Ten-Year Term Sample Clauses
The Ten-Year Term clause establishes that the agreement or contract will remain in effect for a period of ten years from its commencement date. In practice, this means that all rights, obligations, and responsibilities outlined in the contract are binding on the parties for a full decade, unless otherwise terminated or extended by mutual agreement. This clause provides certainty and stability for both parties by clearly defining the duration of their commitments, thereby preventing ambiguity about when the contractual relationship will end.
Ten-Year Term. This Option shall not be exercisable in any event after the expiration of ten years from the date of grant hereof.
Ten-Year Term. This Agreement shall commence on the date stated above and shall run for a period of ten years. This Agreement shall run with the land, and be binding upon the trustees, beneficiaries, heirs, personal and legal representatives, successors and permitted assigns of the parties but is subject to the other provisions of this agreement.
Ten-Year Term. The Option may not be exercised more than ten (10) years from the date of grant of the Option, as set forth below, and may be exercised during such term only in accordance with the terms of this Agreement.
Ten-Year Term. The term (the "Option Term") of the Option shall commence on the date of this Agreement and shall terminate on the tenth (10th) anniversary of the date of this Agreement, unless such Option shall theretofore have been terminated in accordance with the terms hereof or the provisions of the Plan.
Ten-Year Term. This Agreement shall commence upon its execution by the parties and shall continue for a period of approximately Ten (10) years, ending on the 30 day of June, 2023 (“Term”), unless previously terminated as provided herein or as otherwise agreed to in writing by the parties.