Term Clause Example with 4 Variations from Business Contracts
This page contains Term clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Term. The term of Executive's employment hereunder shall commence on the Commencement Date and shall continue until the one-year anniversary of the Commencement Date, unless terminated earlier as hereinafter provided in this Agreement, or unless extended, on these or different terms, by mutual written agreement of the Company and Executive ("Term"); provided, however, that on the one year anniversary of the Commencement Date and on each subsequent anniversary of such date (each a "Renewal Date") the t...erm of this Agreement shall automatically be extended by one additional year (the "Extension Period") unless either party shall have provided notice to the other 60 days prior to a Renewal Date that such party does not desire to extend the term of this Agreement, in which case no further extension of the term of this Agreement shall occur pursuant hereto but all previous extensions of the term shall continue to be given full force and effect. The "Term" of this Agreement shall include any Extension Periods. Unless the Company and Executive have otherwise agreed in writing, if Executive continues to work for the Company after the expiration of the Term, his employment thereafter shall be under the same terms and conditions provided for in this Agreement, except that his employment will be on an "at will" basis and the provisions of Sections 4.4 and 4.6(c) shall no longer be in effect.View More
Variations of a "Term" Clause from Business Contracts
Term. The term of Executive's employment hereunder shall commence be for three years commencing on the Commencement Date and shall continue until the one-year anniversary of including the Commencement Date, unless terminated earlier as hereinafter provided in this Agreement, or unless extended, on these or different terms, by mutual written agreement of the Company and Executive ("Term"); (the "Term"); provided, however, that on the one year third anniversary of the Commencement Date and on each subse...quent anniversary of such date (each a "Renewal Date") Date"), the term of this Agreement shall automatically be extended by one additional year (the "Extension Period") unless either party shall have provided notice to the other 60 120 days prior to a Renewal Date that such party does not desire to extend the term of this Agreement, in which case no further extension of the term of this Agreement shall occur pursuant hereto but all previous extensions of the term shall continue to be given full force and effect. The "Term" of this Agreement shall include any Extension Periods. Unless In connection with any non-renewal by the Company, the Company and shall pay to Executive have otherwise agreed the amount set forth in writing, if Executive continues to work for the Company after the expiration of the Term, his employment thereafter shall be under the same terms and conditions provided for in this Agreement, except that his employment will be on an "at will" basis and the provisions of Sections 4.4 and 4.6(c) shall no longer be in effect. Section 4.6(d). View More
Term. The term of Executive's employment hereunder shall commence on the Commencement Date effective date of the registration statement for the Company's proposed initial public offering (the "IPO") and related pricing of the IPO (the "Effective Date") and shall continue until the one-year two (2) year anniversary of the Commencement Effective Date, unless terminated earlier as hereinafter provided in this Agreement, or unless extended, on these or different terms, as hereinafter provided in this Agre...ement or otherwise by mutual written agreement of the Company and Executive ("Term"); provided, however, that on the one year anniversary ("Term"). Upon each prescribed date of expiration of the Commencement Date and on each subsequent anniversary of such date Term (each a "Renewal Date") Date"), the term of this Agreement Term shall automatically be extended by one additional year (the "Extension Period") unless either party shall have provided notice to the other 60 sixty (60) days prior to a Renewal Date that such party does not desire to extend the term of this Agreement, in which case no further extension of the term of this Agreement shall occur pursuant hereto but all previous extensions of the term shall continue to be given full force and effect. The For the avoidance of doubt, the "Term" of this Agreement shall include any Extension Periods. Periods, as well as the period of any extension of the Term by mutual written agreement of the Company and Executive. The delivery by the Company of written notice that the Term will not be extended in accordance herewith shall not be deemed a termination of Executive's employment by the Company without "Cause." Unless the Company and Executive have otherwise agreed in writing, if Executive continues to work for the Company after the expiration of the Term, his employment thereafter shall be under the same terms and conditions provided for in this Agreement, except that his employment will be on an "at will" basis and the provisions of Sections 4.4 4.3, 4.4, 4.5 and 4.6(c) shall no longer be in effect. View More
Term. The term of Executive's employment hereunder shall commence on the Commencement Date effective date of the registration statement for the Company's proposed initial public offering (the "IPO") and related pricing of the IPO (the "Effective Date") and shall continue until the one-year three (3) year anniversary of the Commencement Effective Date, unless terminated earlier as hereinafter provided in this Agreement, or unless extended, on these or different terms, as hereinafter provided in this Ag...reement or otherwise by mutual written agreement of the Company and Executive ("Term"); provided, however, that on the one year anniversary ("Term"). Upon each prescribed date of expiration of the Commencement Date and on each subsequent anniversary of such date Term (each a "Renewal Date") Date"), the term of this Agreement Term shall automatically be extended by one additional year (the "Extension Period") unless either party shall have provided notice to the other 60 days prior to a Renewal Date that such party does not desire to extend the term of this Agreement, in which case no further extension of the term of this Agreement shall occur pursuant hereto but all previous extensions of the term shall continue to be given full force and effect. The For the avoidance of doubt, the "Term" of this Agreement shall include any Extension Periods. Periods, as well as the period of any extension of the Term by mutual written agreement of the Company and Executive. The delivery by the Company of written notice that the Term will not be extended in accordance herewith shall not be deemed a termination of Executive's employment by the Company without "Cause." Unless the Company and Executive have otherwise agreed in writing, if Executive continues to work for the Company after the expiration of the Term, his employment thereafter shall be under the same terms and conditions provided for in this Agreement, except that his employment will be on an "at will" basis and the provisions of Sections 4.4 4.3, 4.4, 4.5 and 4.6(c) shall no longer be in effect. View More
Term. The term of Executive's employment hereunder shall commence on the Commencement Effective Date and shall continue until the one-year two (2) year anniversary of the Commencement Effective Date, unless terminated earlier as hereinafter provided in this Agreement, or unless extended, on these or different terms, as hereinafter provided in this Agreement or otherwise by mutual written agreement of the Company and Executive ("Term"); provided, however, that on the one year anniversary (the "Term"). ...Upon each prescribed date of expiration of the Commencement Date and on each subsequent anniversary of such date Term (each a "Renewal Date") Date"), the term of this Agreement Term shall automatically be extended by one additional year (the "Extension Period") unless either party shall have provided notice to the other 60 sixty (60) days prior to a Renewal Date that such party does not desire to extend the term of this Agreement, in which case no further extension of the term of this Agreement shall occur pursuant hereto but all previous extensions of the term shall continue to be given full force and effect. The For the avoidance of doubt, the "Term" of this Agreement shall include any Extension Periods. Periods, as well as the period of any extension of the Term by mutual written agreement of the Company and Executive. The delivery by the Company of written notice that the Term will not be extended in accordance herewith shall not be deemed a termination of Executive's employment by the Company without "Cause." Unless the Company and Executive have otherwise agreed in writing, if Executive continues to work for the Company after the expiration of the Term, his employment thereafter shall be under the same terms and conditions provided for in this Agreement, except that his employment will be on an "at will" basis and the provisions of Sections 4.4 4.3, 4.4, 4.5 and 4.6(c) hereof shall no longer be in effect. View More
