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

Term. The maximum term of each stock option granted to a Non-Employee Director hereunder shall be ten (10) years from the date the option is granted.

Term. The term of this Agreement (the “Term”) will commence on the Effective Date and, unless earlier terminated in accordance with this Article 8, will continue until all Royalty Terms for all Licensed Products have expired in all countries of the Territory.

Term. This Agreement will expire on the later of # five (5) years from the Effective Date or # the completion of all Services under the last Work Order executed by the Parties prior to the fifth anniversary of the Effective Date. The Agreement may be extended by mutual agreement of the Parties in accordance with Section 22.5 or earlier terminated in accordance with Sections 13.2. or 13.3.

Term. For the avoidance of doubt, the Term of the Lease applicable to the Expansion Space will expire at 11:59 p.m. CT on April 30, 2028, subject to [[Organization B:Organization]]'s renewal option as set forth in Article 3 of the Lease.

Term. Subject to the provisions of this Section 7, the term of this Agreement shall continue from the date of this Agreement until the end of the Agency Period, unless earlier terminated by the parties to this Agreement pursuant to this Section 7.

The term of each Free Standing Right shall be fixed by the Administrator, but no Free Standing Right shall be exercisable more than ten (10) years after the date such right is granted.

Term. The term of this Agreement shall commence on the Effective Date and shall continue for a period of two (2) years following the Effective Date and shall be automatically renewed for successive one (1) year periods thereafter unless either party provides the other party with written notice of his or its intention not to renew this Agreement at least three (3) months prior to the expiration of the initial term or any renewal term of this Agreement. “Employment Period” shall mean the initial two (2) year term plus one (1) year renewals, if any.

Term. The renewal term of this Agreement shall be the period beginning on the Effective Date and ending on December 31, 2021 unless terminated earlier pursuant to the terms of this Section 2 (the “Renewal Term”). This Agreement may be renewed for additional terms in such duration as the parties may mutually agree (each a “Renewal Term”). Absent mutually agreed renewal, this Agreement shall automatically terminate upon the expiration of the Renewal Term. The Renewal Term is referred to collectively herein as the “Term.” Upon expiration or termination of the Term under circumstances not involving Cause, death or Disability, Executive shall remain as an independent member of the Board.

Term. This Agreement shall come into effect on the Effective Date. Unless otherwise terminated as provided in Section 9.2, this Agreement shall remain in force for a period of one year from the Effective Date (for the purpose of this Section 9 the "Initial Term"). This Agreement shall renew automatically in one (1) year increments after the Initial Term, with a revised list of Products based on the [[Organization A:Organization]]’s future novel cannabinoid extracts (each, a "Renewal Term" and, collectively with the Initial Term, the "Term"), for three (3) years, unless either party gives written notice to the other of its intention to not renew at least sixty (60) days prior to expiration of the Initial Term or the then applicable Renewal Term.

Term. This Agreement shall commence on the Effective Date and shall end on the fifth (5th) anniversary of the Effective Date and shall automatically renew for one additional two (2) year period unless either Party provide written notice of non-renewal at least two (2) years prior to the fifth anniversary of the Effective Date or the Agreement is terminated earlier as provided herein (the “Term”). Notwithstanding the foregoing, each Project Plan may have separate term and termination provisions so long as the term of any Project Plan does not extend beyond the Term.

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