Common use of Renewal of Subscription Services Clause in Contracts

Renewal of Subscription Services. Unless otherwise specified on a Service Order the following renewal terms shall apply to Subscription Services. A. If Buyer’s Subscription Services fees are $30,000 per year or greater, the following renewal terms shall apply (unless otherwise notified by HireVue in writing): Unless otherwise stated in a Service Order, the term for provision of Subscription Services under a Service Order shall automatically renew for additional renewal terms of the same length as the most recent term if the price and scope of Services for the renewal term are unchanged unless Buyer provides HireVue written notice of its intent not to renew at least sixty (60) days prior to the end of the then current subscription term (the “Renewal Notice Date”). If the price or scope of Services for the renewal term are different, or if the most recent term was for less than twelve (12) months, then mutual written agreement of the parties shall be required for any renewal. B. If Buyer’s Subscription Services fees are below $30,000 per year, the following renewal terms shall apply (unless otherwise notifed by HireVue in writing): Buyer will be presented with the following renewal options via HireVue's automated renewal system within ninety (90) days of the expiration of the current term: 1) a three (3) year renewal of the Services with no increase in Fees (provided scope remains the same); 2) a one (1) year renewal of the Services with a 5% increase in Fees; or 3) non-renewal. Buyer shall make an election of one of the three options via the automated renewal subscription no later than sixty (60) days prior to the expiration of the then current term. In the event Buyer fails to make a timely election, HireVue will make the default election of a one (1) year renewal with a 5% increase in Fees. C. Timely notice of non-renewal must be sent to xxxxxxxx@xxxxxxx.xxx in addition to the notice requirements set forth in Section 23. Failure to deliver timely, clear and unambiguous notice of non-renewal on or before the Renewal Notice Date shall result in a renewal upon the terms set forth in this Section 5.5. Invoices will be generated in accordance with the applicable renewal election, and will be due and payable in accordance with Section 4.1 of the Agreement.

Appears in 2 contracts

Samples: Master Service Agreement, Master Service Agreement

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Renewal of Subscription Services. Unless otherwise specified on a Service Order the following renewal terms shall apply to Subscription Services. A. If Buyer’s Subscription Services fees are $30,000 20,000 per year or greater, the following renewal terms shall apply (unless otherwise notified by HireVue in writing): Unless otherwise stated in a Service Order, the term for provision of Subscription Services under a Service Order shall automatically renew for additional renewal terms of the same length as the most recent initial term if the price and scope of Services for the renewal term are unchanged the same as the current subscription unless Buyer provides HireVue written notice of its intent not to renew at least sixty (60) days prior to the end of the then current subscription term (the “Renewal Notice Date”)term. If the price or scope of Services for the renewal term are different, or if the most recent initial term was for less than twelve (12) months, then mutual written agreement of the parties shall be required for any renewal. Subscription Services are non-refundable and non- cancellable except as allowed in Section 4.2 above. B. If Buyer’s Subscription Services fees are below $30,000 20,000 per year, the following renewal terms shall apply (unless otherwise notifed notified by HireVue in writing): Buyer will be presented with the following renewal options via HireVue's automated renewal system within ninety (90) days of the expiration of the current term: 1) a three (3) year renewal of the Services with no increase in Fees (provided scope remains the same); 2) a one (1) year renewal of the Services with a 5% increase in Fees; or 3) non-renewal. Buyer shall make an election of one of the three options via the automated renewal subscription no later than sixty (60) days prior to the expiration of the then current term. In the event Buyer fails to make a timely election, HireVue will make the default election of a one (1) year renewal with a 5% increase in Fees. C. Timely notice of . Once renewed, the Subscription Service is non-renewal must be sent to xxxxxxxx@xxxxxxx.xxx in addition to cancellable for the notice requirements set forth in Section 23. Failure to deliver timelyterm specified, clear and unambiguous notice of non-renewal on or before the Renewal Notice Date shall result in a renewal upon the terms set forth in this Section 5.5. Invoices invoices will be generated in accordance with the applicable renewal appropriate election, and will be due and payable in accordance with Section 4.1 3.1 of the Agreement.

Appears in 1 contract

Samples: Master Service Agreement

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Renewal of Subscription Services. Unless otherwise specified on a Service Order the following renewal terms shall apply to Subscription Services. A. If Buyer’s Subscription Services fees are $30,000 per year or greater, the following renewal terms shall apply (unless otherwise notified by HireVue in writing): Unless otherwise stated in a Service Order, the term for provision of Subscription Services under a Service Order shall automatically renew for additional renewal terms of the same length as the most recent initial term if the price and scope of Services for the renewal term are unchanged the same as the current subscription unless Buyer provides HireVue written notice of its intent not to renew at least sixty (60) days prior to the end of the then current subscription term (the “Renewal Notice Date”)term. If the price or scope of Services for the renewal term are different, or if the most recent initial term was for less than twelve (12) months, then mutual written agreement of the parties shall be required for any renewal. Subscription Services are non-refundable and non- cancellable except as allowed in Section 4.2 above. B. If Buyer’s Subscription Services fees are below $30,000 per year, the following renewal terms shall apply (unless otherwise notifed by HireVue in writing): Buyer will be presented with the following renewal options via HireVue's automated renewal system within ninety (90) days of the expiration of the current term: 1) a three (3) year renewal of the Services with no increase in Fees (provided scope remains the same); 2) a one (1) year renewal of the Services with a 5% increase in Fees; or 3) non-renewal. Buyer shall make an election of one of the three options via the automated renewal subscription no later than sixty (60) days prior to the expiration of the then current term. In the event Buyer fails to make a timely election, HireVue will make the default election of a one (1) year renewal with a 5% increase in Fees. C. Timely notice of . Once renewed, the Subscription Service is non-renewal must be sent to xxxxxxxx@xxxxxxx.xxx in addition to cancellable for the notice requirements set forth in Section 23. Failure to deliver timelyterm specified, clear and unambiguous notice of non-renewal on or before the Renewal Notice Date shall result in a renewal upon the terms set forth in this Section 5.5. Invoices invoices will be generated in accordance with the applicable renewal appropriate election, and will be due and payable in accordance with Section 4.1 3.1 of the Agreement.

Appears in 1 contract

Samples: Master Service Agreement

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