Example ContractsClausesterm of optionVariants
Term of Option
Term of Option contract clause examples

Term. Subject to the terms hereof, Executive’s employment hereunder shall commence as of the date hereof and shall continue until terminated hereunder by either party.

Term. The period of Executive’s employment under this Agreement shall commence on the Effective Date and shall continue until Executive’s employment with the Company is terminated pursuant to Section 5. The phrase “Term” as used in this Agreement shall refer to the entire period of employment of Executive by the Company.

Term. The Company shall employ the Executive and the Executive shall be employed by the Company pursuant to this Agreement commencing as of the Effective Date and continuing until such employment is terminated in accordance with the provisions hereof (the “Term”). The Executive’s employment with the Company shall be “at will” meaning that the Executive’s employment may be terminated by the Company or the Executive at any time for any or no reason, subject to the terms of this Agreement.

2.2Term. The term of this Agreement shall commence on the Effective Date and shall continue until the date of Executive’s termination of employment hereunder.

Term. The employment of Executive hereunder shall commence on the date hereof and end on August 31, 2023, provided, that Executive shall have the right in his sole discretion to extend the term for an additional 12 months ending on August 31, 2024, by notifying the Company in writing of such no later than June 1, 2023, subject in all respects to earlier termination upon the terms and conditions provided elsewhere herein. The term during which Executive is employed hereunder shall be referred to herein as the “Term”. As used herein, “Termination Date” means the last day of the Term.

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