The Agreement Period Clause Samples

The Agreement Period. 9.1 This AGREEMENT shall be in effect from the Effective Date until the sixtieth (60th) month anniversary of the Date of Commencement (hereinafter: the “TERM”), unless earlier terminated in accordance with the provisions of this Article 9. This AGREEMENT may only be renewed or extended by written AGREEMENT of the PARTIES hereto, and no recourse shall be had to alleged prior dealings, usage of trade, course of dealing or course of performance to extend or renew the term hereof. 9.2 The PARTIES agree that this AGREEMENT may be terminated forthwith: (a) by either Party, without any penalty, upon thirty (30) days’ written notice if the other party commits a material default under this AGREEMENT that is not cured by the defaulting Party within thirty (30) days following written notice of such default; or (b) by NFI, without any penalty, upon ten (10) days’ written notice if KIRKLAND’s fails to make any payment hereunder within ten (10) days after the date on which such payment is due, including payments owing under Section 6.5 hereof. The PARTIES further stipulate that the following shall constitute a material default: i. Transfer or assignment of contract without the prior written consent of either party, other than a transfer or assignment of the AGREEMENT by KIRKLAND’S to an affiliate or to a purchaser or all or substantially all of the assets or business of KIRKLAND’S; ii. Any act of insolvency or bankruptcy by either party; iii. Failure of either party to materially comply with any terms, conditions or obligations of this AGREEMENT and to remedy any such default specified in detail in writing by the aggrieved party within thirty (30) days of receipt of such written notice; iv. Failure by NFI to achieve any service level commitment set forth in Appendix A for three consecutive months during the Term or for four or more months in any twelve month period in each case following written notice of such failure by KIRKLAND’S and a meeting between the Parties to mutually determine the actions, if any, that should be taken to remedy such failures; v. A material breach of any of the Warehouse Security Standards or if there are repeated theft issues or other repeated breaches of security at the DC; or vi. A material adverse change in the financial condition of either party.

The Agreement Period. As agreed by both parties, the cooperation period of this agreement is one year, i.e. from November 23, 2021 to November 22, 2022. Either party shall have the right to give notice of renewal to the other party within one month prior to the expiration of this agreement, otherwise the agreement will be terminated upon expiration.

The Agreement Period. The Agreement enters into force upon the signature and runs for 48 months from the entry into force, after which it terminates without notice. Lokaltog has options for extending the Agreement twice for 2 years each time with 6 months notice. The terms of the Agreement continue to apply to goods and services ordered before the termination of the Agreement, but which are first delivered after the termination of the Agreement. Lokaltog may terminate the Agreement with a written notice of at least six (6) months until the end of a month. Please note that the Framework Agreement also terminates when the maximum framework has been reached (if this time precedes the time specified in this section), cf. 0. The Agreement is irrevocable for the Supplier The termination of the Agreement does not affect the validity of the Terms of Agreement (on liability, confidentiality, etc.), which is intended to be valid even after the termination of the Agreement.

The Agreement Period. 8.1 This Agreement will come into force on the date of commencing employment and is for an on specified period. 8.2 Each Party shall be entitled to terminate this Agreement by giving the Second Party 60-days prior written notice. 8.3 During the prior notice period, you will continue with your work and transfer your function to anyone that the Company establishes and pursuant to its instructions in an orderly manner to the Company’s satisfaction. However, the Company is entitled to waive your services during the entire or part of the prior notice period, whether notice was given by you or by the Company, provided that it pays you the prior notice consideration according to the law for the full prior notice period. 8.4 Should you resign without giving prior notice as aforementioned in Section 8.2, the Company shall be entitled to deduct the cash sum equivalent to the wages to which you would have been entitled had you worked for the prior notice period, from any money owing to you from it, including wages. 8.5 Without derogating from the Company’s rights pursuant to this Agreement or pursuant to the law, the Company is entitled to terminate this Agreement and to dismiss you immediately without any need for giving prior notice and/or payment for the prior notice period, on the occurrence of one of the following events: (1) you were convicted of an offense which included disgrace; or (2) you betrayed the Company’s trust; or (3) you behaved in a manner that is unsuitable for your status and function in the Company in a manner that prejudices the Company or its businesses; or (4) you seriously breached discipline; or (5) you acted in a manner that entitles the Company to dismiss you pursuant to the law without paying you any severance pay. 8.6 On termination of your employment in the Company, for any reason whatsoever, prior to the Company releasing the balance of any money owing to you, you must act as follows: (1) furnish the Company with all the documents and CD disks,/FLASH MEMORY or any other magnetic media, the letters, records, reports, and all the other documents that you have that are related to your work in the Company and/or to its operations as well as any of the Company’s equipment and/or other property that was placed at your disposal, including a company car, telephone device, employee’s tag or any other equipment; (2) all the data linked to the Company or its business, which is found on a personal computer under your ownership, should there be an...

The Agreement Period. 2.1. The Employee will be employed by the Company starting from November 2, 2022. 2.2. The Agreement Period is not a definite period and it may be terminated at any time as stipulated below in this Agreement. 2.3. Each of the parties may terminate the contract under this Agreement at any time, for any reason and without having to explain reasons, as follows: During the first year of the employment period – with a prior notice of one party to another of 30 days. After the first year of the employment period – with a prior notice of one party to another of 60 days. In any case, the prior notice period will not be less than as required by law. 2.4. In the notice period, the Employee will be required to actually work in the Company. However, at the Company’s discretion, it reserves the right to terminate the Employee’s work at once, to pay him his regular salary for the notice period without benefits or any allowances, or to instruct the Employee to utilize the accrued paid leave days during this period. 2.5. Notwithstanding the foregoing, the Company may dismiss the Employee at once and without prior notice in any case in which the dismissal is carried out under circumstances in which an employee may be denied severance pay according to the applicable law in Israel, in full or in part, including in the instances listed below: 2.5.1. Causing damage maliciously or in gross negligence to the Company or its property. 2.5.2. Breaching the confidentiality or non-competition obligation of the Employee to the Company. 2.5.3. A serious disciplinary violation by the Employee, including violent behavior or sexual harassment.

The Agreement Period. The Agreement Period is for the duration of the project, or 12 months, whichever is the shortest. The Client must make suitable provision for Service to be called and commenced within 3 months of Insource Teams receiving the signed HPA and/or other agreed method of order confirmation.

The Agreement Period. This Agreement shall remain in force from the commencement date to 31st March 2007, subject to earlier termination in accordance with the provision of clause 16.4. The Partners may agree in writing to extend this Agreement at any time.