Example ContractsClausesinitial term; renewal termsVariants
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Term of Agreement. This Agreement will become effective on the Effective Date and will continue for an initial period of three (3) years thereafter (the “Initial Term”), unless terminated earlier by the Consultant for any reason upon providing thirty (30) days’ prior written notice to the Company. The Initial Term may only be terminated prior to its expiration by the Company for Cause upon written notice. The Initial Term shall automatically extend for additional successive twelve (12) month periods (each period is a “Renewal Term” and collectively, the Initial Term as it may be terminated or extended by any Renewal Term is herein referred to as the “Term”) unless either party provides to the other party written notice of such party’s intent not to renew the then-current Term for an additional twelve (12) month period at least thirty (30) days prior to the expiration of the then-current Term. During any Renewal Term, either party may terminate this Agreement for any reason upon providing thirty (30) days’ prior written notice to the other party. Notwithstanding the foregoing, the Company may immediately terminate this Agreement for Cause upon written notice to the Consultant, and the Consultant may immediately terminate this Agreement without providing thirty (30) days’ prior written notice in the event the Company breaches any of its material obligations hereunder, and the Company fails to cure such breach within five (5) days of receipt of notice of the breach from the Consultant.

Term10.1Term. The initial term of Agreement. Thisthis Agreement will become effective onis for a period of twelve (12) months from the Effective Date andDate, unless earlier terminated as provided in [Section 10.2 or 10.3]3] below. After the initial term, provided this Agreement has not been earlier terminated, it will continueautomatically renew on its anniversary date for an initial period of three (3) years thereafter (the “Initial Term”), unless terminated earlier by the Consultant for any reason upon providing thirty (30) days’ prior written notice to the Company. The Initial Term may only be terminated prior to its expiration by the Company for Cause upon written notice. The Initial Term shall automatically extend for additional successive twelve (12)12 month periods (each period is a “Renewal Term” and collectively, the Initial Term as it may be terminated or extended by any Renewal Term is herein referred to as the “Term”)terms, unless either partyClient or Consultant provides to the other party written notice of such party’s intent not to renew the then-current Term for an additional twelve (12) month period at least thirty (30) days prior to the expiration of the then-current Term. During any Renewal Term, either party may terminate this Agreement for any reason upon providing thirty (30) days’ prior30 days’ written notice to the other party. Notwithstandingparty prior to any such anniversary date that the foregoing, the CompanyAgreement will not renew. If either Client or Consultant choose not to renew this Agreement, then Client may immediately terminate this Agreement for Cause upon writtenchoose in its sole discretion to provide payment in lieu of notice to Consultant, further provided that Consultant must comply with the Consultant, and the Consultant may immediately terminate this Agreement without providing thirty (30) days’ prior written notice in the event the Company breachesRelease Requirement to receive any of its material obligations hereunder, and the Company fails to cure such breach within five (5) days of receipt of notice of the breach from the Consultant. payment.

Term of Agreement. This Agreement willshall become effective on the Effective Datedate appearing next to the signatures below and will continue for an initial period of three (3) years thereafter (the “Initial Term”),terminate one (1) year thereafter. Unless otherwise agreed upon in writing by Consultant and Client, this Agreement shall be automatically be renewed beyond its Term unless terminated earlier by the Consultant for any reason upon providing thirty (30) days’sixty (60) days prior written notice to the Company. The Initial Term may only be terminated prior to its expiration by the Company for Cause upon written notice. The Initial Term shall automatically extend for additional successive twelve (12) month periods (each period is a “Renewal Term” and collectively, the Initial Term as it may be terminated or extended by any Renewal Term is herein referred to as the “Term”) unless either party provides to the other party written notice of such party’s intent not to renew the then-current Term for an additional twelve (12) month period at least thirty (30) days prior to the expiration of the then-current Term. During any Renewal Term, either party may terminate this Agreement for any reason upon providing thirty (30) days’ prior written notice to the other party. Notwithstanding the foregoing, the Company may immediately terminate this Agreement for Cause upon written notice to the Consultant, and the Consultant may immediately terminate this Agreement without providing thirty (30) days’ prior written notice in the event the Company breaches any of its material obligations hereunder, and the Company fails to cure such breach within five (5) days of receipt of notice of the breach from the Consultant. given.

TermTerm. The term of Agreement. Thisthis Agreement will become effectiveshall commence on the Effective Date and will continue forwith an initial periodterm of three (3) years6 months, and thereafter (the “Initial Term”), unless terminated earlier byon an ongoing open-ended basis. Either party shall have the Consultant for any reason upon providing thirty (30) days’ prior writtenability to terminate the Agreement after the initial 6 months with a notice to the Company. The Initial Term may only be terminated prior to its expiration by the Company for Cause upon written notice. The Initial Term shall automatically extend for additional successive twelve (12) month periods (each period is a “Renewal Term” and collectively, the Initial Term as it may be terminated or extended by any Renewal Term is herein referred to as the “Term”) unless either party provides to the other party written notice of such party’s intent not to renew the then-current Term for an additional twelve (12) month period at least thirty (30)provided in writing within 7 days prior to termination. If the expirationConsultant is terminated anytime before the end of the then-current Term. During any Renewal Term,initial 6 month term, and unless terminated by means of negative causation or proven misconduct by the Consultant, the Consultant’s fees shall be accelerated for the initial 6 months and paid in full. If a non-curable due diligence issue arises from either party mayparty, then both parties shall have the right to terminate the Agreement, if in the case of the Company, it would not be liable to pay additional compensation beyond the period that performance on the Agreement had been provided by the Consultant, or if in the case of the Consultant, it would not be obligated to continue performance on this Agreement for any reason upon providing thirty (30) days’ prior written notice to the other party. Notwithstanding the foregoing, the Company may immediately terminate this Agreement for Cause upon written notice to the Consultant, and the Consultant may immediately terminate this Agreement without providing thirty (30) days’ prior written notice in the event the Company breaches any of its material obligations hereunder, and the Company fails to cure such breach within five (5) days of receipt of noticeeffective as of the breach from the Consultant. date of termination.

Termearlier in accordance with the terms of Agreement. Thisthis Agreement, will remain in force and effect for one year, until April 30, 2016 (the “Term”), provided, however, that this Agreement will become effective on the Effective Date and will continue for an initial period of three (3) years thereafter (the “Initial Term”), unless terminated earlier by the Consultant for any reason upon providing thirty (30) days’ prior written notice to the Company. The Initial Term may only be terminated prior to its expirationrenewed by the Company for Cause upon written notice. The Initial Term shall automatically extend for additional successive twelve (12) month periods (each period is a “Renewal Term” and collectively,one (1) year periods, provided that the Initial Term as it may be terminated or extended by any Renewal Term is herein referred to as the “Term”) unless either party provides to the other partyCompany gives Consultant written notice of such party’s intent notits intention to renew the then-current Term for an additional twelve (12) month period at least thirty (30) days prior to the expirationend of the then-current Term. During any Renewal Term, either party may terminate this Agreement for any reason upon providing thirty (30) days’ prior written noticeapplicable one-year period and Consultant consents in writing to the other party. Notwithstanding the foregoing, the Company may immediately terminate this Agreement for Cause upon written notice to the Consultant, and the Consultant may immediately terminate this Agreement without providing thirty (30) days’ prior written notice in the event the Company breaches any of its material obligations hereunder, and the Company fails to cure such breach within five (5) days of receipt of notice of the breach from the Consultant. extension.

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