Evergreen

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Evergreen

A contract that rolls over after each agreed (short-term) period until cancelled by one party.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
--Scenario C: Scenario A but different in terms of planting design, including 100% evergreen trees.
In an extra twist the evergreen tree has been ascribed magical power by the Germanic peoples as a representation of fertility.
I grabbed my bow and started to draw but my bow hit a limb and the buck stopped behind a small evergreen tree with his vitals just visible.
The version practiced in the United States today involves placement of a live evergreen tree and an American flag on an I-beam to celebrate completion of the infrastructure and bestow good luck upon the building and those who inhabit and utilize it.
For the memory tree, begin with a preserved tree or evergreen tree in a container.
The new law school campus, at the corner of Hughey Avenue and Washington Street, is scheduled to open in the fall of 2005, Participants in the "topping off" ceremony signed a special beam and workers placed the beam, the highest structural element of the building, into place and topped the building with a small evergreen tree. The ceremony symbolizes the end of exterior construction and acknowledges that construction has proceeded without any loss of life.
More than 200 tradesmen, representing one of the largest groups of building trades in Connecticut, were treated to a luncheon celebration at 901 Main Avenue, The Towers at Merritt River, as the final steel beam with an American flag and symbolic evergreen tree were hoisted into place atop the 360,000 square foot superstructure.
It's manufactured from the bark of a tall evergreen tree native to Africa, where it has traditionally been used to treat urinary problems.
An evergreen tree, decorated and fragrant, conjures up Christmas for many people.
The 4-ounce Evergreen Tree Box is a triangle-shaped box that features tree stars moons and doves and is in shades of green, blue and silver foil.
Evergreen tree. Pollen shed January - March; seeds shed September - November of first year.
The digital prints here each derived from a secondhand image of some "natural" subject--a storm at sea, an evergreen tree, a forest fire--whose multiple layers of reproduction highlighted its remove from nature.