Term; At-Will Employment. Subject to Article IV below, Executive’s employment will be for an initial term of three (3) years commencing on January 2, 2019 (“Effective Date”), with one (1) year automatic extensions unless terminated in writing by either party sixty (60) days in advance of the end of the initial term or any one (1) year extension period (“Term”). Notwithstanding anything to the contrary which may be contained in this Agreement, Executive’s employment hereunder is at will, which means that the Company or Executive may terminate Executive’s employment at any time, with or without Cause or Good Reason, or for no reason at all.
Appears in 4 contracts
Samples: Employment Agreement (Luther Burbank Corp), Employment Agreement (Luther Burbank Corp), Employment Agreement (Luther Burbank Corp)
