Termination After Initial Term Clause Samples
The 'Termination After Initial Term' clause defines the conditions under which a contract may be ended following the completion of its initial agreed-upon period. Typically, this clause outlines the notice requirements, such as how much advance written notice must be given by either party to terminate the agreement after the initial term has expired, and may specify whether the contract automatically renews or continues on a month-to-month basis unless terminated. Its core practical function is to provide both parties with a clear and predictable process for ending their contractual relationship after the initial commitment, thereby preventing uncertainty or disputes about ongoing obligations.
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Termination After Initial Term. Unless this Agreement is renewed, either Party may terminate this Agreement after initial term by giving a 14-day prior written notice to the other Party.
Termination After Initial Term. In the event that this Agreement is continued beyond the expected useful life of the CANUS 1 System in conformity with Section 11.1, any Party may thereafter terminate this Agreement by giving the other Party a notice of not less than one (1) year.
Termination After Initial Term. Following expiration of the Initial Term, either Drone USA or Employee may terminate Employee’s employment at any time, and such termination shall be effective upon delivery of written notice by either party to the other party.
Termination After Initial Term. After the initial two-year term of the Agreement, either you or Wave may terminate the Agreement at any time and for any reason, or for no reason, upon thirty days’ prior written notice to the other party.
Termination After Initial Term. Either Party may terminate this agreement by providing written notice to the other Party at least 90-days before the anniversary of the Effective Date. If written notice is not received by the non-terminating Party at least 90-days before the anniversary of the Effective Date, this Agreement will automatically renew for another year as set forth above.
Termination After Initial Term. After the initial Term of Employment, only the amounts specified in Section 5(a) shall be due the Employee upon termination and neither party shall be liable for any other payment hereunder.
Termination After Initial Term. Either party may terminate this Agreement for any reason, if the other party receives written notice of termination at least one year prior to the date of termination; provided, however, that the earliest date of -------- termination permitted pursuant to this Section 10.4 shall be the day after expiration of the Initial Term.
Termination After Initial Term. If the parties hereto agree to continue this Agreement after the initial term hereof, Owner shall then be entitled to terminate this Agreement upon thirty (30) days written notice.
Termination After Initial Term. In the event that this Agreement is continued beyond the Expected Useful Life of the Cable System as defined herein, any Party may thereafter terminate this Agreement by giving the other Party a notice of not less than one (1) year.
Termination After Initial Term. After the initial three (3) year term of this Agreement, either party may terminate this Agreement at any time after the delivery of thirty (30) days advance written notice to the other party.