Example ContractsClausesTermination
Termination
Termination contract clause examples

Termination. The rights associated with the vesting and exercise of this Option Agreement are subject to the following additional restrictions and limitations:

Termination. This Agreement may be terminated and abandoned at any time prior to the Effective Time of the Acquisition:

Termination. In addition to any other express termination right set forth elsewhere in this Agreement:

Termination. If a Change in Control of the Company shall have occurred while the Executive is still an employee of the Company, the Executive shall be entitled to the compensation provided in Section 4 upon the subsequent termination of the Executive’s employment with the Company by the Executive or by the Company within the two (2) year period immediately following a Change in Control of the Company unless such termination is as a result of the Executive’s # death; # Disability; # Mandatory Retirement; # termination by the Company for Cause; or # termination by the Executive other than for Good Reason.

Termination. If any Lender shall have delivered a notice or certificate pursuant to paragraph # above, the Borrower shall have the right, at its own expense, upon notice to such Lender and the Administrative Agent, to require such Lender to terminate its Commitment (if outstanding) and to pay such Lender in immediately available funds the principal of and interest accrued to the day of payment on the Loans made by such Lender hereunder and all other amounts accrued for its account or owed to it hereunder (including under Section 2.13); provided that no such termination shall conflict with any law, rule, or regulation or order of any Governmental Authority.

Termination. This Agreement may be terminated at any time prior to the Closing Date only as follows:

Termination. For purposes of paragraphs 3(a), 9, 10 and 12, no payment that would otherwise be made and no benefit that would otherwise be provided upon a termination of employment will be made or provided unless and until such termination of employment is also a Separation from Service. A “Separation from Service” shall be deemed to have occurred on the date on which the level of bona fide services reasonably anticipated to be performed by you is 45% or less of the average level of bona fide services performed by you during the immediately preceding 36-month period.

Termination. This Agreement shall terminate on the third anniversary of the effective date hereof unless either # a Change of Control occurs on or before such third anniversary or # the Committee determines to extend this Agreement for an additional three-year term or such shorter period as it determines to be appropriate. Notwithstanding the foregoing, if at the time when this Agreement would otherwise terminate, a third party has taken steps reasonably calculated to effect a Change of Control or a Change of Control is otherwise under consideration, then this Agreement shall automatically continue in effect until # a Change of Control occurs, in which event this Agreement shall thereafter remain in effect in accordance with its terms, or # the Board makes a good faith determination that in its opinion, the efforts by the third party or the Corporation to effect a Change of Control have been abandoned, at which time the Agreement shall terminate unless it is extended pursuant to clause (2) of the preceding sentence.

Termination. This Agreement shall automatically be terminated if the Effective Date of the Exchange does not occur on or before December 31, 2017.

Termination. Article III of this Agreement shall terminate in its entirety upon the earlier of: # an Acquisition (as defined below); # immediately prior to the closing of an Initial Public Offering; # the date upon which less than 20% of the Shares remain outstanding, or # the redemption of all Shares. An “Acquisition” shall mean any # merger or consolidation which results in the voting securities of the Company outstanding immediately prior thereto representing immediately thereafter (either by remaining outstanding or by being converted into voting securities of the surviving or acquiring entity) less than a majority of the combined voting power of the voting securities of the Company or such surviving or acquiring entity outstanding immediately after such merger or consolidation, # sale of all or substantially all the assets of the Company and the distribution of the net proceeds therefrom in accordance with the Company’s Certificate of Incorporation or # sale of shares of capital stock of the Company, in a single transaction or series of related transactions, representing more than 50% of the voting power of the voting securities of the Company.

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