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.
3. Term of Agreement. Executive will provide Consulting Services effective upon termination of Executive's employment with the Company and continuing for a period through December 31, 2024 or two (2) years from the termination of employment, whichever is later ("Term of Agreement").
SECTION 9. Term of Agreement; Resignation and Removal of Administrator. (a) This Agreement shall continue in force until termination of the Base Indenture and the Related Documents, in each case to the extent related to the Indenture Collateral or the Note Obligations and the Series Related Documents with respect to each Series of Notes, in the case of any of the foregoing, in accordance with their respective terms and the payment in full of all obligations owing thereunder, upon which event this Agreement shall automatically terminate.
6.1 This Agreement will be in effect from the Effective Date and continue for one year (“Term of Agreement”) unless terminated earlier pursuant to the provisions of this Article. The Term of Agreement may be extended by mutual agreement of the Parties for an additional period that is reasonably necessary to complete the manufacture of quantities of MIRA1a™ needed for preclinical or clinical studies.
2. Term of Agreement. a.The period of Executive’s employment under this Agreement is referred to herein as the “Term of Agreement.” Subject to the provisions for earlier termination of employment in Section 6 below, this Agreement will have an initial term of twelve (12) months commencing on the Effective Date. On the 1st anniversary of the Effective Date, and on each anniversary of the Effective Date thereafter, this Agreement will automatically renew for an additional twelve-month term unless Heska provides Executive with notice of non-renewal at least one hundred twenty (120) days prior to the date of automatic renewal (“Non-Renewal Termination”); provided, however, that either Heska or Executive may terminate Executive’s employment pursuant to the provisions in Section 6 below. b.Executive may be entitled to severance benefits pursuant to Section 6 below, depending upon the circumstances of Executive’s termination of employment. Upon the termination of Executive’s employment for any reason, Executive will be entitled to payment of any accrued but unpaid Base Salary (as defined below), all expense reimbursements, and other benefits due to Executive through Executive’s termination date under any Heska-provided or paid plans, policies, and arrangements. Executive agrees to resign from all positions that Executive holds with Heska and its subsidiaries, without limitation, immediately following the termination of Executive’s employment if the Board of Directors so requests.
4. Term of Agreement 4.1. This Agreement is made for an unlimited period of time, commencing on June 13, 2022 and shall expire in accordance with the provisions set forth hereunder (hereinafter: the “Term of Agreement”). 4.2. Each of the parties to this Agreement shall be entitled to terminate this Agreement at any time and for any reason, by delivery of a 30 days’ prior notice to the other party (hereinafter respectively: the “Advance Notice” and the “Advance Notice Period”). 4.3. If a party delivered Advance Notice to the other party as said, the Term of Agreement shall expire on the expiration date of the Advance Notice Period and none of the parties shall be obligated to pay any compensation or payment to the other party as a result of the termination of the Agreement.
Executive Employment Agreement This employment agreement defines the compensation, term of agreement, and others for Steve Shin (hereinafter “executive”), for carrying out the responsibility delegated by Amkor Technology Korea, Inc. (hereinafter, “company”) 1.Term of Agreement : January 1, 2023 ~ Dec 31, 2023 (1 Year) -Employment will be duly terminated upon the expiration of term of agreement
Term of Agreement: The term of this Agreement shall commence upon the Effective Date and expire on May 31, 2024.
4. Term of Agreement. This Agreement shall become effective as of the Effective Date of this Agreement and continue until terminated by either of the parties hereto.
The term of this Agreement, as a whole, will commence on the Effective Date and will continue, unless earlier terminated as provided herein, until the later of the expiration of the last Covered Aircraft Term and the expiration of any applicable Wind-Down Period (the “Term of Agreement”).
13 Term of Agreement; Amendment This Agreement shall become effective as of February 1, 2022 and will continue in effect for a period of three (3) years. Following the initial term, this Agreement shall automatically renew for successive one (1) year terms unless either party provides written notice at least 90 days prior to the end of the then current term that it will not be renewing the Agreement. Notwithstanding the foregoing, this Agreement may be terminated by any party upon the breach of the other party of any material term of this Agreement if such breach is not cured within 15 days of notice of such breach to the breaching party. This Agreement may not be amended or modified in any manner except by written agreement executed by Fund Services and the Trust, and authorized or approved by the Board of Trustees.
9. Effectiveness and Term of Agreement 9.1 Effectiveness: this Agreement shall take effect immediately after being signed by Party A and Party B. 9.2 Term: the term of this Agreement shall be ten years, during which Party B may not cancel this Agreement. 9.3 Renewal: this Agreement shall be automatically renewed for additional one-year period upon the expiry hereof, unless Party A gives a thirty (30) days’ prior notice to Party B on its intention not to renew this Agreement.
A “Term of Agreement” refers to the duration or period for which the obligations and duties outlined in a contract or agreement are to be carried out. It specifies the start and end dates of the agreement, providing clarity on how long the parties are legally bound by the terms of the contract.
You should use a Term of Agreement whenever you are drafting or entering into a contract. Defining a clear term ensures that all parties involved have a mutual understanding of how long the contract is valid and what time frame is available to fulfill the agreed-upon responsibilities. It is particularly important in contracts that involve ongoing obligations, such as service agreements, leases, and employment contracts.
To write a Term of Agreement, you need to clearly define the commencement date and the expiration date or conditions for termination. Use precise language to avoid ambiguity. A common format for this section includes:
“This Agreement shall commence on [Start Date] and continue until [End Date], unless terminated earlier in accordance with the terms outlined herein.”
You should also consider specifying any renewal terms or conditions under which the agreement may be extended or terminated early.
Several types of contracts typically contain a Term of Agreement. These include but are not limited to:
Defining the Term of Agreement is crucial in these contracts to ensure all parties have a clear understanding of the contract’s validity period.
Try our AI contract analysis and extract important clauses and information from existing contracts.
< <
Dive deeper into the world of clauses and learn more about these other clauses that are used in real contracts.
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.
The "Termination by either party" clause allows either party involved in the contract to end the agreement under specific conditions outlined within the clause. This provision details the process for termination, any required notice period, and potential penalties or consequences that may arise from the early termination of the contract.
Fill out the form and we will get in touch with you to give you a personal, customized demo of fynk.
Greetings!
I'm Markus, co-founder of fynk. After you've submitted the form, I'll swiftly get in touch with you.
Also, right after you submit your details, you can pick a time that works best for you for our meeting.
