Common use of Corporation’s Right to Terminate Clause in Contracts

Corporation’s Right to Terminate. The Corporation may terminate the Consultant's engagement under this Agreement at any time upon the occurrence of any of the following events: (a) the Consultant acting unlawfully, dishonestly, in bad faith or negligently with respect to the business of the Corporation to the extent that it has a material and adverse effect on the Corporation, or acting in any way which would permit the Corporation to terminate the Agreement "for cause" at common law if the Consultant was an employee of the Corporation; (b) the conviction of the Consultant of any crime or fraud against the Corporation or its property or any felony offense or crime reasonably likely to bring discredit upon the Consultant or the Corporation; (c) the Consultant filing a voluntary petition in bankruptcy, or being adjudicated bankrupt or insolvent, or filing any petition or answer under any present or future statute or law relating to bankruptcy, insolvency or other relief for debtors; (d) a material breach or default of any term of this Agreement by the Consultant if such material breach or default has not been remedied within 30 days after written notice of the material breach or default has been delivered by the Corporation to the Consultant; (e) Xxxxxxxx Xxxxx dying or becoming permanently disabled, as determined by a competent physician chosen by the Corporation, or disabled for a period exceeding 360 consecutive days or 360 days calculated on a cumulative basis over any two year period during the term of this Agreement; (f) in accordance with subsection 7(b); or (g) at the discretion of the Corporation without cause.

Corporation’s Right to Terminate. The Corporation may terminate the ConsultantContractor's engagement under this Agreement at any time upon the occurrence of any of the following events: (a) the Consultant Contractor or any of its directors, officers or employees acting unlawfully, dishonestly, in bad faith or negligently with respect to the business of the Corporation to the extent that it has a material and adverse effect on the Corporation, or acting in any way which would permit the Corporation to terminate the Agreement "for cause" at common law if the Consultant was an employee Contractor or any of its directors, officers or employees were employees of the Corporation; (b) the conviction of the Consultant Contractor or any of its directors, officers or employees of any crime or fraud against the Corporation or its property or any felony offense or crime reasonably likely to bring discredit upon the Consultant Contractor or the Corporation; (c) the Consultant Contractor or any of its directors, officers or employees filing a voluntary petition in bankruptcy, or being adjudicated bankrupt or insolvent, or filing any petition or answer under any present or future statute or law relating to bankruptcy, insolvency or other relief for debtors; (d) a material breach or default of any term of this Agreement by the Consultant Contractor if such material breach or default has not been remedied within 30 days after written notice of the material breach or default has been delivered by the Corporation to the ConsultantContractor; (e) Xxxxxxxx Xxxxx Xxxxxx Xxxxxx dying or becoming permanently disabled, as determined by a competent physician chosen by the Corporation, or disabled for a period exceeding 360 consecutive 150 days or 360 days calculated on a cumulative basis over any two year period during the term of this Agreement; (f) in accordance with subsection 7(b); or or (g) at the discretion of the Corporation without cause.

Corporation’s Right to Terminate. The Corporation may terminate the ConsultantContractor's engagement under this Agreement at any time upon the occurrence of any of the following events: (a) the Consultant Contractor or any of its directors, officers or employees acting unlawfully, dishonestly, in bad faith or negligently with respect to the business of the Corporation to the extent that it has a material and adverse effect on the Corporation, or acting in any way which would permit the Corporation to terminate the Agreement "for cause" at common law if the Consultant was an employee Contractor or any of its directors, officers or employees were employees of the Corporation; (b) the conviction of the Consultant Contractor or any of its directors, officers or employees of any crime or fraud against the Corporation or its property or any felony offense offence or crime reasonably likely to bring discredit upon the Consultant Contractor or the Corporation; (c) the Consultant Contractor or any of its directors, officers or employees filing a voluntary petition in bankruptcy, or being adjudicated bankrupt or insolvent, or filing any petition or answer under any present or future statute or law relating to bankruptcy, insolvency or other relief for debtors; (d) a material breach or default of any term of this Agreement by the Consultant Contractor if such material breach or default has not been remedied within 30 days after written notice of the material breach or default has been delivered by the Corporation to the ConsultantContractor; (e) Xxxxxxxx Xxxxx Saxon dying or becoming permanently disabled, as determined by a competent physician chosen by the Corporation, or disabled for a period exceeding 360 consecutive days or 360 days calculated on a cumulative basis over any two year period during the term of this Agreement; (f) in accordance with subsection 7(b); or (g) at the discretion of the Corporation without cause.