Current Term Clause Samples
The "Current Term" clause defines the specific period during which an agreement or contract is in effect at any given time. It typically outlines the start and end dates of the present contractual period, and may reference renewal or extension provisions that affect how the term continues. By clearly establishing the active timeframe of the agreement, this clause ensures both parties understand their ongoing rights and obligations, reducing confusion about when the contract is enforceable.
Current Term. During the Current Term, the Executive shall serve in the capacity as defined in Paragraph 1 and the parties agree that the Company shall elect the Executive to these offices, on an annual basis if necessary, during the Current Term of this Agreement.
Current Term. Subject to Paragraph 2(c), the Current Term of this Agreement shall extend for three (3) years commencing on January 1, 2007. The Current Term is subject to extension in accordance with the provisions of Paragraph 15 of this Agreement.
Current Term. During the Current Term, the Executive shall serve as the Company's Senior Vice President and the parties agree that the Company shall elect the Executive to this office, on an annual basis if necessary, during the Current Term of this Agreement.
Current Term. Subject to Paragraph 2(c), the Current Term of this Agreement shall extend for three (3) years commencing on January 1, 2013. If the Current Term of this Agreement expires without there having been a Change in Control (as hereinafter defined), this Agreement may be renewed for successive one (1) year terms, as of the day following such expiration, by the Company through action of the Compensation Committee of the Board of Directors, unless, during the period beginning ninety (90) days prior and ending thirty (30) days prior to such day, either the Company or Executive shall have given notice to the other that this Agreement will not be renewed. If the Company determines to extend or renew this Agreement as provided under this Paragraph, the new Agreement shall be identical to this Agreement (except insofar as the Company and Executive may otherwise agree in writing) except that the date of the new Agreement shall be as of the day following the expiration of the Current Term of this Agreement or any renewal term.
Current Term. Subject to Paragraph 2(c), the Current Term of this Agreement shall extend to December 31, 2022. If the Current Term of this Agreement expires without there having been a Change in Control (as hereinafter defined), this Agreement shall automatically extend on the same terms on a year to year basis thereafter unless, during the period beginning ninety (90) days prior and ending thirty (30) days prior to such day, either the Company or Executive shall have given notice to the other that this Agreement will not be renewed. If Executive’s employment is terminated by the Company’s decision not to renew the Agreement, the Company shall provide Executive the severance benefits described in Section 6(a) unless the reason for the non-renewal is the Executive’s retirement. In the event that Executive is offered a subsequent agreement that does not materially or substantially diminish Executive’s rights as defined under this Agreement, and Executive fails to execute the agreement within thirty (30) calendar days of its presentation, severance benefits as provided by Section 6(a) of this Agreement will not be available. In addition, this Agreement may be terminated at any time by the mutual written agreement of the parties, which agreement shall specify whether the Executive shall be provided any severance pay or benefits in connection with such termination.
Current Term. The Term of the Lease including any Renewal Terms which have been exercised by the Tenant.
Current Term. If You do not, You authorize AWR to add Your jurisdiction of that court. Program Fees to Your utility bill.
Current Term. During the Current Term, the Executive shall serve as the Company’s Vice-President of Unregulated Energy Operations and the parties agree that the Company shall elect the Executive to this office, on an annual basis if necessary, during the Current Term of this Agreement.
Current Term. During the Current Term, the Executive shall serve as the Sharp's President and the parties agree that the Company shall elect the Executive to this office, on an annual basis if necessary, during the Current Term of this Agreement.