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Renewal Term
Renewal Term contract clause examples
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Term of Employment. The term of Executives employment under this Agreement shall commence upon the Effective Date, and end on January 31, 2021 (the ''Original Term of Employment"), unless terminated earlier in accordance herewith. The Original Term of Employment shall be automatically renewed for successive one-year terms (the "Renewal Terms") unless at least 90 days prior to the expiration of the Original Term of Employment or any Renewal Term, either Party notifies the other Party in writing that he or it is electing to terminate this Agreement at the expiration of the then current Term of Employment. "Term of Employment" shall mean the Original Term of Employment and all Renewal Terms.

Tenant shall have the right (hereinafter called the “Extension Right”) to extend the term of this lease for two additional periods (hereinafter, each called an “Extension Period”) of five (5) years each, to commence on the day (the “Renewal Term Commencement Date”) next succeeding the expiration of the then term of this lease (including the first renewal term if Tenant shall exercise its option) and to expire at midnight on the day that shall be the day before the fifth (5th) anniversary of the Renewal Term Commencement Date, upon, and subject to, the following terms, covenants and conditions:

The term of the Lease Renewal shall be three (3) years.

(t) “Renewal Term” shall have the meaning set forth in Section 4.1.

TERM OF AGREEMENT. Until this Agreement is terminated in accordance with Section 15 hereunder, this Agreement shall be in effect from the Effective Date until the fifth (5th) anniversary of the Effective Date (the "Initial Term") and shall be automatically renewed for a one (1) year term on each anniversary date thereafter for a maximum of three (3) one (1) year renewal terms (each, a "Renewal Term").

Expiration, Renewal, and Termination. The term of this Agreement is one year (subject to prior cancellation or disqualification as provided in the Policies and Procedures). If you fail to annually renew your NewYou business, or if it is canceled or terminated for any reason, you understand that you will permanently lose all rights as a Brand Partner. You shall not be eligible to sell NewYou products nor shall you be eligible to receive royalties, bonuses, or other income resulting from the activities of your former downline sales organization. In the event of cancellation, termination or nonrenewal, you waive all rights you have, including but not limited to property rights, to your former downline organization and to any bonuses, commissions or other remuneration derived through the sales and other activities of your former downline organization. NewYou reserves the right to terminate all Brand Partner Agreements upon thirty (30) days’ notice if the Company elects to: # cease business operations; # dissolve as a business entity; or # terminate distribution of its products via direct selling channels. You may cancel this Agreement at any time, and for any reason, upon written notice to NewYou at its principal business address. NewYou may cancel this Agreement for any reason upon advance written notice to you. NewYou may also take actions short of termination of the Agreement if you breach any of the provisions found in this Agreement or the Policies and Procedures.

Non-Renewal By Employee. If Employee gives notice of non-renewal under Section 1, Company shall determine the termination date and will pay accrued and unpaid Base Salary through the termination date, and any payments required under applicable employee benefit plans. If the termination date is before the end of the then current Employment Period, and if Employee signs a Severance Agreement and General Release of claims in a form satisfactory to Company, then:

The Lease Renewal term commencement date shall be upon expiration of the Lease.

the Casualty Value as of July 15, 2015 shall remain unchanged with Casualty Values as of subsequent Basic Rent Payment Dates during the Selected Renewal Term amortizing ratably from $195,000,000.00 as of the commencement of the Selected Renewal Term in semi-annual steps to $39,000,000.00 as of July 15, 2036;

as of any date during the Selected Renewal Term, shall mean the sum of

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