Common use of Immediate Termination Events Clause in Contracts

Immediate Termination Events. The Chapter shall be known as the Chapter of US Lacrosse, a regional Chapter of US Lacrosse. This name shall be used only in connection with the Chapter's operations provided for hereunder. Notwithstanding anything to the contrary contained herein, the parties agree that in the event the Chapter or any person, firm or entity acting on behalf of the Chapter takes or fails to take any action that US Lacrosse determines, in its sole and absolute discretion, could adversely affect or bring public disgrace or disrepute to US Lacrosse (an “Immediate Chapter Termination Event”), US Lacrosse shall have the right, but not the obligation, without prejudice to any other rights, remedies or prerogatives it might have hereunder or at law or in equity, immediately to suspend any benefits or other incidents of chapter status on such terms and conditions as US Lacrosse may specify, or to cancel and terminate this Agreement and all rights granted to the Chapter hereunder. In addition, in the event that any officer, director, agent or employee of the Chapter is acting, has acted, or fails to act in a manner that US Lacrosse determines, in its sole and absolute discretion, is inconsistent with the mission, goals, purposes or code of ethics/conduct of US Lacrosse and/or the Chapter (an “Immediate Individual Termination Event”), US Lacrosse shall have the right but not the obligation, without prejudice to any other rights, remedies or prerogatives it might have hereunder or at law or in equity immediately to suspend or remove or cause the Chapter to suspend or remove such person from his or her position with the Chapter, and, as applicable, to bar such person from further involvement with the Chapter in whole or part either on a temporary or precautionary basis or permanently, as the case may be. The Chapter’s failure to address the request of US Lacrosse when an Immediate Individual Termination Event occurs may be deemed to be an Immediate Chapter Termination Event.

Immediate Termination Events. The Chapter shall be known as the Chapter of US USA Lacrosse, a regional Chapter of US USA Lacrosse. This name shall be used only in connection with the Chapter's operations provided for hereunder. Notwithstanding anything to the contrary contained herein, the parties agree that in the event the Chapter or any person, firm or entity acting on behalf of the Chapter takes or fails to take any action that US USA Lacrosse determines, in its sole and absolute discretion, could adversely affect or bring public disgrace or disrepute to US USA Lacrosse (an “Immediate Chapter Termination Event”), US USA Lacrosse shall have the right, but not the obligation, without prejudice to any other rights, remedies or prerogatives it might have hereunder or at law or in equity, immediately to suspend any benefits or other incidents of chapter status on such terms and conditions as US USA Lacrosse may specify, or to cancel and terminate this Agreement and all rights granted to the Chapter hereunder. In addition, in the event that any officer, director, agent or employee of the Chapter is acting, has acted, or fails to act in a manner that US USA Lacrosse determines, in its sole and absolute discretion, is inconsistent with the mission, goals, purposes or code of ethics/conduct of US USA Lacrosse and/or the Chapter (an “Immediate Individual Termination Event”), US USA Lacrosse shall have the right but not the obligation, without prejudice to any other rights, remedies or prerogatives it might have hereunder or at law or in equity immediately to suspend or remove or cause the Chapter to suspend or remove such person from his or her position with the Chapter, and, as applicable, to bar such person from further involvement with the Chapter in whole or part either on a temporary or precautionary basis or permanently, as the case may be. The Chapter’s failure to address the request of US USA Lacrosse when an Immediate Individual Termination Event occurs may be deemed to be an Immediate Chapter Termination Event.