Initial Term of Agreement / Period of Performance Clause Samples

Initial Term of Agreement / Period of Performance. The term of this Agreement shall commence on April 23, 2019 and, subject to termination as provided by Paragraph 2.2 herein, shall terminate on June 30, 2024 (the “Initial Term”). CUESTA COLLEGE shall have the option to renew the Agreement for one-year (1) renewal terms (each a “Renewal Term”) by providing ▇▇▇▇▇▇ & ▇▇▇▇▇ with one hundred twenty (120) days written notice of renewal prior to the expiration of the Initial Term or Renewal Term. An “Agreement Year” as used in this Agreement shall be July 1 through June 30 of each year during the Initial Term or Renewal Term with the exception of the first agreement year (“First Agreement Year”) which shall be a partial year, beginning April 23, 2019 and ending June 30, 2019.
Initial Term of Agreement / Period of Performance. The term of this Agreement shall commence on August 12th 2025 and, subject to termination as provided by Paragraph 2.2 herein, shall terminate on August 11th 2030 (the “Initial Term”). NFC shall have the option to renew this Agreement for additional one (1) year renewal terms not to exceed five (5) years (“Renewal Term”) by mutual agreement. An “Agreement Year” as used in this Agreement shall be July 1 through June 30 of each year during the Initial Term or Renewal Term.