Common use of Three Year Contract Clause in Contracts

Three Year Contract. The term of this Agreement will begin as of the Effective Date and shall continue thereafter for a period of three (3) years.

Three Year Contract. The term of this Agreement will begin as of the Effective Date and shall continue thereafter for a period of three (3) years. Notwithstanding the foregoing, in the event that the Company or the Bank has entered into an agreement to effect a transaction which would be considered a Change in Control as defined below, then the term of this Agreement shall be extended and shall terminate twenty-four (24) months following the date on which the Change in Control occurs.