Term Clause Example with 9 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. Subject to the remaining terms of this Section 2, this Agreement shall be for an initial term that begins on the Effective Date and continues in effect through December 31, 2017 (the "Initial Term") and, unless terminated sooner as herein provided, shall continue on a year-to-year basis after the Initial Term (each year, a "Renewal Term," and each Renewal Term together with the Initial Term, the "Term"). If either Party elects not to renew this Agreement for a Renewal Term, such Party must give ...a written Notice of Termination to the other Party at least 180 days before the expiration of the then-current Initial Term or Renewal Term, as applicable. In the event that one Party provides the other with a Notice of Termination pursuant to this Section 2, no further automatic extensions shall occur and this Agreement shall terminate at the end of the then-existing Initial Term or Renewal Term, as applicable, and such Termination shall not result in any entitlement to compensation pursuant to Section 6 or otherwise. View More
Found in LILIS ENERGY, INC. contract

Variations of a "Term" Clause from Business Contracts

Term. Subject to the remaining terms of this Section 2, and Section 7, this Agreement shall be for an initial term that begins on the Effective Date and continues in effect through December 31, 2017 2022 (the "Initial Term") and, unless terminated sooner as herein provided, shall continue on a year-to-year basis after the Initial Term (each year, a "Renewal Term," and each Renewal Term together with the Initial Term, the "Term"). If either Party elects not to renew this Agreement for a Renewal Term, s...uch Agreement, that Party must give a written Notice notice of Termination non-renewal to the other Party at least 180 60 days before the expiration of the then-current Initial Term or Renewal Term, as applicable. Term. In the event that one Party provides the other with a Notice notice of Termination non-renewal pursuant to this Section 2, no further automatic extensions shall occur and this Agreement shall terminate at the end of the then-existing Initial Term or Renewal Term, as applicable, and except as provided in the following sentence such Termination non-renewal shall not result in any entitlement to compensation pursuant to Section 6 8 below or otherwise. An election by Cue not to renew the Initial Term or any Renewal Term shall be deemed to be a termination of Executive's employment by Cue without Cause and Executive shall be entitled to receive the payments set forth in Section 8. 1 3. BASE SALARY. During the Term, Cue shall pay Executive a base salary ("Base Salary") at the rate of $33,333 per month, which equates to an annual rate of $400,000, in accordance with the regular payroll practices of Cue. The Base Salary shall be subject to annual review and potential increase (but not decrease) in accordance with Cue's normal compensation practices. View More
Found in Cue Biopharma, Inc. contract
Term. Subject to the remaining terms provisions of this Section 2, paragraph, this Agreement shall letter agreement will be for an initial term that begins on as of the Effective Date date first set forth above (the "Effective Date") and continues in effect through December 31, 2017 the second (2nd) anniversary of the Effective Date (the "Initial Term") and, unless terminated sooner as herein provided, shall sooner, will continue on a year-to-year basis after the Initial Term (each year, a "Renewal Te...rm," and each Renewal Term together with the Initial Term, the "Term"). Term"). If either Party party elects not to renew this Agreement for a Renewal Term, such Party letter agreement, that party must give a written Notice notice of Termination termination to the other Party party at least 180 90 days before the expiration of the then-current Initial Term or Renewal Term, as applicable. In the event that Term. If one Party party provides the other with a Notice notice of Termination pursuant to this Section 2, termination, no further automatic extensions shall will occur and this Agreement shall letter agreement will terminate at the end of the then-existing Initial Term or Renewal Term, as applicable, and such Termination shall termination will not result in any entitlement to compensation pursuant to Section 6 9 below or otherwise. View More
Found in ENDRA Life Sciences Inc. contract
Term. Subject to the remaining terms provisions of this Section 2, paragraph, this Agreement shall letter agreement will be for an initial term that begins on the Effective Date as of May 28, 2019 (the "Effective Date") and continues in effect through December 31, 2017 the second (2nd) anniversary of the Effective Date (the "Initial Term") and, unless terminated sooner as herein provided, shall sooner, will continue on a year-to-year basis after the Initial Term (each year, a "Renewal Term," and each ...Renewal Term together with the Initial Term, the "Term"). Term"). If either Party party elects not to renew this Agreement for a Renewal Term, such Party letter agreement, that party must give a written Notice notice of Termination termination to the other Party party at least 180 days before the expiration of the then-current Initial Term or Renewal Term, as applicable. In the event that Term. If one Party party provides the other with a Notice notice of Termination pursuant to this Section 2, termination, no further automatic extensions shall will occur and this Agreement shall letter agreement will terminate at the end of the then-existing Initial Term or Renewal Term, as applicable, and such Termination shall termination will not result in any entitlement to compensation pursuant to Section 6 9 below or otherwise. View More
Found in ENDRA Life Sciences Inc. contract
Term. Subject to the remaining terms provisions of this Section 2, paragraph, this Agreement shall letter agreement will be for an initial term that begins on as of the Effective Date date first set forth above and continues in effect through December 31, 2017 2019 (the "Initial Term") and, unless terminated sooner as herein provided, shall sooner, will continue on a year-to-year basis after the Initial Term (each year, a "Renewal Term," and each Renewal Term together with the Initial Term, the "Term"...). Term"). If either Party party elects not to renew this Agreement for a Renewal Term, such Party letter agreement, that party must give a written Notice notice of Termination termination to the other Party party at least 180 90 days before the expiration of the then-current Initial Term or Renewal Term, as applicable. In the event that Term. If one Party party provides the other with a Notice notice of Termination pursuant to this Section 2, termination, no further automatic extensions shall will occur and this Agreement shall letter agreement will terminate at the end of the then-existing Initial Term or Renewal Term, as applicable, and such Termination shall termination will not result in any entitlement to compensation pursuant to Section 6 9 below or otherwise. View More
Found in 2 Contracts from ENDRA Life Sciences Inc.
Term. Subject to the remaining terms of this Section 2, 2 and Section 8, this Agreement shall be for an initial term that begins on the Effective Date and continues in effect through December March 31, 2017 2021 (the "Initial Term") and, unless terminated sooner as herein provided, shall continue on a year-to-year basis after the Initial Term (each year, a "Renewal Term," and each Renewal Term together with the Initial Term, the "Term"). If either Party elects not to renew this Agreement for a Renewal... Term, such Agreement, that Party must give a written Notice notice of Termination non-renewal to the other Party at least 180 30 days before the expiration of the then-current Initial Term or Renewal Term, as applicable. Term. In the event that one Party provides the other with a Notice notice of Termination non-renewal pursuant to this Section 2, 2 prior to the end of the Initial Term, no further automatic extensions shall occur and this Agreement shall terminate at the end of the then-existing Initial Term or Renewal Term, as applicable, and any such Termination non-renewal shall not result be deemed to be a termination of Executive's employment by Cue without Cause and Executive shall be entitled to receive the payments set forth in any entitlement to compensation pursuant to Section 6 or otherwise. 9(c) below. View More
Found in Cue Biopharma, Inc. contract
Term. Subject to the remaining terms of this Section 2, this Agreement shall be for an initial term that begins on the Effective Date and continues in effect through December 31, 2017 the third anniversary of the Effective Date (the "Initial Term") and, unless terminated sooner as herein provided, shall continue on a year-to-year year to year basis after the Initial Term third anniversary of the Effective Date (each year, a "Renewal Term," and each Renewal Term together with Term"). If the Initial Ter...m, the "Term"). If either Party Company or Executive elects not to renew this Agreement for a Renewal Term, such Party the Company or Executive must give a written Notice of Termination (as defined below) to the other Party party at least 180 one hundred and eighty (180) days before the expiration of the then-current Initial Term or Renewal Term, as applicable. In the event that one Party party provides the other with a Notice of Termination pursuant to this Section 2, no further automatic extensions shall will occur and this Agreement shall terminate at the end of the then-existing Initial Term or Renewal Term, as applicable, applicable and such Termination termination shall not result in any entitlement to compensation pursuant to Section 6 hereof or otherwise. View More
Found in LILIS ENERGY, INC. contract
Term. Subject to the remaining terms of this Section 2, this Agreement shall be for an initial term that begins on the Effective Date and continues in effect through December March 31, 2017 2020 (the "Initial Term") and, unless terminated sooner as herein provided, shall continue on a year-to-year basis after the Initial Term (each year, a "Renewal Term," and each Renewal Term together with the Initial Term, the "Term"). If either Party elects not to renew this Agreement for a Renewal Term, such Agree...ment, that Party must give a written Notice notice of Termination non-renewal to the other Party at least 180 30 days before the expiration of the then-current Initial Term or Renewal Term, as applicable. Term. In the event that one Party provides the other with a Notice notice of Termination non-renewal pursuant to this Section 2, no further automatic extensions shall occur and this Agreement shall terminate at the end of the then-existing Initial Term or Renewal Term, as applicable, and any such Termination non-renewal shall not result be deemed to be a termination of Executive's employment by Cue without Cause and Executive shall be entitled to receive the payments set forth in any entitlement to compensation pursuant to Section 6 or otherwise. 8(c) below. View More
Found in Cue Biopharma, Inc. contract
Term. Subject to the remaining terms of this Section 2, this Agreement shall be for an initial term that begins on the Effective Date and continues in effect through December 31, 2017 November 17, 2021 (the "Initial Term") and, unless terminated sooner as herein provided, shall continue on a year-to-year basis after the Initial Term (each year, a "Renewal Term," and each Renewal Term together with the Initial Term, the "Term"). If either Party elects not to renew this Agreement for a Renewal Term, suc...h Agreement, that Party must give a written Notice notice of Termination non-renewal to the other Party at least 180 sixty (60) days before the expiration of the then-current Initial Term or Renewal Term, as applicable. Term. In the event that one Party provides the other with a Notice notice of Termination non-renewal pursuant to this Section 2, no further automatic extensions shall occur and this Agreement shall terminate at the end of the then-existing Initial Term or Renewal Term, as applicable, and such Termination non-renewal shall not result in any entitlement to compensation pursuant to Section 6 7 below or otherwise. View More
Found in Ominto, Inc. contract
Term. Subject to the remaining terms of this Section 2, and Section 7, this Agreement shall be for an initial term that begins on the Effective Date and continues in effect through December 31, 2017 2021 (the "Initial Term") and, unless terminated sooner as herein provided, shall continue on a year-to-year basis after the Initial Term (each year, a "Renewal Term," and each Renewal Term together with the Initial Term, the "Term"). If either Party elects not to renew this Agreement for a Renewal Term, s...uch Agreement, that Party must give a written Notice notice of Termination non-renewal to the other Party at least 180 60 days before the expiration of the then-current Initial Term or Renewal Term, as applicable. Term. In the event that one Party provides the other with a Notice notice of Termination non-renewal pursuant to this Section 2, no further automatic extensions shall occur and this Agreement shall terminate at the end of the then-existing Initial Term or Renewal Term, as applicable, and except as provided in the following sentence such Termination non-renewal shall not result in any entitlement to compensation pursuant to Section 6 8 below or otherwise. View More
Found in Cue Biopharma, Inc. contract