The "Term and Termination" clause outlines the duration of the contract and the conditions under which either party can terminate the agreement. It specifies the start and end dates of the contract, renewal options, and the process for termination, including any required notice period and potential consequences or obligations upon termination.
Term and Termination. The Agreement will become effective as to a Fund upon execution, and unless sooner terminated as provided herein, will continue in effect for two (2) years from the effective date of the initial Investment Sub-Sub-Advisory Agreement with regard to all Fund(s) covered by this Agreement. Thereafter, if not terminated as to a Fund, this Agreement will continue from year to year through September 30th of each successive year following the initial two year period, for each Fund covered by this Agreement, provided that such continuation is specifically approved at least annually by the Trust’s Board of Trustees or by vote of a majority of the outstanding voting securities of each Fund, and in either event approved also by a majority of the Trustees of the Trust who are not interested persons of the Trust, or of JNL (“Independent Trustees”), GSAM and GSAMI.
TERM AND TERMINATION. This Agreement shall become effective with respect to the Fund as of the date first above written and shall continue indefinitely unless terminated by mutual consent of the parties hereto.
Term and Termination. This Agreement shall be effective as of the Effective Date and shall continue in effect through May 1, 2025 (the “Initial Term”), and unless sooner terminated as provided herein, shall continue year-to-year thereafter, provided each continuance is specifically approved at least annually by the majority of the trustees of the Trust who (i) are not “interested persons” of the Trust or any party to this Agreement, as defined in the 1940 Act, and (ii) have no direct or indirect financial interest in the operation of this Agreement. The Adviser may terminate this Agreement at any time following the end of the Initial Term upon sixty (60) days’ prior written notice. This Agreement shall automatically terminate upon any termination of the Advisory Agreement with respect to the Fund, with such termination effective as of the effective date of the Advisory Agreement’s termination with respect to the Fund. Notwithstanding the foregoing, any obligation of the Trust to reimburse the Adviser for all or any portion of the Reimbursement Amount shall survive the termination of this Agreement unless the Trust and Adviser agree otherwise.”
Term and Termination. The term of this Agreement will commence on the Effective Date and remain in effect until terminated as set forth herein (the “Term”). In the event of a material breach of the terms of an SOW under this Agreement, such SOW may be terminated upon fifteen (15) days’ written notice from the non-breaching party to the breaching party. In the event of a material breach of the terms of this Agreement, this Agreement may be terminated upon fifteen (15) days’ written notice from the non-breaching party to the breaching party and all SOWs under this Agreement shall concurrently terminate effective as of the date of termination of this Agreement. Either party may terminate for convenience this Agreement or any SOW at any time with thirty (30) days’ prior written notice to the other party, provided that this Agreement may not be terminated prior to the termination of all SOWs with remaining performance obligations.
Term and Termination. (h) In Walmart’s sole and absolute discretion, Walmart may require that MoneyGram discontinue and terminate the Co-Branded Site, including taking any and all actions necessary to remove any internet accessibility to the Co-Branded site, by providing at least thirty (30) days written notice prior to such termination date.
Term and Termination. The term of this Agreement (the “Term”) shall remain in effect, unless it is terminated prior to expiration subsequent to the following circumstances: (a) By the Consultant, after giving the Group not less than one (1) month’s notice in writing; or (b) By the Group, after giving the Consultant one (1) month’s notice in writing; or (c) By the Group without notice or compensation in the event of any dishonesty, fraud, gross negligence, willful default or refusal to carry out any lawful order or instructions, or the repeated breach of any rules or regulations of the Group, or those as governed by the laws of your residency or incorporation by the Consultant or its representative(s). Renewal of this Agreement shall be subject to the mutual agreement between the Group and the Consultant as defined in writing.
Term and Termination. Term and Termination. This Agreement shall commence on the date hereof and continue for 12 months until May 4, 2024.
Term and Termination. Subsection (A) Term of Section 10 TERM AND TERMINATION of the Agreement is deleted in its entirety and replaced with the following: (A) Term. This Agreement shall continue in effect until September 27, 2023 (the “Initial Term”). Upon the expiry of the Initial Term, unless otherwise terminated pursuant to section 10(B), this Agreement shall be renewed automatically for one two-year period and thereafter, for successive one-year periods (“Rollover Periods”).
Term and Termination. This Agreement shall remain in effect for a period of two years (“Initial Term”) and thereafter, shall be automatically renewed for successive one year terms (each an “Extension Term”) unless, either party prior to the end of the Initial Term or any Extension Term terminates this Agreement by delivering a written termination notice 60 days in advance of the proposed termination date. If the Company delivers the termination notice, the Agreement will terminate on the termination date, and the Company shall, pay the monthly management service fees and expenses accrued hereunder and for all remaining months of the then applicable term in which such termination occurred in a single lump-sum payment, payable in full prior to the termination date. If Alwaysraise delivers the termination notice, the Agreement will terminate on the termination date, and the Company shall pay monthly management service fees and expenses which have accrued prior to the termination date in a single lump-sum payment, payable in full prior to the termination date. Notwithstanding the termination of this Agreement, Sections 12, 14 and 18 shall survive such termination. Notwithstanding anything to the contrary in this Section 10, or elsewhere, in this Agreement the Company shall have the right, upon 30 days prior written notification to Alwaysraise, to terminate this Agreement without liability at any time during the Initial Term or any Extension Term for Cause (as defined in that certain writing entitled “2016 Equity Incentive Plan” dated and passed by Board resolution on November 30, 2016), or failure of Alwaysraise to comply with the terms or conditions of this Agreement.
Term and Termination 8.1 Term.The term of this Agreement shall become effective on the date of signature by both Parties ("Effective Date") and shall automatically end on the fourth anniversary of the Effective Date ("Expiration Date"), unless prolonged by mutual written consent of the Parties. Notwithstanding the foregoing, this Agreement shall immediately terminate with no further payments required hereunder (except for payment in full for the current calendar quarter) on the death or disability of Didier Sourisseau. 8.2 Termination Either Party may terminate this Agreement at any time by giving written notice [MMQ2] of termination to the other Party observing a notice period of 3 months. In the event of termination by notice before the Expiration Date, the following shall apply: –If (a) the Consultant gives notice of termination without good cause or (b) the Company gives notice of termination with good cause attributable to the Consultant, the pro-rated annual fee for the then-current calendar year shall be payable until the date when this Agreement ends; –If (a) the Consultant gives notice of termination with good cause attributable to the Company or (b) the Company gives notice of termination without good cause, the annual fee which would have been payable until the Expiration Date shall be paid to the Consultant in a lump sum on the date when this Agreement ends. Good cause means any material breach of this Agreement by the other Party, which is not cured within a period of thirty days.
Term and Termination clauses are provisions in a contract that specify the duration of the agreement and the conditions under which it can be terminated. The “term” refers to the period during which the contract is in effect, while “termination” covers the scenarios and procedures for ending the agreement.
Term and Termination clauses should be included in virtually all contracts to provide clarity on the duration of the agreement and the conditions for its conclusion. These clauses are particularly important in:
Writing a Term and Termination clause requires clear language that covers both the duration of the contract and the processes for its termination. Here’s a general structure you could follow:
Define the Term:
Outline Termination Rights:
Consider Specific Scenarios:
Term. This Agreement shall commence on [Start Date] and continue in effect until [End Date], unless earlier terminated as provided herein.
Termination. Either party may terminate this Agreement with a written notice of [Number of Days] days under the following conditions: [List Conditions]. Upon termination, the Client shall pay any outstanding fees, and the Service Provider shall deliver any completed work product up to the date of termination.
Term and Termination clauses are found in a wide variety of contracts, each tailored to the specific needs and nature of the agreement. Common contracts include:
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Dive deeper into the world of clauses and learn more about these other clauses that are used in real contracts.
The "Term of Agreement" clause specifies the duration for which the contract will remain in effect, outlining the start and end dates or conditions under which the agreement will be active. It may also include provisions for renewal, extension, or termination of the contract, detailing the process and notice requirements for altering the contract term.
The "Term of Contract" clause specifies the duration over which the contract will remain in effect, including the start and end dates. It may also outline conditions for renewal or extension, as well as procedures for termination before the contract's original expiration.
A "termination at will" clause allows either party to end the contract at any time without cause, typically provided a specified notice period is given. This clause offers flexibility but can also introduce uncertainty into the contractual relationship.
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