Common use of Termination After Initial Term Clause in Contracts

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. Either party may terminate this Agreement for any reason, if at the expiration of the Initial Term by providing written notice to the other party receives written notice of termination at least one year not less than thirty (30) days prior to the date end of termination; providedthe Initial Term, however, that such termination to take effect at the earliest date of -------- termination permitted pursuant to this Section 10.4 shall be the day after expiration of the Initial Term.