Common use of Effectiveness and Initial Term of the Agreement Clause in Contracts

Effectiveness and Initial Term of the Agreement. This Agreement becomes effective on the Effective Date hereinabove, however, is subject, at all times, to the Company's prior receipt, if required, of Regulatory Approval from each of the Regulatory Authorities to the terms and conditions of and the transactions contemplated by this Agreement. The initial term of this Agreement is for a period commencing on the Effective Date hereof and ending at the close of business (Vancouver, British Columbia, Canada, time) on the date which is one year from the Effective Date hereof (the "INITIAL TERM").

Appears in 2 contracts

Samples: Ceo Executive Services Agreement (Naturally Advanced Technologies Inc), Ceo Executive Services Agreement (Naturally Advanced Technologies Inc)

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Effectiveness and Initial Term of the Agreement. This Agreement becomes effective on the Effective Date hereinabove, however, is subject, at all times, to the Company's prior receipt, if required, of Regulatory Approval from each of the Regulatory Authorities to the terms and conditions of and the transactions contemplated by this Agreement. The initial term of this Agreement is for a period commencing on the Effective Date hereof and ending at the close of business (Vancouver, British Columbia, Canada, time) on the date which is one year two years from the Effective Date hereof (the "INITIAL TERMInitial Term").

Appears in 2 contracts

Samples: Employment Services Agreement (Strategic American Oil Corp), Employment Services Agreement (Strategic American Oil Corp)

Effectiveness and Initial Term of the Agreement. This Agreement becomes effective on the Effective Date hereinabove, however, is subject, at all times, to the Company's prior receipt, if required, of Regulatory Approval from each of the Regulatory Authorities to the terms and conditions of and the transactions contemplated by this Agreement. The initial term of this Agreement is for a period commencing on the Effective Date hereof and ending at the close of business (Vancouver, British Columbia, Canada, time) on the date which is one year from the Effective Date hereof (the "INITIAL TERM").

Appears in 1 contract

Samples: Ceo Executive Services Agreement (Naturally Advanced Technologies Inc)

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Effectiveness and Initial Term of the Agreement. This Agreement becomes effective on the Effective Date hereinabove, however, is subject, at all times, to the Company's prior receipt, if required, of Regulatory Approval from each of the Regulatory Authorities to the terms and conditions of and the transactions contemplated by this Agreement. The initial term of this Agreement is for a period commencing on the Effective Date hereof and ending at the close of business (Vancouver, British Columbia, Canada, time) on the date which is one year from the Effective Date hereof (the "INITIAL TERMInitial Term").

Appears in 1 contract

Samples: Ceo Executive Services Agreement (Naturally Advanced Technologies Inc)

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