Initial Fixed Term definition
Examples of Initial Fixed Term in a sentence
Any continuance of your appointment after the Initial Fixed Term will be subject to re-election by the directors of the Company on an annual basis.
For Services provided on a fixed-term basis, the Service Term will automatically convert to Month-to-Month Services upon completion of the Initial Fixed Term unless ISP receives a duly executed notice of cancellation in accordance with all terms set forth in paragraph 5 (b) below not less than 60 days prior to the expiration of the then-current Service Term.
You may end the contract between us by giving us no less than 30 days' written notice ending on or after the end of the Initial Fixed Term and expiring at the end of a calendar month.
The parties hereto agree that upon substantial completion of all Improvements to the Leased Property, Landlord and Tenant agree at such time to execute an Addendum, setting forth Initial Fixed Term Commencement Date and the Annual Fixed Rent under subparagraph (ii) of the defined term thereof.
During the Initial Fixed Term the Executive may not terminate this Agreement without Good Reason.
During the Initial Fixed Term, the Executive may terminate his employment under this Agreement at any time for Good Reason, upon written notice by the Executive to Coda Octopus.
Such early entry will be at Tenant’s sole risk and subject to all the terms and provisions of this Lease as though the Initial Fixed Term Commencement Date or the Phase II Completion Date had occurred, except for the payment of Rent, which will commence on the Initial Fixed Term Commencement Date and the Phase II Completion Date, respectively, and except that Tenant shall be responsible for all utility services required in connection with Tenant’s early entry rights.
After the expiry of the Initial Fixed Term and subject to the continuation of this Employment Agreement, the Executive may at any time without Good Reason, upon giving Coda Octopus 90 days’ written notice, terminate his employment with the Company.
At the end of the Initial Fixed Term, the Agreement shall automatically terminate, unless the parties agree in writing to extend the Agreement by entering a Renewal Agreement in accordance with Clause 2.2.
If the Customer terminates the Agreement after the Initial Fixed Term or causes the Agreement to be terminated, the Customer shall be obliged to purchase the dispensers from the Supplier as per Clauses 3(a)(ii) and on agreed terms of 30 days payment.