Grounds for cancellation. The employer has the right to cancel an employment contract on the grounds referred to in Chapter 8, Section 1 of the Employment Contracts Act.
Grounds for cancellation. The employer may cancel an employment contract on the grounds referred to in chapter 8, section 1 of the Employment Contracts Act. The employer shall be entitled to consider an employment contract to be cancelled in accordance with chapter 8, section 3 of the Employment Contracts Act. The employer may lay off a senior salaried employee for a fixed period without observing a layoff notice period when there are grounds for terminating or cancelling the employment contract.
Grounds for cancellation. 1. The Transaction Agreement shall automatically cease to be effective upon the occurrence of any of the following events:
(1) If both of the Shareholder Parties agree in writing to terminate the Transaction Agreement;
(2) Upon termination of the Business Integration Agreement; or
(3) In the event the Transaction Agreement has been terminated pursuant to the immediately following Section.
2. The termination of the Transaction Agreement shall not affect any rights and obligations which have already accrued under the Transaction Agreement at the time of such termination or will arise after such termination on the grounds that occurred prior to such termination.
3. Notwithstanding the termination of the Transaction Agreement, this section and Sections 11 to 21 shall remain in full force and effect.
Grounds for cancellation. The LESSOR may cancel or terminate this Lease Agreement, upon the happening of any of the following events:
2.1. The LESSEE fails to pay its monthly rent when the same falls due.
2.2. The LESSEE fails to remit LESSOR'S percentage participation in the sub-lease rentals, if any, when the same falls due.
2.3. The LESSEE uses the Leased Properties for purposes other than those specified herein, without prejudice to the options available to LESSOR under Section 1, Article IV hereof.
2.4. The LESSEE violates any of the other terms and conditions of this Lease Agreement or fails to get the necessary permits from the national and/or local government units / agencies.
