Common use of Term; Termination; Rights on Termination; Severance Payment Clause in Contracts

Term; Termination; Rights on Termination; Severance Payment. (a) The term of this Agreement shall begin on the Effective Date and continue for two (2) years. The term shall be automatically extended each year for another twelve months, unless either party gives notice three (3) months in advance of its termination date of her or its intent to terminate the Agreement, or unless terminated sooner as specifically provided herein. (b) This Agreement and Employee's employment may be terminated in any of the following ways:

Appears in 2 contracts

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

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Term; Termination; Rights on Termination; Severance Payment. (a) The term of this Agreement shall begin on the Effective Date and continue for two until thirty (230) yearsdays following the Closing, as defined below, or the second anniversary of the Effective Date, whichever is the first to occur. The term shall may be automatically extended each year for another twelve months, unless either party gives notice three (3) months in advance by agreement of its termination date of her or its intent to terminate the Agreement, or unless terminated sooner as specifically provided hereinparties. (b) This Agreement and Employee's employment may be terminated in any of the following ways: (i) The lapse of thirty (30) days following the occurrence of the Closing without an extension of the term by agreement of the parties;

Appears in 2 contracts

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

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Term; Termination; Rights on Termination; Severance Payment. (a) The term of this Agreement shall begin on the Effective Date and continue for two (2) years. The term shall be automatically extended each year for another twelve months, unless either party gives notice three (3) months in advance of its termination date of her his or its intent to terminate the Agreement, or unless terminated sooner as specifically provided herein. (b) This Agreement and Employee's employment may be terminated in any of the following ways:

Appears in 2 contracts

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

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