Anniversary Coordination Clause Samples
The Anniversary Coordination clause establishes how the parties will align or recognize the anniversary date of their agreement or a specific event within the contract. Typically, this clause details the method for determining the anniversary date, such as referencing the original effective date or the date of a key milestone, and may outline procedures for coordinating renewals, reviews, or adjustments tied to that date. Its core function is to ensure both parties have a clear, shared understanding of important contract timelines, thereby preventing confusion and facilitating smooth administration of ongoing obligations.
Anniversary Coordination. For Fixed Terms of six months or more only, initial or subsequent Fixed Terms entered into on a date other than the Anniversary may be renewed at the next Anniversary for an additional period, at a pro- rated renewal charge, in order to extend the Fixed Term to the following Anniversary.
Anniversary Coordination. For Passport Advantage customers entering into this agreement for Terms of six months or more, initial or subsequent Terms entered into on a date other than the Anniversary may be renewed at the next Anniversary for an additional period, at a pro-rated renewal charge, in order to extend the Term to the following Anniversary. For customers acquiring this offering under the terms of Passport Advantage Express, this section does not apply.