Payment for Early Termination Sample Clauses

Payment for Early Termination. This contract may be terminated at any time, at the discretion of the Company and its board of directors, by payment of $500,000 (Five Hundred Thousand Dollars) to Xxxxxxxx. In the event of such early termination, Xxxxxxxx will retain (1) a position on the Company’s board of directors, and (2) all shares of the Company’s common stock and options previously issued to him.
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Payment for Early Termination. In the event this Agreement is terminated before the conclusion of the provision of the Services for any reason, ICON shall use its best efforts to reduce the cost and/or loss incurred or suffered by the CLIENT as a result of such early termination and: CLIENT shall pay: 4.3.1 a) all fees outstanding to ICON for Services provided up to the date of early termination together with all reasonable costs incurred by ICON to complete its obligations in relation to the provision of the Services,
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Payment for Early Termination. Upon termination of the Rental Agreement pursuant to Clause [13.1], any other repudiation of the Rental Agreement by the Customer which is accepted by the Supplier or pursuant to Clause [*13.5*], without prejudice to any other rights or remedies of the Supplier, the Customer shall pay to the Supplier on demand a sum equal to the whole of the Rental Payments that would (but for the termination) have been payable if the Rental Agreement had continued from the date of such demand to the end of the Rental Period, less: a discount for accelerated payment at 5 (five) per cent or the percentage rate set out in the payment schedule at Schedule 2, of the Rental Payments. the Supplier’s reasonable assessment of the market value of the Generators on sale. The Supplier agrees that any payments made pursuant to Clause 14.1 above shall be the Suppliers sole and exclusive remedy in respect of the termination which resulted in the payment of money as provided for in that Clause. If termination is caused by the Customer's breach of the Rental Agreement the Customer agrees that the amount payable above is intended to be a genuine pre‑estimate of the loss which the Supplier will have suffered as a result of such breach. Where the Customer terminates the Rental Agreement under Clauses 13.2, 13.3, 13.4, [13.5 to 13.10] (Termination) and then makes other arrangements for the supply of the Generators and/or Services, the Customer may recover from the Supplier the cost reasonably incurred of making those other arrangements and any additional expenditure incurred by the Customer. The Customer shall take reasonable steps to mitigate such additional expenditure. Where the Rental Agreement is terminated under Clauses 13.2, 13.3 or 13.4, [13.5 to 13.10] (Termination), no further payments shall be payable by the Customer to the Supplier until the Customer has established the final cost of making those other arrangements. Save as otherwise expressly provided in the Rental Agreement: termination or expiry of the Rental Agreement shall be without prejudice to any rights, remedies or obligations accrued under the Rental Agreement prior to termination or expiration and nothing in the Rental Agreement shall prejudice the right of either Party to recover any amount outstanding at the time of such termination or expiry; and termination of the Rental Agreement shall not affect the continuing rights, remedies or obligations of the Customer or the Supplier under [Clauses: 7.3 (Payment and VAT), 7...
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Payment for Early Termination. Where Clause 15.
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Payment for Early Termination 
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Related to Payment for Early Termination

  • Payment upon Early Termination (a) Within three (3) calendar days after an Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Party an amount equal to the Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate Taxpayer.

  • Early Termination In the absence of any material breach of this Agreement, should the Trust elect to terminate this Agreement prior to the end of the term, the Trust agrees to pay the following fees: a. all monthly fees through the life of the contract, including the rebate of any negotiated discounts; b. all fees associated with converting services to successor service provider; c. all fees associated with any record retention and/or tax reporting obligations that may not be eliminated due to the conversion to a successor service provider; d. all out-of-pocket costs associated with a-c above.

  • Payment on Early Termination Upon termination pursuant to Section 14 (Early Termination), District shall pay Contractor as follows: (i) If District terminates this Contract for its convenience under Section 14(a) or 14(b), then District must pay Contractor for work performed before the termination date if and only if Contractor performed in accordance with this Contract. District shall not be liable for any direct, indirect, or consequential damages. Termination by District shall not constitute a waiver of any other claim District may have against Contractor. (ii) If Contractor terminates this Contract under Section 14(c) due to District’s breach, then District shall pay Contractor for work performed before the termination date if and only if Contractor performed in accordance with this Contract. (iii) If District terminates this Contract under Sections 14(c) or 14(d) due to Contractor’s breach, then District must pay Contractor for work performed before the termination date less any setoff to which District is entitled and if and only if Contractor performed such work in accordance with this Contract.

  • Early Termination Benefit If Early Termination occurs, the Bank shall distribute to the Executive the benefit described in this Section 2.2 in lieu of any other benefit under this Article.

  • Early Termination of Services Termination at any time upon 90 days’ prior written notice. Following the written notice period and coinciding with the early termination by the Recipient of any Service(s) in this Schedule, Early Termination Fees equal to 75% of the monthly cost of such terminated Services shall be charged to Recipient monthly until the earlier of (i) three (3) months after termination or (ii) the expiration of the Term of this Schedule. Recipient: Mead Johnson Nutrition (Spain) S.L. Provider: Bristol-Myers Squibb S.A. Point of Contact, Recipient: Leanne Metz Point of Contact, Provider: Loic Senechal Payment Terms: All payments due within thirty (30) days of receipt of invoice by Recipient.

  • Automatic Early Termination provision of Section 6(a) will not apply to Party A and will not apply to Party B.

  • Early Termination of Agreement This agreement may be terminated at any time upon a thirty (30) day written notice from either party, and without fault or claim for damages by either party.

  • Orderly Termination Upon termination or other expiration of this Contract, each Party shall promptly return to the other Party all papers, materials, and other properties of the other held by each for purposes of execution of the Contract. In addition, each Party will assist the other Party in orderly termination of this Contract and the transfer of all assets, tangible and intangible, as may be necessary for the orderly, non-disruptive business continuation of each Party.

  • Early Termination Fee After this contract goes into effect, if you terminate this contract for any reason, or switch your service to a different electricity generation supplier or default service supplier prior to the end of the contract term, you will be responsible for paying XOOM Energy an early termination fee in the amount of $500. This Early Termination Fee is intended not as a penalty, but simply to offset the cost of selling the unused portion of your electric power to others and estimated lost revenue that XOOM may incur from such a sale, if any, and related expenses.

  • Payments on Early Termination For the purpose of Section 6(e) of this Agreement: (i) Market Quotation will apply. (ii) The Second Method will apply.

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