Term Clause Example from Business Contracts

This example Term clause appears in 2 contracts from 1 company

Term. This Agreement is effective upon your acceptance and signature below. Your term as a director shall commence on July 1, 2019. Subject to the provisions in Section 8 below, your term shall continue until your successor is duly elected and qualified. The position shall be up for re-election at the [●] annual shareholder's meeting of the Company and upon re-election, the terms and provisions of this Agreement shall remain in full force and effect.