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

Termination. We anticipate a long and mutually satisfactory relationship. AVRS, however, has the right to terminate our engagement at any time by providing us with a written notice of termination. In the event of such notice received, all AVRS-related fees and costs must be paid within thirty days. Similarly, we also have the right to terminate our engagement, subject to giving you reasonable notice to arrange alternative representation, and, during pendent litigation, upon receipt of leave of the court.

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. Unless sooner terminated by action of the Board of Directors, the Plan shall terminate upon the close of business on the day next preceding the tenth anniversary of the date of its adoption by the Board of Directors.

Termination. Upon the payment in full of all Secured Obligations and termination of the Financing Commitments, the security interest granted herein shall automatically (and without further action by any party) terminate and all rights to the Collateral shall revert to the Company. Upon notice of any such termination by the Company, the Collateral Agent will, at the Company’s direction and sole expense, deliver to the Company, or cause the Securities Intermediary to deliver, without any representations, warranties or recourse of any kind whatsoever, all certificates and instruments representing or evidencing all of the Collateral held by the Securities Intermediary hereunder, and execute and deliver to the Company or its nominee such documents as the Company shall reasonably request to evidence such termination.

TERMINATION. The term of this Agreement shall begin on the date hereof and shall expire on December 31, 2017. Notwithstanding the foregoing, the Company may terminate this Agreement at any time, without cause; provided that, in the event of such termination without cause, the Company must pay Consultant the remainder of the unpaid Fee. In the event of a breach of this Agreement by Consultant, the Company shall also have the discretion to terminate this Agreement immediately. In the event that the Company terminates this Agreement for breach, the Company shall, within thirty (30) days after the conclusion of the term of this Agreement, pay to Consultant all fees and expenses owed by the Company as of the date that the Company provided Consultant written notice of termination.

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

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. 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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