The Term of the Agreement Clause Samples
The "Term of the Agreement" clause defines the duration for which the contract remains in effect between the parties. It typically specifies a start date and an end date, or outlines conditions under which the agreement will automatically renew or terminate. For example, the clause may state that the agreement is valid for one year from the effective date, with options for renewal upon mutual consent. This clause is essential for establishing clear expectations regarding the timeline of the parties' obligations and helps prevent disputes about when contractual duties begin and end.
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The Term of the Agreement. 6.1. This agreement shall be effective as of the Commencement Date of Providing Services and shall remain in force for an unlimited period.
6.2. Each party may terminate this agreement by furnishing a written notice to the other party, subject to a 90 days prior written notice.
The Term of the Agreement. 6.1. The terms and conditions of this Agreement shall apply as of [month], [day], 2003 (the "EFFECTIVE DAY").
6.2. The termination of this Agreement as stated in Sections 6.1, 6.3 and 6.4 is without any remedy, indemnification, compensation or reward. This Section shall not prevent any of the Parties from seeking any remedy from the other party due to a breach of this Agreement.
6.3. Notwithstanding anything herein, Tefron shall be entitled to terminate this Agreement by a written notice of at least 30 days in advance, in any and/or all of the following cases ("For Cause"):
6.3.1. A fundamental breach by the Management Company and/or Mr. Shiran of this Agreement;
6.3.2. ▇ ▇▇▇▇▇▇ ▇▇ ▇▇. ▇▇▇▇▇▇ ▇▇ ▇▇s fiduciary or trust duties towar▇▇ ▇▇▇▇▇▇.
6.3.3. The conviction of the Management Company and/or Mr. Shiran in respect of an offense involving ign▇▇▇▇▇ ▇▇▇/or a felony which effects the management's capability.
6.3.4. Ownership by the Management Company and/or Mr. Shiran of an interest in a business in direct ▇▇▇▇▇▇▇▇▇on with Tefron.
6.4. Notwithstanding anything herein, this Agreement shall be terminated upon Tefron's or the Management Company's 90 days prior written notice. Each of the Parties (Tefron or the Management Company) may give such notice upon its sole discretion. Notwithstanding the above, if Tefron terminates this Agreement according to this sub-section, the Management Company will be entitled to an additional 180 days notice (a total of 270 days notice). The Management Company will be entitled to the Consideration during the said notice period.
6.5. Tefron is entitled at its own exclusive discretion to pay the Consideration for part or the entire notice period as determined in this Article 6 above, and accordingly to end the provision of the Management Services earlier than at the end of the relevant notice period.
6.6. In the event the Agreement is terminated for any reason whatsoever, the Management Company and Mr. Shiran shall transfer his position to his replacement ▇▇ ▇▇ ▇▇▇erly manner and will return to Tefron all documents, copies or recorded information in any form or material which came to its possession in connection with the Management Services.
The Term of the Agreement. 2.1 The Company undertakes to engage the Employee in the Company as of 1st September 2005 for an unlimited term.
2.2 Each party may bring the contractual relationship pursuant hereto to an end on 90 days’ written notice (hereinafter referred to as “notice”). Subject to the provisions of clause 2.3 below, the Employee shall be entitled, during the notice period, to all the terms under the agreement.
2.3 Once notice has been given as aforesaid by one of the parties, this agreement shall terminate at the end of the period of time specified in sub-clause 2.2 above, the employment relationship between the parties shall be severed on the date specified in the notice and the following provisions shall apply:
2.3.1 the Employee shall work during the notice period and shall continue to perform all his obligations to the Company, unless the Company instructs him otherwise. If the Employee gives notice of his resignation from the Company, the Company may waive its right to notice and/or shorten the notice period, and in such case the Employee shall be entitled to the terms pursuant to the agreement until the date of his employment’s actual termination;
2.3.2 the Employee shall hand over the position in an orderly manner to whomever the Company directs;
2.3.3 the Employee shall give the Company all the documents, equipment, information and any other material coming into his possession or prepared by him in connection with his work until the employment’s termination.
2.4 If the Company terminates the Employee’s engagement as aforesaid after at least one year, the Employee shall be entitled to severance pay pursuant to the Severance Pay Law, 5723-1963, save in the cases detailed below, in which the Employee shall not be entitled to severance pay, and in which the Employee shall also not be entitled to notice in accordance with clause 2.2 above:
2.4.1 if the Employee commits a breach of this agreement and does not rectify the breach within one week of receiving written warning to do so;
2.4.2 if the Employee breaches this agreement after he has already received warning of a similar breach;
2.4.3 if the Employee is duly convicted in a final judgment of an offence involving disgrace;
2.4.4 if the Employee breaches his fiduciary duty to the Company;
2.4.5 if the Employee abuses his office;
2.4.6 if the Employee commits a grave breach of discipline;
2.4.7 if the Employee leaves his place of work for a period of more than seven days without obtaining the Company’s consent.
The Term of the Agreement. 4.1 Subject to the terms of this Agreement, the term of the Agreement (the "Term") shall be the duration of the Trial as defined in the Trial Protocol, which shall commence on
4.2 Notwithstanding the aforesaid in sub-section 4.1 above, the Parties may bring this Agreement to an early end at any time, in writing, upon the occurrence of one (or more) of the following events: -
4.2.1 by a written notice to the other Parties thirty (30) days in advance.
4.2.2 if the Ministry of Health has voided, directly or indirectly, its approval of the Trial or has conditioned its approval on conditions, as to which the Fund has notified the Company that it does not intend and/or is unable to comply with these conditions in whole or in part. In such case the Agreement shall be terminated not later than ten (10) days after such notice shall have been received by the Company.
4.2.3 A Party breaches this Agreement and does not cure such breach within thirty (30) days after having received a notice in writing from the other Party demanding a cure of the breach in reasonable detail so that the breaching Party is on notice of the nature of the breach, provided, however, that the Fund may not terminate this Agreement pursuant to a breach and/or breaches thereof, committed by the Principal Investigator.
4.2.4 A Party initiates bankruptcy or liquidation proceedings or a receiver is appointed over a substantial part or all of its assets, and such proceedings are not ceased within a period of ninety (90) days from the time that they have commenced.
4.2.5 An adverse effect occurs to the Participants in the Trial, which, in the absolute discretion of the Fund and/or the Principal Investigator and/or the IRB, jeopardizes the safety of the Participants in the Trial and/or the Trial Personnel, and prior notice thereof is given immediately to the Company by any member of the Trial Personnel and the Principal Investigator within a reasonable time from the discovery of such adverse effect. In such case the Agreement shall be terminated immediately after such notice shall be sent. For the removal of any doubt, it is agreed that the Principal Investigator may not terminate this Agreement under this section.
4.3 For the avoidance of any doubt, the termination of this Agreement, for any reason, other than a material breach of this Agreement by the Fund and/or the Principal Investigator, shall not prejudice the Company's undertaking to pay the Fund for all services and expenditures of the Fund an...
The Term of the Agreement. 16.1 This agreement is valid for one year from its execution.
The Term of the Agreement. The effective date of this Agreement is January 1, 1997 ("THE EFFECTIVE DATE") and unless terminated at an earlier date by OMRIX, in accordance with the provisions of Section 5 below, it will remain in force for a period of 18 years, i.e. until December 31,2014 (hereinafter: "THE TERM")
The Term of the Agreement. 16.1 This agreement is valid for one year from its execution.
16.2 The agreement’s extension
(a) The agreement shall be automatically extended for an additional year on each occasion, unless if circumstances of sub-section (b) below have occurred, or if either party has given the other at least 60 days’ written notice of the agreement’s termination. If the Registrar has met and is still meeting the requirements, terms and conditions set for it in the framework of the proceedings leading to its accreditation by ISOC-IL and subject to compliance with all the financial requirements in clause 10, ISOC-IL shall not bring the agreement to an end (save on reasonable grounds).
(b) The automatic renewal of the agreement is conditioned upon the performance of at least 180 registration acts involving payment during the term of the agreement ("minimal registration quota"). Where the registrar failed to meet the minimal registration quota, ISOC-IL may decide, at its sole and absolute discretion, not to renew the agreement and to cancel registrar's accreditation. ISOC-IL will send the registrar an in-advance notice of an anticipated failure to meet the minimal registration quota and non-renewal of the agreement – no later than 30 days prior to expiry of the agreement. Where such message was sent, and the minimal registration quota was not met, the agreement shall terminate.
(c) Where the agreement is extended, all the provisions hereof shall also apply to the extended term.
(d) ISOC-IL may, as a condition for the agreement’s extension, demand information and documents from the Registrar in connection with its activity pursuant hereto which are needed by ISOC- IL, in its absolute discretion, to examine the Registrar’s compliance with the requirements, terms and conditions set for it by ISOC-IL prior to its accreditation as registrar.
The Term of the Agreement. 2.1. This Agreement shall enter into force upon signatuře and is valid for all the years of training of the PhD student.
2.2. I f it is impossible for valid reasons to carry out the duties under this Agreement the designated supervisor of
The Term of the Agreement. 12.1. This agreement shall come into force on the date of its signature by both contractual parties, it shall come into effect on the date of its publication in the register of contract and shall be in force for a period of five years commencing on the date this agreement is signed.
12.2. This agreement shall be automatically renewed for an additional period of five years: "the "Extended Term of the Agreement", unless one party shall give the other a written notice, at least 90 (ninety) days before the end of the First Term of the Agreement regarding its wish to not continue the agreement.
12.3. For the sake of avoiding doubt, the provisions of this agreement shall apply during the entire First Term of the Agreement and during the Extended Term of the Agreement, to the extent it was extended, respectively.
The Term of the Agreement. 1. This Agreement shall be effective starting the date of this agreement and up to one year after the last Registered Deal.