Employment Term. The Company shall employ Executive, and Executive hereby accepts such employment with the Company, upon the terms and conditions set forth in this Agreement, for the period commencing as of the Effective Date and continuing for two (2) years following the Effective Date (the “Initial Term”) unless extended or terminated as provided herein. This Agreement shall automatically renew at the end of Initial Term for an additional one (1) year period and, thereafter, for successive one (1) year periods (each a “Renewal Term”), unless written notice of nonrenewal is given by either party to this Agreement no less than 60 days prior to the Renewal Date (the Initial Term and each Renewal Term are referred to separately as the “Employment Period”). Additionally, the Employment Period # shall automatically terminate upon # Executive’s death, # the Board’s reasonable determination of Executive’s Disability, # may be terminated by the Company at any time for any or no reason by giving Executive written notice of such termination, or # may be terminated by the Executive with 60 days advance written notice to the Company. The date that the Employment Period terminates for any or no reason is referred to herein as the “Termination Date.”
Term. The Company hereby continues to employ Executive for a term (as the same may be extended, the “Term”) commencing as of May 21, 2018 and continuing until May 21, 2021, unless terminated earlier in accordance with the provisions of Section 7. On May 21, 2021, the Term shall automatically be extended for successive one-year periods in accordance with the terms of this Agreement (subject to termination as aforesaid) unless either party notifies the other party of non-renewal in writing, in accordance with [Section 12, 90] days prior to the expiration of the initial period or any subsequent renewal period.
Term. The term of employment under this Agreement shall commence on the Commencement Date and shall continue for three (3) years thereafter (such three-year period, the “Initial Term”) unless sooner terminated as contemplated herein; provided, however, that, unless sooner terminated as contemplated herein, beginning on the first day after the Initial Term and on every anniversary of such date thereafter (each a “Renewal Date”), the then-existing term of this Agreement shall automatically be renewed one additional year (any such renewal term, an “Extension Period”) unless either party gives the other written notice of non-renewal not less than three hundred sixty-five days (365) days prior to the end of the Initial Term (or the Extension Period, as applicable). For the avoidance of doubt, notice of non-renewal of this Agreement given at any other time shall be void and ineffective. Written notice of non-renewal by Employer shall be solely pursuant to a duly adopted resolution of Employer’s board of directors (the “Board”). Upon the date of expiration of the term of this Agreement, Employee shall cease to be employed and shall have no further rights, including but not limited to rights under Section 8, or obligations hereunder, except obligations set forth in Sections 3, 10 and 11.
The Company will continue to employ the Executive for a period of one (1) year after the date of this Agreement (the “Initial Term”). This Agreement will automatically renew each year after the Initial Term for one (1) additional year (each a “Renewal Period”); provided, however, that either party may elect not to renew this Agreement for any Renewal Period by providing ninety (90) days’ written notice of such election prior to the end of the Initial Term or any Renewal Period. If this Agreement is not renewed by the Executive, no Severance Package shall be paid. If this Agreement is not renewed by the Company, the Executive shall be entitled to the Severance Package. Notwithstanding this Section 2.1, the Executive’s employment under this Agreement may be earlier terminated pursuant to Article 4.
Initial Term B-1 Loans. Subject to the terms and conditions set forth in Amendment No. 7, each of the following Term B-1 severally agrees to make to the Borrower on the Amendment No. 7 Effective Date, loans (collectively, the “Initial Term B-1 Loans”) denominated in Dollars as follows: # each Consenting Third Incremental Term Lender that elects the “Consent and Cashless Amendment” option on its Third Incremental Term Lender Consent agrees to have all of its outstanding Third Incremental Term Loans (or such lesser amount as may be notified to such Consenting Third Incremental Term Lender by the Administrative Agent or the Amendment No. 7 Arrangers prior to the Amendment No. 7 Effective Date) converted into a like principal amount of Initial Term B-1 Loans effective as of the Amendment No. 7 Effective Date, # each Additional Initial Term B-1 Lender severally agrees to make to the Borrower, loans (collectively, the “Additional Initial Term B-1 Loans”) denominated in Dollars in an aggregate amount equal to the amount of such Additional Initial Term B-1 Lender’s Additional Initial Term B-1 Commitment and # each Consenting Third Incremental Term Lender that elects the “Consent and Post-Closing Settlement” option on its Third Incremental Term Lender Consent agrees to have the entire amount of its outstanding Third Incremental Term Loans assigned to the Additional Initial Term B-1 at par on the Amendment No. 7 Effective Date and following the Amendment No. 7 Effective Date, such Consenting Third Incremental Term Lender (or its designated Affiliate, if agreed by the Amendment No. 7 Arrangers) shall purchase by assignment Initial Term B-1 Loans in an equal principal amount as its outstanding Third Incremental Term Loans or such lesser amount allocated to such Consenting Third Incremental Term Lender by the Amendment No. 7 Arrangers. Amounts borrowed under this Section 2.01(g) and repaid or prepaid may not be reborrowed. Initial Term B-1 Loans shall be made as Term SOFR Loans as further provided in Amendment No. 7. Each Consenting Third Incremental Term Lender hereby agrees to waive any entitlement to any breakage loss or expenses due under Section 3.05 with respect to the repayment of its Third Incremental Term Loans it holds as a Term Lender which have been replaced with Initial Term B-1 Loans.
Term. Except as expressly provided otherwise in this Services Agreement, or with respect to specific services as indicated on the Schedules hereto, the term of this Services Agreement shall be for an initial period commencing at 12:01 a.m. on the date immediately following the date hereof and ending on January 31, 2019 (the Initial Term). Effective between the respective Provider and Recipient, the Initial Term may be extended for an additional period ending on the one-year anniversary of the date hereof, or such other period set forth on [Schedule A] or [Schedule B] (the Renewal Term) at the request of a Recipient by written notice from such Recipient to its Provider, with copies to and ; any such notice shall be made not less than two months prior to the end of the Initial Term. The obligation of any Recipient to make a payment for services previously rendered shall not be affected by the expiration of the Initial Term or Renewal Term and shall survive such expiration and continue until full payment is made.
Renewal Premiums. The Ceding Company shall not accept additional premium in accordance with [Section 3.02] with respect to any tax sheltered Reinsured Policy, except as required by the express terms of such Reinsured Policy.
“Additional Initial Term B-1 Commitment” means, for any Term Lender, the commitment amount set forth opposite such Term Lender’s name in [Schedule 1.01(A)] under the caption “Additional Initial Term B-1 Commitment” (as amended pursuant to the terms of Amendment No. 7). The aggregate amount of the Term ’ Additional Initial Term B-1 Commitments on the Amendment No. 7 Effective Date (immediately prior to the incurrence of the Additional Initial Term B-1 Loans on such date) is $523,687,500.00.
“Selected Renewal Term