Term; Termination; Renewal Sample Clauses

The 'Term; Termination; Renewal' clause defines the duration of the agreement, the conditions under which it can be ended, and the process for extending its validity. Typically, it specifies a start and end date for the contract, outlines the rights of either party to terminate early under certain circumstances (such as breach or mutual agreement), and details any procedures for renewing the agreement, such as notice requirements or automatic extensions. This clause ensures both parties have a clear understanding of how long their obligations last, how they can exit the contract if needed, and what steps are necessary to continue the relationship, thereby reducing uncertainty and managing expectations.
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Term; Termination; Renewal. This Agreement shall become effective as of the date of its execution, and (a) unless otherwise terminated, this Agreement shall continue in effect for two years from the date of execution, and from year to year thereafter so long as such continuance is specifically approved at least annually (i) by the Board of Trustees of the Fund or by vote of a majority of the outstanding voting securities of the Fund, and (ii) by vote of a majority of the members of the Board of Trustees of the Fund who are not “interested persons” of the Fund or the Investment Manager, cast in person at a meeting called for the purpose of voting on such approval; (b) this Agreement may at any time be terminated on sixty days’ written notice to the Investment Manager either by vote of the Board of Trustees of the Fund or by vote of a majority of the outstanding voting securities of the Fund; (c) this Agreement shall automatically terminate in the event of its assignment; and (d) this Agreement may be terminated by the Investment Manager on sixty days’ written notice to the Fund. Termination of this Agreement pursuant to this Section 9 shall be without the payment of any penalty. For purposes of this Section 9, the terms “assignment,” “interested persons,” and “vote of a majority of the outstanding voting securities” shall have their respective meanings defined in the Investment Company Act, subject, however, to such exemptions or no-action positions as may be granted by the Securities and Exchange Commission or its staff under the Investment Company Act.
Term; Termination; Renewal. This Agreement will commence on the Effective Date and will extend monthly thereafter for the period of one year, with the option to renew. Member is encouraged to make an initial three (3) month commitment in order to have his or her medical needs fully assessed. Either party may terminate this Agreement, with or without cause, at any time by providing the other party with at least thirty (30) days prior written notice; further, if Member chooses not to renew his or her contract, he or she will provide thirty (30) days notice to Wellscape Direct MD. If Wellscape Direct MD terminates this Agreement, then it will provide the Member with care in the event of illness and will make efforts to help the Member find another primary care doctor. Otherwise, after the Agreement is terminated, the doctors’ obligations to the Member will be confined to making his or her health information and records accessible and to be reasonably available to communicate with any successor clinician as authorized and required by the Member. Wellscape Direct MD will cancel the membership of patients who stop paying their monthly fees, but will send out a thirty (30) day prior written notice alerting the member to any payment issues prior to cancelling the Agreement. Members terminated for nonpayment of their fees will be given the opportunity to make up the missing payments.
Term; Termination; Renewal. This Agreement shall become effective as of the date of its execution, and (a) unless otherwise terminated, this Agreement shall continue in effect for two years from the date of execution, and from year to year after the initial two year term indefinitely so long as such continuance is specifically approved at least annually (i) by the Board of Trustees of the Fund or by vote of a majority of the outstanding voting securities of the Fund, and (ii) by vote of a majority of the members of the Board of Trustees of the Fund who are not “interested persons” of the Fund, cast in person at a meeting called for the purpose of voting on such approval; (b) this Agreement may at any time be terminated on sixty days’ written notice to the Investment Manager either by vote of the Board of Trustees of the Fund or by vote of a majority of the outstanding voting securities of the Fund; (c) this Agreement shall automatically terminate in the event of its assignment; and (d) this Agreement may be terminated by the Investment Manager on sixty days’ written notice to the Fund. Termination of this Agreement pursuant to this Section 9 shall be without the payment of any penalty. For the purposes of this Section 9, the “affirmative vote of a majority of the outstanding shares” of a Fund means the affirmative vote, at a duly called and held meeting of shareholders of the Fund, (a) of the holders of 67% or more of the shares of the Fund present (in person or by proxy) and entitled to vote at the meeting, if the holders of more than 50% of the outstanding shares of the Fund entitled to vote at the meeting are present in person or by proxy or (b) of the holders of more than 50% of the outstanding shares of the Fund entitled to vote at the meeting, whichever is less. For the purposes of this Agreement, the terms “interested person” and “assignment” have their respective meanings defined in the 1940 Act, subject, however, to the Rules and Regulations under the 1940 Act and any applicable guidance or interpretation of the Securities and Exchange Commission or its staff; and the term “approve at least annually” will be construed in a manner consistent with the 1940 Act and the Rules and Regulations under the 1940 Act and any applicable guidance or interpretation of the Securities and Exchange Commission or its staff.
Term; Termination; Renewal. The Agreement shall expire at the end of the term specified in the Agreement. Any reference to an automatic term renewal shall be deemed deleted and of no effect. At the end of the term, the Parties may agree in writing to renew or otherwise extend the Agreement, by written amendment which shall specify the terms and conditions that will apply during the renewal or extension term. Seller shall have the right to terminate the Agreement upon thirty (30) days’ notice in the event that the Equipment is taken out of use by BCM. Seller shall refund to BCM any prepaid Service fees, prorated based upon the period of time the Equipment was used by BCM. BCM shall have the right to terminate the Agreement upon written notice to Seller in the event that the Seller breaches the Agreement, and Seller has failed to cure such breach within thirty (30) days after BCM has provided Seller written notice of the breach. BCM shall have the right to terminate the Agreement for convenience upon thirty days advance written notice.
Term; Termination; Renewal. This agreement shall be effective as of July 1, 2016 through June 30, 2017 and shall remain in full force and effect from year to year thereafter unless canceled or modified as herein provided. Either party to the agreement may give written notice to the other of a desire to change, modify or terminate the agreement no sooner than ninety (90) days or later than sixty (60) days prior to June 30, 2017 or June 30 of any succeeding year. The union agrees that in the event that either party should exercise its right under the first paragraph of this section, the union will, for a period of sixty (60) days prior to June 30 of any such year, bargain with the employer with respect to all wage rates, working conditions and hours of employment for the work herein covered, and the employer agrees to bargain in the same manner. In the event the parties engage in negotiations to amend, modify or negotiate a new agreement and no agreement is reached between the parties and a strike or a lockout occurs, the parties will continue to negotiate with each other until an agreement is reached or impasse. Date Date ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ Southwest Regional Manager Business Manager/Financial Secretary Effective Date July 1, 2015 Base Wage Rate(Includes Vacation/Sup Dues/International Work dues) $34.41 Health & Welfare $ 8.05 Pension $ 5.43 Apprenticeship $ .91 International Training Fund $ .06 C. A. F. $ .15 Total $49.01 Breakdown for Vacation, Supplemental Dues and International Working Dues. Vacation $2.50 Supplemental Dues $1.00 International Working Dues $0.49 Total $3.99 The wage package increase to be effective as of 7/1/16 shall be $1.75, to be allocated by the Union. Wages and benefits on all private work shall be retroactive to 7/1/16. Benefits on Prevailing Wage projects shall be retroactive to 7/1/16 but the wage increase for Prevailing Wage projects shall be effective as of 10/1/16. Wage increase allocations for each year will be made in April of each increase year and the Associations and Contractors will be notified directly after the Allocation Meeting by mail, email or fax. Increases will be effective the first full pay period in July of each year. In the event that the Union fails to provide at least 30 days notice prior to July 1st of each allocation year, those increases will not take effect until this notice provision is satisfied. No retroactive payment of wages or benefits will be made by the Contractors if this notice goes beyond the scheduled increa...
Term; Termination; Renewal. This agreement shall be effective as of July 1, 2011 and shall remain in full force and effect from year to year thereafter unless canceled or modified as herein provided. Either party to the agreement may give written notice to the other of a desire to change, modify or terminate the agreement no sooner than ninety (90) days or later than sixty (60) days prior to June 30, 2012 or June 30 of any succeeding year. The union agrees that in the event that either party should exercise its right under the first paragraph of this section, the union will, for a period of sixty (60) days prior to June 30 of any such year, bargain with the employer with respect to all wage rates, working conditions and hours of employment for the work herein covered, and the employer agrees to bargain in the same manner. In the event the parties engage in negotiations to amend, modify or negotiate a new agreement and no agreement is reached between the parties and a strike or a lockout occurs, the parties will continue to negotiate with each other until an agreement is reached. Notwithstanding the provisions of this article and any other article of this agreement, the parties hereto may reopen this agreement on June 30, 2012 to re-negotiate changes, amendments, and modifications only with respect to wages and contributions to existing fringe benefit trust funds. If either party desires to reopen this agreement for said purposes, notice must be given in writing at least sixty (60) days prior to June 30, 2012. It is specifically understood that notwithstanding the provisions of Article 5 of this agreement, if the parties fail to reach an agreement on such matters, it will not be a violation of this agreement if either party engages in a strike or lockout, as the case may be. Date Date ▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ President Business Manager/Financial Secretary Date Date Melbourne ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ Administrator Business Manager/Financial Secretary Date Date ▇▇▇▇▇▇ Pfundstien ▇▇▇▇ ▇▇▇▇▇▇▇ Senior Executive Director Business Manager/Financial Secretary Painters & Decorators Contractor Association Las Vegas Chapter Date Date ▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ Southwest Regional Manager Business Manager/Financial Secretary Date Date ▇▇▇ ▇’▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇ Director of Labor Relations Business Manager/Financial Secretary Effective Date July 1, 2010 Base Wage Rate(Includes Vacation/Sup Dues/International Work dues) $32.38 Health & Welfare $ 7.30 Pension $ 4.30 Apprenticeship $ .63 C. A. F. $ .08 Total ...
Term; Termination; Renewal. This Agreement has a term beginning on the date of this Agreement and expiring on the date on which the term of the Venture Agreement expires or terminates for any reason. Upon any termination of this Agreement or upon a termination of the Venture Agreement for Greenlight Re Cause or GRIL Cause, the Investment Advisor will use all commercially reasonable efforts to follow the direction of the Greenlight Re Board or the GRIL Board, as applicable, with respect to the disposition of the applicable Assets necessary to satisfy Greenlight Re’s or GRIL’s withdrawal; provided, however, that neither the Investment Advisor or nor DME makes any guarantee that they can comply with such directions.
Term; Termination; Renewal. (a) Unless otherwise terminated, this Agreement shall continue in effect with respect to a Fund for two years from the date of execution, and from year to year thereafter so long as such continuance is specifically approved at least annually (i) by the Trust’s Board of Trustees and (ii) by vote of a majority of the members of the Board of Trustees who are not “interested personsof the Trust or the Administrator, in accordance with the requirements of the 1940 Act. (b) This Agreement may be terminated with respect to a Fund at any time by written notice to the Administrator by vote of the Board of Trustees. (c) This Agreement may be terminated by the Administrator with respect to a Fund on ninety days’ written notice to the Trust (which notice may be waived by the Trust). (d) This Agreement shall automatically terminate in the event of its assignment. Termination of this Agreement pursuant to this Section 9 shall be without the payment of any penalty. For purposes of this Section 9, the terms “assignment” and “interested persons” have their respective meanings defined in the 1940 Act, subject, however, to such exemptions or no-action positions as may be granted by the Securities and Exchange Commission or its staff under the 1940 Act.
Term; Termination; Renewal. This Agreement shall become effective as of the date of its execution, and a. unless otherwise terminated, this Agreement shall continue in effect until ________, 2026, and from year to year thereafter so long as such continuance is specifically approved at least annually (i) by the Board of Trustees or by vote of a majority of the outstanding voting securities of the Fund, and (ii) by vote of a majority of the Trustees of the Fund who are not interested persons of the Fund or the Adviser, cast in person at a meeting called for the purpose of voting on such approval; b. this Agreement may at any time be terminated on sixty days’ written notice to the Adviser either by vote of the Board of Trustees of the Fund or by vote of a majority of the outstanding voting securities of the Fund; c. this Agreement shall automatically terminate in the event of its assignment; and d. this Agreement may be terminated by the Adviser on sixty days’ written notice to the Fund. Termination of this Agreement pursuant to this Section 10 shall be without the payment of any penalty. For purposes of this Section 10, the terms “assignment,” “interested persons,” and “vote of a majority of the outstanding voting securities” shall have their respective meanings defined in the Investment Company Act, subject, however, to such exemptions or no-action positions as may be granted by the Securities and Exchange Commission or its staff under the Investment Company Act.
Term; Termination; Renewal. This Agreement shall become effective as of the date of its execution, and unless otherwise terminated, this Agreeaent shall continue in effect for five(5) years from the date of execution and from year to year thereafter so long as such continuance is specifically approved at least annually by the Board of Director of the Company or by a vote of a majority of the Class A outstanding voting securities of the Fund. This Agreement may be terminated by the Investment Manager on sixty days' written notice to the Fund. Termination of this Agreement pursuant to this Section 9 shall be without the payment of any penalty. For purposes of this Section 9, the terms "assignment," "interested persons," and "vote of a majority of the outstanding voting securities" shall have their respective meanings defined in the Investment Company Act, subject, however, to such exemptions or no-action positions as may be granted by the Securities and Exchange Commission or its staff under the Investment Company Act.