Beginning one year Clause Samples
The "Beginning one year" clause establishes a specific starting point for certain rights, obligations, or actions, which commence exactly one year after a defined event or the effective date of the agreement. In practice, this could mean that a party's right to terminate, renew, or exercise an option only becomes available after the first anniversary of the contract's start date. This clause is used to delay the activation of particular provisions, ensuring that both parties are committed to the agreement for at least one year before certain changes or actions can take place, thereby providing stability and predictability in the contractual relationship.
Beginning one year after the Effective Date any new countries added to the Buyer's list, per item a. and b. above, will be subject to a four month rather than a six month window.
Beginning one year after the Company's initial public offering, holders of at least 50% of the Preferred (or Common Stock issued upon conversion of the Preferred or a combination of such Common and Preferred) may request registration by the Company of Common Stock covering at least 20% of their registrable securities, or a lesser percentage if the aggregate offering price would exceed $2,000,000. Prior to the Company's initial public offering, such holders may request such registration if the aggregate offering price would exceed $5,000,000. The Company shall not be obligated to effect registration under this demand right provision more than once.
Beginning one year from the effective date of this agreement LICENSEE shall maintain the minimum level of operations specified in paragraph 5.2 above and initiate an increase of fifty percent (50%) of resources in each category except for the employment of James S. Rose▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ ▇.