Succeeding Term Sample Clauses
The "Succeeding Term" clause defines the period that follows the initial term of an agreement, specifying how and when the contract may be extended or renewed. Typically, this clause outlines whether the agreement will automatically renew for additional terms, the length of each renewal period, and any notice requirements for termination or non-renewal. By establishing clear rules for contract continuation, the clause helps both parties plan for the future and avoid unintended lapses or automatic extensions of their contractual relationship.
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Succeeding Term. At the end of the Initial Term, or any succeeding one year term, this Employment Agreement shall renew for successive periods of one (1) year each (a “Succeeding Term”) only if the Employer gives written notice of renewal to Employee not less than sixty (60) days prior to the end of the Initial Term. If such notice of renewal is not provided to the Employee by the Employer this Employment Agreement will terminate, except the provisions of Sections 2.3, 2.4, 2.5 and 2.6 shall continue in force so long as the Employee remains employed by the Employer or any Affiliate of the Employer, whether under this Agreement or not, and whether as a consultant or not, and shall survive any termination of employment under this Agreement for the periods specified therein, all as is more specifically provided in Section 7.10. Once this Employment Agreement terminates then the Employee shall become an employee at will at the end of the Initial Term or Succeeding Term.
Succeeding Term. This Agreement shall automatically renew without lapse, after the Initial Term for additional one-year periods (each a “Succeeding Term”), unless (i) written notice of non renewal is given by Focus to Executive at least thirty (30) days before such applicable anniversary or (ii) unless earlier (a) terminated upon the written mutual agreement of the Executive and Focus, or (b) pursuant to the events and/or occurrences set forth below. Collectively, the Initial Term and Succeeding Term are referred to as the “Term.” This Agreement and Executive’s employment may be terminated:
(i) By Executive for “Good Reason” (as defined below) upon thirty (30) days prior written notice to Focus;
(ii) By Executive at any time without Good Reason upon fourteen (14) days advance written notice;
(iii) By Focus for “Cause” (as defined below) immediately upon written notice to Executive;
(iv) By Focus in the event of Executive’s “Disability” (as defined below);
(v) Automatically upon Executive’s death;
(vi) By Focus at any time, with or without notice, as specified by Focus, for any reason other than termination for Cause or Disability (“without Cause”).
Succeeding Term. At the end of the initial term of engagement, or any succeeding one-year term, this Services Contract shall terminate, unless both parties agree in writing to renew the contract for an additional one-year term prior to the end of the then current term. If not sooner terminated, this Services Contract shall terminate on June 30, 2013.
Succeeding Term. This Agreement shall extend on the end of the Initial Term and annually thereafter at the annual anniversary date for an additional one-year period (the “Succeeding Term”), unless terminated by either party for any reason or not renewed upon written notice given by one party to the other party at least thirty (30) days before such applicable anniversary date.
Succeeding Term. At the conclusion of the Initial Term, this Agreement shall automatically renew for an additional two-year term (the “Succeeding Term”). If the City Council does not want to enter into the Succeeding Term, it must provide the City Manager written notice of its intent not to renew at least thirty (30) calendar days before the completion of the Initial Term. Without such notice, the Succeeding Term will automatically begin upon the completion of the Initial Term. Other than the Succeeding Term, no other automatic term renewal is available under this Agreement.
Succeeding Term. At the end of the Initial Term, or any succeeding one year term, this Employment Agreement shall renew for successive periods of one (1) year (each a “Succeeding Term”) only if the Employer gives written notice of renewal to Employee not less than sixty (60) days prior to the end of the Initial Term or any applicable Succeeding Term. If such notice of renewal is not provided to Employee by the Employer, this Employment Agreement will terminate, except the provisions of Sections 2.3, 2.4, 2.5 and 2.6 shall continue in force so long as Employee remains employed by the Employer or any Affiliate of the Employer, whether under this Employment Agreement or not, and whether as a consultant or not, and shall survive any termination of employment under this Employment Agreement for the periods specified therein, all as is more specifically provided in Section 7.10. Once this Employment Agreement terminates, for any reason whatsoever, including as of the expiration of the Initial Term or any applicable Succeeding Term in accordance with the terms contained herein, then Employee shall become an employee at will.