Common use of Discontinuance of Business Clause in Contracts

Discontinuance of Business. If COMPANY discontinues operating its business, this Agreement shall terminate as of the last day of the month on which COMPANY ceases its entire operations with the same effect as if that last date were originally established as termination date of this Agreement.

Appears in 29 contracts

Samples: Employment Agreement, Employment Agreement (Mentor Corp /Mn/), Employment Agreement (Mentor Corp /Mn/)

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Discontinuance of Business. If COMPANY In the event that the Company discontinues operating its business, this Agreement shall terminate as of the last day of the month on which COMPANY the Company ceases its entire operations operation with the same force and effect as if that such last date day of the month were originally established set as the termination date of this Agreementhereof.

Appears in 3 contracts

Samples: Employment Agreement (Funds America Finance Corp), Employment Agreement (Funds America Finance Corp), Employment Agreement (Funds America Finance Corp)

Discontinuance of Business. If COMPANY Company discontinues operating its businessbusiness in any substantial respect, then this Agreement shall terminate as of the last day of the month on which COMPANY Company ceases its entire such operations with the same effect as if that last date were originally established as the termination date of this Agreement.

Appears in 3 contracts

Samples: Executive Employment Agreement (Superior Industries International Inc), Executive Employment Agreement (Superior Industries International Inc), Executive Employment Agreement (Superior Industries International Inc)

Discontinuance of Business. If COMPANY In the event that Puget discontinues operating its business, this Agreement shall will terminate as of the last day of the month on which COMPANY it ceases its entire operations operation with the same force and effect as if that such last date day of the month were originally established set as the termination date hereof; provided, however, that a reorganization of this AgreementPuget will not be deemed a termination of their respective business.

Appears in 3 contracts

Samples: Senior Executive Employment Agreement (Puget Technologies, Inc.), Employment Agreement (Puget Technologies, Inc.), Employment Agreement (Puget Technologies, Inc.)

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Discontinuance of Business. If COMPANY In the event that Puget discontinues operating its business, this Agreement shall terminate as of the last day of the month on which COMPANY it ceases its entire operations operation with the same force and effect as if that such last date day of the month were originally established set as the termination date hereof; provided, however, that a reorganization of this AgreementPuget shall not be deemed a termination of their respective business.

Appears in 1 contract

Samples: Employment Agreement (Puget Technologies, Inc.)

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