Elective Termination. Customer acknowledges, agrees and covenants that Customer is responsible for full payment of the services for the entire Term regardless of the portion of the services actually consumed. Customer may at its option, terminate any Service Order Form by submitting to UnitedLayer at xxxxxxx@xxxxxxxxxxx.xxx sixty (60) days prior written notice of termination of such Service Order Form and payment to UnitedLayer, by way of liquidated damages and not a penalty, of an amount equal to the aggregate MRC that would have been paid over the remainder of the then term (as the same may have been extended under Section 6.1) for such Service Order Form. (e.g. if Customer terminates a Service Order Form fourteen months into a two year term for any reason other than an Event of Default by UnitedLayer, Customer shall pay to UnitedLayer a termination fee equal to the balance of all MRC for the remaining 10 months of the term).
Elective Termination. MorphoSys shall have the right, in its sole discretion, to terminate this Agreement in its entirety, by providing not less than ninety (90) days prior written notice of such termination to Xencor.
Elective Termination. Portola shall have, at any time, the right to terminate this Agreement at will in its entirety upon [*] prior written notice to Millennium.
Elective Termination i. If Employee's employment is terminated by the Company pursuant to Section 4.d., the Company shall pay to Employee the salary and benefits (but not incentive compensation) otherwise payable to him under Section 3 for a period of six months from the last day of his actual employment by the Company.
Elective Termination. (a) Licensee has, at any time, the right to terminate this Agreement at will in its entirety upon [***] prior written notice to Licensor, if such notice is given prior to the Qualified Financing Date, or upon [***] prior written notice to Licensor, if such notice is given on or after the Qualified Financing Date. Notwithstanding the foregoing, any such notice of termination of this Agreement shall (i) result in Licensor being able to exercise its right to purchase Series A Preferred Stock pursuant to Section 3.3(b) even if the Qualified Financing Date has not occurred, and (ii) not in any way prevent Licensor from exercising or receiving any of its rights under Sections 3.3(a), 3.3(b), 3.3(c) or 3.3(d) prior to the effective date of any such termination, and Licensor shall carry out the provisions of this Agreement in order to protect the exercise of any rights of Licensor hereunder. If Licensee is terminating this Agreement pursuant to this Section 9.2(a) on account of a Safety Determination, the applicable notice of termination shall explicitly state that such termination is on account of a Safety Determination.
Elective Termination. At any time that UBS AG has failed to meet its obligations under paragraph (xxii) above, then on or prior to any Early Termination Date relating to any Additional Termination Event, UBS AG may elect to designate a date as an Early Termination Date (an “Elective Termination Date”), and the termination payment for this Transaction shall be calculated and paid under the terms of Section 6 of the ISDA Master Agreement as if a Termination Event had occurred, the Elective Termination Date is the Early Termination Date and UBS AG is the sole Affected Party.
Elective Termination. Alnylam shall have, at any time after the expiration of the Research Term, the right to terminate this Agreement and/or the Alnylam Sublicense upon thirty (30) days prior written notice to UBC and AlCana, provided that if at any time following such termination Alnylam or its Related Parties continue to develop and sell Licensed Products then the terms of Section 8.4 (Compensation) shall survive such termination and shall continue to apply during the applicable Royalty Term, and provided further that nothing in this Section 10.5 shall by implication or otherwise be construed as granting any right or license to Alnylam to continue to develop and sell Licensed Products after termination of this Agreement.
Elective Termination. Either Party may terminate this Agreement or a License(s) by giving the other Party at least six (6) months prior written notice.
Elective Termination. Executive may voluntarily terminate his employment with the Company at any time during the Term upon ninety (90) days prior written notice. Executive’s employment with the Company and all of his rights to Salary, Annual Bonus and Benefits hereunder shall automatically terminate on the ninetieth (90th) day after Notice of Termination is given by Executive to the Company pursuant to this Section 4.2.5. Except for reimbursement of documented, unreimbursed expenses incurred prior to the Date of Termination and the payment of any earned but unpaid portion of Executive’s Salary and Benefits up to the Date of Termination, the Company shall have no further obligation or liability to Executive under this Agreement upon a termination of employment by Executive pursuant to this Section 4.2.5. Notwithstanding the provisions of this Section 4.2.5, the Company may elect in its sole discretion to permit the termination of Executive’s employment in advance of such ninetieth (90th) day after Notice of Termination is given; provided that Executive’s right to Salary, Annual Bonus and Benefits hereunder shall automatically terminate on such earlier date of termination.
Elective Termination. Beginning on the sixty- first (61st) day following the Effective Date, CIN LEGAL may terminate this Agreement at any time and for any reason or no reason by giving you a 60-day advance written notice of intent to terminate.
