Payments Upon Early Termination. In the event that the Company terminates this Agreement, all future payments of consulting fees due hereunder shall cease as of the date of such termination.
Payments Upon Early Termination. (a) If notice of termination is given pursuant to Section 10, the Seller shall pay the Buyer its Damages.
(b) The Buyer’s Damages in the event of early termination shall be the Market Quotation, if it can be determined. If it cannot be determined, the Buyer’s Damages shall be an amount in Dollars equal to the sum of the losses (including loss of bargain) that it may incur as a result of the early termination or as a result of the event that served as the ground for early termination.
(c) Payments to be made in accordance with this Section shall be made on the Early Termination Date. If the Buyer is entitled to be paid any amount in respect of its Damages in accordance with this Section, it shall submit to the Seller a statement in reasonable detail of those Damages.
Payments Upon Early Termination. Consultant shall not be entitled to any compensation upon termination of this Agreement pursuant to this Section 5 except for his compensation accrued but unpaid as of the date of such termination and unpaid expense reimbursements under Section 4 for expenses incurred in accordance with the terms hereof prior to such termination.
Payments Upon Early Termination. The prices for Services under this Agreement were determined by mutual agreement based upon certain assumed volumes of processing activity and the length of the Term of this Agreement. Customer acknowledges that without the certainty of such revenue during the remainder of the Term, EasyHRweb would have been unwilling to provide Services at the prices set forth in this Agreement. The parties agree that it would be difficult or impossible to ascertain EasyHRweb’s actual damages for a breach of this Agreement by Customer resulting in a termination of this Agreement before the end of the Term. Accordingly, in the event of a termination of this Agreement by EasyHRweb under the provisions of Section 8.1. Customer agrees to pay EasyHRweb as liquidated damages an amount equal to 60% of the greater of:
(i) the monthly Minimum System Access Fees (as set forth in Schedule 1.3), or
(ii) the monthly average of the System Access Fees invoiced to Customer by EasyHRweb during the twelve (12) monthly billing periods preceding the date of termination, multiplied by the number of months remaining in the Term of this Agreement. The parties acknowledge and agree that, after taking into account the terms of this Agreement and all relevant circumstances at the date hereof, the amount of liquidated damages payable by Customer is a reasonable and genuine estimate of the actual non-out-of-pocket damages which EasyHRweb would suffer if EasyHRweb were to fail to receive Customer's business for the remainder of the Term, and, in any event, does not constitute a penalty. Despite the foregoing, nothing in this Agreement shall limit EasyHRweb’s right to recover from Customer: (a) any amounts for which Customer is liable at the time of termination; (b) any payment under any indemnification provision of this Agreement; or (c) any incremental out-of-pocket costs incurred by EasyHRweb from the termination, such as severance costs.
Payments Upon Early Termination. (a) If notice of termination is given pursuant to Section 11, the Seller shall pay the Buyer an amount in Dollars determined pursuant to this Section 12 (the “Damages”).
(b) The Buyer’s Damages in the event of early termination shall be the Market Quotation, if it can be determined and the Unpaid Amounts owing to the Buyer in respect of this Agreement. If it cannot be determined, the Buyer’s Damages shall be an amount in Dollars equal to the sum of the losses (including loss of bargain) a determined by the Buyer that it may incur as a result of the early termination or as a result of the event that served as the ground for early termination.
(c) Payments to be made in accordance with this Section shall be made on the Early Termination Date. If the Buyer is entitled to be paid any amount in respect of its Damages in accordance with this Section, it shall submit to the Seller a statement in reasonable detail of those Damages.
Payments Upon Early Termination. Notwithstanding any other provisions in this Agreement or any stock option agreement or stock restriction agreement between Executive and Biotage to the contrary:
4.2.1. If Executive's services to Biotage terminate pursuant to Section 4.1.1. or 4.1.2., (a) all payments and benefits provided to Executive under this Agreement shall cease as of the date of termination and (b) all stock options and restricted stock in Biotage, if any, held by Executive on that date shall become immediately exercisable or vest, as the case may be, on that date.
4.2.2. If Executive's services to Biotage terminate pursuant to Section 4.1.3. or 4.1.5, (a) all payments and benefits provided Executive under this Agreement shall cease as of the date of termination of employment and (b) all further vesting on all stock options and restricted stock in Biotage, if any, held by Executive on that date shall immediately cease as of the date of termination, and thereafter, such stock options shall be exercisable and such restricted stock shall be subject to repurchase by Biotage in accordance with their respective terms.
4.2.3. If Executive's services to Biotage terminate pursuant to Section 4.l.4., (a) all payments and benefits provided to Executive under this Agreement shall continue until the date (the "Severance Date") twelve (12) months after the date of termination, (b) fifty percent (50%) of all unvested stock options and restricted stock in Biotage, if any, held by Executive on that date shall become immediately exercisable or vest, as the case may be, on that date and (c) all further vesting on all of the remaining stock options and restricted stock in Biotage, if any, held by Executive on the date of termination of employment shall immediately cease, and thereafter, such stock options shall be exercisable and such restricted stock shall be subject to repurchase by Biotage in accordance with their respective terms.
Payments Upon Early Termination. Upon the designation of an Early Termination Date pursuant to Clause 8.2 (Acceptance of Early Termination Request), Clause 8.4 (Muwakkil's right to terminate) or Clause 8.5 (Illegality) the Maturity Date with respect to the relevant Wakalah Investment Transaction shall, irrespective of other provisions of this Agreement, fall on the Early Termination Date and the Wakil shall, within two (2) Business Days of the Early Termination Date, pay the Maturity Proceeds calculated in accordance with Clause 3.4 (Payment and calculation of Maturity Proceeds) as if the Early Termination Date was the Maturity Date in relation to the relevant Wakalah Investment Transaction, provided that if the Early Termination Date has been settled pursuant to Clause 8.2 (Acceptance of Early Termination Request), the Wakil shall be entitled to retain from the Maturity Proceeds an amount which would compensate it for any actual administrative and out-of-pocket costs and expenses (excluding any opportunity cost or funding costs) which it has incurred as a result of the exercise by the Muwakkil of its right granted under Clause 8.4 (Muwakkil’s right to continue or terminate).
Payments Upon Early Termination. (a) Notwithstanding anything in this Agreement to the contrary, the fees, costs and expenses payable to the Manager pursuant to Article VII hereof shall be payable to the Manager upon, and with respect to, the termination of this Agreement pursuant to this Article VIII. All payments made pursuant to this Section 8.5(a) shall be made in accordance with Article VII hereof.
(b) Upon Early Termination of this Agreement pursuant to the events set forth in Section 8.1(b) (except in the case that Xx. Xxxxx voluntarily quits his employment or Chairman position at Cannae Inc. without Good Reason or is terminated by Cannae Inc. for Cause from his employment or Chairman position at Cannae Inc., in each case, as such terms are defined in his employment agreement with Cannae Inc.) and Section 8.2(b) hereof and provided that there shall not have been an announcement (or closing) of a Change of Control event of Cannae Inc., within ten (10) Business Days following the Early Termination Date (or such later date as is required to avoid accelerated taxation or tax penalties under Section 409A), Cannae Inc. or Cannae LLC shall pay to the Manager (or Xx. Xxxxx’x estate or personal representative in the case of Xx. Xxxxx’x death, and, if appropriate, incapacity or disability) (i) the Termination Fee Prior to a Change in Control, and (ii) the Management Fees, in each case, for the period between the Early Termination Date and the Termination Date (June 30, 2027) that would have been paid had the Early Termination not occurred.
(c) Subject to Section 8.4 hereof and provided that there shall not have been an announcement (or closing) of a Change in Control event of Cannae, Inc., no future unpaid Termination Fee Prior to a Change in Control and Management Fees, in each case, for the period between the Early Termination Date and the Termination Date (June 30, 2027) shall be due or payable by Cannae Inc. or Cannae LLC to the Manager upon termination of this Agreement pursuant to any of the events set forth in Section 8.1(a) or Section 8.2(a) hereof, or in the case that Xx. Xxxxx voluntarily quits his employment or Chairman position at Cannae Inc. without Good Reason or is terminated by Cannae Inc. for Cause from his employment or Chairman position at Cannae Inc., in each case, as such terms are defined in his employment agreement with Cannae Inc.
(d) Any payments made pursuant to this Section 8.5 shall be made in U.S. dollars by wire transfer in immediately available funds to an acco...
Payments Upon Early Termination. In the event that an ABCO client (i) terminates its agreement with ABCO (other than as a result of a material uncured breach by ABCO of such agreement) prior to the end of the then-current term of such agreement and (ii) within six (6) months of such termination begins using services or technology from Evolent that made such ABCO products or services redundant in a material respect (the “Overlapping Products/Services”), then Evolent shall pay to ABCO [***] percent ([***]%) of the remaining fees that would have been paid to ABCO by the ABCO client for the Overlapping Products/Services during the remainder of the contract, in the event that such contract is terminated prior to the end of a contract (each such payment, an “Early Termination Payment”). Each Early Termination Payment shall be due and payable in accordance with the payment terms of the terminated agreement, provided that the first payment of such Early Termination Payment also shall include all of the payments that would have been paid during the period beginning on the date of termination and ending on the date upon which such first payment is made.
Payments Upon Early Termination. (a) If notice of termination is given pursuant to Section 10, the Seller shall pay the Buyer its Damages.
(b) The Buyer’s Damages in the event of early termination shall be the Market Quotation, if it can be determined. If it cannot be determined, the Buyer’s Damages shall be an amount in Dollars, determined by the Buyer in good faith, equal to the sum of the losses (including loss of bargain) that it may incur as a result of the early termination or as a result of the event that served as the ground for early termination.
(c) Payments to be made in accordance with this Section shall be made on the Early Termination Date. If the Buyer is entitled to be paid any amount in respect of its Damages in accordance with this Section, it shall submit to the Seller a statement in reasonable detail of those Damages at least one Business Day prior to the Early Termination Date.
