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

Term. This Agreement is effective as of the date of this Agreement. Your term as a Director shall continue subject to the provisions in [Section 9] below or until your successor is duly elected and qualified. The position shall be up for re-appointment every year by the board of the Directors of the Company (the 'Board') and upon re-appointment, the terMr and provisions of this Agreement shall remain in full force and effect.

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.

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. The term of this Agreement shall begin on the Effective Date and will continue in effect until December 31, 2024 (the “Term”).

Term. The term of this Agreement shall commence upon the date hereof (the “Commencement Date”), and shall continue until the earlier of:

Term. The Term of this Assignment Agreement shall initiate on the Effective Date recited above and shall continue until the date on which Roth ceases to be the record owner of the Interest, except that, if Roth ceases to be the record owner of the Interest in violation of his covenants herein, the rights of Golden Royal hereunder shall continue until said violation is remedied.

Term. The term of this Agreement shall start on the Effective Date and end on the three (3) year anniversary of the Effective Date, which will be automatically extended for additional one (1) year terms thereafter unless terminated by Flagship or the Executive by written notice to the other Party not later than ninety (90) days prior to the end of the initial term or any extension term, as applicable, subject in all events to early termination pursuant to Section 4 (as so extended or terminated, the “Term”). However, the provisions of Sections 5, 6 and 7 shall continue in force in accordance with the provisions therein and shall survive the expiration or termination of the Term and this Agreement.

The Company will continue to employ the Executive for a period of one (1) year after the date of this Agreement (the “Initial Term”). This Agreement will automatically renew each year after the Initial Term for one (1) additional year (each a “Renewal Period”); provided, however, that either party may elect not to renew this Agreement for any Renewal Period by providing ninety (90) days’ written notice of such election prior to the end of the Initial Term or any Renewal Period. If this Agreement is not renewed by the Executive, no Severance Package shall be paid. If this Agreement is not renewed by the Company, the Executive shall be entitled to the Severance Package. Notwithstanding this Section 2.1, the Executive’s employment under this Agreement may be earlier terminated pursuant to Article 4.

Term. The Term of employment hereunder will commence on February 1, 2021.

Term. The Executive’s employment under this Agreement shall commence on the Effective Date and unless sooner terminated as provided in Article 5 shall continue for a period of one year (the “Initial Term”). Except as otherwise provided herein, unless either party gives written notice to the other party at least 30 days before any anniversary of the Effective Date that the term hereunder shall not be extended beyond its then term (a “Nonrenewal Notice”), the term of the Agreement shall automatically be extended for an additional one year period from each anniversary, subject to the same terms, conditions and limitations as applicable to the Initial Term unless amended or terminated as provided herein (each such additional one year period a “Renewal Term”). For purposes of this Agreement, the Initial Term and all subsequent Renewal Terms shall be collectively referred to as the “Termof the Agreement.

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