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 ?
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.

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