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This excerpt taken from the EYE 8-K filed Jul 3, 2007. TERM 2.01 Initial Term. The initial term of this Agreement shall begin on July 1, 2007 (the “Effective Date”) and continue until 12:00 A.M. (Pacific Time) on November 30, 2012 (the “Initial Agreement Expiration Date”), or such earlier date upon which this Agreement may be terminated in accordance with its terms (the “Initial Term”). The Initial Term includes the Transition Phase, as such is set forth in Article IV. Unless this Agreement is renewed in accordance with Section 2.02, this Agreement shall terminate at the end of the Initial Agreement Expiration Date or at the end of the then-current Renewal Term, as may be applicable.
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2.02 Renewal and Extension of Agreement AMO may in its sole discretion, renew this Agreement for up to one (1) year (“Renewal Term”) by giving IBM not less than one hundred twenty (120) days notice in writing prior to the expiration of the Initial Term. |
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