Example ContractsClausesTermination
Termination
Termination contract clause examples

Termination. This Agreement may be terminated as follows:

Termination. During the Employment Period, the Executive’s employment hereunder may be terminated without any breach of this Agreement under the following circumstances:

Termination. Although the Bank anticipates that it will continue the Plan for an indefinite period of time, there is no guarantee that the Bank will continue the Plan or will not terminate the Plan at any time in the future. Accordingly, the Bank reserves the right to discontinue its sponsorship of the Plan and/or to terminate the Plan at any time with respect to any or all of the Participants, by action of its full Board of Directors. The termination of the Plan shall not adversely affect any Participant’s or beneficiary’s right to receive the payment of any benefits under the Plan as of the date of termination, including the right of the Participant or beneficiary to be paid Plan benefits accrued through the date of termination in accordance with the Plan terms and the Participant’s distribution elections in effect at the time of termination.

Termination. This Agreement will terminate on the earlier of # the date of the last sale in which the maximum number of Membership Units ($1,000,000) has been consummated; or # eighteen months from the effective date hereof.

Service Provider may terminate this Facility IP License and the rights and licenses granted to Owners under this Facility IP License with immediate effect upon notice to Owners if Owners commit a material breach of this Facility IP License and fail to cure such breach within thirty (30) days after Service Provider provides written notice of such breach to Owners (or such later period as may be provided in Service Provider’s notice). As used in this Section 11, a “material breach” shall mean Owners have exercised the license in Section 2 prior to a Triggering Event, have shared the Facility IP in violation of Section 6, or have exercised rights in the Facility IP not granted in this Facility IP License, in all such cases resulting in a materially adverse effect on Service Provider. A material breach does not include an exercise of rights to Facility IP granted to Owners under a separate license between the Parties. Except for the foregoing and as set forth in Section 3(b), this Facility IP License may only otherwise be terminated upon mutual written

Termination. The obligation of the Sponsor under or in connection with this Agreement will terminate automatically and immediately upon the earliest to occur of # the Closing (at which time all such obligations shall be discharged, but subject to the performance of such obligations), and # the termination of the Merger Agreement pursuant to its terms (unless the Company shall have previously made a claim under clause ‎(ii) of the first sentence of Section ‎5 hereof, in which case this Agreement shall terminate upon the final, non-appealable resolution of such action and satisfaction by the Sponsor of any obligations finally determined or agreed to be owed by the Sponsor, consistent with the terms hereof).

Termination. This Agreement can be terminated prior to the expiration of its term on written notice for cause, such as Contractor’s failure to perform the Services in a timely and responsible manner. In the event of the Contractor’s death or disability preventing performance of the Services, GP’s obligations under this Agreement will terminate as of the end of the day on which Contractor’s death or disability occurs.

Termination. Your employment with the Company may be terminated by either you or the Company at any time for any reason and with no further obligations other than those set forth in Section 2(b), below. Any termination of your employment (by you or by the Company) must be communicated by thirty (30) days’ advance written notice from the terminating party to the other party. The date your employment by the Company terminates is referred to herein as your “Termination Date.”

Termination. Except as otherwise provided in Section 2 hereof, any RSUs (including any Dividend Equivalents credited thereupon) that are not vested upon your Termination of Directorship shall, upon such Termination of Directorship, terminate and be forfeited in their entirety as of the date of such Termination of Directorship.

Termination In the event of the termination of the Insider’s employment and/or service at any time between the Effective Date and the end of fiscal year 2016, the terms, conditions and mechanics with respect to the Insider’s exercise of his Options set forth in Exhibit A shall apply.

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