Common use of Extension of Initial Term Clause in Contracts

Extension of Initial Term. Notwithstanding anything to the contrary in Section 1(a) of this Agreement, upon the expiration of the Initial Term (March 11, 2003), this Agreement shall be renewed automatically for an additional one (1) year term (the "Renewal Term").

Appears in 2 contracts

Sources: Employment Agreement (Fairchild Semiconductor International Inc), Employment Agreement (Fairchild Semiconductor International Inc)

Extension of Initial Term. Notwithstanding anything to the contrary in Section 1(a) of this Agreement, upon the expiration of the Initial Term (March 11, 2003), this Agreement shall be renewed automatically for an additional one two (12) year term (the "Renewal Term").

Appears in 1 contract

Sources: Employment Agreement (Fairchild Semiconductor International Inc)