Examples of Renewal Term in a sentence
Notwithstanding anything herein contained, either Party shall have the right to terminate this Agreement on the expiration of the Initial Term and on the expiration of any Renewal Term by giving the other Party not less than ninety (90) days’ prior written notice of such termination.
The term of the Employee’s employment under this Agreement (the “Term” or “Relationship”) shall be the Initial Term (as hereinafter defined) and the Renewal Term (as hereinafter defined).
Unless earlier terminated in accordance with this Agreement, upon the expiration of the Initial Term, and upon the expiration of each subsequent Renewal Term hereof, this Agreement shall be automatically renewed for succeeding terms of Two (2) Years (each a “Renewal Term”) on the same terms and conditions hereof, unless otherwise agreed to by the Parties or Notice of Termination is given ninety (90) days before the end of the Term.
Unless otherwise expressly agreed by the parties in writing, any failure by the Company to extend the Current Term or any Renewal Term shall result in a termination of Executive’s employment without Cause as of the end of the Current Term or Renewal Term, as applicable.
At least sixty (60) days before the expiration of the initial term of this Agreement or a Renewal Term as defined in Section 7 hereof, PSS and the Issuer agree to evaluate the need for an updated Exhibit C fee schedule for the upcoming Renewal Term, and if it is determined a new schedule is needed, the parties agree to negotiate in good faith.