Common use of EARLY TERMINATION OF CONSULTING SERVICES Clause in Contracts

EARLY TERMINATION OF CONSULTING SERVICES. In the event any of the following occurs during the Consulting Period, this Letter Agreement will terminate immediately, and, except as provided in the immediately succeeding sentence, you will not be entitled to any further payments under paragraphs B.4 or B.7: you violate any of the provisions of this Letter Agreement or the Separation and General Release referred to below; you die; you become disabled; or you fail to provide services under this Letter Agreement to the satisfaction of the Company. Of course you will be entitled to payment of amounts due pursuant to paragraphs B.4 and B.7 with respect to that portion of the quarter prior to the termination of your consulting services in an amount equal to the payment due for the quarter multiplied by a fraction, the numerator of which is the number of days in the quarter prior to the termination of your consulting services and the denominator of which is 90.

Appears in 7 contracts

Samples: Consulting Agreement (Gte Southwest Inc), Consulting Agreement (Gte Northwest Inc), Consulting Agreement (Gte North Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!