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Term of Employment
Term of Employment contract clause examples
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Term of Employment. This Agreement shall commence on the Effective Date and shall expire on 5:00 p.m. E.S.T. on September 13, 2021 (the “Initial Term”), unless terminated earlier pursuant to the provisions of [Section 5] hereof. The term of employment shall be renewed automatically for successive periods of one (1) year each (a “Renewal Term”) after the expiration of the Initial Term, unless Silvercrest provides you, or you provide Silvercrest, with written notice to the contrary at least one hundred eighty (180) calendar days prior to the end of the Initial Term or any Renewal Term. The Initial Term and any Renewal Terms are collectively referred to herein as the “Term.” You shall be an employee “at will” whose employment can be terminated at any time subject to this Agreement. If either Silvercrest or you elect not to renew the Term of this Agreement in accordance with this [Section 2] and you thereafter continue in employment with Silvercrest or its affiliates, you shall continue to be employed on an at-will basis and the terms of such employment and any subsequent termination of employment shall be subject solely to Silvercrest’s general employment practices and policies. In the event of a “Change of Control” (as such term is defined in the Silvercrest TRA) during the Term, the Term automatically will be extended until the later of # the second anniversary of the Change of Control, or # the scheduled expiration of the then-current Term.

The term of the Employee’s employment by the Company under this Agreement (the “Employment Term”) will commence on the Effective Date and will continue until the Employee’s employment is terminated by either Party under [Section 5]. The date on which the Employee’s employment ends is referred to in this Agreement as the “Termination Date.” For the purpose of [Sections 5 and 6]6] of this Agreement, the Termination Date shall be the date upon which the Employee incurs a “separation from service” as defined in Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and regulations issued thereunder (collectively, “Code [Section 409A]”).

Term of Employment. Unless terminated earlier as provided in Paragraph 3, the Company’s employment of Executive under this Agreement will continue for four (4) years from the Closing Date, provided, however, that the term of employment under this Agreement will be automatically renewed for successive one-year periods (the first of which will commence on the fourth anniversary of the Closing Date) unless, at least ninety (90) days prior to the end of the then current term of employment under this Agreement, Executive or the Company gives written notice to the other of the notifying party’s intent not to renew the term of employment under this Agreement as of the end of the then current term.

Term of Employment. The term of your employment under the terms and conditions set forth in this Agreement will commence on March 1, 2021 (the “Effective Date”) and shall continue until terminated by either party (the period of employment being, the “Term”).

Term of Employment. The term of this Agreement and Executive’s employment hereunder shall commence on and as of the Effective Date and, unless this Agreement is sooner terminated in accordance with its terms, shall end on the date which is the second anniversary of the Effective Date; provided, however, that on each anniversary of the Effective Date the term of this Agreement will be automatically extended for an additional period of one year (such that the remaining term of this Agreement at the time of such extension will be two years) unless Employer, on the one hand, or Executive, on the other, gives the other Party written notice of its election to not permit the term of this Agreement to be so automatically extended at least 90 days prior to the applicable anniversary of the Effective Date. The term of this Agreement, as extended in accordance with the terms of this Section 3, is referred to herein as the “Term.”

Term of Employment. Executive’s employment under this Agreement shall commence on October 1, 2021 (the “Start Date”) and continue until the third annual anniversary of such date, unless terminated earlier pursuant to Article III herein (the “Initial Employment Term”). The Employment Term shall be extended automatically for successive one-year periods unless, at least 60 days prior to expiration of the Employment Term, either party gives written notice to the other party that it does not wish to renew the Agreement (such one-year extension(s) and the Initial Employment Term to be, collectively, the “Employment Term”).

Term of Employment. The Company agrees to employ the Executive as its President and Chief Executive Officer and the Executive agrees to continue such employment with the Company until the first anniversary of the date hereof (the “Initial Term”) unless sooner terminated as provided in this Agreement. At the conclusion of the Initial Term, and annually thereafter, the term shall automatically be extended by an additional one (1) year, unless either party elects not to extend the term by giving the other party written notice of its election at least ninety (90) days prior to the applicable expiration date. The Initial Term and all extensions are referred to as the “Employment Period”.

Term of Employment. Unless terminated earlier as provided below, the Company’s employment of Executive under this Agreement will continue until December 31, 2023 (the “Term”), provided, however, that the Term will be automatically renewed and extended for successive one-year period(s) unless, at least ninety (90) days prior to the end of the Term or any subsequent renewal term, Executive or the Company gives written notice to the other party of the notifying party’s intent not to extend the Term or any renewal term.

Term of Employment. Unless earlier terminated as hereinafter provided, the initial employment term shall be for a period beginning on January 8, 2021 (the “Employment Date”) and ending three (3) years after the Employment Date (such period referred to as the “Initial Term”). Unless # either party gives written notice at least sixty (60) days before expiration of the Initial Term or any Additional Term that they wish to either cease the terms of this Agreement being applicable to Executive’s continued employment and such employment will then continue “at will” (i.e., be terminable by either Executive or the Company at any time and for any reason, with or without cause), and subject to such terms and conditions established by the Company from time to time, or # Executive’s employment is earlier terminated as hereinafter provided, the term of Executive’s employment under this Agreement will be automatically extended after the Initial Term, under the terms contained herein, on a year-to-year basis (such one-year periods referred to as “Additional Terms”). For purposes of this Agreement, the termEmployment Term” shall mean the Initial Term plus all Additional Terms.

Term of Employment. The Company shall continue to employ the Executive and the Executive shall continue to serve the Company and its Subsidiaries, on the terms and conditions set forth herein, until December 31, 2020, unless terminated as hereinafter set forth, or as mutually agreed to by the parties (the "Term").

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