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 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.
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. Notwithstanding anything herein to the contrary, if the Effective Date shall not have occurred on or prior to June 5, 2019, this Agreement and the commitments contained herein shall automatically terminate in all respects (the “Expiration Date”).
Expiration. The Option will expire on the Expiration Date set forth above, or earlier as provided in this Agreement or the Plan.
Expiration. The Options (to the extent not otherwise forfeited) shall automatically terminate and shall become null and void, be unexercisable and be of no further force and effect upon the earlier of
Expiration. Upon expiration (but not earlier termination) of this Agreement pursuant to [Section 13.1] for a Product # the License with respect to such Product will automatically become non-exclusive, fully paid, royalty-free, irrevocable, and perpetual; # the Grant-Back License with respect to such Product will remain in full force and effect on a non-exclusive, fully-paid, royalty-free, irrevocable and perpetual basis; and # all other rights and obligations of the Parties under this Agreement with respect to such Product shall terminate, except as provided elsewhere in this [Section 13.6] or in [Section 13.7].
Expiration. Upon expiration of the Royalty Term with respect to a particular country, all rights and licenses granted to SORRENTO under this Agreement and the covenant set forth in Section 2.04, in each case with respect to such country, will become fully paid, irrevocable (except otherwise provided herein), and royalty free. For the avoidance of doubt, milestone payments due under Section 3.02 shall still remain in effect after the Royalty Term.
Expiration Date. Each Letter of Credit shall expire (or be subject to termination or non-renewal by notice from the Issuing Bank to the beneficiary thereof) at or prior to the close of business on the earlier of # the date one year after the date of the issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, including, without limitation, any automatic renewal provision, one year after such renewal or extension) and # the date that is five Business Days prior to the Maturity Date.
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