Company’s Right to Terminate; Termination Fee Sample Clauses

Company’s Right to Terminate; Termination Fee. (a) Between the date of this Agreement and the Closing, the Company shall have the right, exercisable by it on one occasion only and upon prior written notice to the Purchaser delivered at least 30 days prior to the Closing Date (the “Termination Notice”), to terminate this Agreement for any reason or no reason, in the Company’s sole and absolute discretion; provided, however, that in the event the Company exercises its right to terminate this Agreement pursuant to this Section 3.2, the Company shall pay to the Purchaser, as liquidated damages and not as a penalty or forfeiture, the amount of $1,000,000 (the “Termination Fee”) by wire transfer of immediately available funds for the account of the Purchaser to an account to be specified by the Purchaser in writing on the date of this Agreement, on the date of delivery of the Termination Notice. A Termination Notice delivered by the Company to the Purchaser pursuant to this Section 3.2 shall be irrevocable.
Sample 1
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Related to Company’s Right to Terminate; Termination Fee

  • Company’s Right to Terminate Notwithstanding the provisions of Section 3.1, Company shall have the right to terminate Executive’s employment under this Agreement at any time for any of the following reasons:

  • Executive’s Right to Terminate Notwithstanding the provisions of paragraph 2.1, Executive shall have the right to terminate his employment under this Agreement for any of the following reasons:

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

  • Company’s Right to Terminate Employee’s Employment for Cause The Company shall have the right to terminate Employee’s employment hereunder at any time for “Cause.” For purposes of this Agreement, “Cause” shall mean:

  • Right to Terminate Employment No provision of this Agreement shall limit in any way whatsoever any right that the Company or a Subsidiary may otherwise have to terminate the employment of the Grantee at any time. Nothing herein shall be deemed to create a contract or a right to employment with respect to the Grantee.

  • Right to Terminate Notwithstanding anything to the contrary set forth in this Agreement, this Agreement may be terminated and the transactions contemplated herein abandoned at any time prior to the Closing:

  • Company’s Right to Terminate for Convenience The Company shall have the right to terminate Employee’s employment for convenience at any time and for any reason, or no reason at all, upon written notice to Employee.

  • Reservation of Right to Terminate Relationship Nothing contained in this Agreement shall restrict the right of the Company to terminate the relationship of the Optionee at any time, with or without cause. The termination of the relationship of the Optionee by the Company, regardless of the reason therefor, shall have the results provided for in Sections 3 and 4 of this Agreement.

  • Employee’s Right to Terminate for Good Reason Employee shall have the right to terminate Employee’s employment with the Company at any time for “Good Reason.” For purposes of this Agreement, “Good Reason” shall mean:

  • Right to Terminate Agreement This Agreement may be terminated prior to the Closing:

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