Term of Employment Clause Example from Business Contracts

Term of Employment. Subject to the provisions of Section 5 of this Agreement, the Executive shall be employed by the Company for a period commencing on the date of the consummation of the Qualified Offering (defined below) (the "Effective Date") and ending on the third (3rd) anniversary of the Effective Date (the "Term"). The Term shall be renewed automatically for additional one (1) year period(s) unless terminated by the Company in writing by notice to Executive delivered no fewer than ninety (90) days prior to e...xpiration of the then-applicable Term. View More