Common use of Term Renewal and Termination Clause in Contracts

Term Renewal and Termination. Unless terminated earlier, as provided in this Agreement, the initial term of this Agreement shall commence on the date of membership signature and run until the date identified in the “Expiration” field at the top of this document. a. Either party may terminate this Agreement without cause upon thirty (30) days prior written notice. Either party may terminate this Agreement immediately in the event the other is in material breach of this Agreement. In the event notice is given terminating this Agreement by the Member, the due date of all outstanding OETC invoices shall be accelerated so that they become due and payable as of the date of notice of termination. b. The decision by the Member to not pay the Annual membership Fee shall be construed by OETC as the Member’s notice to terminate this Agreement. The Member may rejoin OETC at any time during this agreement by paying the Annual membership Fee.

Term Renewal and Termination. Unless terminated earlier, as provided in this Agreement, the initial term of this Agreement shall commence on the date of membership signature and run until the start date identified in the “Expiration” field at the top of this documentagreement and run for a period of one (1) year. a. This Agreement shall be renewed for an additional one (1) year period when the Member pays the Annual Membership Fee. b. Either party may terminate this Agreement without cause upon thirty (30) days prior written notice. Either party may terminate this Agreement immediately in the event the other is in material breach of this Agreement. In the event notice is given terminating this Agreement by the Member, the due date of all outstanding OETC invoices shall be accelerated so that they become due and payable as of the date of notice of termination. b. c. The decision by the Member to not pay the Annual membership Membership Fee before the end of the term of this Agreement shall be construed by OETC as the Member’s notice to terminate this Agreement. The Member may rejoin OETC at any time during this agreement by signing a new membership Agreement and paying the Annual membership Membership Fee.