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Expansion Term
Expansion Term contract clause examples

Term. The employment of Executive hereunder shall commence on the date hereof and end on August 31, 2023, provided, that Executive shall have the right in his sole discretion to extend the term for an additional 12 months ending on August 31, 2024, by notifying the Company in writing of such no later than June 1, 2023, subject in all respects to earlier termination upon the terms and conditions provided elsewhere herein. The term during which Executive is employed hereunder shall be referred to herein as the “Term”. As used herein, “Termination Date” means the last day of the Term.

Term of Employment. The term of Executive’s employment by the Company pursuant to this Agreement shall commence on June 13, 2022 (the “Effective Date”) and shall terminate in accordance with [Section 4] hereof (such term, the “Term”).

Effective Date and Term. The commencement date of this Agreement shall be as of January 1, 2023 (the “Commencement Date”). Subject to the provisions of Section 6, the term of Executive’s employment hereunder shall be from the Commencement date through December 31, 2027 (the “Term”), The last day of the Term is herein sometimes referred to as the “Expiration Date.”

Term of Employment. The term of Executive’s employment by the Company pursuant to this Agreement shall commence on June 1, 2022 (the “Effective Date”) and shall terminate in accordance with [Section 4] hereof (such term, the “Term”).

Term of Employment. Subject to the terms of this Agreement, the Company shall employ Executive, and Executive shall serve the Company for a continuous term beginning on June 19, 2023 (the “Start Date”) and ending on the fifth anniversary of the Start Date (the “Initial Term”). On the day following the last day of the Initial Term and each anniversary thereof, the term of this Agreement shall be extended automatically for additional one (1)-year periods (each, a “Renewal Term”), on the same terms and conditions as set forth in this Agreement (as may be modified in writing from time to time by the parties), unless either party gives the other party written notice of its decision not to renew the term of this Agreement at least one-hundred and twenty (120) days prior to the end of the Initial Term or any Renewal Term. Notwithstanding the foregoing, either party may terminate this Agreement prior to the expiration of the Term of Employment pursuant to, and with the effect set forth in, Section 7. The period between the Start Date and the termination or expiration of Executive’s employment hereunder or pursuant to Section 7 is referred to herein as the “Term of Employment.”

Term. The Term of Executive’s employment under the Agreement shall commence on the First Amendment Effective Date, and shall continue, unless sooner terminated, until May 31, 2022. The Term and any further extension that may be mutually agreed upon by the Company and Executive are subject to early termination as provided elsewhere herein. Upon expiration of the Term, Executive shall be deemed an at-will employee of Company, and the terms and conditions of this Agreement, including any entitlement in separation benefits, shall terminate, except for those terms that expressly survive the Extended Term or termination of employment.

Term of Employment by the Company. The Company hereby agrees to employ the Executive for a term commencing on the Effective Date and expiring on December 31, 2016 (the “Scheduled Termination Date”), unless earlier terminated as provided in Section 4 or extended by mutual written agreement of the Company and the Executive (the “Term”).

Term. The term of this Agreement shall commence on March 1, 2022 and end on March 1, 2025 (“Initial Term”). However, at the end of the Initial Term, and, if extended, at the end of each additional year thereafter, so long as the Executive is still an employee of the Company, the term of this Agreement will be automatically extended for another year, unless the Company shall have provided written notice to the Executive at least six months before the end of the then-current term that it does not want the term to be extended. Notwithstanding the foregoing, this Agreement shall not terminate during the Employment Period.

Term. Subject to the terms hereof, Executive’s employment hereunder shall commence as of the date hereof and shall continue until terminated hereunder by either party.

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