Common use of Failure to Meet Performance Objectives Clause in Contracts

Failure to Meet Performance Objectives. Each Party may terminate the other Party's distributor appointment and distribution rights under this Agreement upon thirty (30) days prior written notice in the event that the other Party fails to satisfy the Performance Objectives provided for in Section 10.2 above. In this case, this Agreement will continue in full force and effect as a one-sided distribution agreement except that if both Parties terminate each other's appointment as mentioned the above, this Agreement will immediately terminate upon the later of the termination dates of both parties' appointments hereunder.

Failure to Meet Performance Objectives. Each Party may terminate the other Party's ’s distributor appointment and distribution rights under this Agreement upon thirty (30) days prior written notice in the event that the other Party fails to satisfy the Performance Objectives provided for in Section 10.2 above. In this case, this Agreement will continue in full force and effect as a one-sided distribution agreement except that if both Parties terminate each other's ’s appointment as mentioned the above, this Agreement will immediately terminate upon the later of the termination dates of both parties' ’ appointments hereunder.

Failure to Meet Performance Objectives. Each Party may terminate the other Party's distributor appointment and distribution rights under this Agreement upon thirty (30) days prior written notice in the event that the other Party fails to satisfy the Performance Objectives provided for in Section 10.2 above. In this case, this Agreement will continue in full force and effect as a one-sided distribution agreement except that if both Parties terminate each other's appointment as mentioned the above, this Agreement will immediately terminate upon the later of the termination dates of both parties' appointments hereunder...