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TIE » Topics » Term; Renewal

These excerpts taken from the TIE 10-K filed Feb 29, 2008.
Term; Renewal.  The initial term of this Agreement shall commence as of the Effective Date and end on December 31, 2008, but shall be automatically renewed on a quarter-to-quarter basis after the expiration of the initial term.  Either party may terminate this Agreement by giving written notice of termination to the other party not less than thirty (30) days in advance of the first day of each successive quarter.  In addition, in the event of a material default hereunder by a party, the non-defaulting party may terminate this Agreement upon thirty (30) days prior written notice if such default remains uncured and is continuing for twenty (20) days after receipt by the defaulting party of such written notice of intent to terminate.  A final accounting and payment by one party to the other of all amounts payable hereunder shall be made pursuant to the terms hereof within thirty (30) days following such termination.

Section 
Term;
Renewal.  The initial term
of this Agreement shall commence as of the Effective Date and end on
December 31, 2008, but shall be automatically renewed on a
quarter-to-quarter basis after the expiration of the initial
term.  Either party may terminate this Agreement by giving written
notice of termination to the other party not less than thirty (30) days in
advance of the first day of each successive quarter.  In addition, in
the event of a material default hereunder by a party, the non-defaulting party
may terminate this Agreement upon thirty (30) days prior written notice if such
default remains uncured and is continuing for twenty (20) days after receipt by
the defaulting party of such written notice of intent to terminate.  A
final accounting and payment by one party to the other of all amounts payable
hereunder shall be made pursuant to the terms hereof within thirty (30) days
following such termination.



Section 

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 29, 2008

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