Common use of Consulting Term Clause in Contracts

Consulting Term. Subject to the terms and conditions contained herein, the Company agrees to retain Consultant and Consultant agrees to serve as a consultant for a term commencing with the Effective Date and ending on the second (2nd) anniversary of the Effective Date. Thereafter, the consulting term and this Agreement shall be automatically extended on a year-to-year basis unless otherwise terminated in accordance with Section 8.