Common use of Initial Term and Renewal Clause in Contracts

Initial Term and Renewal. This Agreement shall have an initial term of two years from the Effective Date (the “Initial Period”). The Agreement shall automatically renew for subsequent one-year periods after the expiration of the Initial Period and each subsequent one year period (each a “Renewal Period”), unless earlier terminated pursuant to Section 6.2. The Initial Period and each Renewal Period, if any, are collectively referred to herein as the “Term.”

Appears in 4 contracts

Samples: Independent Physician Agreement (Virtual Radiologic CORP), Independent Physician Agreement (Virtual Radiologic CORP), Independent Physician Agreement (Virtual Radiologic CORP)

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Initial Term and Renewal. This Agreement shall commence on the Agreement Date and have an initial term of two years from the Effective Date one year (the “Initial Period”). The This Agreement shall be automatically renew renewed for subsequent one-year periods after the expiration of the Initial Period and each or any subsequent one year period term (each a “Renewal Period”), unless earlier terminated pursuant to Section 6.2. The Initial Period and each Renewal Period, if any, are collectively referred to herein as the “Term.”

Appears in 1 contract

Samples: Physician Agreement (Virtual Radiologic CORP)

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Initial Term and Renewal. This Agreement shall have <<an initial term of two years from the Effective Date (the “Initial Period”). ) The Agreement shall automatically renew for subsequent one-year periods after the expiration of the Initial Period and each subsequent one one-year period (each a “Renewal Period”), unless earlier terminated pursuant to Section 6.23.2. The Initial Period and each Renewal Period, if any, are collectively referred to herein as the “Term.” <<OTHER OPTION IS PERPETUAL UNTIL TERMINATED>> Termination

Appears in 1 contract

Samples: Backup Practitioner Agreement

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