Common use of Additional Term Clause in Contracts

Additional Term. After the Initial Term, and unless Executive’s employment has been terminated pursuant to Section 10 or by either party upon 30-days written notice prior to the end of the Initial Term or any Additional Term that such party does not wish to extend the Agreement, the term of this Agreement shall be renewed automatically for successive one-year terms (each an “Additional Term”).

Additional Term. After the Initial Term, and unless Executive’s employment has been terminated pursuant to Section 10 or by either party upon has provided to the other party 30-days days’ written notice prior to the end of the Initial Term or any Additional Term that such party does not wish to extend the Agreement, the term of this Agreement shall be renewed automatically for successive one-year terms (each an “Additional Term”, and collectively with the Initial Term, the “Term”).