Company Termination. The Company may at any time in its sole discretion terminate (a “Company Termination”) this Agreement and its right to initiate future Tranches by providing 30 days advanced written notice (“Termination Notice”) to Investor.
Company Termination. (a) Notwithstanding any other provision of this Agreement, at any time during the Employment Period, including, without limitation, the Initial Term, this Agreement and Executive's employment hereunder shall terminate upon his death, and Company shall have the right, in its sole and absolute discretion, to terminate this Agreement and Executive's employment hereunder at any time by giving him written notice of such termination (1) for "Cause" (as defined below), or (2) if Executive shall suffer a Disability (as defined below). In the event of Executive's death during the Employment Period, the Company shall (i) pay to Executive's estate an amount equal to one years Base Salary, (ii) pay to Executive's estate a pro rata portion of any bonus which would have been payable but for Executive's death; (iii) vest Executive fully in any Company stock grant and stock options held by Executive at his death.
Company Termination. After the Operative Date, the Company may terminate the Executive’s employment for any reason, subject to the provisions of this Agreement establishing obligations of the Company that arise with respect to certain terminations.
Company Termination. Company may terminate this Agreement at any time during the Term, effective upon completion of each of the following conditions: (a) providing at least 60 days prior written Notice to Cornell of such intention to terminate; (b) ceasing to make, have made, use, import, offer for sale and sell all Licensed Products; (c) (i) terminating all Sublicenses and causing all Affiliates and Sublicensees to cease making, having made, using, importing, offering for sale and selling all Licensed Products or (ii) to the extent permitted by Section 3.4, assigning all Sublicenses to Cornell; and (d) paying all amounts owed to Cornell under this Agreement through the effective date of termination.
Company Termination. Upon compliance with the foregoing distribution plan, the Company shall cease to be such, and the Liquidating Trustee shall execute, acknowledge and cause to be filed with the Secretary of State of the State of Delaware articles of dissolution of the Company.
Company Termination. Company may terminate this Agreement: i. on thirty (30) days written notice to Customer in the event Customer commits a material breach of this Agreement or the Program and fails to cure the same within such thirty (30) day period;
Company Termination. This Agreement shall automatically terminate upon the delivery of written notice from the Company to the Supporting Noteholders (in accordance with Section 21), at any time after the occurrence of any of the following:
(i) solely with respect to the Supporting Noteholders with First Lien Secured Note Claims, the breach in any material respect by any such Supporting Noteholder of any of its covenants, obligations, representations, or warranties contained in this Agreement that would reasonably be expected to have a material adverse impact on the timely consummation of the Restructuring that (a) (to the extent curable) remains uncured for a period of five (5) Business Days from the date such breaching Supporting Noteholder receives a written notice of such breach from the Company, and (b) could reasonably be expected to materially impair the ability to consummate the Restructuring in accordance with the terms of this Agreement; provided, however, that the Company may not seek to terminate this Agreement based upon a breach of this Agreement by such Supporting Noteholder arising primarily out of the Company’s own actions in breach of this Agreement; and provided, further, that so long as non-breaching Supporting Noteholders with First Lien Secured Note Claims party hereto continue to hold at least two-thirds (2/3) of the outstanding First Lien Secured Note Claims, such termination shall be effective only with respect to such breaching Supporting Noteholder;
(ii) solely with respect to the Supporting Noteholders with 5.50% Convertible Notes Claims or 6.50% Convertible Notes Claims, the breach in any material respect by any such Supporting Noteholder of any of its covenants, obligations, representations, or warranties contained in this Agreement that would reasonably be expected to have a material adverse impact on the timely consummation of the Restructuring that (a) (to the extent curable) remains uncured for a period of five (5) Business Days from the date such breaching Supporting Noteholder receives a written notice of such breach from the Company, and (b) could reasonably be expected to materially impair the ability to consummate the Restructuring in accordance with the terms of this Agreement; provided, however, that the Company may not seek to terminate this Agreement based upon a breach of this Agreement by a Supporting Noteholder arising primarily out of the Company’s own actions in breach of this Agreement; and provided, further, that so long as non-...
Company Termination. In the event Employer shall conclude, in its sole discretion, that it is no longer in the interest of the Company to continue the employment of Employee, the Employer may terminate this Agreement, and Employer shall have no further obligation to pay compensation to Employee after the effective date of termination.
Company Termination. The Company may terminate the Officer's employment during the Employment Period with or without Cause.
Company Termination. Subject to the Company’s obligations to make the payments contemplated by Section 4(d), the Term of Employment may be terminated at any time by the Company:
(i) upon the death of Executive;
(ii) in the event that because of physical or mental disability the Executive is unable to perform, and does not perform, as certified by a mutually agreeable competent medical physician, his material duties hereunder for 180 days in any continuous 210 day period;
(iii) for Cause or Material Breach; or
(iv) for any other reason not referred to in clauses (i) through (iii) including nonrenewal of the Term by the Company under Section 1 or no reason, and the Company shall not be required to specify a reason for the termination, provided that termination of the Executive’s employment by the Company shall be deemed to have occurred under this clause (iv) only if it is not for reasons described in clauses (i) through (iii) such that this Agreement, subject to the provisions of Section 4(d), shall be construed as terminable at will by the Company. Executive acknowledges that no representations or promises have been made concerning the grounds for termination or the future operation of the Company’s business, and that, except as set forth in the following sentence, nothing contained herein or otherwise stated by or on behalf of the Company modifies or amends the right of the Company to terminate Executive at any time, with or without Cause or for Material Breach. Termination shall become effective 30 days after written notice, or, if for Cause or Material Breach, upon the delivery by the Company to the Executive of written notice specifying the basis of such termination and, if for Cause or Material Breach, the specific reasons therefor.
