Common use of Renewal; Termination Clause in Contracts

Renewal; Termination. (a) This Agreement shall continue in effect for successive 12 month terms until terminated by the parties. Either the Company or the Consultant may terminate this Agreement by giving the other party thirty (30) days written notice prior to end of term. However, termination of Consultant by the Company shall not relieve the Company of its financial obligations to Consultant as defined herein. Death of the Consultant and his inability to continue performing his duties under the Contract will relieve the Company of its financial obligations to Consultant as defined herein except for the payment to the Consultant’s beneficiary, legal representatives or estate, as the case may be, of any accrued compensation plus 90 days of additional compensation as used in Section 2(a) “Compensation”.

Appears in 6 contracts

Samples: Engagement Agreement, Engagement Agreement (Rangeford Resources, Inc.), Corporate Officer Consulting (Rangeford Resources, Inc.)

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