Common use of Annual or Multi-Annual Plan Schedule Term Clause in Contracts

Annual or Multi-Annual Plan Schedule Term. For an Annual or Multi-Annual Plan with [Reseller], the Schedule Initial Term is the period from the date of Your acceptance of the Schedule through the remainder of that calendar month and the subsequent period of 12 months, unless the parties have agreed in writing to a longer term. A Schedule Renewal Term for an Annual or Multi-Annual Plan is defined as the twelve-month period beginning at the end of the Schedule Initial Term and each subsequent twelve-month period thereafter.