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Term of Option
Term of Option contract clause examples
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Term. The Company hereby continues to employ Executive for a term (as the same may be extended, the “Term”) commencing as of May 21, 2018 and continuing until May 21, 2021, unless terminated earlier in accordance with the provisions of Section 7. On May 21, 2021, the Term shall automatically be extended for successive one-year periods in accordance with the terms of this Agreement (subject to termination as aforesaid) unless either party notifies the other party of non-renewal in writing, in accordance with [Section 12, 90] days prior to the expiration of the initial period or any subsequent renewal period.

Term. This Agreement shall take effect on the completion of the Closing as set forth in the Strategic Alliance Agreement (the “Effective Date”) and continue to be effective for twenty (20) years commencing from the Effective Date (the “Term”). Unless it has been terminated earlier by the Parties’ mutual agreement or in accordance with this Agreement, the Agreement shall be automatically renewed for ten (10) years upon its expiration.

Term. The term of this Agreement shall commence on the effective date set forth above and continue and remain in effect until December 31, 2020 or until this Agreement is terminated as provided for in Section 9, “Termination”.

TERM. The term of this Rider shall commence on the Rider effective date set forth above and continue and remain in effect through ​ from the Rider effective date.

Term. This Agreement shall begin on the Effective Date continue for a three-year period or until terminated by either Party pursuant to Article 3 (the "Term").

Term. Executive’s employment pursuant to this Agreement shall be at will; either party may terminate this Agreement with or without cause upon one weeks’ prior notice. Executive’s employment pursuant to this Agreement shall begin on January 17, 2019 (the “Effective Date”).

Term. The “Termof this Agreement will commence on the date written on its first page and will end on January 31, 2027.

Term. Begins 10/01/2020 and ends 9/30/2023, unless terminated earlier pursuant to the terms hereof. If the Tenant vacates the Premises before the end of Lease term without the Landlord’s written consent, the Tenant will be liable for the remainder of the payments due under the Lease.

Term. Subject to the severance provisions of Section 5 below, Executive’s employment with the Company shall initially be for a term of two years ending July 31, 2020 (“Termination Date”) and shall thereafter automatically renew for one-year terms unless either party terminates the Agreement with 90 days prior written notice of termination before the end of the then current term.

Term. If the Board of Directors selects a Committee, the members of the Committee shall serve on the Committee for the period of time determined by the Board of Directors and shall be subject to removal by the Board of Directors at any time. The Board of Directors may terminate the function of the Committee at any time and resume all powers and authority previously delegated to the Committee.

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