EFFECT OF TERMINATION FOR SARCOR INSOLVENCY, ETC Sample Clauses

EFFECT OF TERMINATION FOR SARCOR INSOLVENCY, ETC. In addition to requirements and dispositions set forth in preceding paragraph 11.2, upon termination of this Agreement for the (i) insolvency, bankruptcy, reorganization of Sarcor or its authorized successors or assigns, (ii) insolvency, bankruptcy, reorganization of Sarcor or its authorized successors or assigns, including the transfer (by cash, credit, or stock purchase) of all or a majority of either Sarcor's total assets or that portion of Sarcor's business attributable to the Sarcor Technology to a third party, or (iii) the termination, cessation, or inability or failure to maintain the Sarcor Technology or that portion of the business associated with the Sarcor Technology, during the Term of the Agreement, by Sarcor or its authorized successors or assigns, then all of the rights granted by Sarcor to ATR hereunder shall immediately and automatically convert into worldwide, fully paid up, fully transferable, perpetual licenses.
Sample 1
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Related to EFFECT OF TERMINATION FOR SARCOR INSOLVENCY, ETC

  • Effect of Termination for Cause If Employee's employment is terminated "For Cause":

  • Effect of Termination Upon termination of this Agreement:

  • Effect of Termination of Agreement The provisions of Section 4.00 will survive any termination of this Agreement and the existence of any claim or cause of action by the Executive against the Company or any Group Member, whether predicated on this Agreement or otherwise, will not constitute a defense to the enforcement by the Group, the Company or any other Group Member of the covenants and agreements of this Section 4.00; provided, however, that this Section 4.11 will not, in and of itself, preclude the Executive from defending against the enforceability of the covenants and agreements of Section 4.00.

  • Effect of Termination; Termination Fee (a) In the event of the termination and abandonment of this Agreement pursuant to Section 10.1, the Agreement shall terminate and have no effect, except as otherwise provided herein and except that the provisions of this Section 10.2, Section 10.5 and Article 11 of this Agreement shall survive any such termination and abandonment.

  • 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.

  • Effect of Termination Without Cause If Employee's employment is terminated "Without Cause":

  • Notice of Termination; Effect of Termination Any proper termination of this Agreement under Section 7.1 will be effective immediately upon the delivery of written notice of the terminating party to the other parties hereto. In the event of the termination of this Agreement as provided in Section 7.1, this Agreement shall be of no further force or effect, except (i) as set forth in this Section 7.2, Section 7.3 and Article 8, each of which shall survive the termination of this Agreement, and (ii) nothing herein shall relieve any party from liability for any willful breach of this Agreement. No termination of this Agreement shall affect the obligations of the parties contained in the Confidentiality Agreement, all of which obligations shall survive termination of this Agreement in accordance with their terms.

  • Termination Effect of Termination 44 9.1 TERMINATION................................................44 9.2

  • Effect of Termination of Employment The provisions of this Section 6 shall apply in the event of termination of Executive’s employment, pursuant to Section 5, or otherwise.

  • Effect of Termination on Compensation In the event this Agreement is terminated prior to the completion of the Employment Period or any period of renewal, Employee shall be entitled to the compensation earned by him prior to the date of termination as provided for in this Agreement computed pro rata up to and including that date. Employee shall be entitled to no further compensation as of the date of termination.

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