Initial Term and Renewal. This Agreement shall become effective upon its execution and, shall have an initial term of five (5) years. Following the expiration of the initial term, the Agreement shall automatically renew for successive one-year terms until such time that the Agreement is terminated by either Party upon giving the other Party six (6) months’ written notice of termination.
Initial Term and Renewal. The initial term for a Use Contract may not exceed the lesser of (i) 50% of the Useful Life of the Real Property and, if applicable, Facility for the portion of the Real Property and, if applicable, Facility that is the subject of the Use Contract, or (ii) the shortest term of the Public Entity’s ownership interest in the Real Property and, if applicable, Facility. A Use Contract may allow for renewals beyond its initial term on the conditions that (a) the term of any renewal may not exceed the initial term, (b) the Public Entity must make a determination that renewal will continue to carry out the Governmental Program and that the Counterparty is suited and able to perform the functions contained in Use Contract that is to be renewed, (c) the Use Contract may not include any provisions that would require, either directly or indirectly, the Public Entity to either make the determination referred to in this Section or to renew the Use Contract with the Counterparty after the expiration of the initial term or any renewal term, and (d) no such renewal may occur prior to the date that is 6 months prior to the date on which the Use Contract is scheduled to terminate. Provided, however, notwithstanding anything to the contrary contained herein the Public Entity’s voluntary agreement to reimburse the Counterparty for any investment that the Counterparty provided for the acquisition or betterment of the Real Property and, if applicable, Facility that is the subject of the Use Contract if the Public Entity does not renew a Use Contract if requested by the Counterparty is not deemed to be a provision that directly or indirectly requires the Public Entity to renew such Use Contract.
Initial Term and Renewal. The initial term of this Agreement shall be for a period of thirty-six (36) months commencing on the Effective Date (the “Initial Term”), unless terminated earlier pursuant to the provisions of Article 5 of this Agreement. This Agreement shall automatically renew for an additional one (1) year period of employment on the expiration date of the Initial Term (each, a “Subsequent Term”), and on each successive anniversary date thereafter (each such date, an “Expiration Date”), unless either party gives written notice to the other party at least ninety (90) days prior to any Expiration Date that the Agreement is not being renewed and shall terminate on that Expiration Date, unless terminated earlier pursuant to the provisions of Article 5 of this Agreement. The Initial Term and each successive one year period thereafter during which Employee shall perform services pursuant to this Agreement shall be referred to herein as the “Term.”
Initial Term and Renewal. The initial term of this Agreement (“Initial Term”) shall be five (5) years from the date hereof. After the Initial Term, this Agreement shall renew automatically for consecutive six month terms, otherwise on the same terms and conditions; except, after the Initial Term, either Company or Employee may terminate this Agreement without Cause by providing to the other party two weeks’ written notice of termination at any time. The Initial Term and any Renewal Terms may be collectively referred to in this Agreement as “Term”.
Initial Term and Renewal. This Agreement shall have an initial term of two years from the Effective Date (the “Initial Period”). The Agreement shall automatically renew for subsequent one-year periods after the expiration of the Initial Period and each subsequent one year period (each a “Renewal Period”), unless earlier terminated pursuant to Section 6.2. The Initial Period and each Renewal Period, if any, are collectively referred to herein as the “Term.”
Initial Term and Renewal. A. This MOU shall have an initial term of 3 years, beginning on the date of the last signature.
Initial Term and Renewal. This Agreement shall have an initial term of five (5) years commencing on the Effective Date and shall be renewed automatically for three (3) successive five (5) year terms unless:
Initial Term and Renewal. The initial term of this Agreement shall begin as of the date this Agreement is entered into ("Effective Date") and shall continue for a period of seven (7) years following the Effective Date. The Agreement shall automatically renew for a two (2) year term at the end of the initial term and also at the end of each successive term unless terminated by either Party upon giving written notice to the other Party at least one hundred eighty (180) days prior to the end of the then current term.
Initial Term and Renewal. The initial Term of this Agreement is as stated on the signature page. By giving written notice to BancTec at least *** months prior to the then-scheduled expiration date of the Term, DFS may extend the Term for up to *** months on the terms and conditions then in effect. DFS will have one such extension option of up to *** months. *** Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.
Initial Term and Renewal. This Agreement shall commence on the 1st day of November, 1996 and shall remain in effect for an initial term of two (2) years. Thereafter, this Agreement shall automatically renew for successive terms of three (3) years subject to all terms and conditions herein contained (except that the fees provided for in paragraph B.1, above are subject to review and adjustment on an annual basis), unless and until either AmeriPath or SBCL shall give the other party written notice not less than ninety (90) days prior to expiration of the then current term of its intention to terminate this Agreement as of the expiration of the initial term or any subsequent term.
