Renewal of the Contract Sample Clauses

Renewal of the Contract. Clause 10. The employment contract of the employee may be renewed for a year to come on condition that the employee's previous performance is not less than 70%, which is evaluated annually; the evaluation criteria and form are arranged by the original affiliation.
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Renewal of the Contract. 1. The Term of Employment stated in Article 5 hereof may be renewed, in one-year contract terms only, by the mutual written agreement of the Employer and the Employee.
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Renewal of the Contract. If upon the expiration of the term initially agreed the parties have not stated in writing with minimum thirty (30) calendar days in advance about the intention to end it, the contract will be extended for a term equal to that initially agreed. The rent payment will be readjusted every 12 months of execution of the contract under the same price, as a minimum in a percentage equal or equivalent to the consumer price index certified by DANE for the year immediately previous to the expiration of any annual period over the rent payment in effect. This process will be done during the first two years of operation of the contract. When LESSEES have acquired to the right to renewal in compliance with the provisions of the code of commerce, this will be the process to follow: LESSOR will notify in writing to LESSEES, before the expiration of the last period, about the new conditions regarding term and price in which he is willing to make the contract relationship. LESSEES shall state LESSOR before the expiration of the contract, through written communication, the acceptance or rejection of the new conditions. Silence will be understood as rejection. In both cases, rejection or silence, the verbal process for regulation of the rent payment foreseen in the code of commerce and in the code of civil procedure will be taken into account. For the effects of discussing and agree the conditions regarding the renewal of the contract, it will be understood that each of the co-lessees represents the others before LESSOR. FOURTEENTH: ALIENATION OF THE ESTABLISHMENT OF COMMERCE. The contracting parts agree that in case of alienation of the establishment of commerce, it will not be understood that in such negotiation is included the lease contract. In case of alienation of the commerce establishment that operates in such property, the acquirer shall state to LESSOR in writing the intention to continue in the property and this latter will decide about the acceptance or not of the new lessees. In this case the parties can really agree the new conditions of the contract.
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Renewal of the Contract. (I) Upon the expiration of the term of this Contract, the Parties may renew the Contract after negotiation.
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Renewal of the Contract. Upon its expiration, the Contract may be renewed upon agreement by and between the parties hereto.
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Renewal of the Contract 
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Related to Renewal of the Contract

  • Renewal of Agreement This agreement does not automatically renew, and residence in UCF DHRL residence facilities during one agreement period does not guarantee that residence accommodations will be offered to the Student for any following periods. The Student is solely responsible for the timely completion of housing agreements for future periods. UCF DHRL housing agreements shall not be re-offered to residents who are unwilling to adhere to the basic elements of good housekeeping, and community living. UCF DHRL housing agreements shall not be re-offered to residents who disregard or violate rules, regulations, or policies established for governing UCF DHRL residential facilities. Finally, housing agreements shall not be re-offered to residents who have outstanding charges from UCF DHRL.

  • Term of the Contract A. This Contract has an initial term of one (1) year and a bilateral option provision for three (3) additional terms. The total term of the Contract cannot exceed four (4) years. An extension may be offered beyond the original four-year term if Sourcewell deems such action to be in the best interests of Sourcewell and its Members. The Contractor may withdraw from the Contract on each anniversary of the award, provided that the Contractor gives 60 Days written notice of its intent to withdraw. Sourcewell may, for any reason, terminate this Contract at any time.

  • Non-Renewal of Agreement (i) If the Company gives a Non-Renewal Notice to the Executive, the Employment Term and the Executive’s employment hereunder shall terminate as of the expiration of the Initial Term or then-current Renewal Term, as applicable, and the Company shall provide the Executive with all of the payments and benefits set forth in Section 4(c) hereof, subject to his execution and non-revocation of the Release by the Release Effective Date.

  • Termination of the Contract 11.1. The Coordinator may terminate the contract if the Co-beneficiary has inadequately discharged or failed to discharge any of the contractual obligations, insofar as this is not due to force majeure, after notification of the Co-beneficiary by registered letter has remained without effect for one month.

  • Renewal of Term Subject to Procyon’s Board of Directors’ approval, Executive’s employment shall be extended for one additional year at the end of each year of the term, or extended term, of this Agreement on the same terms and conditions as contained in this Agreement, unless either Amerx, Procyon or the Executive shall, prior to the expiration of the initial term or of any renewal term, give written notice of the intention not to renew this Agreement.

  • SUBJECT OF THE CONTRACT 1. The subject of the Contract is the creation of the work ordered as a result of own creative intellectual activity of the Author – to elaborate the evaluation of applications delivered to the Client (hereinafter “Work”) within an open call for submitting applications to solve projects of research and development in particular science and technology fields pursuant to the Article 6 Section 3 of Act No.172/2005 Coll. On State Aid Administration and Central State Administration as amended (hereinafter “Act”) subsequently as amended, labelled VV 2021 (hereinafter “Open Call”).

  • of the Contract (7) No action can be instituted on this bond after one year from the date of Final Completion as determined pursuant to Article 6.2.2. SIGNED AND SEALED THIS DAY OF , 20 . ATTEST: (NAME OF Contractor) By Secretary(*) President (SURETY) (*)(*) (TITLE) (*) Please apply seal of Corporation over Secretary’s Signature. (*)(*)Please apply seal of Surety and arrange for countersignature by a “Georgia Licensed Agent” of Surety pursuant to O.C.G.A. §33-23-5. Kindly show title of the aforesaid agent as “Georgia Licensed Agent.” (*) Attach Power of Attorney GEORGIA SECURITY AND IMMIGRATION COMPLIANCE ACT AFFIDAVIT(S)

  • Modification, Extension and Renewal of Options The Board or a duly appointed committee thereof, may modify, extend or renew this Option or accept the surrender thereof (to the extent not theretofore exercised) and authorize the granting of a new option in substitution therefore (to the extent not theretofore exercised), subject at all times to the Code and applicable securities laws. Notwithstanding the foregoing provisions of this Section 12, no modification shall, without the consent of the Recipient, alter to the Recipient’s detriment or impair any rights of Recipient hereunder.

  • Contract Negotiations Where operational requirements permit, and on reasonable notice, the Employer shall grant special leave with pay for not more than two (2) representatives of each bargaining unit for the purpose of attending contract negotiation meetings with the Employer on behalf of the Union. Such permission shall not be unreasonably withheld.

  • Renewal of obligatory insurances Each Borrower shall:

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