Term and Extension of Agreement Sample Clauses

Term and Extension of Agreement. The term of this Agreement is seven years, commencing on the date that it is signed by all Parties, unless extended or renewed in writing by the Parties.
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Term and Extension of Agreement. This agreement is effective July 1, 2019, and terminates on June 30, 2020, except that the term of this Agreement may be extended for a single one-year period upon written approval of both parties at least 30 days before the first day of the one-year extension period. The Manager of the SJVIA is authorized to sign the written approval on behalf of the SJVIA.
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Term and Extension of Agreement. A. The term of this RESTATED AGREEMENT shall be for a period of ten (10) years commencing on January 1, 2015 and ending on December 31, 2025, inclusive, subject to the provisions of Section 21 of this RESTATED AGREEMENT. B. This RESTATED AGREEMENT may be extended, by mutual agreement of CITY and SJCMAC, in writing, for additional periods of not less than three (3) years each, pursuant to the following process: 1. If SJCMAC seeks an extension it shall submit a letter of request to CITY at least one hundred eighty (180) days prior to the expiration of this RESTATED AGREEMENT. 2. CITY shall respond to SJCMAC’s letter of request for an extension of the RESTATED AGREEMENT within forty-five (45) days of the date of said letter. If CITY intends to refuse to extend the RESTATED AGREEMENT, it shall explain the reasons for the decision in its response to SJCMAC. If CITY refuses to extend the RESTATED AGREEMENT based on upon a failure of SJCMAC to comply with the terms of this RESTATED AGREEMENT, CITY shall provide SJCMAC with notice of its failure to comply with the terms of the RESTATED AGREEMENT and the opportunity to cure said noncompliance in accordance with Section 20.
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Term and Extension of Agreement. This Agreement shall have an initial term of one (1) year (“Initial Term”), and shall there- after be automatically extended for successive twelve (12) month periods (each a “Rating Period”) unless terminated in accordance with the terms of this Agreement. The financial terms for each subsequent Rating Period hereunder shall change at the beginning of each Rating Period. Any such change to the financial terms including premiums pursuant to this section shall be communicated to Company in a writing approved by an officer of BCBSRI and signed by BCBSRI, which writing shall constitute an amendment to this Agreement. During any such extension, this Agreement and all of its terms and conditions shall remain in full force and effect, except as otherwise amended or modified in writing. Any change to the terms and conditions of this Agreement, other than a decrease in benefits or a change in the financial terms as described above or in Section IV (3) (A), shall be communicated to Company in a writing approved by an officer of BCBSRI and signed by the parties hereto, which writing shall constitute an amendment to this Agreement.
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Term and Extension of Agreement. The term of this AGREEMENT is for three (3) years commencing on the date of execution by the Board of Supervisors, with a maximum allowable compensation of two-hundred thousand dollars ($200,000). The term of this AGREEMENT is for five (5) years commencing on the date of execution by the Board of Supervisors, with a maximum allowable compensation of two-hundred thousand dollars ($200,000). The new term expiration date shall be 3/05/2012.
Sample 1
Term and Extension of Agreement. Unless terminated pursuant to the provisions of Section 13 below, the initial term of this Agreement shall be for a period of one year from the Effective Date first listed above. Upon expiration of the initial term, the term shall be automatically renewed for additional successive terms of one (1) year, in perpetuity, unless either party gives the other party written notice, not less than ninety (90) days prior to the expiration of the initial or any renewal term, of its intention not to renew under the existing terms.
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Related to Term and Extension of Agreement

  • Extension of Agreement Prior to the original expiration date of this Agreement, the Parties mutually agree to extend this Agreement to the February 15 extension date identified in Paragraph VIII(A). The Parties acknowledge that no further extensions of this Agreement are authorized.

  • Expiration and Extension of the Offer (i) Unless the Offer is extended pursuant to and in accordance with this Agreement, the Offer shall expire at midnight, New York Time, on the date that is twenty (20) Business Days after the date the Offer is first commenced (within the meaning of Rule 14d-2 promulgated under the Exchange Act) (as such date and time may be extended, the “Expiration Time”). In the event that the Offer is extended pursuant to and in accordance with this Agreement, then the Offer shall expire on the date and at the time to which the Offer has been so extended. (ii) Notwithstanding the provisions of Section 2.1(d)(i) or anything to the contrary set forth in this Agreement: (A) Acquisition Sub shall extend the Offer for any period required by any Law or Order, or any rule, regulation, interpretation or position of the SEC or its staff or NASDAQ, in any such case that is applicable to the Offer; (B) in the event that any of the conditions to the Offer set forth on Annex A, other than the Minimum Condition, are not satisfied or waived (if permitted hereunder) as of any then scheduled expiration of the Offer, Acquisition Sub shall extend the Offer for successive extension periods of ten (10) Business Days each (or any longer period as may be approved in advance by the Company) in order to permit the satisfaction of all of the conditions to the Offer; and (C) in the event that all of the conditions to the Offer set forth on Annex A have been satisfied or waived (if permitted hereunder), except that the Minimum Condition has not been satisfied, as of any then scheduled expiration of the Offer, Acquisition Sub shall extend the Offer for an extension period of ten (10) Business Days (or any longer period as may be approved in advance by the Company), it being understood and agreed that Acquisition Sub shall not be required to extend the Offer pursuant to this clause (C) on more than two (2) occasions, but may, in its sole discretion, elect to do so; provided, however, that the foregoing clauses (A), (B) or (C) of this Section 2.1(d)(ii) shall not be deemed to impair, limit or otherwise restrict in any manner the right of the parties to terminate this Agreement pursuant to the terms of Article IX, and in no event shall Acquisition Sub be required to extend the Offer beyond the Termination Date. (iii) Neither Parent nor Acquisition Sub shall extend the Offer in any manner other than pursuant to and in accordance with the provisions of Section 2.1(d)(ii) without the prior written consent of the Company. (iv) Neither Parent nor Acquisition Sub shall terminate or withdraw the Offer prior to the then scheduled expiration of the Offer unless this Agreement is validly terminated in accordance with Article IX, in which case Acquisition Sub shall (and Parent shall cause Acquisition Sub to) irrevocably and unconditionally terminate the Offer promptly (but in no event more than one (1) Business Day) after such termination of this Agreement.

  • Expiration of Agreement Notwithstanding the expiration of this Agreement, any claim or grievance arising hereunder may be processed through the grievance procedure until resolution.

  • Term; Termination of Agreement This Agreement shall continue in force for a period of one year from the date hereof, subject to an unlimited number of successive one-year renewals upon mutual consent of the parties. It is the duty of the Independent Directors 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.

  • Term and Renewal of Agreements The Agreement with TIPS is for three (3) years with an option for renewal for an additional one (1) consecutive year if both parties agree. TIPS may or may not exercise the one-year extension beyond the base three-year term and whether or not to offer the extension is at the sole discretion of TIPS. The scheduled Agreement termination date shall be the last date of the month of the last month of the agreement’s legal effect. Example: If the agreement is scheduled to end on May 23, the anniversary date of the award, it would actually be extended to May 31 in the last month of the last year the contract is active. No Agreement for goods or services with a TIPS Member by the awarded vendor named in this Agreement that results from the solicitation award named in this Agreement, may incorporate an automatic renewal clause that exceeds month to month terms with which the TIPS Member must comply. All renewal terms incorporated in an Agreement by the vendor with the TIPS Member shall only be valid and enforceable when the vendor receives written confirmation by purchase order, executed Agreement or other written instruction issued by the TIPS Member for any renewal period. The purpose of this clause is to avoid a TIPS Member inadvertently renewing an Agreement during a period in which the governing body of the TIPS Member has not properly appropriated and budgeted the funds to satisfy the Agreement renewal. This term is not negotiable and any Agreement between a TIPS Member and a TIPS awarded vendor with an automatic renewal clause that conflicts with these terms is rendered void and unenforceable.

  • Entirety of Agreement This Agreement represents the entire and integrated agreement between the parties and supersedes all prior negotiations, representations, and agreements, whether written or oral.

  • Term of Agreement and Renewals The Agreement with TIPS is for approximately three (3) years with an option for renewal for an additional one

  • Modification of Agreement This Agreement may be modified, amended, suspended or terminated, and any terms or conditions may be waived, but only by a written instrument executed by the parties hereto.

  • DURATION OF AGREEMENT All agreements and obligations of the Company contained herein shall continue during the period Indemnitee serves as a director or officer of the Company or as a director, officer, trustee, partner, manager, managing member, fiduciary, employee or agent of any other corporation, partnership, joint venture, trust, employee benefit plan or other Enterprise which Indemnitee serves at the request of the Company and shall continue thereafter so long as Indemnitee shall be subject to any possible Proceeding (including any rights of appeal thereto and any Proceeding commenced by Indemnitee pursuant to Section 14 of this Agreement) by reason of Indemnitee’s Corporate Status, whether or not Indemnitee is acting in any such capacity at the time any liability or expense is incurred for which indemnification or advancement can be provided under this Agreement.

  • Term of Agreement This Agreement becomes effective upon the date of the last signature below ("Effective Date") and shall remain in effect until the completion of all obligations of both Parties hereto, or five years from the Effective Date, whichever comes first.

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