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 Initial Term of the Executive's employment hereunder (the "Initial Term") shall commence on January 1, 2015 (the "Effective Date"), and continuing until May 27, 2016. If neither the Company nor the Executive has provided the other with written notice of an intention to terminate this Agreement at least thirty (30) days before the end of the Initial Term (or any subsequent renewal period), this Agreement will automatically renew for a twelve (12) month period. For purposes of this Agreement, ...the word "Term" means the Initial Term and any renewal period pursuant to the preceding sentence and any extension pursuant to clause (ii) of the following sentence. Notwithstanding the preceding sentences (i) this Agreement may be terminated earlier as provided herein and (ii) if a Control Change Date (as defined in Section 11 of this Agreement) occurs during the Term, then the Term shall not end before the first anniversary of the Control Change Date or the date this Agreement is terminated earlier as provided herein. View More
Found in Summit Hotel Properties, Inc. contract

Variations of a "Term" Clause from Business Contracts

Term. The Initial Term of the Executive's employment hereunder (the "Initial Term") shall commence on January May 1, 2015 (the "Effective Date"), and continuing until May 27, 1, 2016. If neither the Company nor the Executive has provided the other with written notice of an intention to terminate this Agreement at least thirty (30) days before the end of the Initial Term (or any subsequent renewal period), this Agreement will automatically renew for a twelve (12) month period. For purposes of this Agre...ement, the word "Term" means the Initial Term and any renewal period pursuant to the preceding sentence and any extension pursuant to clause (ii) of the following sentence. Notwithstanding the preceding sentences (i) this Agreement may be terminated earlier as provided herein and (ii) if a Control Change Date (as defined in pursuant to Section 11 of this Agreement) occurs during the Term, then the Term shall not end before the first anniversary of the Control Change Date or the date this Agreement is terminated earlier as provided herein. 6. View More
Found in TELKONET INC contract
Term. The Initial Term of the Executive's employment hereunder (the "Initial Term") shall commence on January 1, November 16, 2015 (the "Effective Date"), and continuing until May 27, December 31, 2016. If neither the Company nor the Executive has provided the other with written notice of an intention to terminate this Agreement at least thirty (30) days before the end of the Initial Term (or any subsequent renewal period), this Agreement will automatically renew for a twelve (12) month period. For pu...rposes of this Agreement, the word "Term" means the Initial Term and any renewal period pursuant to the preceding sentence and any extension pursuant to clause (ii) of the following sentence. Notwithstanding the preceding sentences (i) this Agreement may be terminated earlier as provided herein pursuant to Section 6 and (ii) if a Control Change Date Sale of the Company (as defined in Section 11 4(c) of this Agreement) occurs during the Term, then the Term shall not end before the first anniversary of the Control Change Date or date of the date this Agreement is terminated earlier as provided herein. Sale of the Company. View More
Found in TELKONET INC contract
Term. The Initial Term of the Executive's employment hereunder (the "Initial Term") shall commence be for a period of three (3) years commencing on January 1, 2015 15, 2021 (the "Effective Date"), and continuing until May 27, 2016. January 14, 2024. If neither the Company nor the Executive has provided the other with written notice of an intention to terminate this Agreement at least thirty (30) days before the end of the Initial Term (or any subsequent renewal period), this Agreement will automatical...ly renew for a twelve (12) month period. For purposes of this Agreement, the word "Term" means the Initial Term and any renewal period pursuant to the preceding sentence and any extension pursuant to clause (ii) of the following sentence. Notwithstanding the preceding sentences (i) this Agreement may be terminated earlier as provided herein and (ii) if a Control Change Date (as defined in Section 11 10 of this Agreement) occurs during the Term, then the Term shall not end before the first anniversary of the Control Change Date or the date this Agreement is terminated earlier as provided herein. View More
Found in Summit Hotel Properties, Inc. contract
Term. The Initial Term of the Executive's employment hereunder (the "Initial Term") shall commence be for a period commencing on January 1, 2015 May 17, 2021 (the "Effective Date"), Date") and continuing until May 27, 2016. 2022. If neither the Company nor the Executive has provided the other with written notice of an intention to terminate this Agreement at least thirty (30) days before the end of the Initial Term (or any subsequent renewal period), this Agreement will automatically renew for a twelv...e (12) month period. For purposes of this Agreement, the word "Term" means the Initial Term and any renewal period pursuant to the preceding sentence and any extension pursuant to clause (ii) of the following sentence. Notwithstanding the preceding sentences (i) this Agreement may be terminated earlier as provided herein and (ii) if a Control Change Date (as defined in Section 11 10 of this Agreement) occurs during the Term, then the Term shall not end before the first anniversary of the Control Change Date or the date this Agreement is terminated earlier as provided herein. View More
Found in Summit Hotel Properties, Inc. contract