Annual Anniversary Date definition
Examples of Annual Anniversary Date in a sentence
On May 20, 1998 and on each May 20 thereafter ("Annual Anniversary Date"), the term of this Agreement shall be extended automatically for an additional year, unless either the Board of Directors of the Holding Company or Executive gives contrary written notice to the other not less than 60 days in advance of such anniversary date.
On the date of the first anniversary of this Agreement and on each anniversary date thereafter ("Annual Anniversary Date"), this Agreement may be extended by the Employer's Board of Directors for an additional year only if the Employer's Board of Directors, after a complete evaluation of the Employee's performance, concludes that the Employee has satisfactorily performed pursuant to the terms of this Agreement.
Beginning with the December 31, 2018 Anniversary Date and each Anniversary Date thereafter, Executive’s employment hereunder shall be deemed to be automatically extended, upon the same terms and conditions for one (1) year after such Annual Anniversary Date, unless the Company shall have given written notice to Executive, at least thirty (30) days prior to the expiration of such Annual Anniversary Date, of its intention not to extend the Employment Period (as defined below) hereunder.
All calculations under this paragraph shall be based on values as determined on the Annual Anniversary Date and before any Distribution Payment.
All calculations under this Paragraph shall be based on values as determined on the Annual Anniversary Date.
The initial term shall automatically be extended for a one-year period beyond the then effective expiration date on May 1 of each year ("Annual Anniversary Date") commencing on May 1, 1999 unless the Company shall give written notice to Consultant more than ninety (90) days prior to an Annual Anniversary Date of its intention not to continue this Agreement.
In the event the exclusivity provided for in this Agreement is terminated, whether in whole or in part, during any 12 month period following an Annual Anniversary Date, the annual $75 million payment will be adjusted downward on a prorated basis in proportion to the volume of GM vehicle sales in the geographic area where exclusivity was removed in proportion to GM’s total U.S. vehicle sales for the portion of the year during which exclusivity was removed.
The Agreement can be terminated by either Party by giving three (3) months’ written notice to the other Party to terminate to any Annual Anniversary Date.
Annual Contracts Will Be Automatically Renewed Unless We Get A 30-Day Cancellation Letter By Certified Mail Prior To Your Annual Anniversary Date.
For example, if GMAC prepays after the first Annual Anniversary Date for the initial Term of this Agreement, it would prepay the then present value of the $75 million annual payment through year 10.