Renewal and Extensions. (a) FNT shall have the right to renew (a "Renewal Right") this Agreement upon the expiration of the Initial Term for a single one-year period (the "One Year Renewal Period") or for a single two-year period (the "Two Year Renewal Period"). Each such renewal period is referred to herein as a "Renewal Period". If FNT intends to exercise a Renewal Right, FNT shall provide FIS with a written notice of such intent (a "Renewal Notice") at least six (6) months prior to the Initial Term Expiration Date. FNT's failure to provide the Renewal Notice permitted by this Section 2.2 shall be conclusive evidence of FNT's intent not to exercise a Renewal Right. The Initial Term, along with any Renewal Period, are collectively referred to herein as the "Term". Expiration Date shall be defined as the end of the Term ("Expiration Date").
Renewal and Extensions. Prior to the end of any year of this Contract, the Board and Superintendent may mutually agree to renew or extend the employment of the Superintendent, provided that the performance goals and indicators set forth in Section D.3 of this Contract have been met. In that event, the Board will take specific action to discontinue this Contract and enter a new contract of employment.
Renewal and Extensions. (a) FNF shall have the right to renew (a “Renewal Right”) this Agreement upon the expiration of the Initial Term for two successive one-year periods. Each such renewal period is referred to herein as a “Renewal Period”. If FNF intends to exercise a Renewal Right, FNF shall provide LPS with a written notice of such intent (a “Renewal Notice”) at least six (6) months prior to the Initial Term Expiration Date, or the expiration date of the initial Renewal Period. FNF’s failure to provide the Renewal Notice permitted by this Section 2.2 shall be conclusive evidence of FNF’s intent not to exercise a Renewal Right. The Initial Term, along with any Renewal Period, are collectively referred to herein as the “Term”. Expiration Date shall be defined as the end of the Term (“Expiration Date”).
Renewal and Extensions. This Second Mortgage shall secure all renewal notes executed in lieu of the Notes and any extension(s) of the Notes.
Renewal and Extensions. Prior to the end of any year of this Contract, the Board and PRINCIPAL may mutually agree to renew or extend the employment of the PRINCIPAL for a multi-year period, provided that the performance goals and indicators set forth in paragraph D.3 of this Contract have been met. In such event, the Board shall take specific action to discontinue this Contract and enter into a new multi-year contract of employment.
Renewal and Extensions. Prior to the end of any year of this contract, the Board and Administrator may mutually agree to renew or extend the employment of the Administrator for a single- or multi-year period, provided that the performance goals and indicators set forth in paragraph D.3 and Appendix A of this contract have been met. In such event, the Board shall take specific action to discontinue this contract and enter into a new contract of employment.
