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

Term; Termination; Rights on Termination. The term of this Agreement shall begin on the Effective Date and continue for five years (the "Initial Term") unless terminated sooner as herein provided; however, beginning on the fifth anniversary of the Effective Date and on each anniversary thereafter the term shall automatically continue for one year on the same terms and conditions contained herein in effect as of the time of renewal (the "Extended Term") unless not less than six months prior to any such anniversary either party shall give written notice to the other party that the term shall not be so extended; provided further, however, upon a Change in Control (as defined in paragraph 11(d)) during the Initial Term or any Extended Term the term of this Agreement shall automatically continue following such Change in Control for a period equal to the then remaining term or two years, whichever period is longer (such longer period being an Extended Term), unless earlier terminated as provided in paragraph 11. This Agreement and Executive's employment may be terminated in any one of the followings ways:

Appears in 6 contracts

Samples: Employment Agreement (Miller Mechanical Contractors Inc), Employment Agreement (Miller Mechanical Contractors Inc), Employment Agreement (Miller Mechanical Contractors Inc)

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Term; Termination; Rights on Termination. The term of this Agreement shall begin on the Effective Date and continue for five three (3) years (the "Initial Term") ”), unless terminated sooner as herein provided; however, beginning on the fifth third (3rd) anniversary of the Effective Date and on each anniversary thereafter the term Term shall automatically continue for one year on the same terms and conditions contained herein in effect as of the time of renewal (the "Extended Term") unless not less than six months prior to any such anniversary either party shall give written notice to the other party that the term shall not be so extended; provided further, however, upon a Change in Control (as defined in paragraph Section 11(d)) during the Initial Term or any Extended Term the term of this Agreement shall automatically continue following such Change in Control for a period equal to the then remaining term or two yearsone year, whichever period is longer (such longer period being an Extended Term), unless earlier terminated as provided in paragraph Section 11. This Agreement and Executive's ’s employment may be terminated in any one of the followings ways:

Appears in 4 contracts

Samples: Employment Agreement (SRKP 16 Inc), Employment Agreement (SRKP 16 Inc), Employment Agreement (SRKP 16 Inc)

Term; Termination; Rights on Termination. The term of this Agreement shall begin on the Effective Date and continue for five years (the "Initial Term") ), unless terminated sooner as herein provided; however, beginning on the fifth anniversary of the Effective Date and on each anniversary thereafter the term shall automatically continue for one year on the same terms and conditions contained herein in effect as of the time of renewal (the "Extended Term") unless not less than six months prior to any such anniversary either party shall give written notice to the other party that the term shall not be so extended; provided further, however, upon a Change in Control (as defined in paragraph 11(d11(e)) during the Initial Term or any Extended Term the term of this Agreement shall automatically continue following such Change in Control for a period equal to the then remaining term or two years, whichever period is longer (such longer period being an Extended Term), unless earlier terminated as provided in paragraph 11. This Agreement and Executive's employment may be terminated in any one of the followings ways:

Appears in 2 contracts

Samples: Employment Agreement (Miller Mechanical Contractors Inc), Employment Agreement (Miller Mechanical Contractors Inc)

Term; Termination; Rights on Termination. The term of this Agreement shall begin on the Effective Date and continue for five years (the "Initial Term") ), unless terminated sooner as herein provided; however, beginning on the fifth anniversary of the Effective Date and on each anniversary thereafter the term shall automatically continue for one year on the same terms and conditions contained herein in effect as of the time of renewal (the "Extended Term") unless not less than six months prior to any such anniversary either party shall give written notice to the other party that the term shall not be so extended; provided further, however, upon a Change in Control (as defined in paragraph 11(d11(e)) during the Initial Term or any Extended Term the term of this Agreement shall automatically continue following such Change in Control for a period equal to the then remaining term or two years, whichever period is longer (such longer period being an Extended Term), unless earlier terminated as provided in paragraph 11. This Agreement and Executive's employment may be terminated in any one of the followings following ways:

Appears in 1 contract

Samples: Employment Agreement (American Plumbing & Mechanical Inc)

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Term; Termination; Rights on Termination. The term of this Agreement shall begin on the Effective Date and continue for five three (3) years (the "Initial Term") ”), unless terminated sooner as herein provided; however, beginning on the fifth third (3rd) anniversary of the Effective Date and on each anniversary thereafter the term Term shall automatically continue for one year on the same terms and conditions contained herein in effect as of the time of renewal (the "Extended Term") unless not less than six months prior to any such anniversary either party shall give written notice to the other party EH EmpAgmt Initial ______ that the term shall not be so extended; provided further, however, upon a Change in Control (as defined in paragraph Section 11(d)) during the Initial Term or any Extended Term the term of this Agreement shall automatically continue following such Change in Control for a period equal to the then remaining term or two yearsone year, whichever period is longer (such longer period being an Extended Term), unless earlier terminated as provided in paragraph Section 11. This Agreement and Executive's ’s employment may be terminated in any one of the followings ways:

Appears in 1 contract

Samples: Employment Agreement (SRKP 16 Inc)

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