Common use of Term; Termination or Amendment Clause in Contracts

Term; Termination or Amendment. (a) Unless, this Agreement is terminated in accordance with Section 2(b) below, this Agreement shall extend for a term (the “Term”) commencing on the Effective Date and ending the second anniversary of the Effective Date (the “Initial Expiration Date”). If this Agreement is not previously terminated, the Term shall automatically renew for one (1) additional year beginning on the day following the Initial Expiration Date and each subsequent anniversary thereof (each, a “Renewal Date”), unless the Company elects not to extend the Term by providing The Executive with written notice (a “Non-Renewal Notice”) of such election not less than ninety (90) days prior to the last day of the then-current Term (each of the Initial Expiration Date and the last day of any then-current extended Term, the “Expiration Date”). Except as otherwise provided in the preceding sentence, no such termination or any amendment of this Agreement shall become effective during the term of this Agreement without the Executive’s written consent, and any such purported termination or amendment of this Agreement during a Change of Control Period, whether pursuant to the preceding sentence or otherwise, without the Executive’s written consent shall become effective no earlier than the expiration of the Change of Control Period.

Appears in 4 contracts

Samples: Change of Control Agreement (Kirby Corp), Change of Control Agreement (Kirby Corp), Change of Control Agreement (Kirby Corp)

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Term; Termination or Amendment. (a) Unless, this Agreement is terminated in accordance with Section 2(b5.1(b) below, this Agreement shall extend for a term (the “Term”) commencing on the Effective Date and ending the second anniversary of the Effective Date on December 31, 20__ (the “Initial Expiration Date”). If this Agreement is not previously terminated, the Term shall automatically renew for one (1) additional year beginning on the day following the Initial Expiration Date and each subsequent anniversary thereof (each, a “Renewal Date”), unless the Company elects not to extend the Term by providing The Executive Individual with written notice (a “Non-Renewal Notice”) of such election not less than ninety (90) days prior to the last day of the then-current Term (each of the Initial Expiration Date and the last day of any then-current extended Term, the “Expiration Date”). Except as otherwise provided in the preceding sentence, no such termination or any amendment of this Agreement shall become effective during the term of this Agreement without the ExecutiveIndividual’s written consent, and any such purported termination or amendment of this Agreement during a Change of Control Protection Period, whether pursuant to the preceding sentence or otherwise, without the ExecutiveIndividual’s written consent shall become effective no earlier than the expiration of the Change of Control Protection Period.

Appears in 2 contracts

Samples: Change in Control Agreement (EnLink Midstream, LLC), Change in Control Agreement (EnLink Midstream, LLC)

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Term; Termination or Amendment. (a) Unless, this Agreement is terminated in accordance with Section 2(b5.1(b) below, this Agreement shall extend for a term (the “Term”) commencing on the Effective Date and ending the second anniversary of the Effective Date on December 31, 20__ (the “Initial Expiration Date”). If this Agreement is not previously terminated, the Term shall automatically renew review for one (1) additional year beginning on the day following the Initial Expiration Date and each subsequent anniversary thereof (each, a “Renewal Date”), unless the Company elects not to extend the Term by providing The Executive Individual with written notice (a “Non-Renewal Notice”) of such election not less than ninety (90) days prior to the last day of the then-current Term (each of the Initial Expiration Date and the last day of any then-current extended Term, the “Expiration Date”). Except as otherwise provided in the preceding sentence, no such termination or any amendment of this Agreement shall become effective during the term of this Agreement without the ExecutiveIndividual’s written consent, and any such purported termination or amendment of this Agreement during a Change of Control Protection Period, whether pursuant to the preceding sentence or otherwise, without the ExecutiveIndividual’s written consent shall become effective no earlier than the expiration of the Change of Control Protection Period.

Appears in 2 contracts

Samples: Control Agreement (EnLink Midstream, LLC), Control Agreement (EnLink Midstream Partners, LP)

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