Advertising on Indeed is budget-based rather than time-based. There are no contracts or time commitments for Sponsored Jobs.
Your Sponsored Job on a Simple Budget will recur - the daily or monthly budget you set automatically renews at the end of the designated period.
The end date feature can be utilized to have Indeed automatically remove your job on the specified day.
If you have enough candidates - or you make a hire - you can pause or close your Sponsored Job, and you will only be charged for what you spent up to that point.