Term; Renewal. Subject to Section 4.02 hereof, this Agreement has a one-year term and shall continue in force until the first anniversary of the date hereof. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty 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; Renewal a. Initial Term: Your Initial Term under this Agreement will be the period of time stated in your Contract Summary. Your Initial Term will begin on the earliest date as determined by the Customer’s current account status and meter cycle. The Initial Term for a new customer will begin on the meter-read date following acceptance of the enrollment as determined by the LDC, and may take 1-2 billing cycles.
Term; Renewal. The initial term of this Agreement shall commence on the Effective Date and, unless terminated earlier pursuant to this Agreement, shall remain in effect until March 31, 2011 (the “Initial Term”). This Agreement shall automatically renew thereafter for successive twelve (12)-month terms (each, a “Renewal Term” and, together with the Initial Term, the “Term”), unless either party provides the other party with written notice of non-renewal at least ninety (90) days before the expiration of the Initial Term or any Renewal Term.
Term; Renewal. The term of the Employee's employment under this Agreement shall be for an initial term commencing and ending on the dates set forth on the Addendum attached hereto and incorporated herein by reference ("Addendum"), which term shall automatically renew for successive one (1) year terms, on the same terms and conditions set forth herein unless either the Company or the Employee gives written notice to the other, at least thirty (30) days prior to the expiration of the initial term or any renewal term, that the term will not renew.
Term; Renewal. (a) This Agreement shall be in effect, unless sooner terminated, until the fourth anniversary of the Effective Date (the “Initial Term”) and shall be automatically renewed for successive one-year terms (each, a “Renewal Term”) upon the expiration of the Initial Term and upon the expiration of each Renewal Term unless the Board of Directors or the Advisor elects not to renew.
(b) If the Company elects not to renew this Agreement at the expiration of the Initial Term or any Renewal Term as set forth above, the Company shall deliver to the Advisor written notice the Company’s intention not to renew this Agreement not less than 90 days prior to the expiration of the then-existing term. If the Company so elects not to renew this Agreement, this Agreement shall terminate effective of the expiration date of the Initial Term or the then-current Renewal Term, as the case may be. The Company is not required to pay to the Advisor the Termination Fee if the Company terminates this Agreement pursuant to this Section 14(b).
(c) No later than 180 days prior to the expiration of the then-existing term of this Agreement, the Advisor may deliver written notice to the Company informing it of the Advisor’s intention to decline to renew this Agreement, whereupon this Agreement shall not be renewed and extended and this Agreement shall terminate effective on the expiration date of the Initial Term or the then-current Renewal Term, as the case may be. The Company is not required to pay to the Advisor the Termination Fee if the Advisor terminates this Agreement pursuant to this Section 14(c).
(d) If this Agreement is terminated pursuant to Section 14 or Section 16 of this Agreement, such termination shall be without any further liability or obligation of either party to the other, except as provided in Sections 6, 9, 10, 16, 17 and 18 of this Agreement. In addition, Sections 11, 12, 22 and 19 of this Agreement shall survive termination of this Agreement.
Term; Renewal. The Initial Term of the Agreement shall run from January 1, 2005 through and including June 30, 2006 and, if not terminated as described below, the Agreement shall, on January 1 of each year, automatically be extended for an additional year, resulting in a new one and one-half year term (the “Renewal Terms”), with such modifications hereto as the parties shall agree in writing; provided, however, that the Agreement shall not be so extended in the event that you or FLIC provides written notice of non-extension to the other party no later than October 31 of the preceding year. Notwithstanding the foregoing, FLIC may not provide such notice of non-extension during any period of time in which the Board of Directors of FLIC is actively negotiating a transaction the consummation of which would constitute a Change of Control Event (as hereinafter defined).
Term; Renewal. The initial term of this Merchant Agreement shall be for the term of three years (the “Initial Term”) commencing on the earlier date of the presentation of the first Transaction, including any test Transaction, by Merchant to Bank or the date Bank approves the Merchant Application. By either Merchant’s signature on the Merchant Application or Merchant’s processing a Transaction with Bank, Merchant confirms acceptance of the Merchant Agreement. At the expiration of the Initial Term, this Merchant Agreement will automatically renew for successive one year periods (each a “Renewal Term” and collectively with the Initial Term the “Term”) unless a party provides the other parties with notice of its intent not to renew the Merchant Agreement at least ninety days prior to the expiration of the then current term.
Term; Renewal. This Agreement has a one-year term from the Effective Date and shall continue in full force until the first anniversary of the Effective Date. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty to evaluate the performance of the Advisor annually before reentering into or renewing this Agreement, and each such renewal shall be for a term of no more than one year. Any such renewal must be approved by the Independent Directors. If this Agreement is not renewed by either party, the notice provisions of Section 13.02 shall apply to such determination to not renew.
Term; Renewal. If your electricity supply service is provided at a Fixed Price, the price of electricity under this Agreement shall be fixed for the Fixed Price Period stated on the Contract Summary Disclosure Statement included with this Agreement. The Fixed Price Period shall commence on the Start Date. At the expiration of the Fixed Price Period, this Agreement will automatically continue on a month-to-month basis on the same terms except that the price each month will be NAP’s then-current Variable Rate. NAP will provide you with a renewal notification at least 45 days and no more than 60 days prior to the expiration of any Fixed Price Period (“Renewal Notice”). In the Renewal Notice, NAP will remind you of the existing Fixed Price Period expiration date and will provide information regarding your options to renew or continue on another NAP product. Unless you select another NAP product, terminate or transfers service within 20 days of such
Term; Renewal. Unless earlier terminated as set forth herein, this Agreement and the status and obligations of Executive thereunder as an employee of the Company (except as provided for below) shall be effective for a period ending one (1) year after the Effective Date (the “Initial Term”) and, after the expiration of the Initial Term, this Agreement shall automatically renew for successive one (1) year terms (each a “Renewal Term” and, collectively with all Renewal Terms and the Initial Term, the “Term”) unless, either Party gives the other Party sixty (60) days’ advance written notice of its intention not to renew this Agreement at the conclusion of the Initial Term or the then-current Renewal Term, as applicable.
