Abandonment or Termination Sample Clauses

Abandonment or Termination. Agreement may be terminated by either Party upon ten (10) days written notice. In the event the Project is terminated or abandoned before completion of the Services, all Services of Consultant shall immediately terminate. In the event of termination or abandonment, Consultant shall be compensated for the Services in proportion to the amount of work actually completed as of the termination date or date of abandonment. Notwithstanding the foregoing, in the event of telephone notification to stop work, no further work shall be performed on any portion of the Project pending receipt of the written notification. The continuation of work after telephone notification to stop work, shall be at Consultant’s sole cost and expense, without the right to seek any form of reimbursement.
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Abandonment or Termination. Notwithstanding Section 4.11, if the Exercise Period for each Right is accelerated and the proposed transaction which resulted in the acceleration is abandoned or terminated on or before the last day (the "Deposit Date") on which the Company is required to make the deposit pursuant to Section 4.11 of cash or TCI Series A Shares to effect the purchase of shares of MusicCo Series A Common Stock and Distributed Entity Stock surrendered in connection with such accelerated Exercise Period, or the Company otherwise determines in good faith on or before the Deposit Date that such proposed transaction will not be consummated, then the Company shall so notify the Rights Agent by delivering to the Rights Agent an officer's certificate to such effect signed by its Chairman of the Board, President or a Vice President promptly following the termination or abandonment of such proposed transaction or such determination by the Company, but in no event later than the fifth Business Day following the Deposit Date. Upon delivery of such officer's certificate, the Company shall be relieved of its obligation to make the deposit otherwise required by Section 4.11 or, if such deposit has theretofore been made, shall be entitled to the return thereof. Promptly following receipt of such officer's certificate, the Rights Agent shall mail to each Holder the certificates evidencing the shares of MusicCo Series A Common Stock, the shares of Distributed Entity Stock and the Rights surrendered by such Holder to the Rights Agent in connection with such accelerated Exercise Period and, if the Company has made a deposit of cash or TCI Series A Shares with the Rights Agent in connection with such accelerated Exercise Period, the Rights Agent shall deliver the cash or TCI Series A Shares so deposited to the Company.
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Abandonment or Termination. If the Contractor has abandoned the Project or the City has terminated the contract for cause and the Surety, after notice demanding completion is sent, fails to commence the completion of the work in a timely manner and compliance with this Agreement, then the City at its option may provide for completion of the work in either of the following manners:
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Abandonment or Termination. This Agreement may be abandoned or terminated at any time before the Effective Time (including, without limitation, before or after approval of this Agreement by the shareholders of any of the parties to this Agreement) by the mutual consent of the parties hereto in a written instrument, if the Board of Directors of each so determines by a vote of a majority of all of its members.
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Related to Abandonment or Termination

  • Amendment or Termination (a) This Trust Agreement may be amended by a written instrument executed by Trustee and Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan or shall make the Trust revocable after it has become irrevocable in accordance with Section 1(b) hereof.

  • Amendment or Termination of Agreement This Agreement may be changed or terminated only upon the mutual written consent of the Company and Executive. The written consent of the Company to a change or termination of this Agreement must be signed by an executive officer of the Company after such change or termination has been approved by the Board.

  • Consequences of Expiration or Termination All of the following effects of expiration or termination, as applicable, are in addition to the other rights and remedies that may be available to the Parties at law or in equity.

  • Any Termination Except as provided with respect to Tranche A Options in connection with a termination without Cause within one year following a Change in Control, unvested Options shall be cancelled for no consideration upon a termination for any reason.

  • Termination or Abandonment Notwithstanding anything contained in this Agreement to the contrary, this Agreement may be terminated and abandoned at any time prior to the Effective Time, whether before or after any approval of the matters presented in connection with the Merger by the stockholders of the Company:

  • Modification or Termination The Loan Documents may only be modified or terminated by a written instrument or instruments intended for that purpose and executed by the party against which enforcement of the modification or termination is asserted. Any alleged modification or termination which is not so documented shall not be effective as to any party.

  • Effects of Expiration or Termination Upon expiration of the License Term or termination of this Agreement, Customer shall promptly pay all sums owed by Customer, return the original copies of all Licensed Products to PTC, destroy and/or delete all copies and backup copies thereof from Customer’s computer libraries, storage facilities and/or hosting facilities, and certify in writing by an officer that Customer is in compliance with the foregoing requirements and that the Licensed Products are no longer in Customer’s possession or in use.

  • Effect of Expiration or Termination Upon any expiration or termination of this Agreement, except as expressly otherwise provided in this Agreement:

  • Premature Termination (i) In the event of the termination of the employment of the Executive under this Agreement by the Employer for any reason other than expiration of the term hereof or a "for-cause" termination in accordance with the provisions of paragraph (d) of this Section 3, then notwithstanding any actual or allegedly available alternative employment or other mitigation of damages by or available to the Executive, the Executive shall be entitled to a "Lump Sum Payment" equal to the sum of: (w) his monthly Base Salary then payable, multiplied by the remaining number of months or partial months until expiration of the Basic Term or renewal term, if any, (but not less than 18 months), and an annualized and proportional amount equal to the average of the two (2) most recent annual Performance Bonuses that the Executive received; For purposes of calculating the Lump Sum Payment amounts due, the Executive's employment with the Employer shall be agreed to have commenced on October 1, 1998. In the event of a termination governed by this subparagraph (b)(i) of Section 3, the Employer shall also: (y) notwithstanding the vesting schedule otherwise applicable, fully vest all of Executive's options outstanding under any option or stock incentive plan herein after established by Employer ("Option Plan") and allow a period of eighteen (18) months following the termination of employment for the Executive to exercise any such options; and (z) continue for the Executive (provided that such items are not available to him by virtue of other employment secured after termination) the perquisites, plans and benefits provided under the Employer's Perquisite Policy and Benefit Plans as of and after the date of termination, [all items in (z) being collectively referred to as "Post-Termination Perquisites and Benefits"], for the lesser of the number of full months the Executive has theretofore been employed by the Employer (but not less than twelve (12) months)or eighteen (18) months following such termination. The payments and benefits provided under (w), (x), (y) and (z) above by the Employer shall not be offset against or diminish any other compensation or benefits accrued as of the date of termination.

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