Example ContractsClausesTerm of Option
Term of Option
Term of Option contract clause examples

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 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. The purchase right represented by this Warrant is exercisable, in whole or in part, at any time and from time to time from the Date of Grant through the tenth anniversary of the Date of Grant.

Term. The term of each SAR shall be fixed by the Committee, but no SAR shall be exercisable more than ten (10) years after the date the SAR is granted.

Term. The term of this Agreement (the “Term”) shall commence as of the Effective Date hereof and shall continue in effect for a period of two (2) years, unless otherwise terminated earlier pursuant to Paragraph 4 hereof.

Term. Subject to the provisions of Section 2.6 above, this Warrant is exercisable in whole or in part at any time and from time to time on or before 5:00 PM, Eastern time, on the Expiration Date and shall be void thereafter.

Term. This Agreement will commence on the Effective Date and terminate on the third anniversary of the Effective Date, unless earlier terminated in accordance with this Agreement (the “Employment Term”). However, the terms of Executive’s compensation shall be reviewed annually by the Compensation Committee in accordance with the Charter of that Committee. The terms of Executive’s compensation set forth herein shall be applicable only during the initial year of the Employment Term and any carryover period until replaced by agreement of Executive and the Company’s Compensation Committee.

Term. This Agreement shall apply to disclosures of Confidential Information made on or before the signing of this Agreement (including, for the avoidance of doubt, disclosures of Confidential Information made before the date of this Agreement). This Agreement shall remain in effect during Employee’s employment term and shall survive two years from the date Employee ceases to be an employee of the Company.

Term. Executive’s employment under this Agreement shall commence as of February 8, 2017 (the “Effective Date”) and shall continue until a permanent CEO is in place for the Company and its subsidiaries (the period between the Effective Date and the termination of this Agreement referred to herein as the “Employment Term”). At the end of the Employment Term, no further compensation shall be paid under this Agreement, except for accrued and unpaid compensation and benefits under Section 2 of this Agreement.

Term. This Agreement shall be for a term of one (1) year (the “Initial Term”). The Initial Term shall be automatically renewed for successive one (1) year period (the “Renewal Term” and together with the Initial Term, the “Term”). Either party may terminate this Agreement at any time by giving one (1) month notice to the other party.

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