pt 1communications Inc), Employment Agreement (Pt 1communications Inc)
Term and Renewals. Subject to the provisions for earlier termination provided herein, the term of this Agreement (the "TERM") shall commence on the date of this Agreement (the "EFFECTIVE DATE") and shall terminate on the third first anniversary of the Effective Date (the "INITIAL TERM") unless renewed pursuant to this SECTION 2(a2(A). The Initial Term shall be renewed for a one (1)-year period (the "INITIAL RENEWAL TERM") if at least six (6) months prior to the expiration of the Initial Term either party hereto shall not have given the other party written notice not to renew this Agreement. The Initial Renewal Term and each "Renewal Term" (as defined in this SECTION 2(a2(A)) shall be renewed for successive one (1)-year periods (each, a "RENEWAL TERM") if at least three (3) months prior to the expiration of the Initial Renewal Term or a Renewal Term, as the case may be, either party hereto shall not have given the other party written notice not to renew this Agreement.
Appears in 2 contracts
Samples: Employment Agreement (Scheid Vineyards Inc), Employment Agreement (Scheid Vineyards Inc)