Examples of Extension Negotiation Period in a sentence
If the parties do not reach agreement to extend Employee’s employment during the Extension Negotiation Period, Employee’s employment shall end on the last day of the Term and Employee shall be entitled to an amount equal in total to six months of prorated Employee’s Base Salary and medical/dental premiums in addition to the remainder of compensation and benefits owed under the Term of this Agreement (“the Non-Renewal Sum”).
Dr. Umar FarooqB.Sc. (Engg) Electrical Engineering (UET) M.Sc.(Engg) Electrical Engineering, (UET) Ph.D. Electrical Engineering (Canada)2.
The protocol for establishing certain terms applicable to such Term Extension Period including, but not limited to, any additional repairs or improvements to be made to the BOC Facility, shall be as set forth in Schedule 2.2. If the Parties have not agreed to a Term Extension Period and the terms and conditions applicable thereto within the Extension Negotiation Period, this Agreement shall automatically terminate upon the expiration of the Initial Term.
Any failure of the parties to reach an agreement on a new term within the Extension Negotiation Period shall not constitute bad faith for purposes of this Paragraph.
If the Licensee and the City, acting through its Director, agree on the License Fee for the Extension Term during the Extension Negotiation Period, and provided that the agreed on License Fee is not less than the then existing License Fee, the Director and Licensee shall immediately execute a “Memorandum Confirming License Fee for Extension Term” reflecting the agreed upon License Fee.
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