rolling contract definition

rolling contract refers to the renewal of the contract at the end of each year of its term. Therefore, each year a three- year rolling contract would automatically be renewed for an additional three (3) years if notice of termination of the contract were not made by the end of that first year.
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rolling contract means a perpetual contract with no Initial Term until terminated in accordance with this Agreement.
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rolling contract refers to the renewal of the contract at the end of each year of its term. Therefore, each year a three- year rolling contract would automatically be renewed for an additional three (3) years if notice of termination of the contract were not made by the end of that first year. D. NEGATIVE RECOMMENDATION 1. In the promotion evaluation process, the Chancellors will, after receipt of the Tenure and Promotion Review Committee (TPRC) report, notify each Faculty Member whose dossier contains a negative recommendation with respect to the promotion application. 2. When a Faculty Member receives such notice from the Office of the Chancellor, the Faculty Member may, within ten (10) calendar days after receiving such notice, inform the Office of the Chancellor in writing of a desire to examine the dossier. 3. Upon receiving the request, the Office of the Chancellor shall provide the Faculty Member an opportunity to examine the dossier within ten (10) calendar days. 4. The Faculty Member may, within ten (10) calendar days after examining the dossier, submit written comments and additional material to the Office of the Chancellor for transmission to the TPRC. If the TPRC recommendation is positive, the Faculty Member may submit the additional material directly to the Chancellor. The Office of the Chancellor shall notify the TPRC that additional materials have been submitted. 5. The TPRC will consider the comments and additional material submitted by the Faculty Member and incorporate these together with its recommendation in the dossier. When the Chancellor disagrees with the recommendation of the TPRC, the Chancellor shall discuss the case with the TPRC before making a recommendation or decision. The Chancellor will, after reviewing the dossier and the recommendation of the TPRC, make a recommendation or decision. 6. When a Faculty Member receives written notification from the Employer in accordance with Section B, that the application for promotion has not been granted, the Faculty Member may, within ten (10) calendar days after receiving such notice, inform the Office of the Chancellor in writing of a desire to examine the dossier. 7. Upon receiving the request, the Office of the Chancellor shall provide the Faculty Member an opportunity to examine the dossier within ten (10) calendar days. 8. The Faculty Member may, within ten (10) calendar days after examining the dossier, or within twenty (20) calendar days of receipt of the written notification if the Faculty Me...
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More Definitions of rolling contract

rolling contract refers to the renewal of the contract at the end of each year of its term. Therefore, each year a three- year rolling contract would automatically be renewed for an additional three (3) years if notice of termination of the contract were not made by the end of that first year. C. SALARY UPON PROMOTION Faculty Members promoted to Ranks 3, 4 and 5 in accordance with this Article shall have their salary increased by eight percent (8%).
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rolling contract means a contract that has no defined termination or cancellation date and ‘rolls over’ year on year, only ending upon the request of one of the involved parties.
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Related to rolling contract

  • Training Contract means an agreement signed by the employer and the Apprentice or Trainee (and a parent or guardian if applicable), in accordance with the Act and Regulatory requirements.

  • CFD Contract or "CFD" shall mean a contract which is a contract for difference by reference to fluctuations in the price of the relevant security or index;

  • Existing Contract means an unexpired Contract entered into by the Council and a Provider for works, services and/or goods.

  • Continuing Contract means a contract for Professional Services entered into in accordance with Section 287.055 of the Florida Statutes, between the District and a firm, whereby the firm provides Professional Services to the District for projects in which the costs do not exceed two million dollars ($2,000,000), for a study activity when the fee for such Professional Services to the District does not exceed two hundred thousand dollars ($200,000), or for work of a specified nature as outlined in the contract with the District, with no time limitation except that the contract must provide a termination clause (for example, a contract for general District engineering services). Firms providing Professional Services under Continuing Contracts shall not be required to bid against one another.

  • Customer Contract means the terms and conditions that Customer accepts to receive access to and use the applicable Offering.