Term of Agreement Clause Example with 11 Variations from Business Contracts

Term of Agreement. This Agreement will have an initial term running from the Effective Date through the fourth anniversary of three (3) years commencing on the Effective Date (the "Initial Term"). On the third (3rd) fourth anniversary of the Effective Date, this Agreement will renew automatically for additional, additional one (1) year terms (each, (each an "Additional Term") Term"), unless either party provides the other party with written notice of nonrenewal non-renewal at least one (1) year ninety (90) days pr...ior to the date of automatic renewal. Notwithstanding the foregoing, foregoing provisions of this paragraph, (a) if a Change in Control occurs (a) when there are fewer than twelve (12) twenty-four (24) months remaining during the Initial Term or (b) during an Additional Term, the term of this Agreement will extend automatically through the date that is twelve (12) twenty-four (24) months following the effective date of the Change in Control. Control, or (b) if an initial occurrence of an act or omission by the Company constituting the grounds for "Good Reason" in accordance with Section 11(g) hereof has occurred (the "Initial Grounds"), and the expiration date of the Company cure period (as such term is used in Section 11(g)) with respect to such Initial Grounds could occur following the expiration of the Initial Term or an Additional Term, the term of this Agreement will extend automatically through the date that is thirty (30) days following the expiration of such cure period, but such extension of the term will only apply with respect to the Initial Grounds. If the Executive becomes entitled to the benefits under Section 3 8 during the term of this Agreement, then the Agreement will not terminate until all of the obligations of the parties hereto with respect to this Agreement have been satisfied. View More

Term of Agreement. This Agreement [(as amended and restated)] will have an initial term of three (3) years commencing on the Effective Date (the "Initial Term"). On the third (3rd) anniversary of the Effective Date, this Agreement will renew automatically for additional, additional one (1) year terms (each, an "Additional Term") unless either party provides the other party with written notice of nonrenewal at least one (1) year six months prior to the date of automatic renewal. For the avoidance of doubt, neither ...the lapse of this Agreement by its terms nor non-renewal of this Agreement will by itself constitute termination of employment or grounds for resignation for Good Reason. Notwithstanding the foregoing, if a Change in of Control occurs (a) when there are fewer than twelve (12) 12 months remaining during the Initial Term or (b) during an Additional Term, the term of this Agreement will extend automatically through the date that is twelve (12) 12 months following the date of the Change of Control. Further, notwithstanding the foregoing, if during the term of this Agreement, an initial occurrence of an act or omission by the company constituting the grounds for "Good Reason" in Control. If accordance with Section 7(k) has occurred (the "Initial Grounds"), and the expiration date of the Cure Period (as such term is used in Section 7(k)) with respect to such Initial Grounds could occur following the expiration of the term, the Initial Term or the Additional Term then in effect, as applicable, the term of this Agreement will extend automatically through the date that is 30 days following the expiration of the Cure Period, but such extension of the term will only apply with respect to the Initial Grounds. Notwithstanding anything herein to the contrary, if the Executive becomes entitled to the benefits under Section 3 of this Agreement, then the Agreement will not terminate until all of the obligations of the parties hereto with respect to this Agreement have been satisfied. View More

Term of Agreement. This Agreement will have an initial term of three (3) 5 years commencing on the Effective Date (the "Initial Term"). On the third (3rd) 5th anniversary of the Effective Date, Date and each one year anniversary thereafter, this Agreement will renew automatically for additional, one (1) year terms (each, an "Additional Term") unless either party provides the other party with written notice of nonrenewal at least one (1) year six (6) months prior to the date of automatic renewal. For the avoidance ...of doubt, neither the lapse of this Agreement by its terms nor non-renewal of this Agreement will by itself constitute termination of employment nor grounds for resignation for Good Reason. Notwithstanding the foregoing, if a Change in of Control occurs (a) when there are fewer than twelve (12) 12 months remaining during the Initial Term or (b) during an Additional Term, the term of this Agreement will extend automatically through the date that is twelve (12) 12 months following the date of the Change of Control. Further, notwithstanding the foregoing, if during the term of this Agreement, an initial occurrence of an act or omission by the company constituting the grounds for "Good Reason" in Control. If accordance with Section 7(j) has occurred (the "Initial Grounds"), and the expiration date of the Cure Period (as such term is used in Section 7(j)) with respect to such Initial Grounds could occur following the expiration of the Initial Term or the Additional Term then in effect, as applicable, the term of this Agreement will extend automatically through the date that is 30 days following the expiration of the Cure Period, but such extension of the term will only apply with respect to the Initial Grounds. Notwithstanding anything herein to the contrary, if the Executive becomes entitled to the benefits under Section 3 of this Agreement, then the Agreement will not terminate until all of the obligations of the parties hereto with respect to this Agreement have been satisfied. View More

Term of Agreement. This Agreement will have an initial term running from the Effective Date through the fourth anniversary of three (3) years commencing on the Effective Date (the "Initial Term"). On the third (3rd) fourth anniversary of the Effective Date, this Agreement will renew automatically for additional, additional one (1) year terms (each, (each an "Additional Term") Term"), unless either party provides the other party with written notice of nonrenewal non-renewal at least one (1) year ninety (90) days pr...ior to the date of automatic renewal. Notwithstanding the foregoing, foregoing provisions of this paragraph, (a) if a Change in Control occurs (a) when there are fewer than twelve (12) months remaining during the Initial Term or (b) during an Additional Term, the term of this Agreement will extend automatically through the date that is twelve (12) months following the effective date of the Change in Control. Control, or (b) if an initial occurrence of an act or omission by the Company constituting the grounds for "Good Reason" in accordance with Section 10(g) hereof has occurred (the "Initial Grounds"), and the expiration date of the Company cure period (as such term is used in Section 10(g)) with respect to such Initial Grounds could occur following the expiration of the Initial Term or an Additional Term, the term of this Agreement will extend automatically through the date that is thirty (30) days following the expiration of such cure period, but such extension of the term will only apply with respect to the Initial Grounds. If the Executive becomes entitled to the benefits under Section 3 8 during the term of this Agreement, then the Agreement will not terminate until all of the obligations of the parties hereto with respect to this Agreement have been satisfied. View More

Term of Agreement. This Subject to Section 3, this Agreement will have an initial term of three (3) years commencing on the Effective Date (the "Initial Term"). On the third (3rd) anniversary of the Effective Date, this Agreement will renew automatically for additional, additional one (1) year terms (each, (each an "Additional Term") Term", and together with the Initial term, the "Term"), unless either party provides the other party with written notice of nonrenewal non-renewal at least one (1) year sixty (60) day...s prior to the date of automatic renewal. Notwithstanding the foregoing, foregoing provisions of this paragraph, (a) if a Change in of Control occurs (a) when there are fewer than twelve (12) months remaining during the Initial Term or (b) during an Additional Term, the term of this Agreement will extend automatically through the date that is twelve (12) months following the effective date of the Change of Control, or (b) if an initial occurrence of an act or omission by the Company constituting the grounds for Good Reason in Control. accordance with Section 10(h) hereof has occurred (the "Initial Grounds"), and the expiration date of the Company cure period (as such term is used in Section 10(h)) with respect to such Initial Grounds could occur following the expiration of the Initial Term or an Additional Term, the term of this Agreement will extend automatically through the date that is thirty (30) days following the expiration of such cure period, but such extension of the term shall only apply with respect to the Initial Grounds. If the Executive becomes entitled to the benefits under Section 3 11 during the term of this Agreement, then the Agreement will not terminate until all of the obligations of the parties hereto with respect to this Agreement have been satisfied. View More

Term of Agreement. This Agreement will have an initial term of three (3) years commencing on the Effective Date (the "Initial Term"). On the third (3rd) anniversary of the Effective Date, Date and each anniversary thereafter, this Agreement will renew automatically for additional, additional one (1) year terms (each, (each an "Additional Term") Term"), unless either party provides the other party with written notice of nonrenewal non-renewal at least one (1) year 90 days prior to the date of automatic renewal. Not...withstanding the foregoing, if If a Change in Control occurs (a) when there are fewer than twelve (12) 12 months remaining during the Initial Term or (b) during an Additional Term, the term of this Agreement will extend automatically through the date that is twelve (12) 12 months following the effective date of the Change in Control. If the Executive becomes entitled to the benefits under Section 3 during the term of this Agreement, then the Agreement will not terminate until all of the obligations of the parties hereto with respect to this Agreement have been satisfied. For clarity, an election by the Company not to renew this Agreement for an Additional Term will not be deemed to be a termination of Executive's employment without Cause or grounds for a resignation for Good Reason and, accordingly, Executive will not become eligible for severance benefits under Section 3 as a result thereof. View More

Term of Agreement. This Agreement will have an initial term of three (3) years commencing on the Effective Date (the "Initial Term"). On the third (3rd) anniversary of the Effective Date, this Agreement will renew automatically for additional, one (1) year terms (each, an "Additional Term") unless either party provides the other party with written notice of nonrenewal at least one (1) year prior to the date of automatic renewal. Notwithstanding the foregoing, (a) if a Change in Control occurs (a) when there are fe...wer than twelve (12) months remaining during the Initial Term or (b) during an Additional Term, the term of this Agreement will extend automatically through the date that is twelve (12) months following the date of the Change in Control. Control, or (b) if an initial occurrence of an act or omission by the Company constituting the grounds for "Good Reason" in accordance with Section 7(j) hereof has occurred (the "Initial Grounds"), and the expiration date of the Company cure period (as described in Section 7(j)) with respect to such Initial Grounds could occur following the expiration of the Initial Term or the Additional Term, the term of this Agreement will extend automatically through the date that is fifteen (15) days following the expiration of such cure period, but such extension of the term will only apply with respect to the Initial Grounds. If the Executive becomes entitled to the benefits under Section 3 of this Agreement, then the Agreement will not terminate until all of the obligations of the parties hereto with respect to this Agreement have been satisfied. View More

Term of Agreement. This Agreement will have an initial term of three (3) 5 years commencing on the Effective Date (the "Initial Term"). On the third (3rd) 5th anniversary of the Effective Date, Date and each one year anniversary thereafter, this Agreement will renew automatically for additional, one (1) year terms (each, an "Additional Term") unless either party provides the other party with written notice of nonrenewal at least one (1) year six (6) months prior to the date of automatic renewal. For the avoidance ...of doubt, neither the lapse of this Agreement by its terms nor non-renewal of this Agreement will by itself constitute termination of employment. Notwithstanding the foregoing, if a Change in of Control occurs (a) when there are fewer than twelve (12) 12 months remaining during the Initial Term or (b) during an Additional Term, the term of this Agreement will extend automatically through the date that is twelve (12) 12 months following the date of the Change in of Control. If Notwithstanding anything herein to the contrary, if the Executive becomes entitled to the benefits under Section 3 of this Agreement, then the Agreement will not terminate until all of the obligations of the parties hereto with respect to this Agreement have been satisfied. View More

Term of Agreement. This Agreement will have an initial term of three (3) four (4) years commencing on the Effective Date (the "Initial Term"). On the third (3rd) fourth anniversary of the Effective Date, this Agreement will renew automatically for additional, additional one (1) year terms (each, an "Additional Term") unless either party provides the other party with written notice of nonrenewal non-renewal at least one (1) year sixty (60) days prior to the date of automatic renewal. Notwithstanding the foregoing, ...foregoing sentence, if a Change in of Control occurs (a) when there are fewer than twelve (12) months remaining at any time during either the Initial Term or (b) during an Additional Term, the term of this Agreement will extend automatically through the date that is twelve (12) months following the effective date of the Change in of Control. If the Executive Employee becomes entitled to the benefits under Section 3 4 during the term of this Agreement, then the Agreement will not terminate until all of the obligations of the parties hereto with respect to this Agreement have been satisfied. View More

Term of Agreement. This Agreement will have an initial term of three (3) years commencing on the Effective Date (the "Initial Term"). On the third (3rd) anniversary of the Effective Date, this Agreement will renew automatically for additional, additional one (1) year terms (each, (each an "Additional Term") Term"), unless either party provides the other party with written notice of nonrenewal non-renewal at least one (1) year sixty (60) days prior to the date of automatic renewal. Notwithstanding the foregoing, fo...regoing provisions of this paragraph, if a Change in Control occurs (a) when there are fewer than twelve (12) months remaining during the Initial Term or (b) during an Additional Term, the term of this Agreement will extend automatically through the date that is twelve (12) months following the effective date of the Change in Control. If the Executive becomes entitled to the benefits under Section 3 during the term of this Agreement, then the Agreement will not terminate until all of the obligations of the parties hereto with respect to this Agreement have been satisfied. satisfied.2. At-Will Employment. The Company and Executive acknowledge that Executive's employment is and will continue to be at-will, as defined under applicable law. View More