Javaboy thanks for the response. I really am curious as to how it works.
But I still don't understand...
What does "automatically renewable" mean? To me, that would mean at the end of the five-year period, a new five-year period starts automatically, no questions asked. (Unless it is "for cause," I suppose, but then I would assume they can terminate for cause at any time, not just at the end of the five year period.)
But, if it is truly "automatically renewable," why go through the rigamarole of having the five year period in the first place? Seems like an unnecessary hassle or technicality. So why have it?
And, correct me if I am wrong, but so far the "automatically renewable" part is still just a management promise, no? I mean, jB is not five years old yet, so so far no one has had their contract "automatically" renewed, so no one yet really knows how this works in actual application, correct?
I would also be interested in the "there's more" if you are able to share.