Example ContractsClausesinitial term commitmentVariants
Initial Term Commitment
Initial Term Commitment contract clause examples

Initial Term. Executive’s employment under this Agreement commenced effective April 1, 2020 (“Effective Date”), and will continue for a period of two (2) years (the “Initial Term”). Thereafter, this Agreement shall renew only upon thirty (30) days written notice as provided in Section 4(b).

Initial Term. Executive’s employment under this Agreement commenced on September 24, 2018 (the “Effective Date”), and will continue for a period of three (3) years (the “Initial Term”). Thereafter, this Agreement shall renew only upon thirty (30) days written notice as provided in Section 4(b).

Initial Term. Executive’s employment under this Agreement commenced on December 3, 2018, and is effective as of December 3, 2018, (“Effective Date”), and will continue for a period of three (3) years (the “Initial Term”). Thereafter, this Agreement shall renew only upon thirty (30) days written notice as provided in Section 4(b).

Term of Employment. The Company hereby agrees to employ Executive, and Executive hereby agrees to be employed with the Company, upon the terms and conditions contained in this Agreement, for the period set forth in this Agreement. Executive’s continued employment with the Company pursuant to this Agreement shall commence on the Effective Date and shall continue until April 1, 2024 (the “Initial Term”) unless this Agreement is renewed pursuant to Section 8 below or until terminated in accordance with and pursuant to Section 8 below. The Initial Term and any renewal term as set forth in Section 8 below is hereinafter referred to as the “Term”.

Term of Employment. Executive's employment shall commence as of the Effective Date and shall continue for a period of three (3) years after the Effective Date unless earlier terminated as provided in Section 6 hereof (the "Initial Term"). At the end of the Initial Term, and at the end of each one (1) year period thereafter, (each, a "Renewal Date") this Agreement shall be renewed automatically thereafter for a one (1) year period (the "Renewal Term", and collectively with the Initial Term, the "Term"), unless either party gives written notice of nonrenewal to the other party as provided in Section 10 below, at least thirty (30) days prior to the applicable Renewal Date or unless this Agreement has already been terminated by any reason other than nonrenewal.

Term. The term of the Executive's employment pursuant to this Agreement shall commence on May 29, 2018 (the "Effective Date") and continue until December 31, 2022 (the "Initial Term"). Unless either party notifies the other party in writing at least 90 days prior to December 31, 2022 that such party desires to terminate the agreement, the term shall be automatically renewed for a successive three-year term until December 31, 2025 (the "Renewal Term"). Unless either party notifies the other party in writing at least 90 days prior to December 31, 2025 or any succeeding December 31, such term shall be automatically renewed for successive one-year terms unless sooner terminated pursuant to the terms of this Agreement (collectively, the Initial Term, Renewal Term and any successive one-year terms shall be referred to as the "Employment Term").

Term of Employment. The initial term of Executive’s employment under this Agreement shall be for the period beginning on the Effective Date and ending on the second anniversary of the Effective Date (the “Initial Term”). On the second anniversary of the Effective Date (if Executive’s employment hereunder has not been earlier terminated), and on each subsequent anniversary thereafter, the term of Executive’s employment under this Agreement shall automatically renew and extend for a period of twelve (12) months (each such twelve (12)-month period being a “Renewal Term”) unless written notice of non-renewal is delivered by either party to the other not less than sixty (60) days prior to the expiration of the then-existing Initial Term or Renewal Term, as applicable. Notwithstanding any other provision of this Agreement, Executive’s employment pursuant to this Agreement may be terminated at any time in accordance with Section 7. The period from the Effective Date through the expiration of this Agreement or, if sooner, the termination of Executive’s employment pursuant to this Agreement, regardless of the time or reason for such termination, shall be referred to herein as the “Employment Period.”

Term. The term of employment of Executive under this Agreement shall begin as of the Effective date hereof, for a term ending on May 31, 2022 (the “Term”), subject to the provisions for termination set forth herein. Upon expiration of the Term, this Agreement shall automatically renew for successive two (2) year periods (each a “Renewal Term” or “Term”).

Term of Employment. Executive’s employment under this Agreement shall commence on October 1, 2020 (the “Start Date”) and continue until the third annual anniversary of such date, unless terminated earlier pursuant to Article III herein (the “Initial Employment Term”). The Employment Term shall be extended automatically for successive one-year periods unless, at least 60 days prior to expiration of the Employment Term, either party gives written notice to the other party that he/it does not wish to renew the Agreement (such one year extension(s) and the Initial Employment Term to be, collectively, the “Employment Term”). Delivery of a notice of non-renewal of the Agreement by either the Executive or the Company will not be considered a resignation or termination under this Agreement.

Term. The term of Executive’s employment and the term of this Employment Agreement (the “Term”) shall commence as of the Effective Date and shall continue until March 15, 2022, subject to the termination and notice requirements described in Section 4 below.

Term. The Company and the Employer hereby employ the Executive, and the Executive hereby accepts such employment, for an initial term commencing as of the Effective Date and continuing until June 30, 2022 (the “Initial Term”), unless sooner terminated in accordance with the provisions of Section 3; with such employment to automatically continue following the Initial Term for one additional one-year period (the “Extended Term”) in accordance with the terms of this Agreement (subject to termination as aforesaid) upon the end of the Initial Term unless either party notifies the other party in writing of its intention not to renew this Agreement at least 180 days prior to the expiration of the Initial Term (the Initial Term, together with the Extended Term, shall hereinafter be referred to as the “Term”).

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