Plastic2Oil Inc (PTOI)

[scion]

2. EMPLOYMENT TERM. Except for earlier termination as provided in Section 6, the Executive's employment under this Agreement shall be for five (5) years starting on the Effective Date and ending on May 19, 2012 (the “Initial Term”).

Subject to Section 5, at the end of the Initial Term this Agreement may be extended for additional terms by mutual agreement of the parties (“Additional Term”). The amount of compensation payable to the Executive during any extension of the Initial Term shall be discussed and agreed upon by both parties 30 days before the Agreement termination date. The Initial Term and any Additional Term shall be referred to herein as the “Employment Term.”

http://www.sec.gov/Archives/edgar/data/1381105/000121390010002101/f8k051910ex10i_jbi.htm