Renewal. If, as of the Effective Date, holds any outstanding undivided percentage ownership interests (each an Existing Participation Interest) in any Mortgage Loan purchased by from pursuant to a written mortgage warehouse agreement or similar written agreement executed by and prior to the Effective Date (as amended or modified from time to time, the
Renewal. A Participant who has revoked a Deferral Election may file a new Deferral Election to defer Compensation payable with respect to services performed or a performance period ending in the calendar year following the year in which such new Deferral Election is filed.
#[[Organization A:Organization]] shall notify you six (6) months prior to the expiration of the Term in writing if it intends to continue your employment beyond the expiration of the Term. If you are notified that [[Organization A:Organization]] does intend to continue your employment, then you agree that you shall negotiate exclusively with [[Organization A:Organization]] for the first 90 days following such notification. Nothing contained herein shall obligate [[Organization A:Organization]] to provide an increase to your compensation hereunder upon such renewal.
Renewal Premiums. The Ceding Company shall not accept additional premium in accordance with [Section 3.02] with respect to any tax sheltered Reinsured Policy, except as required by the express terms of such Reinsured Policy.
Non-Renewal. The Executive’s employment with the Company and the Period of Employment will terminate if the Period of Employment is not extended under [Section 1.3], with such termination to be effective at the end of the Period of Employment then in effect.
“Renewal Term. Lessor hereby grants to Lessee the right to renew this Lease until December 23, 2023 for the base rent amount of Three Thousand Dollars and 59/100 ($3,000.59) per month (the “Option Term”). After the Option Term, this Lease shall automatically renew unless Lessee gives notice of termination as set forth in [Section 3.3] of this Lease (each a “Renewal Term” and collectively, the “Renewal Terms”). The terms and conditions for the Option Term and each Renewal Term shall be the same as for the Initial Term hereof, however the monthly rental payment shall be the rental payment then in effect, as adjusted pursuant to the procedure described in [Section 4.1] in this Lease.”
Non-Renewal. If the Company does not extend or renew this Agreement at the end of the Contract Period and you have not entered into a new contractual relationship with the Company, your continuing employment, if any, with the Company shall be “at-will” and may be terminated at any time by either party. If the Company terminates your employment during the one (1) year period commencing with the last day of the Contract Period while you are an employee at-will, the Company shall continue to pay your Salary (at the rate in effect on the date of termination) at the same time and in the same manner as if you had not terminated employment for the balance, if any, of such one (1) year period; provided, however, that # you shall not be entitled to such Salary continuation if the Company terminates your employment for reasons constituting Cause and # any such Salary continuation shall be subject to offset as set forth in [Section 11(d)] above, without giving effect to the one (1) year period referenced therein.
Renewal Option. The renewal option provided for in Article 22 of the Lease (as added to the Lease by Paragraph 7 of the Fifth Amendment) shall apply to the entire premises covered by the Lease (which is the Existing Premises, the Additional Third Floor Premises plus the Additional Fourteenth Floor Premises) and may not be exercised for only a portion thereof.
Term; Renewal. This Agreement has a one-year term from the Effective Date and shall continue in full force until the first anniversary of the Effective Date. Thereafter, this Agreement may be renewed for an unlimited number of successive one-year terms upon mutual consent of the parties. It is the Board’s duty to evaluate the performance of the Advisor annually before reentering into or renewing this Agreement, and each such renewal shall be for a term of no more than one year. Any such renewal must be approved by the Independent Directors. If this Agreement is not renewed by either party, the notice provisions of Section 13.02 shall apply to such determination to not renew.
Non-Renewal of Employment Term. In the event that, # either party (you or the Company) provides a written notice that the Agreement will not be extended beyond December 31, 2026 and # your employment with the Company terminates upon the end of such Employment Term, and subject to your compliance with the obligations set forth in Sections 5, 7, 8, 9 and 100]0] of the Agreement and the timely satisfaction of the condition precedent in [Section 4(f)] of the Agreement, then:
Non-Renewal. In the event that the Company elects not to renew the term of this Agreement as provided in [Section 1.1], or if Employee elects not to renew the term of this Agreement as provided in [Section 1.1], then Employee shall have no further rights against the Company hereunder, except for the right to receive, subject to execution of a Release and Waiver in the case of [clauses [(iii), (x), (y) and (z)])])])]])])] below, # any earned but unpaid Base Salary and the value of any accrued but unused vacation, # reimbursement of expenses to which Employee is entitled under [Sections 2.4, 2.5 or 2.88]8]8]] hereof, and (iii) (x) any previously earned Performance Bonus for a prior Bonus Year which has not been paid, # any annual Performance Bonus due for the calendar year in which the non-renewal occurs, prorated based on the number of days Employee was actively employed by the Company during such year, payable at the time the such Performance Bonus would otherwise be paid in accordance with such [Section 2.2], and # whatever rights as to stock options or other equity awards Employee may have pursuant to the 2015 Option Agreement, the Matching PRSU Agreement, the Project 650 PRSU Agreement, Base RSU Agreement or any other stock option agreements or other equity award agreements with the Company.
FIRST RENEWAL PERIOD. [[Organization B:Organization]] shall have the right to renew this Lease for a term of five (5) years consecutive with the term herein provided (“First Renewal Period”), at the then “fair market rent”. [[Organization B:Organization]] shall give the [[Organization A:Organization]] no less than nine (9) months prior written notice of [[Organization B:Organization]]'s intention to exercise the option to renew prior to the Lease expiration, or [[Organization B:Organization]]’s option shall be considered waived. The “fair market rent” as contemplated by Paragraph [Section 3b] hereof shall be determined as follows: Upon receipt of [[Organization B:Organization]]’s notice of renewal, [[Organization A:Organization]] shall notify [[Organization B:Organization]] of [[Organization A:Organization]]'s opinion of the fair market rent for the First Renewal Period. If [[Organization B:Organization]] disputes [[Organization A:Organization]]'s opinion, [[Organization B:Organization]] shall, within thirty (30) days after [[Organization A:Organization]]'s said notice, by written notice to [[Organization A:Organization]], either withdraw its exercise of its renewal option or notify [[Organization A:Organization]] that [[Organization B:Organization]] elects arbitration in accordance with then prevailing Rules of Commercial Arbitration of the American Arbitration Association. If [[Organization B:Organization]] elects arbitration, it shall deliver a written notice to [[Organization A:Organization]] within fifteen (15) days after its notice to [[Organization A:Organization]] electing arbitration specifying [[Organization B:Organization]]’s determination of fair market rent for the First Renewal Period. The said Association shall designate an appraiser familiar with office buildings located in the Hennepin County, Minnesota area that is reasonably acceptable to [[Organization A:Organization]] and [[Organization B:Organization]]. The arbitrator shall, after hearing testimony from the parties and their expert witnesses, determine which of [[Organization A:Organization]]’s determination of the fair market rent or [[Organization B:Organization]]’s determination of fair market rent is closest to the actual fair market rent, and that amount shall be the Base Rent for the First Renewal Period. Each party shall pay the cost and expenses of its own expert witnesses and attorney’s fees, and the cost of the arbitration shall be shared equally by the parties.
Selected Renewal Term. The Lessee has elected the Selected Renewal Term. As set forth in [Sections 12(b)] and [Section 13(a)] of the Facility Lease, such election shall be irrevocable as to the Lessee, but shall not be binding on the Lessor if, on , an Event of Default shall have occurred and be continuing or an Event of Loss or a Deemed Loss Event shall have occurred and the Lessor shall have demanded payment under [[Section 9(c) or 9(d)])]])], as the case may be, or in response to which a Special Transfer has been effected.
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.
Renewal Term License Fees. No fewer than thirty (30) calendar days prior to the last day of the Initial Term and any Renewal Term subsequent to the Initial Term, the parties shall negotiate the license fee payable for the upcoming Renewal Term. The new license fee shall be no more than 110% of the most recent flat monthly license fee in effect (the “Renewal License Fee”). Unless the parties agree otherwise, the Renewal License Fee shall be payable in advance on or before the first day of each month.
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:
Non-Renewal by the Company. The Company may elect not to renew this Agreement prior to the expiration of the Initial Term or any Renewal Term by delivering to the Advisor a written notice of non-renewal no later than one hundred eighty (180) days prior to the expiration of the Initial Term or a Renewal Term, as applicable. Unless otherwise agreed to by the Parties, the Termination Date for any termination pursuant to this Section 15(a) shall be the last day of the Initial Term or Renewal Term, as applicable. Any decision by the Company to terminate for non-renewal pursuant to this Section 15(a) must be approved by at least two-thirds of the Independent Directors.
Non-Renewal of Employment Term. In the event that, # either party (you or the Company) provides a written notice that the Agreement will not be extended beyond December 31, 2026 and # your employment with the Company terminates upon the end of such Employment Term, and subject to your compliance with the obligations set forth in Sections 5, 7, 8, 9 and 100]0] of the Agreement and the timely satisfaction of the condition precedent in [Section 4(f)] of the Agreement, then:
“Selected Renewal Term” shall mean the renewal period commencing on July 15, 2015 and ending on July 15, 2036. The Lessor and the Lessee have agreed that the Selected Renewal Term shall be deemed to be a Renewal Term for all purposes of the Facility Lease and the other Transaction Documents.
Term. The renewal term of this Agreement shall be the period beginning on the Effective Date and ending on December 31, 2021 unless terminated earlier pursuant to the terms of this Section 2 (the “Renewal Term”). This Agreement may be renewed for additional terms in such duration as the parties may mutually agree (each a “Renewal Term”). Absent mutually agreed renewal, this Agreement shall automatically terminate upon the expiration of the Renewal Term. The Renewal Term is referred to collectively herein as the “Term.” Upon expiration or termination of the Term under circumstances not involving Cause, death or Disability, Executive shall remain as an independent member of the Board.
AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.
And AllDrafts generates clean Word and PDF files from any draft.