Examples of Renewal Term in a sentence
Nothing in this Contract requires the School District to exercise its option for a Renewal Term and Contractor has no expectation of a contract beyond the Initial Term, or a Renewal Term if any are exercised.
Ninety (90) days prior to the end of the Initial Term, or any Renewal Term, the School District shall notify the Contractor in writing as to whether the School District will exercise any option for a Renewal Term.
Compensation shall be based on actual Services performed during the First Renewal Term and the Board shall not be obligated to pay for any Services or other deliverables not in compliance with the Agreement.
On expiration of the Initial Term, this Agreement will automatically renew for additional successive three (3) year terms unless either Party provides a Notice of nonrenewal, as per the requirements set forth in Section 19.8 “Notices” of this Agreement, at least ninety (90) days prior to the expiration of the then-current term or unless and until earlier terminated as provided under this Agreement (each a "Renewal Term" and together with the Initial Term, the "Term").
Lexipol will invoice Agency at the commencement of the Initial Term and thirty (30) days prior to the commencement of each Renewal Term, if applicable.