Automatic Renewal of Term Sample Clauses

Automatic Renewal of Term. Client understands and agrees that this Agreement shall automatically renew indefinitely for consecutive twelve (12) month terms unless RapLab and/or the Client provides the other party to this Agreement with written notice of its intention not to renew this Agreement no later than thirty (30) days prior to the expiration of the initial period, or any renewal of the Term of this Agreement.
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Automatic Renewal of Term. The term of this Agreement shall be renewed automatically for succeeding periods of one (1) year each, unless either party gives to the other party notice, at least ninety (90) days prior to the expiration of any such term, of the noticing party's intention not to renew the term of this Agreement.
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Automatic Renewal of Term. This Agreement shall automatically renew for an additional Service Period equal in duration to the Initial Service Period described in the Agreement commencing upon the prior expiration date unless one party hereto provides the other party with written notice of its intent to terminate this Agreement at least 30 days prior to the then-effective expiration date. Following each such renewal, any references in this Agreement to the expiration date of the Term or words or phrases of similar meaning shall refer to the final date of such renewal period. Such automatic renewals shall continue to automatically occur with respect to each subsequent expiration date until such time that one party delivers notice to the other party of its intent to terminate this Agreement at least 30 days prior to the then-effective expiration date. Notice of such cancellation shall be sent in accordance with Section 11 of the Agreement.
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Automatic Renewal of Term. The term of this Agreement shall be renewed automatically for succeeding periods of one (1) year each unless either party gives to the other party notice, at least ninety (90) days prior to the expiration of any such term, of the noticing party's intention not to renew the term of this Agreement. For each additional successive one (1) year term provided for in this Section 1.2, the compensation paid by Employer to Employee shall be renegotiated for such term.
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Automatic Renewal of Term. The term of this Agreement shall continue and shall be automatically renewed thereafter if NLSI shall have purchased, either directly or through ISO's, the following minimums of ID-Check Products for sale or lease during the time period specified: Minimum Number of Time Period Units to be purchased ----------- --------------------- By the end of the first year after the Production Commencement Date 2,500 By the end of the second year after the Production Commencement Date 12,000 Thereafter, a new one-year term shall commence and each year thereafter the term shall be automatically renewed for an additional one year period provided that NLSI shall have purchased, either directly or through ISO's, a minimum of fifteen thousand (15,000) ID-Check Products for sale or lease during the previous year. For purposes of the minimums established by this Section, upgrade cards shall not be included in ID-Check Products.
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Related to Automatic Renewal of Term

  • Renewal of Term Subject to Procyon’s Board of Directors’ approval, Executive’s employment shall be extended for one additional year at the end of each year of the term, or extended term, of this Agreement on the same terms and conditions as contained in this Agreement, unless either Amerx, Procyon or the Executive shall, prior to the expiration of the initial term or of any renewal term, give written notice of the intention not to renew this Agreement.

  • Commencement of Term The Term commences upon the Commercial Operation Date.

  • Expiration of Term During the Initial Term or Renewal Term, whichever currently is in effect, should either party exercise its right to terminate, all out-of-pocket expenses or costs associated with the movement of records and material will be borne by the Fund. Additionally, the Transfer Agent reserves the right to charge for any other reasonable expenses associated with such termination.

  • Continued Employment Following Expiration of Term Nothing in this Agreement shall mandate or prohibit a continuation of Executive’s employment following the expiration of the term of this Agreement, upon such terms and conditions as the Bank and Executive may mutually agree.

  • Non-Renewal Termination If the Agreement expires as set forth in Section 6(g) [Non-Renewal Termination], then, subject to Section 22 [Compliance with Section 409A], in addition to all salary, annual bonuses, expense reimbursements, benefits and accrued vacation days earned by the Executive pursuant to Section 4 through the date of the Executive’s termination of employment, the Executive shall be entitled to the compensation set forth in Sections 8(d)(i) through (v), provided that within sixty days following the Executive’s termination of employment (i) the Executive has executed and delivered the Release to the Company, and (ii) the Release has become irrevocable:

  • Waiver of Termination Right Landlord and Tenant agree that the foregoing provisions of this Paragraph 20 are to govern their respective rights and obligations in the event of any damage or destruction and supersede and are in lieu of the provisions of any applicable law, statute, ordinance, rule, regulation, order or ruling now or hereafter in force which provide remedies for damage or destruction of leased premises (including, without limitation, to the extent the Premises are located in California, the provisions of California Civil Code Section 1932, Subsection 2, and Section 1933, Subsection 4 and any successor statute or laws of a similar nature).

  • Length of Term The term of this Agreement shall extend from the Effective Date through May 8, 2014 (“Term”) unless terminated earlier in accordance with the terms herein. On May 8, 2013 and on each subsequent May 8th through and including May 8, 2017, the end date of the Term shall automatically be extended by one (1) additional year, unless either party has previously provided written notice to the other party to not so extend the Term. Once such notice has been provided, then the Term shall no longer be extended on any following May 8th. Notwithstanding anything to the contrary, this Agreement shall in all cases expire no later than (and cannot be extended beyond) May 8, 2019. Upon expiration of the Term due to either party’s providing written notice to not extend the Term, then your employment with the Company shall terminate (if not terminated earlier in accordance with the terms herein) as of the end of the Term. The terms of Sections 5 and 7 through 15 shall survive any termination or expiration of this Agreement or of your employment.

  • Initial Term The initial term will begin on the date set forth in the Contract documents or on the date the Contract is signed by all Parties, whichever is later.

  • Extended Term Tenant shall have the option to extend the Term for two (2) consecutive five (5) year periods (the "FIRST EXTENDED TERM" and "SECOND EXTENDED TERM", respectively) on all the terms and conditions contained in this Lease including, without limitation, continuation of the adjustment of the Base Rent on an annual basis as provided in Section 3.3 below (provided only that upon commencement of the First Extended Term the only remaining option to extend the Term shall be the Second Extended Term and upon exercise of the option with respect to the Second Extended Term, no further right to extend the Term shall exist). Tenant shall deliver, if at all, written notice of its exercise of the option ("OPTION NOTICE") to Landlord at least six (6) months but not more than one (1) year before the expiration of the Term or First Extended Term, as the case may be. In the event Tenant fails to deliver the applicable Option Notice within the time allowed, Landlord shall deliver written notice to Tenant of Tenant's failure to deliver the Option Notice, and Tenant shall then have thirty (30) days from receipt of such notice within which to deliver the Option Notice, if at all, to Landlord. In the event (and only in the event) that, Tenant fails to deliver an Option Notice to Landlord within such thirty (30) days, Tenant shall be considered to have elected not to extend the Term of this Lease and thereafter, Tenant shall have no further right to extend the Term of this Lease. References in this Lease to the "Term" shall include the initial Term of fifteen (15) years and shall, in addition, include the First Extended Term and the Second Extended Term, if applicable.

  • EXPIRATION OF EMPLOYMENT TERM; NON-EXTENSION OF AGREEMENT Upon the expiration of the Employment Term due to a non-extension of the Agreement by the Company or the Employee pursuant to the provisions of Section 2 hereof.

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