Common use of Term; Termination of Employment Clause in Contracts

Term; Termination of Employment. As used herein, the phrase “Term of Employment” shall mean the period commencing on the Effective Date and, except as otherwise specifically provided below, ending on December 31, 2006, which shall automatically renew for periods of one year unless one party gives written notice to the other at least 60 days prior to the end of the then current term that the Agreement shall not be further extended. Notwithstanding the foregoing, the Term of Employment shall expire on the first to occur of the following:

Appears in 2 contracts

Samples: Employment Agreement (Suntron Corp), Employment Agreement (Suntron Corp)

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Term; Termination of Employment. As used herein, the phrase "Term of Employment" shall mean the period commencing on the Effective Date and, except as otherwise specifically provided below, and ending on December 31the same date one (1) year later; provided, 2006however, which shall automatically renew that the Term of Employment may be extended for periods of an additional one (1) year unless one party gives period upon written notice to by the other at least 60 Company sixty (60) days prior to the end of the then current term that the Agreement shall not be further extendedTerm. Notwithstanding the foregoing, the Term of Employment shall expire on the first to occur of the following:

Appears in 1 contract

Samples: Executive Employment Agreement (Trimeris Inc)

Term; Termination of Employment. As used herein, the phrase "Term of Employment" shall mean the period commencing on the Effective Date and, except as otherwise specifically provided below, ending on December 3115, 2006, which shall automatically renew for periods of one year unless one party gives written notice to the other at least 60 days prior to the end of the then current term that the Agreement shall not be further extended2002. Notwithstanding the foregoing, the Term of Employment shall expire on the first to occur of the following:

Appears in 1 contract

Samples: Employment Agreement (Pf Net Communications Inc)

Term; Termination of Employment. As used herein, the phrase "Term of Employment" shall mean the period commencing on the Effective Date andand ending five years from the Effective Date; provided, except as otherwise specifically provided belowhowever, ending that on December 31, 2006, which shall automatically renew for periods of one year unless one party gives written notice to the other at least 60 days prior to the end any anniversary of the Effective Date at which time the then current term that the Agreement shall not be further extended. Notwithstanding the foregoingremaining Term of Employment is four years, the Term of Employment shall expire on automatically be extended by an additional year so that as a result of such extension the first to occur then remaining Term of the following:Employment will be five years.

Appears in 1 contract

Samples: Employment Agreement (Health Systems International Inc)

Term; Termination of Employment. As used herein, the phrase "Term of Employment" shall mean the period commencing on the Effective Date and, except as otherwise specifically provided below, ending on December 31, 2006, which shall automatically renew for periods of one year unless one party gives written notice to the other at least 60 days prior to the end second anniversary of the then current term Effective Date. The parties understand and agree that Executive may still be an "at-will" employee of the Agreement shall not be further extendedCompany after the termination of this Agreement. Notwithstanding the foregoing, the Term of Employment shall expire on the first to occur of the following:

Appears in 1 contract

Samples: Employment Agreement (Integrated Device Technology Inc)

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Term; Termination of Employment. As used herein, the phrase "Term of Employment" shall mean the period commencing on the Effective Date and, except as otherwise specifically provided below, ending on December 31, 2006, 2003 which shall automatically renew for periods of one year unless one party gives written notice to the other at least 60 90 days prior to the end of the then current term that the Agreement shall not be further extended. Notwithstanding the foregoing, the Term of Employment shall expire on the first to occur of the following:

Appears in 1 contract

Samples: Employment Agreement (Eftc Corp/)

Term; Termination of Employment. As used herein, the phrase “Term of Employment” shall mean the period commencing on the Effective Date and, except as otherwise specifically provided below, and ending on December 31the same date fifteen (15) months later; provided, 2006however, which shall automatically renew that the Term of Employment may be extended for periods of one year unless one party gives an additional fifteen (15) month period upon written notice to by the other at least 60 Company sixty (60) days prior to the end of the then current term that the Agreement shall not be further extendedTerm. Notwithstanding the foregoing, the Term of Employment shall expire on the first to occur of the following:

Appears in 1 contract

Samples: Executive Employment Agreement (Trimeris Inc)

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