Common use of Term of Employment Under the Agreement Clause in Contracts

Term of Employment Under the Agreement. The term of this -------------------------------------- Agreement (the "Term") shall commence on February 1, 1999 (the "Effective Date") and shall continue until the second anniversary of the Effective Date; provided, however, that, commencing on February 1, 2000 and on each successive February 1/st/ thereafter (each a "Renewal Date"), the Term shall automatically extend for one additional year, unless at least thirty days prior to the next Renewal Date the Company has delivered to you or you have delivered to the Company written notice of the desire not to extend the Term. For purposes of this Agreement, "Fiscal Year" means the Company's fiscal year. Subject to the provisions of Section 5 below, either party may terminate your employment under this Agreement at any time.

Appears in 7 contracts

Samples: Employment Agreement (Supermarkets General Holdings Corp), Employment Agreement (Supermarkets General Holdings Corp), Employment Agreement (Supermarkets General Holdings Corp)

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Term of Employment Under the Agreement. The term of this -------------------------------------- Agreement (the "TermTERM") shall commence on February 1, 1999 (the "Effective DateEFFECTIVE DATE") and shall continue until the second anniversary of the Effective Date; providedPROVIDED, howeverHOWEVER, that, commencing on February 1, 2000 and on each successive February 1/st/ 1st thereafter (each a "Renewal DateRENEWAL DATE"), the Term shall automatically extend for one additional year, unless at least thirty days prior to the next Renewal Date the Company has delivered to you or you have delivered to the Company written notice of the desire not to extend the Term. For purposes of this Agreement, "Fiscal YearFISCAL YEAR" means the Company's fiscal year. Subject to the provisions of Section 5 below, either party may terminate your employment under this Agreement at any time.

Appears in 1 contract

Samples: Employment Agreement (Pathmark Stores Inc)

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