Payment in Case of Termination Sample Clauses

Payment in Case of Termination. 10.5.1 If the Agreement is terminated by COMPASS pursuant to Paragraph 10.1, the CONTRACTOR’s compensation shall, at COMPASS' option, be calculated on the basis of services actually performed and expenses actually incurred prior to the effective termination date and reduced by all costs and damages incurred by COMPASS as a result of the default of the CONTRACTOR.
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Payment in Case of Termination. 5.3.1 If the Contract For Professional Services is terminated by the Owner pursuant to Paragraph 5.1, no further payment shall be made to the Professional until completion of the Project. At such time, the Professional’s compensation shall, at the Owner's option, be calculated (i) subject to the last sentence of this subparagraph, on the basis of services actually performed and expenses actually incurred prior to the effective termination date; or (ii) on the basis of the payment terms set forth elsewhere herein. In either case, the Professional’s compensation shall be reduced by all costs and damages incurred by the Owner as a result of the default of the Professional.

Related to Payment in Case of Termination

  • Effective Date of Termination Executive’s employment will terminate on the 30th day after Executive gives written notice to the Company stating that Executive is resigning his employment with the Company for any reason other than Good Reason, unless the Company waives in writing all or part of this notice period (in which case the termination of employment is effective as of the date of the waiver).

  • Notification of Termination 22.3.2.1 Upon the occurrence at District's sole determination of any of the above conditions, or upon Developer’s failure to perform any material covenant, condition or agreement in this Facilities Lease, District may, without prejudice to any other right or remedy, serve written notice upon Developer and its Surety of District's termination of this Facilities Lease and/or Developer’s right to perform the Work of this Facilities Lease. This notice will contain the reasons for termination.

  • Term Termination 8.1 This Agreement shall be effective as of the date hereof and shall continue in force until terminated in accordance with the provisions herein.

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