Expiration of Initial Term Sample Clauses

Expiration of Initial Term. This Agreement and the Executive's employment hereunder shall automatically terminate upon the expiration of the Initial Term, provided that either party shall have given a Notice of Termination in accordance with the terms and provisions of Section 2 above.
Sample 1Sample 2See All (5)
AutoNDA by SimpleDocs
Expiration of Initial Term. Employer may terminate Employee’s employment at the expiration of the Initial Term in accordance with the terms of Section 2, above.
Sample 1Sample 2
Expiration of Initial Term. Upon expiration of the Initial Term, should the Lessee not renew, Lessee, shall return possession of the Amended Leased Property and shall convey, donate and dedicate, without cost, charge, compensation or expense to CITY or OCWUT, all interest and title to the Private Improvements and any Ancillary Improvements to or on the Amended Leased Property to CITY and OCWUT, free and clear of all claims, liens and encumbrances.
Sample 1
Expiration of Initial Term. The Initial Term of the License granted under this Agreement shall expire five (5) years from the commencement date of this License.
Sample 1
Expiration of Initial Term. Unless Rose's service as Chairman of the Board of Directors is terminated prior to the end of the Initial Term, upon expiration of the Initial Term, Rose's Stock Options, Restricted Stock Grant shares, and Contingent Restricted Stock Grant shares, if any, shall be treated as follows: (i) All contingencies with respect to the Contingent Restricted Stock Grant shares shall be removed; (ii) If Rose continues to serve the Company in any capacity following the expiration of the Initial Term, all unvested Stock Options shall continue to vest and the restrictions shall continue to be removed from the Restricted Stock Grant shares and Contingent Stock Grant shares as provided in Sections 4-6 of this Agreement and in the stock option agreement and restricted stock grant agreement(s) provided for therein. (iii) If Rose ceases to serve the Company in any capacity at any time following expiration of the Initial Term, then, at the time Rose ceases to serve, all unvested Stock Options shall immediately vest, all restrictions shall be removed from the Restricted Stock Grant shares and all restrictions shall be removed from the Contingent Restricted Stock Grant shares. In such event, Rose shall be entitled to exercise the Stock Options at any time prior to the expiration date of the Stock Option term notwithstanding anything to the contrary in the Omnibus Plan or in this Agreement.
Sample 1
Expiration of Initial Term. The exxxxxxxnt of Cederna -------------------------- hereundex xxx xe terminated by the Company's Board of Directors as of the end of the initial term specified in paragraph 2, for any reason or no reason, upon at least 90 days' notice to Cederna prior to the effective date of such termination. In the event xx x xermination by the Company pursuant to this paragraph 4(a)(ii), the termination shall be deemed to be without Due Cause and shall be governed by paragraph 5(a)(i) or, if there has been a Change of Control prior to such termination, shall be governed by paragraph 5(a)(ii).
Sample 1
Expiration of Initial Term. The employment of Cederna -------------------------- hereundex xxx xe terminated by Cederna as of the end of the initial term specified in Paragraph 2, fxx xxx reason or no reason, upon at least 90 days' notice to the Company prior to the effective date of such termination.
Sample 1
AutoNDA by SimpleDocs

Related to Expiration of Initial Term

  • 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.

  • 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.

  • Term of Agreement; Termination A. The term of this Agreement shall commence on the date hereof. B. This Agreement shall terminate at the Effective Time of the Merger or the earlier of (i) at any time prior to consummation of the Merger by the written consent of the parties hereto and (ii) termination of the Merger Agreement in accordance with its terms. Upon such termination, no party shall have any further obligations or liabilities hereunder; provided, however, such termination shall not relieve any party from liability for any willful breach of this Agreement prior to such termination.

  • Term of Agreement This Agreement becomes effective upon the date of the last signature below ("Effective Date") and shall remain in effect until the completion of all obligations of both Parties hereto, or five years from the Effective Date, whichever comes first.

  • Termination Prior to Expiration of Term This Section shall govern any termination of this Contract except as specifically provided in the following Section for termination for cause. The City reserves the right to terminate this Contract at any time, with or without cause, upon thirty (30) days’ written notice to Consultant, except that where termination is due to the fault of the Consultant, the period of notice may be such shorter time as may be determined by the Contract Officer. In addition, the Consultant reserves the right to terminate this Contract at any time, with or without cause, upon sixty (60) days’ written notice to City, except that where termination is due to the fault of the City, the period of notice may be such shorter time as the Consultant may determine. Upon receipt of any notice of termination, Consultant shall immediately cease all services hereunder except such as may be specifically approved by the Contract Officer. Except where the Consultant has initiated termination, the Consultant shall be entitled to compensation for all services rendered prior to the effective date of the notice of termination and for any services authorized by the Contract Officer thereafter in accordance with the Schedule of Compensation or such as may be approved by the Contract Officer, except as provided in Section 7.3. In the event the Consultant has initiated termination, the Consultant shall be entitled to compensation only for the reasonable value of the work product actually produced hereunder. In the event of termination without cause pursuant to this Section, the terminating party need not provide the non-terminating party with the opportunity to cure pursuant to Section 7.2.

  • Renewal Contract Term Upon mutual written agreement, the Parties may renew this Contract, in whole or in part, for a Renewal Term not to exceed the Initial Contract Term, pursuant to the incorporated Special Contract Conditions.

  • Term of License The license granted to the Engineer by this article shall terminate at the end of the term specified in Article 2 of this contract.

  • Expiration of Agreement Notwithstanding the expiration of this Agreement, any claim or grievance arising hereunder may be processed through the grievance procedure until resolution.

  • Policy Renewal/Expiration At least thirty (30) days prior to the expiration of any policy required by this Contract, evidence of renewal or replacement policies of insurance with terms no less favorable to OGS than the expiring policies shall be delivered to OGS in the manner required for service of notice in Paragraph A.3.

  • Original Term The weighted average original term for the Receivables is at least 65 months.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!