Renewal of the Contract. Clause 10. The employment contract of the employee may be renewed for a year to come on condition that the employee's previous performance is not less than 70%, which is evaluated annually; the evaluation criteria and form are arranged by the original affiliation.
Renewal of the Contract. 1. The Term of Employment stated in Article 5 hereof may be renewed, in one-year contract terms only, by the mutual written agreement of the Employer and the Employee.
Renewal of the Contract. If upon the expiration of the term initially agreed the parties have not stated in writing with minimum thirty (30) calendar days in advance about the intention to end it, the contract will be extended for a term equal to that initially agreed. The rent payment will be readjusted every 12 months of execution of the contract under the same price, as a minimum in a percentage equal or equivalent to the consumer price index certified by DANE for the year immediately previous to the expiration of any annual period over the rent payment in effect. This process will be done during the first two years of operation of the contract. When LESSEES have acquired to the right to renewal in compliance with the provisions of the code of commerce, this will be the process to follow: LESSOR will notify in writing to LESSEES, before the expiration of the last period, about the new conditions regarding term and price in which he is willing to make the contract relationship. LESSEES shall state LESSOR before the expiration of the contract, through written communication, the acceptance or rejection of the new conditions. Silence will be understood as rejection. In both cases, rejection or silence, the verbal process for regulation of the rent payment foreseen in the code of commerce and in the code of civil procedure will be taken into account. For the effects of discussing and agree the conditions regarding the renewal of the contract, it will be understood that each of the co-lessees represents the others before LESSOR. FOURTEENTH: ALIENATION OF THE ESTABLISHMENT OF COMMERCE. The contracting parts agree that in case of alienation of the establishment of commerce, it will not be understood that in such negotiation is included the lease contract. In case of alienation of the commerce establishment that operates in such property, the acquirer shall state to LESSOR in writing the intention to continue in the property and this latter will decide about the acceptance or not of the new lessees. In this case the parties can really agree the new conditions of the contract.
Renewal of the Contract. (I) Upon the expiration of the term of this Contract, the Parties may renew the Contract after negotiation.
Renewal of the Contract. Upon its expiration, the Contract may be renewed upon agreement by and between the parties hereto.
Renewal of the Contract
