Term Renewal and Termination. The term of this Agreement is one (1) year commencing on the Effective Date. This Agreement will automatically renew each year on the anniversary of the Effective Date, unless otherwise terminated pursuant to the terms hereunder. The Membership Fee for each successive renewal term shall be 5% greater than the preceding term. Either party may terminate this Agreement at any time by providing thirty days written notice to the other. The Agreement will terminate 30 days after the date written notice is delivered to PremierMED. In the event of a termination, the Membership Fee shall be pro-rated as of the termination date. The Member will pay the Membership Fee up to the termination date and if any portion of the Membership Fee has been paid in advance, any unused portion of the Membership Fee, if any, will be refunded to the Member within 30 days following the termination date.
Appears in 8 contracts
Samples: Membership Agreement, Membership Agreement, Membership Agreement
