Term of Agreement Clause Example with 5 Variations from Business Contracts

Term of Agreement. The initial term of this Agreement shall be for a period of three years, commencing on the effective date. On the first anniversary of the effective date of this Agreement and on each anniversary thereafter, this Agreement shall be extended automatically for one additional year, unless Middlefield's board of directors gives notice to the Executive in writing at least 90 days before the anniversary that the term of this Agreement will not be extended. If the board of directors determines not to e...xtend the term, it shall promptly notify the Executive. References herein to the term of this Agreement mean the initial term and extensions of the initial term. If the board of directors decides not to extend the term of this Agreement, this Agreement shall nevertheless remain in force until its term expires. 6 7. This Agreement Is Not an Employment Contract. The parties hereto acknowledge and agree that (x) this Agreement is not a management or employment agreement and (y) nothing in this Agreement shall give the Executive any rights or impose any obligations to continued employment by Middlefield or any subsidiary or successor of Middlefield. View More

Term of Agreement. The initial term of this Agreement shall be for a period of three years, commencing on the effective date. On the first anniversary of the effective date of this Agreement and on each anniversary thereafter, this Agreement shall be extended automatically for one additional year, unless Middlefield's board of directors gives notice to the Executive in writing at least 90 days before the anniversary that the term of this Agreement will not be extended. If the board of directors determines not to e...xtend the term, it shall promptly notify the Executive. References herein to the term of this Agreement mean the initial term and extensions of the initial term. If the board of directors decides not to extend the term of this Agreement, this Agreement shall nevertheless remain in force until its term expires. 5 5. This Agreement Is Not an Employment Contract. The parties hereto acknowledge and agree that (x) this Agreement is not a management or employment agreement and (y) nothing in this Agreement shall give the Executive any rights or impose any obligations to continued employment by Middlefield or any subsidiary or successor of Middlefield. View More

Term of Agreement. The initial term of this Agreement shall be for a period of is three years, commencing on the effective date. date of this Agreement first written above. On the first anniversary of the effective date of this Agreement and on each anniversary thereafter, thereafter this Agreement shall will be extended automatically for one additional year, unless Middlefield's Cortland Bancorp's board of directors gives notice to the Executive in writing at least 90 days before the anniversary that the term of ...this Agreement will not be extended. If the board of directors determines not to extend the term, it shall the board will promptly notify the Executive. References herein to the term of this Agreement mean the initial term and extensions of the initial term. Unless terminated earlier, this Agreement terminates when the Executive attains age 65. If the board of directors decides not to extend the term of this Agreement, this Agreement shall nevertheless remain remains in force until its term expires. View More

Term of Agreement. The initial term of this Agreement shall be for a period of is three years, commencing on the effective date. date of this Agreement first written above. On the first anniversary of the effective date of this Agreement and on each anniversary thereafter, thereafter this Agreement shall will be extended automatically for one additional year, unless Middlefield's Cortland Bancorp's board of directors gives notice to the Executive in writing at least 90 days before the anniversary that the term of ...this Agreement will not be extended. If the board of directors determines not to extend the term, it shall the board will promptly notify the Executive. References herein to the term of this Agreement mean the initial term and extensions of the initial term. Unless terminated earlier, this Agreement terminates when the Executive attains age 65. If the board of directors decides not to extend the term of this Agreement, this Agreement shall nevertheless remain remains in force until its term expires. View More

Term of Agreement. The initial term of this Agreement shall be for a period of three years, commencing on is two years from the effective date. date of this Agreement first written above. On the first anniversary of the effective date of this Agreement and on each anniversary thereafter, thereafter the term of this Agreement shall be extended will extend automatically for one additional year, unless Middlefield's Eagle Bancorp's board of directors gives notice to the Executive in writing at least 90 days before th...e anniversary that the term of this Agreement will not be extended. If the board of directors determines not to extend the term, it shall the board of directors will promptly notify the Executive. Executive or cause the Executive to be notified. References herein to the term of this Agreement mean the initial term and extensions of the initial term. If the board of directors decides not to extend the term of this Agreement, this Agreement shall nevertheless remain remains in force until its term expires. View More