Term Clause Example from Business Contracts

Term. This Agreement is effective as of the closing of the Company's initial public offering ("IPO"); provided that you consent to be named in the Registration Statement on Form S-1 of the Company filed in connection therewith, and any amendments thereto, as a person about to become a director of the Company. Your term as director shall continue subject to the provisions in Section 9 below or 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. View More