Effect of Expiration or Termination of the Option Sample Clauses

Effect of Expiration or Termination of the Option. If GEHC does not (i) exercise the Option during the Option Term by providing the Option Exercise Notice to LMI; (ii) initiate the “baseball” arbitration process set forth in Section 13.4 (Baseball Arbitration) to determine those non-financial terms and conditions on which the Parties have failed to agree within *** after receipt of the valuation firm’s determination of, or the Parties’ agreement with respect to, the financial terms; or (iii) require LMI to enter into an Ex-Field License on the terms determined by baseball arbitration within *** of receipt of the arbitration determination, then, in each case ((i) – (iii)), LMI will be free to grant rights to the Licensed Product to one or more Third Parties in a manner consistent with Section 3.10.5 (GEHC Right of First Offer) and Applicable Law.
Sample 1
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Related to Effect of Expiration or Termination of the Option

  • Effect of Expiration or Termination Upon the expiration or termination of this Agreement for any reason:

  • Effect of Expiration or Termination; Survival Expiration or termination of this Agreement shall not relieve the Parties of any obligation accruing prior to such expiration or termination. Any expiration or termination of this Agreement shall be without prejudice to the rights of either Party against the other accrued or accruing under this Agreement prior to expiration or termination. The provisions of Article 4 shall survive the expiration or termination of this Agreement and shall continue in effect for ten (10) years after the date of a particular disclosure of Information. In addition, the provisions of Section 5.4 and Articles 1, 4, 6, 7, 8, and 9 (except for Section 9.2) shall survive any expiration or termination of this Agreement.

  • Effects of Expiration or Termination Upon expiration or termination of this Agreement for any reason:

  • Consequences of Expiration or Termination All of the following effects of expiration or termination, as applicable, are in addition to the other rights and remedies that may be available to the Parties at law or in equity.

  • Effect of Expiration and Termination Expiration or termination of this Agreement shall not relieve the parties of any obligation accruing prior to such expiration or termination. The provisions of Articles 2, 5, 8, and Sections 3.8.1, 3.12, 7.4 and 9.11 shall survive the expiration or termination of this Agreement.

  • Effect of Expiration After the expiration of the Term pursuant to Section 12.1.1 above, the following terms shall apply:

  • Effect of Termination or Expiration The termination or expiration of this Agreement shall not:

  • Amendment or Termination of Agreement This Agreement may be changed or terminated only upon the mutual written consent of the Company and Executive. The written consent of the Company to a change or termination of this Agreement must be signed by an executive officer of the Company after such change or termination has been approved by the Board.

  • Effect of Amendment or Termination No amendment, alteration, suspension or termination of the Plan shall impair the rights of any Participant, unless mutually agreed otherwise between the Participant and the Administrator, which agreement must be in writing and signed by the Participant and the Company. Termination of the Plan shall not affect the Administrator’s ability to exercise the powers granted to it hereunder with respect to Awards granted under the Plan prior to the date of such termination.

  • Effect of Termination of Service Except as otherwise provided in accordance with Section 4(b) above, if you cease to be a Service Provider, you will forfeit all unvested Units.

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