Cancellation of Agreements. A participant may cancel a participation agreement at will. Upon cancellation of a participation agreement, a participant shall be entitled to the return of the participant’s account balance.
Cancellation of Agreements. Torchmark and the Company agree, on their own behalf and on behalf of the other members of their respective Group, that each and every agreement, arrangement, commitment or understanding, whether or not in writing, by or among any such parties except this Agreement, the agreements specifically identified in this Article VIII, and the agreements set forth on Exhibit N, shall be canceled and of no further effect as of the Public Offering Date. Each party shall, at the reasonable request of the other party, take, or cause to be taken, such other actions as may be necessary to effect the foregoing. Notwithstanding the foregoing, neither party shall be relieved from any obligations or liabilities accruing prior to the Public Officering Date by any member of the Company Group or any member of the Torchmark Group, as the case may be, which obligations or liabilities shall be paid or satisfied consistent with past practices.
Cancellation of Agreements. 5.1 The parties hereto agree that, if the Closing occurs, all Shareholder Agreements (as hereinafter defined) entered into between the parties hereto prior to the date hereof shall become null, void and of no effect as of the date of Closing. Such agreements include, but are not limited to, a Stock Purchase Agreement dated as of January 31, 1996 and the three amendments thereto, the Amended and Restated Stockholder Agreement dated as of November 8, 1996 including any and all amendments thereto, the Registration Rights Agreement dated as of April 30, 1996 and any and all letter agreements between the parties executed prior to the date hereof ("Shareholder Agreements").
Cancellation of Agreements. The Stockholders and the -------------------------- Company agree that, effective as of the Closing, all shareholders' agreements (including, without limitation, the Convertible Demand Note and Warrant Purchase Agreement dated as of October 10, 1996 among certain of the Stockholders and the Company, the Stock Restriction Agreement dated December 28, 1995 among certain of the Stockholders and the Company, the Voting Agreement dated December 28, 1995 among certain of the Stockholders and the Company, the Registration Rights Agreement dated as of December 28, 1995 among certain of the Stockholders and the Company, and The Series A Convertible Preferred Stock Purchase Agreement dated as of December 28, 1995 among certain of the Stockholders and the Company) to which any of the Stockholders is a party relating to the Company or the Shares shall terminate, and neither the Parent nor the Company shall have any liability under any such shareholders' agreement on and after the Closing Date. No payment or other consideration shall be paid by the Company in connection with any such termination.
Cancellation of Agreements. Agreements according to this agreement can be cancelled by the parties to each agreement. If either party wishes the local agreement or the right to make a local agreement to remain in effect, the party shall promptly request that negotiations to that effect be conducted during the notice period. The central organisations may extend the notice period of the local agreement to enable the conclusion of negotiations according to the negotiation procedure before the cancellation of the agreement. In the last resort, the issue of whether the agreement is to remain in effect may be brought up for consideration in the Fiduciary Council.
Cancellation of Agreements. An agreement under this program can be terminated by the department upon ten (10) working days’ notice in writing to the employee. Such termination shall not be grievable. The employee may terminate this agreement upon ten (10) working day’s notice in writing.
Cancellation of Agreements. Effective on or before the Effective Time, the Company shall terminate all Contracts with the Persons identified on Section 6.07 of the Company Disclosure Schedule, pay all amounts due thereunder, discharge in full all obligations of the Company and any of its Subsidiaries thereunder and provide the counterparties to such agreements a release of all liability arising under or relating to such agreement.
Cancellation of Agreements. The Company and XxXxxxxxx and Xxxxxxx agree that the employment agreements between the Company and each of XxXxxxxxx and Xxxxxxx shall terminate automatically at the Closing. --------------------------
Cancellation of Agreements. (1) When any of the following occurs, agreements concerning this Agreement shall be terminated as of the date set forth for each item: ① When the customer has submitted the “Tax-free Account Closing Application” set forth in Article 37-14, Paragraph 17 of the Special Measures Act: date of submission
Cancellation of Agreements. 1. An Agreement can only be cancelled in writing. If the Client cancels the Agreement for any reason whatsoever, the Client will owe TH B.V. the following fees:
A. If the Agreement is cancelled more than two months before the date of the Event: 30% of the total sum specified in the Agreement; - If the Agreement is cancelled between two months and one month before the date of the Event: 50% of the total sum specified in the Agreement; - If the Agreement is cancelled between one month and 3 weeks before the date of the Event: 70% of the total sum specified in the Agreement; - If the Agreement is cancelled less than 3 weeks before the date of the Event: 100% of the total sum specified in the Agreement.
B. If and in so far as TheaterHangaar provides any catering and/or other, supplementary services that are not specified in the Agreement (for example but not solely on account of the fact that the Client is charged for them on the basis of subsequent costing), the terms of cancellation used by the suppliers in question will also apply to cancellation of the Agreement. In such cases, the above-mentioned cancellation fees will therefore be increased by the cancellation fees for which the suppliers in question charge TH B.V.
2. If and in so far as third parties provide the catering and/or other, supplementary services directly to the Client, those parties’ terms will apply to cancellation of those agreements in addition to the fees referred to in paragraph 1 (A) of this article.
3. TH B.V. is entitled to deduct any cancellations due from any amounts already paid by the Client.
