Common use of Term of Employment Duties Clause in Contracts

Term of Employment Duties. 1.1 Jaco hereby employs Girsky as Executive Vice President of Jaco, and Girsky hereby agrees to serve Jaco in such capacity and to perform such duties consistent therewith as Jaco's Board of Directors and/or the President from time to time shall determine for a period commencing on the Effective Date and ending on the fourth (4th) anniversary of the Effective Date (the "Initial Term"), provided, however, the term of this Employment Agreement shall be automatically extended after each anniversary date of the Effective Date for an additional one year period following the Initial Term, unless either Jaco or Girsky shall provide a notice of non-renewal to the other party (the "Notice of Non-Renewal"), which notice shall be in writing and shall be delivered not less than 90 days prior to an anniversary date after the Effective Date (the "Employment Period"). In the event that a Notice of Non-Renewal is delivered by either party, this Employment Agreement shall continue for a period of three (3) years following the anniversary date which follows immediately after the date that a valid and effective Notice of Non-Renewal is delivered. By way of example, if the Notice of Non-Renewal is delivered after the second anniversary date and not less than 90 days prior to the third anniversary date of the Effective Date, this Employment Agreement shall continue until the sixth anniversary date of the Effective Date.

Term of Employment Duties. 1.1 Jaco hereby employs Girsky as Executive Vice President of Jaco, and Girsky hereby agrees to serve Jaco in such capacity and to perform such duties consistent therewith as Jaco's ’s Board of Directors and/or the President from time to time shall determine for a period commencing on July 1, 1997 (the “Effective Date Date”) and ending on the fourth (4th) anniversary of the Effective Date (the "“Initial Term"”), provided, however, the term of this Employment Agreement shall be automatically extended after each anniversary date of the Effective Date for an additional one year period following the Initial Term, unless either Jaco or Girsky shall provide a notice of non-renewal to the other party (the "“Notice of Non-Renewal"”), which notice shall be in writing and shall be delivered not less than 90 days prior to an anniversary date after the Effective Date (the "“Employment Period"”). In the event that a Notice of Non-Renewal is delivered by either party, this Employment Agreement shall continue for a period of three (3) years following the anniversary date which follows immediately after the date that a valid and effective Notice of Non-Renewal is delivered. By way of example, if the Notice of Non-Renewal is delivered after the second third anniversary date and not less than 90 days prior to the third fourth anniversary date of the Effective Date, this Employment Agreement shall continue until the sixth seventh anniversary date of the Effective Date. Notwithstanding anything contained herein to the contrary, in the event that a Notice of Non-Renewal is delivered by either party at such time as Girsky is at least 70 years of age, then this Employment Agreement shall continue for a period of only one (1) year following the anniversary date which follows immediately after the date that a valid and effective Notice of Non-Renewal is delivered.

Term of Employment Duties. 1.1 Jaco hereby employs Girsky Gash as Executive Vice President of Finance of Jaco, and Girsky Gash hereby agrees to serve Jaco in such capacity and to perform such duties consistent therewith as Jaco's Board of Directors and/or the President from time to time shall determine for a period commencing on the Effective Date and ending on the fourth (4th) anniversary of the Effective Date (the "Initial Term"), provided, however, the term of this Employment Agreement shall be automatically extended after each anniversary date of the Effective Date for an additional one year period following the Initial Term, unless either Jaco or Girsky Gash shall provide a notice of non-renewal to the other party (the "Notice of Non-Renewal"), which notice shall be in writing and shall be delivered not less than 90 days prior to an anniversary date after the Effective Date (the "Employment Period"). In the event that a Notice of Non-Renewal is delivered by either party, this Employment Agreement shall continue for a period of three (3) years following the anniversary date which follows immediately after the date that a valid and effective Notice of Non-Renewal is delivered. By way of example, if the Notice of Non-Renewal is delivered after the second anniversary date and not less than 90 days prior to the third anniversary date of the Effective Date, this Employment Agreement shall continue until the sixth anniversary date of the Effective Date.

Term of Employment Duties. 1.1 Jaco hereby employs Girsky as Executive Vice Chairman and President of Jaco, and Girsky hereby agrees to serve Jaco in such capacity capacities and to perform such duties consistent therewith as Jaco's Board of Directors and/or the President from time to time shall determine for a period commencing on the Effective Date and ending on the fourth (4th) anniversary of the Effective Date (the "Initial Term"), provided, however, the term of this Employment Agreement shall be automatically extended after each anniversary date of the Effective Date for an additional one year period following the Initial Term, unless either Jaco or Girsky shall provide a notice of non-renewal to the other party (the "Notice of Non-Renewal"), which notice shall be in writing and shall be delivered not less than 90 days prior to an the third anniversary date after the Effective Date (the "Employment Period"). In the event that a Notice of Non-Renewal is delivered by either party, this Employment Agreement shall continue for a period of three (3) years following the anniversary date which follows immediately after the date that a valid and effective Notice of Non-Renewal is delivered. By way of example, if the Notice of Non-Renewal is delivered after the second anniversary date and not less than 90 days prior to the third anniversary date of the Effective Date, this Employment Agreement shall continue until the sixth anniversary date of the Effective Date.

Term of Employment Duties. 1.1 Jaco hereby employs Girsky as Executive Vice Chairman and President of Jaco, and Girsky hereby agrees to serve Jaco in such capacity capacities and to perform such duties consistent therewith as Jaco's ’s Board of Directors and/or the President from time to time shall determine for a period commencing on July 1, 1997 (the “Effective Date Date”) and ending on the fourth (4th) anniversary of the Effective Date (the "“Initial Term"”), provided, however, the term of this Employment Agreement shall be automatically extended after each anniversary date of the Effective Date for an additional one year period following the Initial Term, unless either Jaco or Girsky shall provide a notice of non-renewal to the other party (the "“Notice of Non-Renewal"”), which notice shall be in writing and shall be delivered not less than 90 days prior to an anniversary date after the Effective Date (the "“Employment Period"”). In the event that a Notice of Non-Renewal is delivered by either party, this Employment Agreement shall continue for a period of three (3) years following the anniversary date which follows immediately after the date that a valid and effective Notice of Non-Renewal is delivered. By way of example, if the Notice of Non-Renewal is delivered after the second third anniversary date and not less than 90 days prior to the third fourth anniversary date of the Effective Date, this Employment Agreement shall continue until the sixth seventh anniversary date of the Effective Date. Notwithstanding anything contained herein to the contrary, in the event that a Notice of Non-Renewal is delivered by either party at such time as Girsky is at least 70 years of age, then this Employment Agreement shall continue for a period of only one (1) year following the anniversary date which follows immediately after the date that a valid and effective Notice of Non-Renewal is delivered.