Example ContractsClausesExpiration of Agreement
Expiration of Agreement
Expiration of Agreement contract clause examples

Expiration of Agreement. If the Company elects not to renew this Agreement and it expires, the Company shall pay to the Executive: # all amounts fully earned pursuant to the terms of this Agreement, but unpaid hereunder through the date of termination, if any, in respect of Salary, and accrued but not yet paid Annual Performance Bonus owed from the final year of Executive’s employment; # a severance payment equal to one (1) time the Executive’s combined Salary and actual bonus compensation for the preceding fiscal year, which shall be paid within five (5) days of the Executive’s last day of employment; and # payment of the full premium (including administrative fee) for continuing health insurance coverage under COBRA or any similar state law for a period of two (2) years following the expiration of the Agreement. The provisions of Section 6(g)(i)(C) shall apply to all payments made under this Section 6(g)(ii) to the extent relevant in accordance with applicable law. If the Executive elects not to renew this Agreement and it expires, the Company shall pay to the Executive all amounts fully earned pursuant to the terms of this Agreement, but unpaid hereunder through the date of termination, if any, in respect of Salary, and accrued but not yet paid Annual Performance Bonus owed from the final year of Executive’s employment.

Expiration. The Option shall expire and shall no longer be exercisable after the Expiration Date as defined in the Plan (which generally provides that if the Participant’s Termination Date occurs for any reason other than death, Disability, or Cause, the Expiration Date will be the 90th day after the Termination Date) but in no event later than the Latest Expiration Date as set forth above. Notwithstanding the definition of Expiration Date under the Plan, however, if Participant’s Termination Date occurs on account of Retirement (as defined below), the Option shall remain exercisable until the earlier of the 12 month anniversary of Participant’s Termination Date or the Latest Expiration Date set forth above. For purposes of this Agreement, Participant’s Termination Date shall be considered to have occurred on account ofRetirement” if his Termination Date occurs on or after the date that # he has attained age 65 or # he has attained 55 and completed at least 10 years of continuous service with the Company and its affiliates and provided that his Termination Date does not occur for any other reason other than Retirement (including termination for Cause).

Agreement Term; Expiration. This Agreement is effective as of the Effective Date and, unless earlier terminated pursuant to the other provisions of this ARTICLE 9, will continue in full force and effect until the earliest to occur of # the Research Term Expiration Date or Research Term Mutual Termination, or # the date that the Joint Development and Commercialization Agreement becomes effective in accordance with [Section 4.1.2], and the consequences of such expiration are set forth in [Section 9.3.1] (and, for the avoidance of doubt, no other subsections of [Section 9.3] below).

Agreement Term; Expiration. Except with respect to Section 4.7, which shall become effective on the Execution Date, this Agreement is effective as of the Effective Date and, unless earlier terminated pursuant to the other provisions of this ARTICLE 10, will continue in full force and effect until this Agreement expires as follows:

Expiration of the Agreement. Your employment with the Company may terminate by way of the expiration of the Term as a result of either party exercising the right not to renew. In the event of termination of Your employment by expiration of the Term, the Company’s obligation to pay and provide You compensation and benefits under this Agreement shall immediately terminate, except the Company shall pay you: # that portion of Your Base Salary which is earned but unpaid through the employment termination date; # any accrued but unpaid paid time off; # reimbursement of all expenses for which You are entitled to be reimbursed pursuant to Section 3.4 but for which You have not yet been reimbursed, provided You submit a written expense reimbursement request and supporting documentation in compliance with the Company’s policies within thirty (30) calendar days after the employment termination date; and # vested benefits, if any, to which You are entitled under the Company’s Employee Benefit Plans as of the employment termination date (the foregoing subparts (a), (b), (c) and (d) will hereinafter be referred to collectively as the “Accrued Obligations”).

Expiration of the Agreement. Your employment with the Company may terminate by way of the expiration of the Term as a result of either party exercising the right not to renew. In the event of termination of Your employment by expiration of the Term, the Company’s obligation to pay and provide You compensation and benefits under this Agreement shall immediately terminate, except: # You shall be entitled to receive that portion of Your Base Salary which shall have been earned through the termination date; and # the Company shall pay or provide You such other payments and benefits, if any, which had vested hereunder before the termination date.

Expiration of Agreement. This Agreement is executable until the twenty-second (22nd) day after it is received by Executive (the “Expiration Date”). This Agreement is null and void if the Company has not received a copy of this Agreement executed by the Executive on or before the Expiration Date. Executive acknowledges that this affords Executive a reasonable period to consult an attorney regarding this Agreement. If Executive chooses to sign this Agreement prior to the end of the Expiration Date, then Executive acknowledges that Executive did so knowingly and voluntarily, and was not induced to do so by fraud, misrepresentation or threat to withdraw or alter the offer.

Expiration. Subject to early termination pursuant to the provisions of Sections 10.2 and 10.3 below, this Agreement shall expire on the expiration of [[AntriaBio:Organization]]’s obligation to pay royalties to XOMA under Section 4.2 above. Upon expiration of the Royalty Term, on a country-by-country basis, the licenses granted to [[AntriaBio:Organization]] by XOMA under this Agreement shall be fully paid-up, perpetual and irrevocable in the countries in which the Royalty Term has expired.

Expiration of Agreement. If either the Company or the Executive elects not to renew this Agreement and it expires, the Executive shall not receive any termination payments other than any amounts fully earned pursuant to the terms of this Agreement, but unpaid hereunder through the date of expiration of this Agreement, if any, in respect of Salary, and any accrued but not yet paid Annual Performance Bonus owed with respect to the year of such expiration and any prior year.

Termination due to Death or Disability.

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