Common use of Termination of Automatic Extension by Notice Clause in Contracts

Termination of Automatic Extension by Notice. The Company (with the affirmative vote of two-thirds of the entire membership of the Board of Directors at a meeting of the Board of Directors called and held for such purpose) or the Executive may elect to terminate the automatic extension of the Term set forth in Section 2(a) ("Automatic Extension") by giving written notice of such election. Any notice given hereunder must be given not less than 180 days prior to the applicable Automatic Extension Date.

Appears in 8 contracts

Samples: Employment Agreement (Genesis Health Ventures Inc /Pa), Employment Agreement (Genesis Health Ventures Inc /Pa), Employment Agreement (Genesis Health Ventures Inc /Pa)

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Termination of Automatic Extension by Notice. The Company (with the affirmative vote of two-thirds of the entire membership of the Board of Directors at a meeting of the Board of Directors called and held for such purpose) or the Executive may elect to terminate the automatic extension of the Term set forth in Section 2(a) ("Automatic Extension") by giving written notice of such election. Any notice given hereunder must be given not less than 180 days three years prior to the applicable Automatic Extension Dateend of the then current Term.

Appears in 7 contracts

Samples: Employment Agreement (Genesis Health Ventures Inc /Pa), Employment Agreement (Genesis Health Ventures Inc /Pa), Employment Agreement (Genesis Health Ventures Inc /Pa)

Termination of Automatic Extension by Notice. The Company (with the affirmative vote of two-thirds of the entire non-management membership of the Board of Directors at a meeting of the Board of Directors called and held for such purpose) or the Executive may elect to terminate the automatic extension of the Term set forth in Section 2(a) ("Automatic Extension") by giving written notice of such election. Any notice given hereunder must be given not less than 180 60 days prior to the applicable Automatic Extension Date.

Appears in 7 contracts

Samples: Employment Agreement (Neighborcare Inc), Employment Agreement (Genesis Healthcare Corp), Employment Agreement (Genesis Healthcare Corp)

Termination of Automatic Extension by Notice. The Company (with the affirmative vote of two-thirds of the entire non-management membership of the Board of Directors at a meeting of the Board of Directors called and held for such purpose) or the Executive may elect to terminate the automatic extension of the Term set forth in Section 2(a) ("β€œAutomatic Extension"”) by giving written notice of such election. Any notice given hereunder must be given not less than 180 60 days prior to the applicable Automatic Extension Date.

Appears in 1 contract

Samples: Employment Agreement (Genesis Healthcare Corp)

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Termination of Automatic Extension by Notice. The Company (with the affirmative vote of two-thirds of the entire non-management membership of the Board of Directors at a meeting of the Board of Directors called and held for such purpose) or the Executive may elect to terminate the automatic extension of the Term set forth in Section 2(a) ("Automatic Extension") by giving written notice of such election. Any notice given hereunder must be given not less than 180 60 days prior to the applicable Automatic Extension Date.

Appears in 1 contract

Samples: Employment Agreement (Genesis Health Ventures Inc /Pa)

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