AUTOMATIC TERMINATION CLAUSE Sample Clauses

AUTOMATIC TERMINATION CLAUSE. Anything to the contrary in this Agreement notwithstanding, it shall be automatically terminated without notice by insolvency, receivership, bankruptcy or liquidation of either party.
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AUTOMATIC TERMINATION CLAUSE. It is expressly agreed that failing the payment of one single instalment of rent or failing the repayment on their exact due dates of any accessories to said rent, in particular advance payments, fees, taxes, duties and other charges, this lease shall be terminated automatically one month after the date of an unheeded demand for payment or other order containing a declaration by the Lessor of his intention to invoke this clause without the need to complete any legal formalities. Should the Lessee refuse to vacate the leased premises, he may be evicted by interim order made by the president of the Tribunal de Grande Instance with geographical jurisdiction immediately enforceable notwithstanding the right to appeal.
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AUTOMATIC TERMINATION CLAUSE. 14.1 Each party will have the faculty of terminating this Agreement, pursuant to article 1456 of the Civil Code, should even one of the following cases occur:
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AUTOMATIC TERMINATION CLAUSE. The parties to this Agreement have included within said Agreement provisions for Student Discipline, Employee Property Protection, Meetings and Hearings, Reduction in Force, Transfers and Vacancies, and Extracurricular Salary. If a decision by the Pennsylvania Supreme Court or Court which has jurisdiction of the parties determines that the subject matter of any one or more of these provisions is a matter of inherent managerial policy as defined in Section 702 of Act 195, for which the Employer need not have bargained in the first instance, then such provision or provisions shall not be deemed binding, valid or subsisting, but shall be deemed null and void.
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Related to AUTOMATIC TERMINATION CLAUSE

  • Automatic Termination This Agreement shall automatically and immediately terminate in the event of its “assignment” (as defined in the 1940 Act).

  • Automatic Early Termination provision of Section 6(a) will not apply to Party A and will not apply to Party B.

  • Termination by Notice Notwithstanding any provision of this Agreement, it may be terminated at any time without penalty, by the Trustees of the Trust or, with respect to any series or class of the Trust's shares, by the vote of the majority of the outstanding voting securities of such series or class, or by MM-LLC, upon thirty days written notice to the other party.

  • Termination by Resignation Subject to Section 3.2, below, Executive’s employment and the Company’s obligations under this Agreement shall terminate automatically, effective immediately upon Executive’s provision of written notice to the Company of Executive’s resignation from employment with the Company or at such other time as may be mutually agreed between the Parties following the provision of such notice.

  • Termination by Xxxxxx Xilinx may terminate this Agreement for material breach by Licensee, provided that Xilinx has given written notice to Licensee of such breach and Licensee fails to cure such breach within thirty (30) days thereof; provided, however, in the event of a breach of confidentiality under Section 7 whereby unauthorized disclosure and/or dissemination by electronic or other means is likely to cause undue harm to Xilinx, then Xilinx may, at its discretion, immediately terminate this Agreement and seek other appropriate equitable and legal remedies as deemed necessary to protect its interests hereunder.

  • Voluntary Termination or Termination for Cause If Executive is no longer employed by the Company or any of its subsidiaries as a result of Executive's termination for Cause or resignation, then on or after the Termination Date, the Company may elect to purchase all or any portion of the Executive Units at a price per Unit equal to the lower of the Original Value thereof or the Fair Market Value thereof determined as described in clause (b)(1) above; provided, however, that if Executive resigns on or after the fifth anniversary of the date hereof, then on or after such Termination Date, the Company may elect to purchase all or any portion of the Executive Units at a price per unit equal to the Fair Market Value thereof determined as described in clause 3(b)(1) above.

  • Right to Terminate Following Termination Event Sections 6(b)(ii)-(iv) are deleted in their entirety and replaced by the following:

  • Voluntary Termination; Termination for Cause If Executive’s employment with the Company terminates voluntarily by Executive or for “Cause” by the Company, then (i) all vesting of the Option will terminate immediately and all payments of compensation by the Company to Executive hereunder will terminate immediately (except as to amounts already earned), and (ii) Executive will only be eligible for severance benefits in accordance with the Company’s established policies as then in effect.

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