Renewal/Nonrenewal Sample Clauses

Renewal/Nonrenewal a. Nonrenewal-We may elect not to renew or continue this policy by delivering or mailing to you and your authorized agent or broker written notice of our intent not to renew. 1) Such notice must: a) be given at least sixty but not more than one hundred twenty days in advance of the end of the required policy period. b) state our specific reason(s) for nonrenewal. c) be delivered or mailed to you at the address shown in the policy and to your authorized agent or broker. Proof of delivery or mailing is sufficient proof of notice. d) Loss Notice-The company must advise the first named insured that he/she is entitled to loss information upon written request. e) Requirements for nonrenewal shall not apply if the named insured, or agent or broker authorized by the named insured, or another insurer of the named insured has delivered or mailed written notice that the policy has been replaced or is no longer desired. 2) Prior to the expiration date of this policy, in the event that a late nonrenewal notice is provided by the insurer, the coverage under this policy shall remain in effect: a) at the same terms and conditions contained in the expiring policy; and b) at the lower of the current rates or the prior period's rates until sixty days after the notice is delivered or mailed unless the insured elects to cancel sooner. 3) In the event that a timely and substantially complete notice is not provided by the insurer prior to the expiration date of the policy, coverage shall remain in effect: a) on the same terms and conditions of the expiring policy; b) for another required policy period; and c) at the lower of the current rates or the prior period's rates. However, if the insurer has established the standards and procedures required by the law relating to notice requirements and the failure to comply with these standards and procedures is a result of inadvertence or clerical mistake, then the rates applicable to the remainder of the additional required policy period shall be the insurer's current rates at the terms and conditions of the expiring policy. 4) The issuance of a late or incomplete nonrenewal notice by the insurer shall not create a new annual aggregate liability limit (if any) for the covered policy except that the annual aggregate limit of the expiring policy shall be increased in proportion to the policy extension, including any additional required policy period, caused by the late or incomplete notice of nonrenewal. 5) If the insurer provides a time...
Sample 1Sample 2Sample 3See All (9)
AutoNDA by SimpleDocs
Renewal/Nonrenewal. Nonrenewal—We may elect not to renew or continue this policy by delivering or mailing to you and your authorized agent or broker written notice of our intent not to renew.
Sample 1Sample 2
Renewal/Nonrenewal. Renewal or nonrenewal of this Contract shall be in accordance with Board policy and applicable law.
Sample 1
Renewal/Nonrenewal. 5.1 RenewaVNonrenewal. Renewal or nonrenewal shall be in accordance with Board policy and applicable law.
Sample 1
Renewal/Nonrenewal. This Employment Contract shall automatically renew for a term of three (3) calendar years, expiring July 1, 2029 unless either of the following occurs: A. The Board by contract reappoints the Superintendent for a different term allowable by law; B. The Board notifies the Superintendent in writing, on, or prior to, January 1, 2024, that he will not be reappointed at the end of the current term, in which case his employment shall cease upon the expiration of this Contract; or C. In accordance with such laws and regulation that would require nullification of this Contract.
Sample 1
Renewal/Nonrenewal. The contract is subject to renewal and nonrenewal. A. The Board may, by affirmation action, extend the Contract for an additional term, with Employee’s salary subject to negotiation. B. The Board acknowledges that unless it takes affirmative action to non-renew the Contract in a timely manner, the Contract will be renewed for an additional year. C. Non-renewal of the Contract may only be done consistent with the provisions of Section 1229 of the Revised School Code, MCL 380.1229. Action to non-renew the Contract would be required at not less than two (2) Board meetings, with appropriate written notices required to be sent to Employee, as provided immediately below: 1. On or before March 31, 2021 (or this date in a subsequent year if the Contract has not been non-renewed of if the Contract has been extended), the Board is considering non- renewal of the Contract and must deliver written notice to Employee of its action. Employee must also be advised in the notice that he will have the opportunity to meet with not less than majority of the board to discuss the reason(s) why the Board is considering non-renewal at a subsequent meeting not less than 30 days following receipt of the notice. 2. Following the actions in (1.) immediately above, on or before May 1, 2021 (or this date in a subsequent year if the Contract has not been non-renewed or if the Contract has been extended), the Board must adopt a motion non-renewing the Contract for a reason(s) that is neither arbitrary nor capricious and must deliver appropriate written notice of its action to Employee.
Sample 1
Renewal/Nonrenewal. Contract renewal or nonrenewal shall be in accordance with Board policy and Chapter 21 of the Texas Education Code.
Sample 1
AutoNDA by SimpleDocs
Renewal/Nonrenewal. 5.1 Renewal or nonrenewal shall be in accordance with the Board policy, Texas Education Code Chapter 21, Subchapter E, and applicable law. As required by the provisions of Section 21.212(a) of the Texas Education Code, the Superintendent shall be entitled to written notice of a proposed nonrenewal, not later than thirty (30) days before the last day of the contract term, containing reasonable notice of the reason(s) for the proposed nonrenewal of the Superintendent’s Contract with the District.
Sample 1
Renewal/Nonrenewal 
Sample 1Sample 2Sample 3See All (11)

Related to Renewal/Nonrenewal

  • Nonrenewal We may elect not to renew this policy. We may do so by delivering to you, or mailing to you at your mailing address shown in the Declarations, written notice at least 30 days before the expiration date of this policy. Proof of mailing will be sufficient proof of notice.

  • Auto-Renewal In the event that this Agreement is automatically renewed, the Business Associate agrees to be bound by the terms of this Agreement and laws referenced in this Agreement that are current and in effect at the time of renewal.

  • Renewal (a) This Agreement will be renewed for successive periods of ten (10) years upon the expiration of the initial Term set forth in Section 4.1 and each successive Term, unless: (i) Following notice by ICANN to Registry Operator of a fundamental and material breach of Registry Operator’s covenants set forth in Article 2 or breach of its payment obligations under Article 6 of this Agreement, which notice shall include with specificity the details of the alleged breach, and such breach has not been cured within thirty (30) calendar days of such notice, (A) an arbitrator or court of competent jurisdiction has finally determined that Registry Operator has been in fundamental and material breach of such covenant(s) or in breach of its payment obligations, and (B) Registry Operator has failed to comply with such determination and cure such breach within ten (10) calendar days or such other time period as may be determined by the arbitrator or court of competent jurisdiction; or (ii) During the then current Term, Registry Operator shall have been found by an arbitrator (pursuant to Section 5.2 of this Agreement) or a court of competent jurisdiction on at least three (3) separate occasions to have been in (A) fundamental and material breach (whether or not cured) of Registry Operator’s covenants set forth in Article 2 or (B) breach of its payment obligations under Article 6 of this Agreement. (b) Upon the occurrence of the events set forth in Section 4.2(a) (i) or (ii), the Agreement shall terminate at the expiration of the then-­‐current Term.

  • Renewal, Extension The renewal or extension of any Letter of Credit shall, for purposes hereof, be treated in all respects the same as the issuance of a new Letter of Credit hereunder.

  • Initial Term and Renewal This Agreement shall become effective upon its execution and, shall have an initial term of five (5) years. Following the expiration of the initial term, the Agreement shall automatically renew for successive one-year terms until such time that the Agreement is terminated by either Party upon giving the other Party six (6) months’ written notice of termination.

  • Term and Renewal This Agreement shall become effective as of the Effective Date and shall remain in effect for a period of three years from and after the Live Date (the “Initial Term”), and thereafter shall automatically renew for successive three year terms (each such period, a “Renewal Term”) unless terminated by any party giving written notice of non-renewal at least one hundred eighty days prior to the last day of the then current term to each other party hereto.

  • Renewal of Term Subject to Pxxxxxx's Board of Directors' approval, Executive's employment shall be extended for one additional year at the end of each year of the term, or extended term, of this Agreement on the same terms and conditions as contained in this Agreement, unless either AMERX, Procyon or the Executive shall, prior to the expiration of the initial term or of any renewal term, give written notice of the intention not to renew this Agreement.

  • Term; Renewal Subject to Section 4.02 hereof, this Agreement has a one-year term and shall continue in force until the first anniversary of the date hereof. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty to evaluate the performance of the Advisor annually before renewing the Agreement, and each such renewal shall be for a term of no more than one year.

  • Termination and Renewal This Agreement shall be in full force and effect until December 31, 2021, and shall continue in effect from year to year thereafter unless either party gives notice, in writing, at least sixty (60) days prior to any expiration or modification date of its desire to terminate or modify such Agreement; provided that, in the event the Union serves written notice in accordance with this Section, any strike or stoppage of work after any expiration or modification date shall not be deemed in violation of any provision of this Agreement, any other provision to the contrary notwithstanding.

  • Automatic Renewal Each Schedule will renew automatically at the end of the then-current Schedule Term for a Schedule Renewal Term unless terminated in accordance with this Agreement by either You or Company.

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