Common use of Term of Employment; Termination Clause in Contracts

Term of Employment; Termination. (a) The "TERM OF EMPLOYMENT" shall commence on the date hereof and shall continue until December 31, 2004 (the "INITIAL TERM"); PROVIDED, that, (i) such term shall continue for the twelve month period following such Initial Term, and for each twelve month period thereafter (each, an "ADDITIONAL TERM"), unless at least 180 days prior to the scheduled expiration date of the Initial Term or any Additional Term, either the Executive or the Company notifies the other of its decision not to continue such term and (ii) should the Executive's employment by the Company be earlier terminated pursuant to SECTION 3(b) or by the Executive pursuant to SECTION 3(c), the Term of Employment shall end on the date of such earlier termination.

Appears in 5 contracts

Samples: Employment Agreement (Safety Insurance Group Inc), Employment Agreement (Safety Insurance Group Inc), Employment Agreement (Safety Insurance Group Inc)

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Term of Employment; Termination. (a) The "TERM OF EMPLOYMENT" Term of Employment", as amended under this Amendment No. 2, shall commence on the date hereof of Executive's Relocation and shall continue until December 31, 2004 (the "INITIAL TERM")for a term of thirty six months; PROVIDEDprovided, that, (i) such term shall continue will be continued for the twelve month period following such Initial Termthirty six month period, and for each twelve month period thereafter (eachthereafter, an "ADDITIONAL TERM")unless, unless at least 180 60 days prior to the scheduled expiration date of the Initial Term or any Additional Termdate, either the Executive or the Company notifies the other of its decision not to continue such term term, and (ii) should the Executive's employment by the Company be earlier terminated pursuant to SECTION Section 3(b) or by the Executive pursuant to SECTION 3(c), the Term of Employment shall end on the date of such earlier termination.

Appears in 1 contract

Samples: Employment and Non Interference Agreement (Newflo Corp)

Term of Employment; Termination. (a) The "TERM OF EMPLOYMENT" a)The “Term of Employment” shall commence on the date hereof and shall continue until December 31September 7, 2004 2010 (the "INITIAL TERM"“Initial Term”); PROVIDEDprovided, that, (i) on September 7, 2010, and each anniversary thereof, such term shall continue be extended automatically for the a twelve month period following (each such Initial Term, and for each twelve month period thereafter (eachextension, an "ADDITIONAL TERM"“Additional Term”), unless at least 180 days prior to the scheduled expiration date of the Initial Term or any Additional Term, either the Executive or the Company notifies the other of its decision not to continue such term and (ii) should the Executive's ’s employment by the Company be earlier terminated pursuant to SECTION Section 3(b) or by the Executive pursuant to SECTION Section 3(c), the Term of Employment shall end on the date of such earlier termination.

Appears in 1 contract

Samples: Employment Agreement (Commerce Group Inc /Ma)

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Term of Employment; Termination. (a) The "TERM OF EMPLOYMENT" shall commence on the date hereof and shall continue until December 31, 2004 2006 (the "INITIAL TERM"); PROVIDED, that, (i) such term shall continue for the twelve month period following such Initial Term, and for each twelve month period thereafter (each, an "ADDITIONAL TERM"), unless at least 180 days prior to the scheduled expiration date of the Initial Term or any Additional Term, either the Executive or the Company notifies the other of its decision not to continue such term and (ii) should the Executive's employment by the Company be earlier terminated pursuant to SECTION 3(b) or by the Executive pursuant to SECTION 3(c), the Term of Employment shall end on the date of such earlier termination.

Appears in 1 contract

Samples: Employment Agreement (Safety Insurance Group Inc)

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