Example ContractsClausesExercise of Right to Terminate
Exercise of Right to Terminate
Exercise of Right to Terminate contract clause examples

Exercise of Right to Terminate. The use by either Party hereto of a termination right provided for under this Agreement will not in and of itself give rise to the payment of damages or any other form of compensation or relief to the other Party with respect thereto.

Right to Terminate. A Requesting Equity Holder shall have the right to terminate any Demand Registration initiated by it under Section 2(a) prior to the effectiveness of such Demand Registration whether or not any Equity Holder has elected to include Registrable Securities in such Demand Registration and, thereupon, the Company shall be relieved of its obligation to register any Registrable Securities under Section 2(a) in connection with such Demand Registration (but not from its obligation to pay the Registration Expenses in connection therewith); provided, that # the Requesting Equity Holder has reimbursed the Company for the pro rata portion (based on the total number of securities such Requesting Equity Holder sought to register, as compared to the total number of securities included on the applicable Registration Statement) of the reasonable and documented out-of-pocket fees and expenses incurred by the Company in connection with such Demand Registration, or # a material adverse change occurred in the condition (financial or otherwise), business, prospects, assets, properties, operations or resolutions of operations of the Company and its subsidiaries taken as a whole subsequent to the date of delivery of the Demand Registration or the per share price of the Common Stock has declined by ten percent (10%) or more as compared to the closing per share price of the Common Stock on the date of the delivery of the written notice requesting such Demand Registration.

CIT Right to Terminate. The Company expressly reserves the right, in its sole and absolute discretion, to waive or terminate all or part of the Notice Period, change or suspend any of Employee’s duties and powers and relocate Employee’s office for all or part of the Notice Period including, without limitation, directing or requiring that Employee remain away from the Company’s premises during all or part of the Notice Period, and/or take such other action(s) as determined by the Company to aid and assist in the transition process associated with Employee’s departure. Employee is required to abide by the Company’s direction during the Notice Period, which direction shall be final, conclusive and binding on Employee. In the event that the Notice Period is waived or terminated, in whole or in part, by the Company, Employee’s compensation and benefits will end on the last day of Employee’s employment.

Right to Terminate. During the Employment Period, # the Company shall be entitled to terminate the Executive’s employment # for Cause, # by reason of the Executive’s disability pursuant to Section 11, or # for any other reason, and # the Executive shall be entitled to terminate the Executive’s employment for any reason. Any such termination shall be subject to the procedures set forth in Section 12 and shall be subject to any consequences of such termination set forth in this Agreement. Any termination of the Executive’s employment during the Employment Period by the Employer shall be deemed a termination by the Company for purposes of this Agreement.

Right to Terminate. During the Employment Period, # the Company shall be entitled to terminate the Executive’s employment # for Cause, # by reason of the Executive’s disability pursuant to Section 11, or # for any other reason, and # the Executive shall be entitled to terminate the Executive’s employment for any reason. Any such termination shall be subject to the procedures set forth in Section 12 and shall be subject to any consequences of such termination set forth in this Agreement. Any termination of the Executive’s employment during the Employment Period by the Employer shall be deemed a termination by the Company for purposes of this Agreement.

Exercise of Right to Terminate. All rights and obligations of a Party accrued prior to the effective date of a termination (including the rights to receive reimbursement for costs incurred prior to the effective date of such termination and payments accrued or due prior to the effective date of such termination) shall survive such termination.

Right to Terminate. The Compensation Committee may at any time terminate the Plan.

Right to Terminate. Each Party shall have the right to terminate this Agreement effective immediately upon delivery of written notice to the other Party in the event that # such other Party files in any court or agency pursuant to any statute or regulation of any jurisdiction a petition in bankruptcy or insolvency or for reorganization or similar arrangement for the benefit of creditors or for the appointment of a receiver or trustee of such other Party or its assets, # such other Party is served with an involuntary petition against it in any insolvency proceeding and such involuntary petition has not been stayed or dismissed within ​ of its filing, or # such other Party makes an assignment of substantially all of its assets for the benefit of its creditors.

Exercise of Right to Terminate. All rights and obligations of a Party accrued prior to the effective date of a termination (including the rights to receive reimbursement for costs incurred prior to the effective date of such termination and payments accrued or due prior to the effective date of such termination) shall survive such termination.

Right to Terminate. During the Employment Period, # the Company shall be entitled to terminate the Executive’s employment # for Cause, # by reason of the Executive’s disability pursuant to Section 11, or # for any other reason, and # the Executive shall be entitled to terminate the Executive’s employment for any reason. Any such termination shall be subject to the procedures set forth in Section 12 and shall be subject to any consequences of such termination set forth in this Agreement. Any termination of the Executive’s employment during the Employment Period by the Employer shall be deemed a termination by the Company for purposes of this Agreement.

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