Common use of Default and Termination of the Agreement Clause in Contracts

Default and Termination of the Agreement. 1. This Agreement may be suspended or terminated by Epicure upon simple notice in writing in the following cases: i. The Independent Epicure Consultant is declared bankrupt or insolvent, any assignment of his property is made, or he is placed under protective supervision; ii. The Independent Epicure Consultant becomes physically disabled to such an extent as to make him unable to perform as an Independent Epicure Consultant morally and adequately for a period of at least eight (8) consecutive months or a cumulative period of twelve (12) months during a total period of twenty-four (24) months; iii. The Independent Epicure Consultant regularly does not reach the minimal sales objectives as may be fixed from time to time by Epicure; iv. The Independent Epicure Consultant breaches his covenant contained in this Agreement or any policy contained in the Independent Epicure Consultant Business Guide. 2. If this Agreement is terminated or if the Independent Epicure Consultant voluntarily terminates this Agreement, the Independent Epicure Consultant acknowledges and agrees to forfeit all bonus compensation (as described in the Independent Epicure Consultant Business Guide) to which the Independent Epicure Consultant is entitled, but has not yet received, up to the time of Termination or resignation. If the Independent Epicure Consultant rejoins Epicure, he acknowledges and agrees that this bonus compensation will not be reinstated. If the Independent Epicure Consultant voluntarily terminates the agreement and wishes to re-join under another sponsor, the Independent Epicure Consultant further acknowledges and agrees that he will be required to wait for a period of one year from the date of his Termination prior to filing a new application. 3. The Independent Epicure Consultant is entitled to cancel this Agreement at any time and for any reason upon 60 days’ notice in writing to Epicure. 4. In any event where the present Agreement is terminated, the Independent Epicure Consultant hereby declares and acknowledges that under his status of Independent Epicure Consultant, he shall not be compensated in any way for the termination of the present Agreement.

Default and Termination of the Agreement. 1. This Agreement may be suspended or terminated by Epicure Selections® upon simple notice in writing in the following cases: i. a) The Independent Epicure Consultant is declared bankrupt or insolvent, any assignment of his property is made, or he is placed under protective supervision; ii. b) The Independent Epicure Consultant becomes physically disabled to such an extent as to make him unable to perform as an Independent Epicure Consultant morally and adequately for a period of at least eight (8) consecutive months or a cumulative period of twelve (12) months during a total period of twenty-four (24) months; iii. c) The Independent Epicure Consultant regularly does not reach the minimal sales objectives objec- tives as may be fixed from time to time by EpicureEpicure Selections®; iv. d) The Independent Epicure Consultant breaches his covenant contained in this Agreement or any policy contained in the Independent Epicure Consultant Business Guide. 2. If this Agreement is terminated or if the Independent Epicure Consultant voluntarily volun- tarily terminates this Agreement, the Independent Epicure Consultant acknowledges acknowl- edges and agrees to forfeit all bonus compensation commissions (as described in the Independent Epicure Consultant Business Guide) to which the Independent Epicure Consultant is entitled, but has not yet received, up to the time of Termination or resignation. If the Independent Epicure Consultant rejoins Epicure, he acknowledges and agrees that this bonus compensation will not be reinstated. If the Independent Epicure Consultant voluntarily terminates the agreement and wishes to re-join under another sponsor, the Independent Epicure Consultant further acknowledges and agrees that he will be required to wait for a period of one year from the date of his Termination prior to filing a new application.Consultant 3. The Independent Epicure Consultant is entitled to cancel this Agreement at any time and for any reason upon 60 days’ notice in writing to EpicureEpicure Selections®. See Section XV below. 4. In any event where the present Agreement is terminated, the Independent Epicure Consultant hereby declares and acknowledges that under his status of Independent Epicure Consultant, he shall not be compensated in any way for the termination of the present Agreement.