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 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 hereof for a period of one year on the same terms and conditions contained herein, such that the term (the "Term") of this Agreement shall extend 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 following ways:

Appears in 1 contract

Sources: Employment Agreement (School Specialty Inc)

Term; Termination; Rights on Termination. (a) The term of this Agreement shall begin on the date hereof and continue for twenty-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 hereof for a period of one year on the same terms and conditions contained herein, such that the term 24) consecutive months (the "Term"). (b) The Term of this Agreement shall extend for a period of three years from the date of such extension. This Agreement and Employee's employment hereunder may be terminated in any one of the following followings ways:

Appears in 1 contract

Sources: Employment Agreement (U S a Floral Products Inc)

Term; Termination; Rights on Termination. The term of this Agreement shall begin on the date hereof and continue for four _______ (__) years (the "Initial Term"), and, unless terminated sooner as herein provided, shall be extended at the end of each continue thereafter on a year-to-year beginning at the end of the second year of the Initial Term hereof for a period of one year basis on the same terms and conditions contained herein, such that the term (the "Term") of this Agreement shall extend 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 following followings ways:

Appears in 1 contract

Sources: Employment Agreement (Palex Inc)

Term; Termination; Rights on Termination. The term of this Agreement shall begin on the date hereof and continue for four years one (the "Initial Term")1) year, and, unless terminated sooner as herein provided, shall be extended at the end of each continue thereafter on a year-to- year beginning at the end of the second year of the Initial Term hereof for a period of one year basis on the same terms and conditions contained herein, such that the term (the "Term") of this Agreement shall extend 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 following followings ways:

Appears in 1 contract

Sources: Employment Agreement (Fyi Inc)

Term; Termination; Rights on Termination. The term of this Agreement shall begin on the date hereof and continue for four 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 second first year of the Initial Term hereof for a period of one year on the same terms and conditions contained herein, such that the term (the "Term") of this Agreement shall extend for a period of three two years from the date of each such extension. This Agreement and Employee's employment may be terminated in any one of the following ways:

Appears in 1 contract

Sources: 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 four years one year (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 hereof and ongoing successive terms, for a period of one year on the same terms and conditions contained herein, such that the term herein (the "Term") of this Agreement ), provided, however, that with each successive Term, Employee's compensation shall extend for a period of three years from the date of such extensionbe adjusted in accordance with Section 2 - 7 - 8 hereof. This Agreement and Employee's employment may be terminated in any one of the following followings ways:

Appears in 1 contract

Sources: 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 four two years (the "Initial Term"), ------------ and, unless terminated as otherwise herein provided, shall be extended at the end of each continue thereafter on a year-to-year beginning at the end of the second year of the Initial Term hereof for a period of one year basis on the same terms and conditions contained herein, such that the term (the "Term") of this Agreement shall extend 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 following ways:

Appears in 1 contract

Sources: 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 four two (2) years (the "Initial Term"), and, unless terminated sooner as herein provided, shall be extended at the end of each continue thereafter on a year-to-year beginning at the end of the second year of the Initial Term hereof for a period of one year basis on the same terms and conditions contained herein, such that the term (the "Term") of this Agreement shall extend 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 following ways:

Appears in 1 contract

Sources: Employment Agreement (Fyi Inc)

Term; Termination; Rights on Termination. The term of this Agreement shall begin on the date hereof and continue for four years one year (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 hereof and ongoing successive terms, for a period of one year on the same terms and conditions contained herein, such that the term herein (the "Term") of this Agreement ), provided, however, that each successive Term, Employee's compensation shall extend for a period of three years from the date of such extensionbe adjusted in accordance with Section 2 hereof. This Agreement and Employee's employment may be terminated in any one of the following ways:

Appears in 1 contract

Sources: Employment Agreement (Colorado Prime Corp)

Term; Termination; Rights on Termination. The term of this Agreement ---------------------------------------------- shall begin on the date hereof and continue for four three years (the "Initial initial Term"), and, 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 hereof and ongoing successive terms, for a period of one year on the same terms and conditions contained herein, such that the term herein (the "Term") of this Agreement shall extend for a period of three years from the date of such extension. Term")- This Agreement and Employee's employment may be he terminated in any one of the following ways:

Appears in 1 contract

Sources: Employment Agreement (Simplagene Usa Inc)

Term; Termination; Rights on Termination. The term of this Agreement shall begin on the date hereof and continue for four years one (1) year (the "Initial Term"), and, unless terminated sooner as herein provided, shall be extended at the end of each continue thereafter on a year-to-year beginning at the end of the second year of the Initial Term hereof for a period of one year basis on the same terms and conditions contained herein, such that the term (the "Term") of this Agreement shall extend 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 following ways:;

Appears in 1 contract

Sources: Employment Agreement (Awg LTD)

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

Appears in 1 contract

Sources: Employment Agreement (Prime Foods Development Corp)