Term Clause Example from Business Contracts

This example Term clause appears in 8 contracts from 2 companies

Term. This Agreement is effective upon your acceptance and signature below. 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 each year at the annual shareholder's meeting, and upon re- election, the terms and provisions of this Agreement shall remain in full force and effect.