Special Termination Provision Sample Clauses

Special Termination Provision. If the Effective Date has not occurred on or prior to September 30, 2006, then the obligations of the Banks hereunder shall terminate and this Agreement shall cease to be binding upon the parties hereto, except that the obligations of the Company under Section 10.04 and Section 10.07 hereof shall survive such termination.
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Special Termination Provision. For a period of thirty (30) days commencing on January 25, 2007, Employer's Board of Directors, excluding Employee, Mr. R. Michael Collins and Mr. Robert E. Dixon (or their nominees or dexxxxxxx xx Xxxxxyer's Xxxxx xx Xxxxxxxxs, the "Executives") shall have the right to terminate without Cause (as defined below) the employment of no less than all of the three (3) Executives (or such fewer number of Executives who may then be employed by Sutter). The Employee's exclusive severance and right under this Xxxxxment in the event of such termination shall be limited to a lump sum severance payment equal to Employee's Effective Salary in effect at the time of such termination, plus any accrued and unpaid compensation payable in exchange for a complete release of any and all employment related claims against Sutter. All stock options granted to Employee shall immediately vxxx.
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Special Termination Provision. (i) Any other provision in this Agreement notwithstanding, during the period commencing either when Xxxxxx Xxxxxx first does not hold the position of Chief Executive Officer of the Company or a Change in Control has occurred, and ending on the 90th day immediately following either such event, Executive may give written notice (an "Early Termination Notice") to the Company that he is terminating his employment effective on the 30th day following the giving of such Early Termination Notice.
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Special Termination Provision. If this Agreement is terminated other than as a result of mutual abandonment, MidSouth’s breach of a representation, warranty or covenant or the denial by any regulatory body of approval necessary for the Merger, and Seller accepts an Acquisition Proposal within two years of the date of termination then at the time of such acceptance Seller shall pay to MidSouth a termination fee of $700,000, if the Acquisition Proposal is accepted within nine months of termination, and $400,000 if the Acquisition Proposal is accepted during the tenth through twenty-fourth month of the date of termination. This Section shall survive any termination of this Agreement.
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Special Termination Provision. If the Executive is terminated without Cause by the Company anytime within one year following the election of any individual as a director of the Company ("Election") (which Election occurs during the period beginning November 1, 2008 and the date of the Company's 2010 shareholders meeting), as a result of an actual or threatened solicitation of proxies or consents or otherwise by or on behalf of any person other than the Board ("Election Contest"), including by reason of any agreement intended to avoid or settle any Election Contest, if following such Election at least a majority of the directors on the Board would have been nominated, appointed or otherwise selected (whether in connection with the Election Contest or at any time prior to the Election Contest) by the person or entity who solicited proxies or consents in connection with the Election Contest or such person's or entity's affiliates, provided that either in connection with such Election Contest (or an agreement intended to avoid or settle such Election Contest) and during the one-year period following such Election the Chief Executive Officer of the Company immediately prior to such Election Contest is no longer employed by the Company (other than as a result of the Company terminating the Chief Executive Officer for "Cause"), the Executive shall be entitled the payments set forth in paragraph 3(d) above.
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Special Termination Provision. In the event the Company shall complete a Special Mandatory Redemption (as defined on the face of the Securities) and the Escrow Agent shall have returned the Escrowed Funds (as defined in the Escrow Agreement) to the Company and the Paying Agent (as defined in the Indenture) in accordance with the terms of the Escrow Agreement, this Agreement shall terminate, and the obligations herein shall cease to have any binding effect upon the parties hereto. Notwithstanding the foregoing, Section 6 of this Agreement shall not terminate, and the obligations of the Company and the Guarantors pursuant to Section 6 shall remain in effect.
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Special Termination Provision. (i) Any other provision in this Agreement notwithstanding, during the period commencing when Xxxxxx Xxxxxx first does not hold the position of Chief Executive Officer of the Company and ending on the 90th day immediately following such event, Executive may give written notice (an "Early Termination Notice") to the Company that she is terminating her employment on the earlier of (x) the first anniversary of the giving of such notice and (y) the Expiration Date (the "Early Termination Date"; the period commencing with the giving of an Early Termination Notice and ending with the Early Termination Date being referred to herein as the "Early Termination Period"). At any time during the Early Termination Period, the Company may terminate Executive's employment on not less than 60-days written notice to the Executive.
Sample 1
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Special Termination Provision. Subject to the full and complete satisfaction of the Termination Conditions Precedent (as hereinafter defined), Tenant shall have the one(1) time irrevocable option to terminate this Lease effective as of July 31, 2016 (the “Termination Date”), in accordance with the provisions of this Article 21; provided, however, Tenant shall provide a Termination Notice (hereinafter defined) to Landlord by not later than July 31, 2015 (time being of the essence of the delivery of said Termination Notice). Provided that all of the Termination Conditions Precedent have been fully and completely satisfied then this Lease shall terminate effective as of the Termination Date. In the event of such termination, the Lease Term shall end and expire on the applicable date as fully and completely as if such date were the expiration date specified for the Lease Term. Any such termination of this Lease shall be subject to all of the terms and conditions of this Lease, including, without limitation, Article 15 of this Lease. In addition, if Tenant fails to deliver a timely Termination Notice (time being of the essence thereof), or to satisfy the foregoing Termination Conditions Precedent, including, without limitation, the delivery of the Termination Payment, then any Termination Notice delivered by Tenant shall be null and void and of no force and effect, Tenant shall have no right to terminate this Lease pursuant to this Article 21, and this Lease shall remain in full force and effect in accordance with the terms hereof.
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Special Termination Provision. The text of Sections 12.6(a), 12.6(b) and 12.6(c) of the Agreement are hereby deleted in their entirety.
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Related to Special Termination Provision

  • Special Termination Provisions Notwithstanding the provisions of Paragraph 6 of this Agreement, this Agreement shall terminate upon the occurrence of any of the following events:

  • Other Termination Provisions Executive agrees that upon termination of this Agreement and upon reasonable request by the Board of Directors, Executive shall resign from any then effective Board, Officer or Committee positions.

  • Termination Provisions In this Agreement:

  • Additional Termination Provisions Notwithstanding and in addition to the foregoing, in the event that (i) a Mortgage Loan becomes delinquent for a period of 90 days or more (a "Delinquent Mortgage Loan") or (ii) a Mortgage Loan becomes an REO Property, the Purchaser may at its election terminate this Agreement with respect to such Delinquent Mortgage Loan or REO Property, upon 15 days' written notice to the Seller.

  • Special Termination A. The Company may terminate a Subscribing Reinsurer’s percentage share in this Contract at any time by giving written notice to the Subscribing Reinsurer in the event of any of the following circumstances:

  • Mandatory Termination In the event that a mandatory prepayment in full of the A Advances is required by Section 2.06(b), the Commitments of the Lenders shall immediately terminate.

  • 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.

  • Default Termination (a) Any material failure by Manager or Owner (a "Defaulting Party") to perform its respective duties or obligations hereunder (other than a default by Owner under Section 4 of this Agreement), which material failure is not cured within thirty (30) calendar days after receipt of written notice of such failure from the non-defaulting party, shall constitute an event of default hereunder; provided, however, the foregoing shall not constitute an event of default hereunder in the event the Defaulting Party commences cure of such material failure within such thirty (30) day period and diligently prosecutes the cure of such material failure thereafter but in no event shall such extended cure period exceed ninety (90) days from the date of receipt by the non-defaulting party of written notice of such material default; provided further, however, that in the event such material failure constitutes a default under the terms of the Loan Documents and the cure period for such matter under the Loan Documents is shorter than the cure period specified herein, the cure period specified herein shall automatically shorten such that it shall match the cure period for such matter as specified under the Loan Documents. In addition, following notice to Manager of the existence of any such material failure by Manager, Owner shall have the right to cure any such material failure by Manager, and any sums so expended in curing shall be owed by Manager to such curing party and may be offset against any sums owed to Manager under this Agreement.

  • Other Termination If the Optionee’s employment terminates for any reason other than the Optionee’s death, the Optionee’s disability or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months from the date of termination or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator’s determination of the reason for termination of the Optionee’s employment shall be conclusive and binding on the Optionee and his or her representatives or legatees.

  • Waiver; Termination No failure on the part of the Parent to exercise any power, right, privilege or remedy under this Agreement, and no delay on the part of the Parent in exercising any power, right, privilege or remedy under this Agreement, shall operate as a waiver of such power, right, privilege or remedy; and no single or partial exercise of any such power, right, privilege or remedy shall preclude any other or further exercise thereof or of any other power, right, privilege or remedy. The Parent shall not be deemed to have waived any claim arising out of this Agreement, or any power, right, privilege or remedy under this Agreement, unless the waiver of such claim, power, right, privilege or remedy is expressly set forth in a written instrument duly executed and delivered on behalf of the Parent; and any such waiver shall not be applicable or have any effect except in the specific instance in which it is given. If the Merger Agreement is terminated, this Agreement shall thereupon terminate.

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