Events following Termination. Upon termination of this Agreement, all sums due to PVMI pursuant to Section 1.2 and 1.3 shall become immediately payable. GROWER shall, however, pay any further royalties accruing in accordance with the provisions of Section 1.3.
Events following Termination. Upon termination of this Agreement, all sums due to PVMI pursuant to Section
Events following Termination i. The following events shall occur upon termination or cessation of your employment with the Company:
a. You shall deliver to the Company all documents, tools, plans, drawings, materials, computer, external hard drive and other properties of the Company which may be in his possession or under his control, to the person as nominated by the Company and obtain a ‘No Objection Certificate’ from all the departments of the Company upon which only you will be relieved from the Company and your account will be settled;
b. Without prejudice to any other right available under applicable law, the Company reserves the right to make reasonable deductions from your final salary payment or any other amount due to you, should you fail to return any property of the Company in your possession, or return it in a damaged state, other than due to normal wear and tear;
c. All duties of employment (express and implied) will continue during the notice period, including but without limitation, duties of fidelity, good faith and exclusive service. During this period, you may not be employed or engaged in the conduct of any activity for any third party, whether or not of a business nature;
d. You shall not make any untrue or misleading statements in relation to the Company to any person;
e. You agree to assist the Company, if required, with respect to any legal proceeding you have been involved with during your employment or which may be instituted by or against the Company in the future for which your assistance may be necessary.
f. You shall provide all assistance necessary for handover of your duties under this Agreement to any person appointed by the Company in this regard; and
g. You shall not represent yourself as a representative of the Company or its Affiliates and shall cease to hold any position held as an office-bearer, officer, director, trustee, or member of any internal or any external committees, boards of directors, or other boards, affiliations, as a representative or employee of the Company and you shall tender all necessary resignations in this regard.
h. You acknowledge and agree that you will not directly or indirectly, in any capacity or manner, make, express, transmit, speak, write, verbalize, or otherwise communicate in any way (or cause, further, assist, solicit, encourage, support or participate in any of the foregoing) any remark, comment, message, information, declaration, communication or other statement of any kind, whether verbal, in writing, electron...
Events following Termination. 1. Upon termination of this Agreement, the SaaS Provider will:
1. immediately stop performing the Services;
2. immediately stop placing orders for supplies or services required in connection with the performance of the Services; and
3. promptly return to the Customer or destroy all property, including Confidential Information, Intellectual Property and Data in its possession that belongs to the Customer.
2. Upon termination of this Agreement, the Customer will immediately:
Events following Termination. 7.1 Subject to applicable law and the rules of any Card Scheme, for a period of two (2) weeks commencing from the date of the termination or expiry of this Agreement, Ezidebit will assist You in transferring Customer information (including Direct Debit Requests) from Ezidebit’s systems to Your replacement service provider. Ezidebit will have no further obligations under this clause following the expiry of this two (2) week period in respect of the matter set out in this clause.
7.2 Within a reasonable time period following the termination or expiry of this Agreement, Ezidebit will:
7.2.1 deduct all outstanding Service Fees or other amounts owed by You to Ezidebit from the funds held by Ezidebit on Your behalf in the Settlement Bank Account or from Your nominated external bank account; and
7.2.2 pay to You the balance of the funds held by Ezidebit on Your behalf.
Events following Termination. On expiry or termination of this agreement, the supplier will return all hard copies of any confidential information, and all other items of the customer’s property. Final accounts shall be prepared and settled. The expiry or termination of this agreement for any reason will be without prejudice to any rights or liabilities of the parties which have accrued prior to the date of expiry or termination.
Events following Termination. The expiry or termination of this agreement for any reason will be without prejudice to any rights or liabilities which have accrued prior to the date of expiry or termination.
Events following Termination. (a) Upon the expiration or termination of this Agreement by either party, the following shall occur:
(i) All rights, licenses, and privileges granted to JMG under this Agreement shall immediately cease and terminate;
(ii) JMG shall discontinue the use of the Product Marks;
(iii) After repayment of, or set aside for, any and all unaffiliated third-party indebtedness, including current liabilities such as accounts payable, JMG shall make a distribution, pay a dividend or otherwise deliver to Supplier a payment equal to thirty percent of the enterprise value of JMG; and
(iv) Supplier shall purchase any and all of the Products and all other material bearing the trademark, then owned by JMG at its per unit value (excluding handling charges such as freight, insurance and customs duties).
(b) Any indebtedness of either party to the other not already due shall become immediately due and payable as of the effective date of termination of this Agreement. In no event shall either party be liable for any debts of the other party to its customers or its other creditors.
(c) The Supplier acknowledges that JMG will be engaged in the marketing and sales of its products. In order to encourage and further compensate JMG and to obtain maximal efforts, the Supplier agrees that it shall pay a sum equal to two and one-half (2.5) times the gross profit for the 12 month period immediately preceding the date of termination as compensation for termination of JMG other than pursuant to Section 11(a) above. The gross annual profit will consist of all sales recorded over and above the current annual revenues attained by Supplier in the immediate twelve months prior to the execution of this Agreement. This compensation to JMG will only become an obligation of the Supplier in the event of (i) a funding of JMG totaling three million five hundred thousand dollars ($3,500,000), or (ii) sale of the Jak brand. The compensation shall not be in lieu of any of the other rights and remedies that JMG may be legally entitled.
Events following Termination. 1) On expiry or termination of this Agreement, the parties will return all hard copies of any Confidential Information and all other items of the parties’ property. Final accounts shall be prepared and settled. Any offer contained in any outstanding purchase order that has not been accepted or deemed accepted prior to such termination shall be automatically revoked upon such termination. Any authorisation given by one party to the other shall be automatically revoked upon such termination and become invalid and void immediately.
2) The expiry or termination of this Agreement for any reason will be without prejudice to any rights or liabilities of the parties which have accrued prior to the date of expiry or termination.
3) The Customer agrees that expiry or termination of this Agreement for any reason gives no rights to the Customer for refund of money for the relevant service period during which the date of expiry or termination of this Agreement occurs.
4) All trademarks, trade names, patents, copyrights, designs, drawings, formulas or other data, photographs, samples, literature, and sales aids of every kind shall remain the property of the Service Provider. Within thirty days after the termination of this Agreement, the Customer shall prepare all such items in its possession for shipment, as the Service Provider may direct. The Customer shall not make or retain any copies of any confidential items or information which may have been entrusted to it. Effective upon the termination of this Agreement, the Customer shall cease to use all trademarks, marks, and trade names of the Service Provider.
Events following Termination. 11.1 On termination of this agreement for any reason:
(a) STB shall immediately cease provision of the Consolidated Services, save for any Gas and/or Electric, which the Client will continue to be responsible to STB for until the expiry of the relevant Term;
(b) each party shall return and make no further use of any equipment, property, materials and other items (and all copies of them) belonging to the other party; and
(c) STB shall obtain a final invoice of the Utility Charges from each Utility Provider which will show any outstanding charges due and payable to any such Utility Provider in respect of each Client Site (save in respect of any Gas and/or Electric which is to continue) together with any early cancellation fees or other administrative fees which a Utility Provider may seek to charge and STB shall submit a consolidated statement of all such invoices to the Client within 6 weeks of receiving such invoices from the relevant Utility Providers (Final Statement).
11.2 Where the Final Statement shows that:
(a) the Client is in credit, STB shall pay to the Client such amount of credit as is shown on the Final Statement to such bank account as the Client shall notify STB in writing; or
(b) STB requires additional sums to discharge any outstanding Utility Charges, the Client shall pay to STB such additional sums immediately upon demand following which STB will apply such sums to discharge the Client’s liability to the relevant Utility Providers.
11.3 This clause 10 shall survive termination of this agreement until such time as all payments due and owing pursuant to the Final Statement have been paid in full.
11.4 For the avoidance of doubt any certificate or determination issued by us to you, shall (in the absence of manifest error) be conclusive evidence of the matter to which it relates.
