Grounds for rescission. The employer may rescind an employment contract on the grounds referred to in chapter 8, section 1 of the Employment Contracts Act. Grounds for considering an employment contract dissolved The employer shall be entitled to treat an employment contract as dissolved in accordance with chapter 8, section 3 of the Employment Contracts Act. Layoff for reasons pertaining to the conduct or person of an individual salaried employee The employer may lay off a salaried employee for a fixed period without observing a period of notice on grounds upon which the employment contract could be terminated or rescinded.
Grounds for rescission. The following event shall be deemed grounds for rescission of this Agreement and the Exchange as provided herein (each a “Rescission Event”):
Grounds for rescission. (a) Each Party may rescind this Share Purchase Agreement if the closing condition under Clause 4.2 (a) are not met at all (in particular due to a required approval being denied) or have not been met by [*]. The Purchaser may rescind this Share Purchase Agreement if the closing condition under Clause 4.2 (b) is not met on the Closing Date. In case the Purchaser has after 8 calender days following the expert agreed upon in Clause 4.2 (b) has determined the lack of the closing condition under Clause 4.2 (b) neither rescinded this Share Purchase Agreement nor requested consummation of this Share Purchase Agreement, the Sellers may rescind this Share Purchase Agreement.
Grounds for rescission. Breach by the Customer of any of its obligations under this Agreement shall be cause for rescission of this Agreement and shall proceed to the cancellation of the Compliance Certification and/or Product Opinion, as the case may be, with no liability whatsoever accruing to ULM. In the event of breach, ULM will notify the Customer in writing, and if feasible, will request that such situation be corrected within the deadline established by ULM for that purpose. ULM will suspend the Compliance Certificate when, as a result of the analysis and evaluation or a Verification, is found that the Product does not satisfy the respective standards, the ULM Requirements or any of the assumptions set in the Certification schemes (modalities) of the Compliance Evaluation Policies and Procedures, and in those cases a deadline will be granted for the Customer to make the corrections and/or clarifications it deems relevant. In the event that the Customer fails to make the corrections needed to mitigate the violation as mentioned above, ULM will cancel the respective Compliance Certificate or Product Opinion and may rescind this Agreement by means of written notice, notwithstanding the applicable penalties in accordance with the Federal Metrology and Standardization Act, the Federal Consumer Protection Law, and other applicable laws. Moreover, ULM will undertake to cancel a Compliance Certification and/or Product Opinion of Modality III when: The On-Site Visit cannot be carried out because of a non-existent domicile or company and this is confirmed by ULM personnel. Because of an extension of ownership, any of the importers, distributors, or marketers misuses the Compliance Certification that has been awarded; The Customer improperly uses the Marks and/or ULM Corporate Identity; In case of piracy, counterfeit, imitation and/or violation of patents, marks or any other distinctive sign, as well as in case that any Customer’s Product violates or breach, in any way, any intelectual property right of a third party. At the express request of the Customer, subject to prior written notice. In the event that ULM decides to cancel the respective Compliance Certification in accordance with the above, ULM must notify the Customer in writing, and the Customer must immediately refrain from using the Marks and/or ULM Corporate Identity in its advertising and in the Product, and must deliver to ULM, within a maximum of 5 (five) calendar days following the notification, the original Complianc...
