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.
That is exactly what Project EverGreen has accomplished in less than two years.
Return To Evergreen is a fantasy novel meant for young adults but appealing to readers and fantasy fans of all ages, following the adventures of a young boy, his close friend, and the bond he shares with a tree come to life.
Windows XP allows users to manage and enjoy their multi-media, entertainment and Internet activities in more powerful ways than before, if they have the system platform to adequately support the new features," said Mike Magee, president and CEO of Evergreen Technologies.
At the symposium, Chief Financial Officer Michael El-Hillow will discuss Evergreen Solar's business strategy and review the Company's recent accomplishments and financial results.
At the conference, Chief Financial Officer Michael El-Hillow will discuss Evergreen Solar's business strategy and review the Company's recent accomplishments and financial results.
Evergreen Solar, Q-Cells and REC Become Equal Partners in EverQ
State Street Adds US-Based Investment Manager to Its Global Roster of Outsourcing Customers and Expands Four Decade Long Relationship with Evergreen to Include Full Service Outsourcing Support
Evergreen Solar's Sales Momentum Continues; Generating More than $700 Million in Recent Contract Awards
BOSTON -- Evergreen Investments announced today Scott E.
EverQ GmbH is a partnership of three global leaders in the solar power industry: Evergreen Solar, Inc.
In conjunction with the execution of the supply agreement, which is expected to become effective early in the fourth quarter following regulatory approval, Evergreen Solar, Q-Cells AG of Germany (FSE: QCE) (Q-Cells) and Renewable Energy Corporation of Norway (OSEAX: REC.