Common use of PERIOD OF PERFORMANCE AND TERMINATION Clause in Contracts

PERIOD OF PERFORMANCE AND TERMINATION. The term of this Agreement will commence on the Effective Date and extend for five (5) years thereafter, unless terminated as provided herein or extended by written agreement of the parties. Either party may terminate this Agreement and the SOW in their entirety upon thirty (30) days prior written notice to the other party. If any project work is terminated by Company, Ohio State is entitled to full payment for all costs and non-cancelable commitments incurred as of the effective date of the termination. Non-cancelable commitments shall include stipends to cover graduate student appointments for the balance of an academic year.

Appears in 5 contracts

Samples: Master Agreement for Testing/Special Services, Master Agreement for Testing/Special Services, Master Agreement for Testing/Special Services

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