Common use of DURATION AND TERM Clause in Contracts

DURATION AND TERM. (a) The term of this Agreement shall be for _[PERIOD]_ year(s) and Artist grants to Agent options to extend the term of this agreement for periods of one (1) year each upon all the terms and conditions hereof, if both parties agree to extend contract. Said options shall be exercised automatically unless thirty (30) days prior to the end of the then current term either party gives the other, written notice to the contrary. (b) This Agreement may be terminated by either party, by written notice as provided below, if Artist (i) is unemployed for _[TIME]_ ( ) consecutive weeks at any time during the term hereof; or (ii) does not obtain employment for at least _[TIME]_ ( ) cumulative weeks of engagements to be performed during each of the first and second six (6) months periods during the term hereof; or (iii) does not obtain employment for at least _[TIME]_ ( ) cumulative weeks of engagements to be performed during each subsequent year of the term hereof. (c) Notice of such termination shall be given by certified mail addressed to the addressee at the address listed above unless such has changed and Artist has been given notice of the new address. Such notice of termination must be received by Agent no later than two (2) weeks following the occurrence of any event described above. Failure to give notice as aforesaid shall constitute a waiver of the right to terminate based upon the happening of such prior events. (d) Artists disability resulting in failure to perform engagements and Artists unreasonable refusal to accept and perform engagements shall not by themselves either deprive Agent of its right to or give the Artist the right to terminate (as provided in (b) above). (e) As used in this agreement, a "week" shall commence on Sunday and terminate on Saturday. A "week of engagements" shall mean any one of the following: (i) A week during which Artist is to perform on at least four (4) days; or (ii) a week during which Artist gross earnings equals or exceeds the lowest such gross earned by Artist for performances rendered during any one of the immediately preceding six (6) weeks.

DURATION AND TERM. (a) The term of this Agreement shall be for _[PERIOD]_ year(s) and Artist grants to Agent options to extend the term of this agreement for periods of one (1) year each upon all the terms and conditions hereof, if both parties agree to extend contract. Said options shall be exercised automatically unless thirty (30) days prior to the end of the then current term either party gives the other, written notice to the contrary. (b) This Agreement may be terminated by either party, by written notice as provided below, if Artist (i) is unemployed for _[TIME]_ ( (__) consecutive weeks at any time during the term hereof; or (ii) does not obtain employment for at least _[TIME]_ ( (__) cumulative weeks of engagements to be performed during each of the first and second six (6) months periods during the term hereof; or (iii) does not obtain employment for at least _[TIME]_ ( (__) cumulative weeks of engagements to be performed during each subsequent year of the term hereof. (c) Notice of such termination shall be given by certified mail addressed to the addressee at the address listed above unless such has changed and Artist has been given notice of the new address. Such notice of termination must be received by Agent no later than two (2) weeks following the occurrence of any event described above. Failure to give notice as aforesaid shall constitute a waiver of the right to terminate based upon the happening of such prior events. (d) Artists disability resulting in failure to perform engagements and Artists unreasonable refusal to accept and perform engagements shall not by themselves either deprive Agent of its right to or give the Artist the right to terminate (as provided in (b) above). (e) As used in this agreement, a "week" shall commence on Sunday and terminate on Saturday. A "week of engagements" shall mean any one of the following: (i) A week during which Artist is to perform on at least four (4) days; or (ii) a week during which Artist gross earnings equals or exceeds the lowest such gross earned by Artist for performances rendered during any one of the immediately preceding six (6) weeks.