4Term Sample Clauses

4Term. The term of the Contract shall be for a period of three (3) years commencing on the Effective Date, unless sooner terminated in accordance with Article X - Termination. Thereafter, the Contract shall automatically renew for successive one (1) year periods, unless either party provides the other with notice of non-renewal at least ninety (90) days prior to the end of the term or any renewal term. Termination or expiration of this Contract for any reason whatsoever shall not effect Orders (unless the Order is terminated in accordance with Article X – Termination) issued prior to the date of such expiration or termination.

4Term. The Company shall continue until dissolved and its affairs wound up in accordance with the Act and the terms of this Agreement.

4Term. Any Series A Director shall hold office until his or her successor shall have been duly elected and qualified, subject, however, to such director’s earlier death, resignation, disqualification or removal. Any vacancy in the Board of Directors of a seat entitled to be filled by the holders of the Series A Preferred Stock under this Article IV may be filled by the Series A Requisite Investors. A Series A Director may be removed with or without cause, in each case only by the Series A Requisite Investors. If at any time less than 33% of the Series A Preferred Stock issued on the date of this Agreement remains outstanding, the Series A Director may be removed from the Board by the holders of a majority of the shares of Common Stock then entitled to vote at an election of directors of the Company.

4Term. The term of this Agreement (the “Term”) is the period beginning today and ending on December 31, 2017; provided, however, that, beginning December 31, 2016, and on each anniversary of such date (such date and each annual anniversary thereof being called the “Renewal Date” below), the Term will automatically be extended so as to terminate two years from such Renewal Date, unless, at least 90 days before a Renewal Date, the Company has given Mx. Xxxxxxxx written notice that the Term will not be so extended; and provided further that, if a Change in Control occurs during the Term, then the Term will automatically be extended and will not terminate earlier than the last day of the 24th month after the month in which such Change in Control occurred. Notwithstanding any other provision of this Agreement, but except as otherwise provided in Section 2.2 below, the Term will expire immediately if Mx. Xxxxxxxx’x employment terminates for any reason before a Change in Control occurs.