Automatic Termination of Agreement. In the event of any termination of the Merger Agreement pursuant to the terms thereof without the Merger being consummated, this Agreement shall automatically become null and void and of no further force or effect.
Automatic Termination of Agreement. Notwithstanding any other provision of this Agreement to the contrary, this Agreement shall terminate immediately upon the Bank's composite CAMELS rating becoming 3 or worse.
Automatic Termination of Agreement. 1) There is no condition or necessity to continue to perform this agreement due to force majeure;
2) This agreement shall terminate if both parties fail to reach agreement on renewal upon expiration of this agreement.
Automatic Termination of Agreement. This MOU shall remain in effect if either signatory for Beaufort County Sheriff’s Office or Bluffton Police Department are no longer employed with their respective Agency for a period of thirty (30) days after their last date of employment. Following the thirty (30) day period, this MOU shall be invalid.
Automatic Termination of Agreement. In that the Company is retaining the unique personal services of the Executive, this Retention Agreement shall automatically terminate upon the Executive’s death, disability, voluntary resignation or termination with or without Cause. “Cause” shall mean (i) the material failure on the part of the Executive to perform his duties under this Retention Agreement, (ii) material dishonesty or gross misconduct by the Executive in the performance of his duties hereunder, (iii) injury caused by the Executive to the reputation of the Company, (iv) a material breach of a covenant in this Retention Agreement, or (v) conviction of the Executive or the Executive’s pleading guilty or no contest to a crime involving moral turpitude or to a felony.
Automatic Termination of Agreement. If not already terminated by reason of any other provision in this Agreement, or for any other reason, this Agreement shall automatically terminate and be of no further force and effect upon completion of the Project pursuant to the terms of this Agreement and any further amendments thereto and the issuance of all occupancy permits and acceptance by the City of all dedications and improvements as required by the development of the Project.
Automatic Termination of Agreement. It is further understood and agreed that this Agreement shall automatically terminate, without notice or action, in the event of the death of the Independent Contractor; in the event Independent Contractor shall be unable to perform the essential functions of his position; in the event of the dissolution, termination of existence, insolvency, business failure, appointment of a receiver of any part of the property of, assignment for the benefit of creditors by, or the commencement of any proceeding under any bankruptcy, or insolvency laws by or against the Independent Contractor; in the event that Independent Contractor has committed any act of fraud or embezzlement in the performance of his duties or has in any way mishandled or misappropriated funds belonging to Company or its customers; Independent Contractor is convicted or indicted for breaching any law including but limited to those relating to the promotion of timeshares; Independent Contractor’s dishonesty or serious misconduct in relation to any aspect of the Company’s business, or other conduct by Independent Contractor calculated or with the potential to bring the Company into disrepute or to materially damage or materially affect prejudicially the interests of the Company; Independent Contractor’s failure to follow the reasonable directions of the Company; Independent Contractor Company Legal Dept. Approval 2/12 2009-Jul-15 08:54 PM FOUR SEASONS FIRENZE 05526261 or a breach by Independent Contractor of this Agreement. The above is a non-exhaustive list of “cause” for termination under this Agreement.
Automatic Termination of Agreement. In that the Company is retaining the unique personal services of the Executive, this Retention Agreement shall automatically terminate upon the Executive’s death, disability, voluntary resignation or
Automatic Termination of Agreement. In that the Company is retaining the unique personal services of the Executive, this Retention Agreement shall
Automatic Termination of Agreement. If all or part of the Building is lost or damaged due to any force majeure such as natural disaster or other event that is not attributable to the Lessor, or the Leased Room becomes no longer available for use due to the dilapidation of the Building, this Agreement shall automatically terminate. The Lessor shall not be held liable for any damages suffered by the Lessee due to such termination and the Lessee may not claim any money or other demand of whatever name from the Lessor.
