Initial Term and Extensions. Initial Term. For a term of thirty (30) months (hereinafter referred to as the "Initial Term"), or until and unless sooner terminated as provided herein, said Initial Term to commence on the Commencement Date and terminate at the close of the day preceding the thirty (30) month anniversary of the Commencement Date. Extension Options Eleven options of thirty months each. Tenant shall have the option, at its election, to extend the Initial Term for an additional term of thirty (30) months (hereinafter referred to as the ("First Option Term") to commence on the day next following the end of the Initial Term and to end at the close of the day preceding the thirty (30) month anniversary of the commencement of the First Option Term. Tenant shall have the option, at its election, to extend the First Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Second Option Term") to commence on the day next following the end of the First Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Second Option Term. Tenant shall have the option, at its election, to extend the Second Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Third Option Term") to commence on the day next following the end of the Second Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Third Option Term. Tenant shall have the option, at its election, to extend the Third Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Fourth Option Term") to commence on the day next following the end of the Third Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Fourth Option Term. Tenant shall have the option, at its election, to extend the Fourth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Fifth Option Term") to commence on the day next following the end of the Fourth Option Term and to end at the close of the day preceding the thirty month anniversary of the commencement of the Fifth Option Term. Tenant shall have the option, at its election, to extend the Fifth Option Term for an additional term of thirty (30) months (hereinafter referred to as the ("Sixth Option Term") to commence on the day next following the end of the Fifth Option Term and to end at the close of the...
Initial Term and Extensions. Except as otherwise provided, the term of this Agreement shall be one (1) year commencing with the effective date hereof. On the first anniversary of the effective date, and on each subsequent annual anniversary of the effective date thereafter, the Agreement shall be automatically extended for an additional year unless either party notifies the other in writing more than 30 days prior to the relevant anniversary date that the Agreement is no longer to be extended.
Initial Term and Extensions. Except as otherwise provided, the term of this Agreement shall be three (3) years commencing with the effective date hereof. On the third anniversary of the effective date, and on each subsequent annual anniversary of the effective date thereafter, the Agreement shall be automatically extended for an additional year unless either party notifies the other in writing more than 90 days prior to the relevant anniversary date that the Agreement is no longer to be extended.
Initial Term and Extensions. Except as otherwise provided, the term of this Agreement shall be in effect until June 30, 1999 and commencing with the effective date hereof. On June 30, 1999, and on each subsequent annual anniversary of this date thereafter, the term of the Agreement shall be automatically extended for an additional year unless either party notifies the other in writing more than 90 days prior to the relevant anniversary date that the Agreement is no longer to be extended. If, prior to June 30, 2009, Company notifies Employee of its desire not to extend this agreement, this will be considered termination by the Company other than by cause as described in Section 4.01.
Initial Term and Extensions. Except as otherwise provided, the term of this Agreement shall be five (5) years commencing with the effective date hereof. On the fifth (5th) anniversary of the effective date, and on each subsequent annual anniversary of the effective date thereafter, this Agreement shall be automatically extended for an additional year unless either party notifies the other in writing more than 90 days prior to the relevant anniversary date that this Agreement is no longer to be extended.
Initial Term and Extensions. Except as otherwise provided in this Agreement, the term of this Agreement shall be five (5) years commencing with the effective date hereof (the " Initial Employment Period"). On the fifth (5th) anniversary of the effective date, and on each subsequent annual anniversary of the effective date thereafter, this Agreement shall be automatically extended for an additional year (the "Renewal Period") unless either party notifies the other in writing more than 90 days prior to the relevant anniversary date that this Agreement is no longer to be extended ( the Initial Employment Period and each subsequent Renewal Period shall constitute the "Employment Period").
Initial Term and Extensions. The Term of this Agreement shall commence on the Effective Date and may extend for specified periods thereafter based on the length of the Initial Term and each Extension Period and the LANDOWNER’s completion of the various levels of development as defined below (Development Milestones) relating to each Extension Period. Each Extension Period shall consist of five years, commencing as of the last day of any prior Extension Period. Upon a failure to achieve the Development Milestone, there shall be no further extensions of the Term and the Agreement shall expire as of the ending date of the last Extension Period provided hereunder.
Initial Term and Extensions. The Term of this Agreement shall commence on the Effective Date and may extend for specified periods thereafter based on the length of the Initial Term and each Extension Period.
Initial Term and Extensions. The term of this Agreement shall begin on the date of this Agreement and shall continue for a period of twelve (12) months from such date, unless terminated earlier as provided in Section 3(b) hereof. Upon the expiration of the initial term, the term of this Agreement shall be renewed and extended automatically for additional, consecutive periods of twelve (12) months each, unless Consultant shall have given written notice to Vemics or Vemics shall have given written notice to Consultant at least sixty (60) days prior to the last day of the initial term or any renewal period, as the case may be, of Vemics’s or Consultant’s intention to terminate this Agreement, in which case such termination shall be effective, and the tenn of this Agreement shall end, on the last day of such term, unless otherwise terminated as provided in Section 3(b) hereof.
Initial Term and Extensions. Except as otherwise provided, the term of this Agreement shall continue from time to time until terminated by either party on 60 days written notice to the other.
