For tv actors, are they given five year contracts or six/seven year contracts?

For tv actors, are they given five year contracts or six/seven year contracts? I've heard of some shows giving five year contracts while regarding other shows, a six or seven year contract was used. Just curious about this. If a series becomes mega popular like a 90210 at its peak or Game of Thrones, do they usually just have the cast sign extensions to these contracts or throw them out for a new one altogether?
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