Initial Term/Automatic Renewal Sample Clauses
The Initial Term/Automatic Renewal clause defines the starting duration of an agreement and outlines how the contract will continue beyond this initial period. Typically, it specifies a fixed initial term—such as one year—and states that the contract will automatically renew for additional periods unless one party provides advance written notice of non-renewal. This clause ensures continuity of the contractual relationship without requiring renegotiation at the end of each term, while also providing a clear process for ending the agreement if desired.
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Initial Term/Automatic Renewal. The initial term of this Agreement shall commence on the Effective Date and shall continue until the fifth anniversary of the Service Commencement Date (the “Initial Term”), unless earlier terminated in accordance with the provisions of this Article 11. THIS AGREEMENT SHALL BE AUTOMATICALLY EXTENDED FOLLOWING THE INITIAL TERM FOR ADDITIONAL, SUCCESSIVE 3-YEAR TERMS (EACH, A “RENEWAL TERM”), UNLESS CITADEL GIVES WRITTEN NOTICE OF TERMINATION AT LEAST TWELVE (12) MONTHS PRIOR TO THE END OF THE THEN-CURRENT TERM. comScore shall provide written notice to Citadel sixteen (16) months prior to the end of the Initial Term and each Renewal Term if Citadel shall not have previously provided written notice to comScore of its intent to terminate the Agreement prior to such dates. The Initial Term and Renewal Terms are collectively referred to herein as the “Term.”
Initial Term/Automatic Renewal. The initial term of this Agreement shall expire on December 31, 2008. On the expiration date and each anniversary thereof, this Agreement shall be extended automatically for one (1) additional year unless PremierWest Bancorp’s Board of Directors (the “Board”) determines that the term shall not be extended. If the Board determines not to extend the term, it shall promptly notify Executive in writing and this Agreement will remain in force only until its term expires. The Board’s decision not to extend the term of this Agreement shall not by itself give Executive any rights under this Agreement to claim an adverse change in his position, compensation, or circumstances or otherwise to claim entitlement to rights under Sections 10, 11, or 12 below.
Initial Term/Automatic Renewal. The initial term of this Agreement andExecutive’s employment shall commence on April 14, 2008 and expire on December 31, 2008. On the expiration date and each anniversary thereof, this Agreement shall be extended automatically for one (1) additional year unless the Board determines that the term shall not be extended. If the Board determines not to extend the term, it shall promptly notify Executive in writing and this Agreement will remain in full force only until its term expires. While the Board’s election not to extend the term of this Agreement may be exercised at any time, at its sole discretion, the termination of employment that results from such action shall be deemed a termination prior to the expiration of this Agreement pursuant to the provisions of Section 6 below, and as a result thereof, Executive may be entitled to benefits as provided in Sections 8, 9, 10 and/or 11, below.
Initial Term/Automatic Renewal. The "Initial Term" of this Agreement shall be from the date of this Agreement set forth above and remain in place for six consecutive months, unless earlier terminated pursuant to Paragraph 3 of this Agreement. After the Initial Term, this Agreement shall automatically be renewed for successive three month terms, unless one or both Parties delivers a written notice to the other Party electing not to renew for such a successive term. Any such notice of non-renewal must be received by the other Party not less than forty five (45) days prior to the expiration of either the Initial Term, or any extended three month term, as appropriate.
Initial Term/Automatic Renewal. The initial term of this Agreement is on (1) year, effective as of the Effective Date. Unless terminated pursuant to Section I.C, upon expiration of the initial term this Agreement will automatically renew without any further action being required of the Parties and extend for up to two (2) additional one-year terms.
Initial Term/Automatic Renewal. The initial term of this Agreement is the Effective Date through the following June 30. The Agreement shall automatically renew each July 1 for a period of one year. Notwithstanding anything to the contrary in this Agreement, Participant shall be bound by the terms of this Agreement so long as Participant continues to use the eduroam service.