Common use of Duration Termination and Default Clause in Contracts

Duration Termination and Default. 3.1 The term of this Agreement will commence on the Effective Date (February 1st 2012) ending February 1st 2014. Ongoing work past the term ending July 1st 2012 will adhere to this agreement as outlined. 3.2 Notwithstanding Section 3.1, this Agreement may be terminated at any time. (a) by the Company at any time by giving the Consultant written notice of such termination at least thirty (30) days prior to the termination date set forth in such written notice; (b) by the Consultant at any time by giving the Company written notice of such termination at least thirty (30) days prior to the termination date set forth in such written notice; (c) by the Company upon the death of the Consultant; (d) by the Company, without notice or payment in lieu of notice, immediately upon the occurrence of any of the following events: (i) the Consultant filing a voluntary petition in bankruptcy, or is adjudicated as bankrupt or insolvent, (ii) the Consultant being convicted of a criminal offence, (iii) the Consultant committing any fraudulent, dishonest or grossly negligent act or any wilful malfeasance in connection with the performance of the Services, (iv) the Consultant failing to perform any of the Services in the manner or within the time required herein, or committing or permitting a breach of, or default in, any of his duties or obligations hereunder, and failing to cure such breach within a period of fourteen (14) days after provision of written notice of such failure to perform, breach or default by the Company, or (v) the Company, acting reasonably, determining that the Consultant has acted or is acting in a manner detrimental to the Company, or has violated the confidentiality of any Confidential Information as provided for in this Agreement. 3.3 Upon termination of this Agreement, the Consultant shall promptly deliver the following in accordance with the directions of the Company: (a) a final accounting; and (b) all documents pertaining to the Company or this Agreement, including but not limited to, all books of account, correspondence and contracts. 3.4 The Consultant shall not, at any time after the termination of this Agreement, represent himself as being in any way connected with or interested in the business of the Company.

Duration Termination and Default. 3.1 7.1 The term of this Agreement will commence on the Effective Date and will continue for a term of one (February 1st 20121) ending February 1st 2014. Ongoing work past year from the Effective Date, unless terminated earlier as provided for herein (the “Term”). 7.2 On the first anniversary of the Effective Date and on each anniversary date thereafter, the term ending July 1st 2012 of this Agreement will adhere automatically be extended by one (1) additional year unless either Party gives thirty (30) days’ written notice to the other Party of its intention not to renew this agreement as outlinedAgreement. 3.2 7.3 Notwithstanding Section 3.17.1, this Agreement may be terminated at any time.before its expiry: (a) by the Company at any time by giving the Consultant written notice of such termination at least thirty (30) days prior to the termination date set forth in such written notice; (b) by the Consultant at any time by giving the Company written notice of such termination at least thirty (30) days prior to the termination date set forth in such written notice; (c) by the Company upon the death occurrence of the Consultant; (d) any default by the Company, without Consultant by giving written notice or payment in lieu to the Consultant specifying the nature of notice, immediately upon such default. A default shall be defined as the occurrence of any one or more of the following eventsfollowing: (i) the Consultant filing files a voluntary petition in bankruptcy, or is adjudicated as bankrupt or insolvent, (ii) the Consultant being has been convicted of a criminal offence, (iii) the Consultant committing has committed any fraudulent, dishonest or grossly negligent act or any wilful malfeasance in connection with the performance of the Services, (iv) the Consultant failing fails to perform any of the Services in the manner or within the time required herein, herein or committing commits or permitting permits a breach of, of or default in, in any of his duties or obligations hereunder, and failing to cure such breach within a period of fourteen (14) days after provision of written notice of such failure to perform, breach or default by the Company, or (v) the Company, acting reasonably, determining determines that the Consultant has acted or is acting in a manner detrimental to the Company, or has violated the confidentiality of any Confidential Information information as provided for in this Agreement. 3.3 7.4 Upon the termination of this AgreementAgreement for whatever reason, the Consultant shall promptly deliver upon the following in accordance with the directions request of the Company: (a) a final accounting; and (b) Company resign, without claim for compensation, as an officer of the Company and from all documents pertaining to offices held by him in the Company or this Agreement, including but not limited to, all books of account, correspondence any affiliated company and contracts. 3.4 The Consultant shall not, at any time after the termination of this Agreement, represent himself as being in any way connected with or interested in the business event of his failure to do so, the CompanyCompany hereby irrevocably authorized to appoint some person in his name and on his behalf to execute any documents to do all things required to give effect thereto.

Duration Termination and Default. 3.1 7.1 The term of this Agreement will commence on the Effective Date and will continue for a term of five (February 1st 20125) ending February 1st 2014. Ongoing work past years from the Effective Date, unless terminated earlier as provided for herein (the “Term”). 7.2 On the first anniversary of the Effective Date and on each anniversary date thereafter, the term ending July 1st 2012 of this Agreement will adhere automatically be extended by one (1) additional year unless either Party gives thirty (30) days’ written notice to the other Party of its intention not to renew this agreement as outlinedAgreement. 3.2 7.3 Notwithstanding Section 3.17.1, this Agreement may be terminated at any time.before its expiry: (a) by the Company at any time by giving the Consultant written notice of such termination at least thirty (30) days prior to the termination date set forth in such written notice; (b) by the Consultant at any time by giving the Company written notice of such termination at least thirty (30) days prior to the termination date set forth in such written notice; (c) by the Company upon the death occurrence of the Consultant; (d) any default by the Company, without Consultant by giving written notice or payment in lieu to the Consultant specifying the nature of notice, immediately upon such default. A default shall be defined as the occurrence of any one or more of the following eventsfollowing: (i) the Consultant filing files a voluntary petition in bankruptcy, or is adjudicated as bankrupt or insolvent, (ii) the Consultant being has been convicted of a criminal offence, (iii) the Consultant committing has committed any fraudulent, dishonest or grossly negligent act or any wilful malfeasance in connection with the performance of the Services, (iv) the Consultant failing fails to perform any of the Services in the manner or within the time required herein, herein or committing commits or permitting permits a breach of, of or default in, in any of his duties or obligations hereunder, and failing to cure such breach within a period of fourteen (14) days after provision of written notice of such failure to perform, breach or default by the Company, or (v) the Company, acting reasonably, determining determines that the Consultant has acted or is acting in a manner detrimental to the Company, or has violated the confidentiality of any Confidential Information information as provided for in this Agreement. 3.3 7.4 Upon the termination of this AgreementAgreement for whatever reason, the Consultant shall promptly deliver upon the following in accordance with the directions request of the Company: (a) Company resign, without claim for compensation, as a final accounting; and (b) director and/or officer of the Company and from all documents pertaining to offices held by him in the Company or this Agreement, including but not limited to, all books of account, correspondence any affiliated company and contracts. 3.4 The Consultant shall not, at any time after the termination of this Agreement, represent himself as being in any way connected with or interested in the business event of his failure to do so, the CompanyCompany hereby irrevocably authorized to appoint some person in his name and on his behalf to execute any documents to do all things required to give effect thereto.

Duration Termination and Default. 3.1 The term Term of this Agreement will commence on the Effective Date (February 1st 2012____________, 20___) ending February 1st 2014. Ongoing work past the term ending July 1st 2012 will adhere to this agreement as outlinedfor a 2-year term. 3.2 Notwithstanding Section 3.1, this Agreement may be terminated at any time. (a) by the Company at any time by giving the Consultant written notice of such termination at least thirty (30) days prior to the termination date set forth in such written notice; (b) by the Consultant at any time by giving the Company written notice of such termination at least thirty (30) days prior to the termination date set forth in such written notice; (c) by the Company upon the death of the Consultant; (d) by the Company, without notice or payment in lieu of notice, immediately upon the occurrence of any of the following events: (i) the Consultant filing a voluntary petition in bankruptcy, or is adjudicated as bankrupt or insolvent,; (ii) the Consultant being convicted of a criminal offence,; (iii) the Consultant committing any fraudulent, dishonest or grossly negligent act or any wilful malfeasance in connection with the performance of the Services,; (iv) the Consultant failing to perform any of the Services in the manner or within the time required herein, or committing or permitting a breach of, or default in, any of his duties or obligations hereunder, and failing to cure such breach within a period of fourteen (14) days after provision of written notice of such failure to perform, breach or default by the Company, ; or (v) the Company, acting reasonably, determining that the Consultant has acted or is acting in a manner detrimental to the Company, or has violated the confidentiality of any Confidential Information as provided for in m this Agreement. 3.3 Upon termination of this Agreement, the Consultant shall promptly deliver the following in accordance with the directions of the Company: (a) a final accounting; and (b) all documents pertaining to the Company or this Agreement, including but not limited to, all books of account, correspondence and contracts. 3.4 The Consultant shall not, at any time after the termination of this Agreement, represent himself as being in any way connected with or interested in the business of the Company.