Common use of Service Period; Termination Clause in Contracts

Service Period; Termination. (a) The engagement shall last for a period commencing on Effective Date and terminating on the earliest of either (i) six (6) months following the Effective Date, (ii) Consultant’s death or disability, (iii) immediately upon written notice of termination delivered by the Company to Consultant or (iv) by mutual written agreement of the Parties (such period, the “Service Period”). Notwithstanding the foregoing, if Consultant revokes the Separation Agreement prior to the expiration of the Revocation Period (as defined in the Separation Agreement), this Agreement shall be null and void ab initio and the Parties shall have no rights or obligations under this Agreement. (b) From and after the termination of the Service Period, neither Party shall have any further obligation to the other Party pursuant to this Agreement except that the Company shall reimburse Consultant any reimbursable expenses properly incurred by Consultant prior to the date of such termination in accordance with Section 3(b) and Consultant shall continue to be subject to the Separation Agreement. The foregoing is not intended to limit the Parties’ rights and obligations under the Separation Agreement.

Appears in 4 contracts

Samples: Consulting Agreement (Approach Resources Inc), Separation Agreement (Approach Resources Inc), Consulting Agreement (Approach Resources Inc)

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