Example ContractsClausesTerm and Termination
Term and Termination
Term and Termination contract clause examples

The Employee’s employment pursuant to this Agreement shall commence on January 1, 2023 (the "Commencement Date"), or such earlier date as may be mutually agreed by the Employee and the Company and shall continue until it is terminated as hereafter provided.

Term and Termination. The Employment Period shall begin on the Effective Date and, unless renewed hereunder, shall expire on December 31, 2022. The Employment Period shall automatically be renewed on the same terms and conditions set forth herein as modified from time to time by the parties hereto for additional one (1) year periods unless Company or Executive gives the other written notice of the election to terminate the Employment Period at least ninety (90) calendar days prior to any such renewal date; provided, however, that the Employment Period shall terminate prior to any such renewal date # immediately upon Executive’s death or Disability, # on a date of termination set forth in a written notice of termination delivered to Executive by the Company for any reason (whether for Cause or without Cause), or # immediately upon the Company’s receipt of written notice of Executive’s resignation for any reason unless such written notice specifies a later date (which date shall be no less than thirty (30) calendar days after the Company’s receipt of such written notice, unless limited by Section 409A of the Internal Revenue Code, as amended (the “Code”), and its corresponding regulations (collectively, “[Section 409A]”), or such later date is otherwise approved by the Company in writing) (such date of termination or expiration, for any reason, the “Termination Date”).

Indefinite Term. This Agreement shall be effective as of the Effective Date and shall continue in effect until the earliest of # its termination in accordance with Section 4 (Conditions) above, # the Fund or the New Fund, as the case may be, withdraw its registration statement from the SEC or completely liquidates (in either case, other than, in the case of the Fund, to reorganize into the New Fund or another successor entity), # at any time there is only one Party remaining to this Agreement, or # upon written agreement of all of the then-remaining Parties.

This Agreement will become effective as of the Effective Date and will continue until December 31, 2027 (the "Initial Term"), unless terminated earlier by one of the parties. This Agreement will automatically renew after the Initial Term for successive terms of ​ Years each if there is a Product Agreement in effect, unless either party gives written notice to the other party of its intention to terminate this Agreement ​ prior to the end of the then current term. In any event, the [[Organization C:Organization]] terms and conditions of this Agreement will continue to govern any Product Agreement in effect. Each Product Agreement will have an initial term from the Effective Date of the Product Agreement until December 31 of the Year agreed to by the parties in the Product Agreement (each, an “Initial Product Term”). Product Agreements will automatically renew after the Initial Product Term for successive terms

The term of this Agreement shall take effect on the Effective Date and shall continue for six (6) months from the Effective Date when it will automatically expire.

Within ​ of termination of or expiration of the applicable Work Order, Parexel shall return to or transport to a location designated by Client all Study Materials and this shall be at Parexel’s expense unless set forth in the Work Order. Any Study Materials returned or destroyed due to the expiration or termination of the applicable Work Order shall be returned or destroyed at Client’s reasonable cost and reasonable expense.

This Agreement will commence on the Effective Date and will terminate on the fifth (5th) anniversary of the Effective Date unless earlier terminated in accordance with this Agreement or extended by mutual signed written agreement of the parties. Any Work Order, the duration of which extends beyond the expiration or termination of this Agreement, will continue to be performed for the term of such Work Order, and will continue to be governed by the terms of this Agreement, which terms shall remain in effect beyond the expiration or termination of this Agreement solely with respect to such Work Order.

The term of the Agreement will commence on the Effective Date and continue until the earliest of: # termination as provided herein; # the last date of expiration or termination of the Patent Rights; or, # if Technology Rights are licensed and no Patent Rights are applicable, twenty (20) years after the Effective Date. ​

This Agreement shall commence on the Effective Date and will terminate on May 16, 2023 unless otherwise agreed to by the Parties in writing.

Term and Termination. The term of each Stock Option and Stock Appreciation Right shall be fixed by the Administrator, but no Stock Option or Stock Appreciation Right shall be exercisable more than ten years after the date the Stock Option or Stock Appreciation Right is granted. In the case of an Incentive Stock Option that is granted to a Ten Percent Owner, the term of such Stock Option shall be no more than five years from the date of grant. Unless otherwise determined by the Administrator on or after the date of grant, if a grantee's employment (or other service relationship) with the Company and its Subsidiaries terminates for any reason (including if a Subsidiary ceases to be a Subsidiary of the Company), the portion of each Stock Option and Stock Appreciation Right held by the grantee that is not then exercisable shall be immediately forfeited. Unless otherwise determined by the Administrator on or after the date of grant, the grantee may exercise the exercisable portion of his Stock Options and Stock Appreciation Rights until the earlier of three months after such date of termination or the expiration of the stated term of such Stock Option or Stock Appreciation Right.

Next results

Draft better contracts
faster with AllDrafts

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.