Term With Automatic Renewal Provisions Sample Clauses

Term With Automatic Renewal Provisions. The Executive’s employment hereunder shall be for a two (2) year term commencing as of the Effective Date and shall automatically renew for an additional one (1) year period on each anniversary of the Effective Date, unless sooner terminated at any time by either party, with or without Cause (as defined below), such termination to be effective as of ninety (90) days after written notice to that effect is delivered to the other party; provided that either party may provide the other party with notice that the term of this Agreement shall not renew, in which case this Agreement shall terminate at the end of the then-current term of this Agreement. Notwithstanding any other provision of this Section 1 to the contrary, this Agreement shall automatically terminate upon Executive’s attainment of age sixty-five (65).
Sample 1Sample 2Sample 3See All (6)
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Term With Automatic Renewal Provisions. The term of this Agreement and Executive’s employment hereunder shall be for a term of three (3) years commencing on the Effective Date, and shall automatically be extended for one (1) additional year on the first anniversary of the Effective Date and each anniversary thereafter, unless either party to this Agreement provides written notice of non-renewal to the other party not less than thirty (30) days prior to such anniversary of the Effective Date.
Sample 1See All (4)
Term With Automatic Renewal Provisions. Subject to Section 6, Executive’s employment under this Agreement shall commence on the Effective Date and shall continue for a period of one (1) year (the “Initial Term”). Upon expiration of the Initial Term, the term of this Agreement shall be automatically renewed for one additional year on each anniversary of the Effective Date unless Employer has given Executive written notice of non-renewal (“Non-Renewal Notice”) at least sixty (60) days prior to that anniversary date. The Initial Term and any renewal periods are referred to herein collectively as the “Employment Term”.
Sample 1Sample 2
Term With Automatic Renewal Provisions. The term of this Agreement and the Executive's employment hereunder shall commence, if at all, upon the occurrence of the Closing (the "Effective Date") and shall be for a continuous and self-renewing three (3) year "evergreen" term (calculated on a day to day basis), unless sooner terminated at any time by either party, with or without Cause, such termination to be effective as of thirty (30) days after written notice to that effect is delivered to the other party.
Sample 1
Term With Automatic Renewal Provisions. The term of this Agreement shall commence on the Effective Date and shall continue for a period of one (1) year. This Agreement shall automatically extend for one (1) year on each anniversary of the Effective Date, unless terminated by either party effective as of the last day of the then current one (1) year extension by written notice to that effect delivered to the other not fewer than ninety (90) days prior to the anniversary of the Effective Date; provided, however, no termination of this Agreement shall be effective if a Change of Control occurs within twelve (12) months after the effective date of such termination. Notwithstanding anything contained herein to the contrary, if a Change of Control occurs during the term of this Agreement, this Agreement shall remain in effect for the one (1) year period following the Change of Control and shall then terminate. Notwithstanding anything to the contrary herein, this Agreement shall immediately terminate upon Executive's voluntary termination prior to a Change of Control and in such case Executive shall not be entitled to the benefits hereunder. 2.
Sample 1
Term With Automatic Renewal Provisions. The term of this Agreement and the Executive's employment hereunder shall be for a term of one year commencing on the Effective Date (the "ORIGINAL TERM"), and shall automatically be extended for one (1) additional year on the first anniversary of the Effective Date and each anniversary thereafter, unless either party to this Agreement provides written notice of non-renewal to the other party not less than ninety (90) days prior to such anniversary of the Effective Date. Any automatic extension of the this Agreement beyond the first anniversary shall NOT constitute the Original Term, as used herein.
Sample 1
Term With Automatic Renewal Provisions. The Company agrees to employ CEO, and CEO agrees to serve the Company, in accordance with the terms of this Agreement for a renewable five year term, with the initial term commencing on the Effective Date and ending on the fifth anniversary of the Effective Date, unless this Agreement is earlier terminated by either party in accordance with the provisions of this Agreement. This Agreement shall automatically renew for an additional five-year term after the then current five-year term (whether that be the initial five-year term or a successor five-year term) unless (i) the Agreement is earlier terminated by either party in accordance with the provisions of the Agreement, or (ii) the Company or CEO provides notice to the other party that the Agreement shall not be renewed at the end of the then current five-year term. The last day of the then current five-year term shall be referred to herein as the “Term Expiration Date”. Such notice of non-renewal shall be provided in accordance with Section 10.10 and must be provided to the other party at least sixty (60) days before the Term Expiration Date, but non-renewal of the Agreement by the Company is subject to the provisions of Section 4.7
Sample 1
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Term With Automatic Renewal Provisions. The term of this Agreement shall commence, if at all, upon the occurrence of the Closing (the "Effective Date") and shall continue for a period of one (1) year. This Agreement shall automatically extend for one (1) year on each anniversary of the Effective Date, unless terminated by either party effective as of the last day of the then current one (1) year extension by written notice to that effect delivered to the other not fewer than ninety (90) days prior to the anniversary of the Effective Date; provided, however, no termination of this Agreement shall be effective if a Change of Control occurs within twelve (12) months of such termination. In the event of a Change of Control during the term of this Agreement, this Agreement shall remain in effect for the one (1) year period following the Change of Control.
Sample 1
Term With Automatic Renewal Provisions. THE EXECUTIVE'S EMPLOYMENT HEREUNDER SHALL BE FOR A CONTINUOUS AND SELF-RENEWING TWO (2) YEAR "EVERGREEN" TERM (CALCULATED ON A DAY TO DAY BASIS), COMMENCING AS OF THE EFFECTIVE DATE, UNLESS SOONER TERMINATED AT ANY TIME BY EITHER PARTY, WITH OR WITHOUT CAUSE, SUCH TERMINATION TO BE EFFECTIVE AS OF THIRTY (30) DAYS AFTER WRITTEN NOTICE TO THAT EFFECT IS DELIVERED TO THE OTHER PARTY. NOTWITHSTANDING THE PRECEDING PROVISIONS OF THIS SECTION 1, THE TERM OF THIS AGREEMENT SHALL, IF NOT PREVIOUSLY TERMINATED, EXPIRE OF ITS OWN ACCORD, AND WITHOUT NOTICE TO OR FROM EITHER PARTY, ON THE SEVENTIETH (70TH) BIRTHDAY OF THE EXECUTIVE ("RETIREMENT DATE").
Sample 1

Related to Term With Automatic Renewal Provisions

  • Additional Termination Provisions Notwithstanding and in addition to the foregoing, in the event that (i) a Mortgage Loan becomes delinquent for a period of 90 days or more (a "Delinquent Mortgage Loan") or (ii) a Mortgage Loan becomes an REO Property, the Purchaser may at its election terminate this Agreement with respect to such Delinquent Mortgage Loan or REO Property, upon 15 days' written notice to the Seller.

  • Effective Period, Termination and Amendment; Interpretive and Additional Provisions This Custodian Agreement shall become effective as of the date hereof, shall continue in full force and effect until terminated as hereinafter provided, and may be amended at any time by mutual agreement of the parties hereto. This Custodian Agreement may be terminated by either party by written notice to the other party, such termination to take effect no sooner than sixty (60) days after the date of such notice. Notwithstanding the foregoing, if Ally Financial resigns as Servicer under the Basic Documents or if all of the rights and obligations of the Servicer have been terminated under the Servicing Agreement, this Custodian Agreement may be terminated by the Issuing Entity or by any Persons to whom the Issuing Entity has assigned its rights hereunder. As soon as practicable after the termination of this Custodian Agreement, the Custodian shall deliver the Receivable Files described herein to the Issuing Entity or the Issuing Entity’s agent at such place or places as the Issuing Entity may reasonably designate.

  • Certification of Funds; Budget and Fiscal Provisions; Termination in the Event of Non-Appropriation This Agreement is subject to the budget and fiscal provisions of the City’s Charter. Charges will accrue only after prior written authorization certified by the Controller, and the amount of City’s obligation hereunder shall not at any time exceed the amount certified for the purpose and period stated in such advance authorization. This Agreement will terminate without penalty, liability or expense of any kind to City at the end of any fiscal year if funds are not appropriated for the next succeeding fiscal year. If funds are appropriated for a portion of the fiscal year, this Agreement will terminate, without penalty, liability or expense of any kind at the end of the term for which funds are appropriated. City has no obligation to make appropriations for this Agreement in lieu of appropriations for new or other agreements. City budget decisions are subject to the discretion of the Mayor and the Board of Supervisors. Contractor’s assumption of risk of possible non-appropriation is part of the consideration for this Agreement. THIS SECTION CONTROLS AGAINST ANY AND ALL OTHER PROVISIONS OF THIS AGREEMENT.

  • Term; Termination of Agreement This Agreement shall continue in force for a period of one year from the date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

  • TERM, TERMINATION, AND MODIFICATION OF RIGHTS 13.1 This Agreement is effective when signed by all parties, unless the provisions of Paragraph 14.16 are not fulfilled, and shall extend to the expiration of the last to expire of the Licensed Patent Rights unless sooner terminated as provided in this Article 13.

  • Automatic Renewal Clauses Incorporated in Awarded Vendor Agreements with TIPS Members Resulting from the Solicitation and with the Vendor Named in this Agreement. No Agreement for goods or services with a TIPS Member by the awarded vendor named in this Agreement that results from the solicitation award named in this Agreement, may incorporate an automatic renewal clause that exceeds month to month terms with which the TIPS Member must comply. All renewal terms incorporated in an Agreement by the vendor with the TIPS Member shall only be valid and enforceable when the vendor receives written confirmation by purchase order, executed Agreement or other written instruction issued by the TIPS Member for any renewal period. The purpose of this clause is to avoid a TIPS Member inadvertently renewing an Agreement during a period in which the governing body of the TIPS Member has not properly appropriated and budgeted the funds to satisfy the Agreement renewal. This term is not negotiable and any Agreement between a TIPS Member and a TIPS awarded vendor with an automatic renewal clause that conflicts with these terms is rendered void and unenforceable.

  • Renewal, Termination and Amendment This Agreement shall continue in effect, unless sooner terminated as hereinafter provided, until December 31, 2007 and shall continue in full force and effect for successive periods of one year thereafter, but only so long as each such continuance as to the Portfolio is specifically approved at least annually by vote of the holders of a majority of the outstanding voting securities of the Portfolio or by vote of a majority of the Trust's Board of Trustees; and further provided that such continuance is also approved annually by the vote of a majority of the Trustees who are not parties to this Agreement or interested persons of any such party. This Agreement may be terminated as to the Portfolio at any time, without payment of any penalty, by the Trust's Board of Trustees, by the Manager, or by a vote of the majority of the outstanding voting securities of the Portfolio upon 60 days' prior written notice to the Adviser, or by the Adviser upon 90 days' prior written notice to the Manager, or upon such shorter notice as may be mutually agreed upon. This Agreement shall terminate automatically and immediately upon termination of the Management Agreement between the Manager and the Trust. This Agreement shall terminate automatically and immediately in the event of its assignment. The terms "assignment" and "vote of a majority of the outstanding voting securities" shall have the meaning set forth for such terms in the 1940 Act. This Agreement may be amended at any time by the Adviser and the Manager, subject to approval by the Trust's Board of Trustees and, if required by applicable SEC rules, regulations, or orders, a vote of a majority of the Portfolio's outstanding voting securities.

  • Termination Provisions In this Agreement:

  • Term; Termination; Survival of Provisions The term of this Agreement shall commence on the date hereof and shall continue, unless earlier terminated pursuant to the provisions of this section, for twelve (12) months, automatically renewed thereafter for monthly periods unless either Party informs the other in writing thirty (30) days prior to the end of the current term of its intent to terminate this Agreement. This Agreement may be terminated prior to the end of the current term, by mutual written consent of the Parties hereto, or:

  • TERM, MODIFICATION AND TERMINATION OF AGREEMENT This Agreement with respect to the Fund shall continue in effect until the expiration date set forth on Schedule A (the “Expiration Date”). With regard to the Operating Expense Limits, the Trust’s Board of Trustees and the Adviser may terminate or modify this Agreement prior to the Expiration Date only by mutual written consent. This Agreement shall terminate automatically upon the termination of the Advisory Agreement; provided, however, that the obligation of the Trust to reimburse the Adviser with respect to a Fund shall survive the termination of this Agreement unless the Trust and the Adviser agree otherwise.

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