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Expiration of the Agreement
Expiration of the Agreement contract clause examples
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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:

#The first anniversary of the date of the Employee's termination of employment by reason of death or Disability;

#The first anniversary of the date of the termination of Grantee’s Business Relationship with Lands’ End due to death or Disability;

#The 91st day after termination of the Participant’s Employment for any reason other than one specified in in Section 5 of this Agreement or in subsection # below.

Consequences of Expiration or Termination of the Agreement. If this Agreement expires or is terminated by a Party in accordance with this ARTICLE 10, at any time and for any reason, the following terms will apply to any Product in any country or Program that is the subject of such expiration or termination (or, if this Agreement expires or is terminated in its entirety, to all Products in all countries and all Programs):

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. 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. 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 (theExpiration Date”).

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].

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