Common use of Extension of Initial Term Clause in Contracts

Extension of Initial Term. Upon expiration of the initial term of this Agreement, this Agreement shall be extended automatically for successive terms of one year each, unless either the Corporation or the Employee gives contrary written notice to the other not later than 90 days prior to the annual anniversary date thereof.

Extension of Initial Term. Upon expiration of the initial term each __________ anniversary date of this Agreement, this Agreement shall be extended automatically for successive terms of one year each, unless either the Corporation or the Employee gives contrary written notice to the other not later than 90 days prior to the annual __________ anniversary date thereofdate.