Common use of Succeeding Term Clause in Contracts

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.

Appears in 1 contract

Sources: Employment Agreement (Summit Semiconductor Inc.)

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.

Appears in 1 contract

Sources: Employment Agreement (Focus Enhancements Inc)