Common use of Payments to and Duties of Advisor Upon Termination Clause in Contracts

Payments to and Duties of Advisor Upon Termination. (i) After the termination of this Agreement, the Advisor shall not be entitled to compensation for further services provided hereunder except that it shall be entitled to receive from the Company within 30 days after the effective date of such termination all unpaid reimbursements and all earned but unpaid fees payable to the Advisor prior to termination of this Agreement. If the Company and the Advisor cannot agree on the amount of such reimbursements and fees, the parties will submit to binding arbitration. (ii) The Advisor shall promptly upon termination: (A) Deliver to the Board a full accounting, including a statement showing all payments collected by it and a statement of all money held by it, covering the period following the date of the last accounting furnished to the Board; (B) Deliver to the Board all assets and documents of the Company then in custody of the Advisor; and (C) Cooperate with the Company’s reasonable request to provide an orderly management transition.

Payments to and Duties of Advisor Upon Termination. (i) After the termination of this Agreement, the Advisor shall not be entitled to compensation for further services provided hereunder except that it shall be entitled to receive from the Company Advisee within 30 days after the effective date of such termination all unpaid reimbursements and all earned but unpaid fees payable to the Advisor prior to termination of this Agreement. If the Company Advisee and the Advisor cannot agree on the amount of such reimbursements and fees, the parties will submit to binding arbitration. (ii) The Advisor shall promptly upon termination: (A) Deliver to the Board a full accounting, including a statement showing all payments collected by it and a statement of all money held by it, covering the period following the date of the last accounting furnished to the Board; (B) Deliver to the Board all assets and documents of the Company Advisee then in custody of the Advisor; and (C) Cooperate with the CompanyAdvisee’s reasonable request to provide an orderly management transition.