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 date hereof and continue for one year (the "Initial Term"), and, unless terminated as herein provided, shall be extended at the end of the Initial Term and ongoing successive terms, for a period of one year on the same terms and conditions contained herein (the "Term"), provided, however, that with each successive Term, Employee's -7- 8 compensation shall be adjusted in accordance with Section 2 hereof. This Agreement and Employee's employment may be terminated in any one of the followings ways:

Appears in 1 contract

Samples: Employment Agreement (Prime Foods Development Corp)

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Term; Termination; Rights on Termination. The term of this Agreement shall begin on the date hereof and continue for one year two (2) years (the "Initial Term"), and, unless terminated as herein provided, shall be extended at the end of each year beginning at the end of the first year of the Initial Term and ongoing successive terms, hereof for a period of one year on the same terms and conditions contained herein herein, such that the term (the "Term"), provided, however, that with ) of this Agreement shall extend for a period of two years from the date of each successive Term, Employee's -7- 8 compensation shall be adjusted in accordance with Section 2 hereofsuch extension. This Agreement and Employee's employment may be terminated in any one of the followings following ways:

Appears in 1 contract

Samples: Employment Agreement (Us Office Products Co)

Term; Termination; Rights on Termination. The term of this Agreement shall begin on the date hereof and continue for one year (the "Initial Term"), and, unless terminated as herein provided, shall be extended at the end of the Initial Term and ongoing successive terms, for a period of one year on the same terms and conditions contained herein (the "Term"), provided, however, that with each successive Term, Employee's -7- 8 compensation shall be adjusted in accordance with Section 2 hereof. This Agreement and Employee's employment may be terminated in any one of the followings following ways:

Appears in 1 contract

Samples: Employment Agreement (Colorado Prime Corp)

Term; Termination; Rights on Termination. The term of this Agreement shall begin on the date hereof and continue for one year four years (the "Initial Term"), and, unless terminated as herein provided, shall be extended at the end of each year beginning at the end of the second year of the Initial Term and ongoing successive terms, hereof for a period of one year on the same terms and conditions contained herein herein, such that the term (the "Term"), provided, however, that with each successive Term, Employee's -7- 8 compensation ) of this Agreement shall be adjusted in accordance with Section 2 hereofextend for a period of three years from the date of such extension. This Agreement and Employee's employment may be terminated in any one of the followings following ways:: (a)

Appears in 1 contract

Samples: Employment Agreement (School Specialty Inc)

Term; Termination; Rights on Termination. The term of this Agreement shall begin on the date hereof and continue for one year (the "Initial Term"), and, unless terminated as herein provided, shall be extended at the end of the Initial Term and ongoing successive terms, for a period of one year on the same terms and conditions contained herein (the "Term"), provided, however, that with each successive Term, Employee's -7- 8 compensation shall be adjusted in accordance with Section 2 - 7 - 8 hereof. This Agreement and Employee's employment may be terminated in any one of the followings ways:

Appears in 1 contract

Samples: Employment Agreement (Prime Foods Development Corp)

Term; Termination; Rights on Termination. The term of this Agreement shall begin on the date hereof and continue for one year two (2) years (the "Initial Term"), and, unless terminated sooner as herein provided, shall be extended at the end of the Initial Term and ongoing successive terms, for continue thereafter on a period of one year-to-year basis on the same existing terms and conditions contained herein (at the "Term"), provided, however, that with each successive Term, Employee's -7- 8 compensation shall be adjusted in accordance with Section 2 hereoftime of renewal. This Agreement and Employee's ’s employment may be terminated in any one of the followings following ways:

Appears in 1 contract

Samples: Employment Agreement (Global Entertainment Corp)

Term; Termination; Rights on Termination. The term of this Agreement shall begin on the date hereof and continue for one (1) year (the "Initial Term"), and, unless terminated sooner as herein provided, shall be extended at the end of the Initial Term and ongoing successive terms, for continue thereafter on a period of one year-to-year basis on the same terms and conditions contained herein (the "Term"), provided, however, that with each successive Term, Employee's -7- 8 compensation shall be adjusted in accordance with Section 2 hereofherein. This Agreement and Employee's employment may be terminated in any one of the followings following ways:;

Appears in 1 contract

Samples: Employment Agreement (Awg LTD)

Term; Termination; Rights on Termination. The term of this Agreement shall begin on the date hereof and continue for one year two (2) years (the "Initial Term"), and, unless terminated sooner as herein provided, shall be extended at the end of the Initial Term and ongoing successive terms, for continue thereafter on a period of one year-to-year basis on the same terms and conditions contained herein (the "Term"), provided, however, that with each successive Term, Employee's -7- 8 compensation shall be adjusted in accordance with Section 2 hereofherein. This Agreement and Employee's employment may be terminated in any one of the followings following ways:

Appears in 1 contract

Samples: Employment Agreement (Fyi Inc)

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Term; Termination; Rights on Termination. (a) The term of this Agreement shall begin on the date hereof Effective Date and continue for one year a period of two (2) years unless earlier terminated by either party. At any time after the "Initial Term")commencement of employment, andthe Company or Employee may, unless terminated as herein providedat the will of either, shall be extended at for any reason, terminate this Agreement and Employee's employment, effective immediately. At the end of the Initial Term and ongoing successive termsinitial two (2) year term, this Agreement shall automatically continue for a period of one year on an additional two (2) years pursuant to the same terms and conditions contained herein (the "Term"), provided, however, that with each successive Term, Employee's -7- 8 compensation shall be adjusted in accordance with Section 2 hereof. This Agreement and Employee's employment may be terminated in any one of the followings ways:conditions.

Appears in 1 contract

Samples: Employment and Non Competition Agreement (Friede Goldman International Inc)

Term; Termination; Rights on Termination. The term of this Agreement shall begin on the date hereof and continue for one year (the "Initial Term")1) year, and, unless terminated sooner as herein provided, shall be extended at the end of the Initial Term and ongoing successive terms, for continue thereafter on a period of one year-to- year basis on the same terms and conditions contained herein (the "Term"), provided, however, that with each successive Term, Employee's -7- 8 compensation shall be adjusted in accordance with Section 2 hereofherein. This Agreement and Employee's employment may be terminated in any one of the followings ways:

Appears in 1 contract

Samples: Employment Agreement (Fyi Inc)

Term; Termination; Rights on Termination. The term of this Agreement ---------------------------------------- shall begin on the date hereof and continue for one year two years (the "Initial Term"), ------------ and, unless terminated as otherwise herein provided, shall be extended at the end of the Initial Term and ongoing successive terms, for continue thereafter on a period of one year-to-year basis on the same terms and conditions contained herein (the "Term"), provided, however, that with each successive Term, Employee's -7- 8 compensation shall be adjusted in accordance with Section 2 hereofherein. This Agreement and Employee's employment may be terminated in any one of the followings following ways:

Appears in 1 contract

Samples: Employment and Non Competition Agreement (Palex Inc)

Term; Termination; Rights on Termination. The term of this Agreement shall begin on the date hereof and continue for one year _______ (__) years (the "Initial Term"), and, unless terminated sooner as herein provided, shall be extended at the end of the Initial Term and ongoing successive terms, for continue thereafter on a period of one year-to-year basis on the same terms and conditions contained herein (the "Term"), provided, however, that with each successive Term, Employee's -7- 8 compensation shall be adjusted in accordance with Section 2 hereofherein. This Agreement and Employee's employment may be terminated in any one of the followings ways:

Appears in 1 contract

Samples: Employment and Non Competition Agreement (Palex Inc)

Term; Termination; Rights on Termination. The term of this Agreement ---------------------------------------------- shall begin on the date hereof and continue for one year three years (the "Initial initial Term"), and, and unless terminated as herein provided, shall be extended at the end of the Initial Term and ongoing successive terms, for a period of one year on the same terms and conditions contained herein (the "Term"), provided, however, that with each successive Term, Employee's -7- 8 compensation shall be adjusted in accordance with Section 2 hereof. Term")- This Agreement and Employee's employment may be he terminated in any one of the followings following ways:

Appears in 1 contract

Samples: Employment Agreement (Simplagene Usa Inc)

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