Evergreen


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Evergreen

A contract that rolls over after each agreed (short-term) period until cancelled by one party.

Evergreen

Describing a long-term contract that is renewed automatically after a short-term period unless it is terminated. For example, an evergreen contract may last five years with an option to terminate at the end of one year. Unless one party or the other terminates the contract by the end of the first year, it is renewed for an additional five years after the end of the first five years.
References in periodicals archive ?
The case against Wong centers on charges that he got $100,000 from Evergreen Shipping while serving on the Airport Commission and voting on a contract for a subsidiary of the Taiwanese firm.
Project EverGreen is a national non-profit organization whose very existence is to raise awareness among consumers by promoting the environmental, economic and lifestyle benefits of green spaces.
We are glad Evergreen Technologies is helping our customers bring their older PCs the power to truly enjoy their new Windows XP experience.
Accenti is committed to locating distributors throughout Europe for Evergreen International Technology products.
Evergreen Solar[R] is a registered trademark and String Ribbon[TM] is a trademark of Evergreen Solar, Inc.
The joint agreement will provide Evergreen access to SAIC's database of high technology customers in industries such as; U.
Evergreen currently has access to a working capital facility provided by Congress Financial Corp.
THALHEIM, SAXONY-ANHALT, Germany & HOVIK, Norway -- Evergreen Solar, Inc.
It would enable Evergreen shareholders to exchange their shares for KeyCorp common stock, an investment that provided total returns to shareholders of 892 percent in the ten-year period ended December 31, 1992.
BOSTON -- State Street Corporation (NYSE: STT), the world's leading provider of financial services to institutional investors, announced today that it has been appointed by Evergreen Investments (Evergreen) to provide investment manager operations outsourcing services for more than 2,500 portfolios representing approximately $150 billion in assets, as of September 30, 2006.
Evergreen Solar's Sales Momentum Continues; Generating More than $700 Million in Recent Contract Awards
BOSTON -- Evergreen Investments announced today Scott E.