Term of Agreement Clause Example from Business Contracts

Term of Agreement. This Agreement shall be binding upon and enforceable against the Company and Executive immediately when both parties execute the Agreement. The Agreement's stated term and the employment relationship created hereunder will begin on December 19, 2014 (the "Effective Date"), and will remain in effect for one (1) year thereafter, unless earlier terminated in accordance with Agreement Section 7 (the "Initial Employment Term"). This Agreement shall be automatically renewed for successive one (1) year... terms after the Initial Employment Term (each, a "Renewal Term"), unless terminated by either party upon written notice given at least thirty (30) days before the end of the Initial Employment Period or any Renewal Term, or unless earlier terminated in accordance with Agreement Section 7. The period during which Executive is employed under this Agreement (including any Renewal Term) will be referred to as the "Employment Period." 3. Surviving Agreement Provisions. Notwithstanding any provision of this Agreement to the contrary, the Parties' respective rights and obligations under Agreement Sections 6, 7, 8, and 10(b), 10(c), and 10(e) shall survive any termination or expiration of this Agreement or the termination of Executive's employment for any reason whatsoever. View More