Example ContractsClausesterm of optionIdentical
Term of Option
Term of Option contract clause examples

Term. The term of the Executive’s employment with the Company shall commence on the Effective Date and shall continue until and including the third anniversary of the Effective Date unless earlier terminated as provided herein or extended as described in this paragraph (the “Initial Term”). The Initial Term shall be renewed automatically for periods of one year (each, an “Extended Term”) commencing at the third anniversary of the Effective Date and each subsequent anniversary thereof, unless written notice of non-renewal is given by either party to the other not less than 180 days prior to the end of the Initial Term or any Extended Term. As used herein, “Term” shall include the Initial Term and any Extended Term, but the Term shall end upon any termination of the Executive’s employment with the Company as provided herein. Notwithstanding the foregoing, in the event a Change in Control (as defined in Section 6(d)) occurs during the Initial Term or any Extended Term, the Term shall be extended until 18 months after the Change in Control.

EMPLOYMENT AGREEMENT
Source: SEC EDGAR database • Date: May 8, 2018 • SIC: 7374 • CIK: 7374
EMPLOYMENT AGREEMENT
Source: SEC EDGAR database • Date: June 8, 2018 • SIC: 7374 • CIK: 7374

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