Example ContractsClausesTermination
Termination
Termination contract clause examples

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. 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. The Representatives may terminate this Agreement at any time prior to the Closing Date by written notice to the Company if any of the events described in Sections 7(e) (No Material Adverse Change), 7(g) (No Hostilities) or 7(h) (No Suspension in Trading; Banking Moratorium) shall have occurred or if the conditions set forth in Section 7 hereof are not satisfied or waived at or prior to the Closing Date. Any termination pursuant to this Section 9 shall be without liability on the part of # the Company or the Guarantors to the Initial Purchasers, except that the Company and the Guarantors shall be obligated to reimburse the expenses of the Initial Purchasers pursuant to Section 5(f) hereof, together with any other reasonable legal fees and expenses incurred by the Initial Purchasers in connection with the Offering, or # the Initial Purchasers to the Company or the Guarantors, except, in the case of each of clauses (a) and (b), that the provisions of Sections 8 and 10 hereof shall at all times be effective and shall survive such termination.

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