Common use of Renewal; Termination Clause in Contracts

Renewal; Termination. (a) This Agreement shall continue in effect for 1 year until terminated by the parties. Either the Company or the Consultant may terminate this Agreement by giving the other party thirty (30) days written notice. However, termination of Consultant by the Company shall not relieve the Company of its financial obligations to Consultant as defined herein. Death or the Consultants inability to continue performing his duties under the Contract will relieve the Company of its financial obligations to Consultant as defined herein. (b) Subject to the continuing obligations of Consultant under Section 5 below, either party may terminate this Agreement at any time if the other party shall fail to fulfill any material obligation under this Agreement and shall not have cured the breach within 10 days after having received notice thereof. (c) Termination or expiration of this Agreement shall not extinguish any rights of compensation that shall accrue prior to the termination.

Appears in 1 contract

Samples: Corporate Advisor / Consulting Engagement Agreement (Hinto Energy, Inc)

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Renewal; Termination. (a) This Agreement shall continue in effect for 1 year until terminated by the parties. Either the Company or the Consultant may terminate this Agreement by giving the other party thirty (30) days written notice. However, termination of Consultant by the Company shall not relieve the Company of its financial obligations to Consultant as defined herein. Death or the Consultants inability to continue performing his duties under the Contract will relieve the Company of its financial obligations to Consultant as defined herein. (b) Subject to the continuing obligations of Consultant under Section 5 below, either party may terminate this Agreement at any time if the other party shall fail to fulfill any material obligation under this Agreement and shall not have cured the breach within 10 days after having received notice thereof. (c) Termination or expiration of this Agreement shall not extinguish any rights of compensation that shall accrue prior to the termination.

Appears in 1 contract

Samples: Consulting Agreement (Hinto Energy, Inc)

Renewal; Termination. (a) This Agreement shall continue in effect for 1 year until terminated by the parties. Either the Company or the Consultant may terminate this Agreement by giving the other party part thirty (30) days written notice. However, termination of Consultant by the Company shall not relieve the Company of its financial obligations to Consultant as defined herein. Death or the Consultants inability to continue performing his duties under the Contract will relieve the Company of its financial obligations to Consultant as defined herein. (b) Subject to the continuing obligations of Consultant under Section 5 below, either party may terminate this Agreement at any time if the other party shall fail to fulfill any material obligation under this Agreement and shall not have cured the breach within 10 days after having received notice thereof. (c) Termination or expiration of this Agreement shall not extinguish any rights of compensation that shall accrue prior to the termination.

Appears in 1 contract

Samples: Corporate Advisor / Director Engagement Agreement (Hinto Energy, Inc)

Renewal; Termination. (a) This Agreement shall continue in effect for 1 year until terminated by the parties. Either the Company or the Consultant may terminate this Agreement by giving the other party thirty (30) days written notice. However, termination of Consultant by the Company shall not relieve the Company of its financial obligations to Consultant as defined herein. Death or the Consultants Consultant's inability to continue performing his duties under the Contract will relieve the Company of its financial obligations to Consultant as defined herein. (b) Subject to the continuing obligations of Consultant under Section 5 below, either party may terminate this Agreement at any time if the other party shall fail to fulfill any material obligation under this Agreement and shall not have cured the breach within 10 days after having received notice thereof. (c) Termination or expiration of this Agreement shall not extinguish any rights of compensation that shall accrue prior to the termination.

Appears in 1 contract

Samples: Corporate Advisor/Consulting Engagement Agreement (Hinto Energy, Inc)

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Renewal; Termination. (a) This Agreement shall continue in effect for 1 l year until terminated by the parties. Either the Company or the Consultant may terminate this Agreement by giving the other party thirty (30) days written notice. However, termination of Consultant by the Company shall not relieve the Company of its financial obligations to Consultant as defined herein. Death or the Consultants inability to continue performing his duties under the Contract will relieve the Company of its financial obligations to Consultant as defined herein. (b) Subject to the continuing obligations of Consultant under Section 5 below, either party may terminate this Agreement at any time if the other party shall fail to fulfill any material obligation under this Agreement and shall not have cured the breach within 10 days after having received notice thereof. (c) Termination or expiration of this Agreement shall not extinguish any rights of compensation that shall accrue prior to the termination.

Appears in 1 contract

Samples: Corporate Advisor / Director Engagement Agreement (Hinto Energy, Inc)

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