Document ID: 15143

Text:
1.Employment. The Company shall employ Employee, and Employee accepts employment with the Company, upon the terms and conditions set forth in this Agreement for the period beginning on the Effective Date and ending on the third anniversary of such date (the Initial Term); provided, however, that (a) on such third anniversary date (and on the fourth and fifth anniversary dates of the Effective Date thereafter), the term of this Agreement will automatically (without any action by either party) be extended for one additional year (each, a Renewal Period), unless, at least 90 days prior to either the third, fourth, or fifth anniversary date of the Effective Date, as applicable, the Company or Employee has given written notice to the other party (a Non-Renewal Notice) that the Company or Employee does not wish to extend the term of the Agreement (a Non-Renewal), and (b) the Initial Term or any Renewal Period, as applicable, may be terminated prior to the expiration thereof in accordance with Section 4. Either party may elect not to renew this Agreement; provided, that, if no Non-Renewal Notice is given, and if this Agreement is not terminated earlier in accordance with Section 4, the Agreement will expire by its terms on the sixth anniversary of the Effective Date, unless extended by mutual agreement of the parties hereto. The term Employment Term means the period from the Effective Date until the expiration of the Initial Term and any applicable Renewal Period pursuant to this Section 1 or in accordance with Section 4 of this Agreement.

Named Entities:
40
41
TerminationDate
98
100
RenewalTerm
245
246
TerminationDate

Tokenized Text:
1
.
Employment
.
The
Company
shall
employ
Employee
,
and
Employee
accepts
employment
with
the
Company
,
upon
the
terms
and
conditions
set
forth
in
this
Agreement
for
the
period
beginning
on
the
Effective
Date
and
ending
on
the
third
anniversary
of
such
date
(
the
Initial
Term
)
;
provided
,
however
,
that
(
a
)
on
such
third
anniversary
date
(
and
on
the
fourth
and
fifth
anniversary
dates
of
the
Effective
Date
thereafter
)
,
the
term
of
this
Agreement
will
automatically
(
without
any
action
by
either
party
)
be
extended
for
one
additional
year
(
each
,
a
Renewal
Period
)
,
unless
,
at
least
90
days
prior
to
either
the
third
,
fourth
,
or
fifth
anniversary
date
of
the
Effective
Date
,
as
applicable
,
the
Company
or
Employee
has
given
written
notice
to
the
other
party
(
a
Non-Renewal
Notice
)
that
the
Company
or
Employee
does
not
wish
to
extend
the
term
of
the
Agreement
(
a
Non-Renewal
)
,
and
(
b
)
the
Initial
Term
or
any
Renewal
Period
,
as
applicable
,
may
be
terminated
prior
to
the
expiration
thereof
in
accordance
with
Section
4
.
Either
party
may
elect
not
to
renew
this
Agreement
;
provided
,
that
,
if
no
Non-Renewal
Notice
is
given
,
and
if
this
Agreement
is
not
terminated
earlier
in
accordance
with
Section
4
,
the
Agreement
will
expire
by
its
terms
on
the
sixth
anniversary
of
the
Effective
Date
,
unless
extended
by
mutual
agreement
of
the
parties
hereto
.
The
term
Employment
Term
means
the
period
from
the
Effective
Date
until
the
expiration
of
the
Initial
Term
and
any
applicable
Renewal
Period
pursuant
to
this
Section
1
or
in
accordance
with
Section
4
of
this
Agreement
.