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 ?
M2 EQUITYBITES-September 3, 2019-Garden Bar Partners with Evergreens to Strengthen Pacific Northwest Brand
Nevertheless, there are a few things a gardener can do to help evergreens stay green.
In many countries, it was believed that evergreens keep away witches, ghosts, evil spirits, and illness, he stated.
'My evergreens, that I think are called arborvitae, are not green anymore but are a sick-looking greenish-brown.
"With experience, I learned that a garden without evergreen scaffolding is destined for ordinariness." But how will evergreens fare in the drought?
[ClickPress, Fri Aug 19 2011] Evergreens has announced that it has completed the garden for the Big Brother house for the fifth year running.
BORDERS can look so lifeless at this time of year as perennials have died down while deciduous trees have shed their leaves, which is where evergreens come into their own.
Of course, the usual evergreen suspects include azaleas, heathers and laurels, but with careful siting, there's a wealth of evergreens which can provide so much more interest.
BORDERS can look so lifeless at this time of year, as perennials have died down while deciduous trees have shed their leaves, which is where evergreens come into their own.
Don't think that evergreen is just green -look for flowering evergreens which can provide a splash of colour when flowers are non-existent.
At a cost exceeding US$5 billion, the Evergreens' shipbuilding project is the largest of its kind worldwide, with the new ships to be gradually delivered beginning from 2013.