Term and Effectiveness of Agreement. Except as otherwise set forth in this License Agreement, this License Agreement will become effective when executed in conjunction with the Sale Agreement by both Parties and will endure and remain in full force until lapse, termination or expiration of Licensor Patents. Lapse or expiration of all of said Licensor patents shall occur at such time as no Licensor patents remain legally enforceable as determined by a court decision for which all appeals have been exhausted. For avoidance of doubt, it is understood that the term of this License Agreement shall be perpetual subject to the expiration and termination provisions expressly set forth herein.
Term and Effectiveness of Agreement. The term of this Agreement shall commence upon the Resignation Date, as defined in the Separation Agreement (the “Commencement Date”) and shall continue until the later of the second (2nd) anniversary of the Commencement Date or January 31, 2018, unless earlier terminated in accordance with the provisions of Article III hereof (the “Term”). This Agreement shall be effective only upon and as of the effective date of the Separation Agreement (such date, the “Effective Date”). In the event that the Separation Agreement is revoked, in whole or in part, or otherwise does not become effective as of the Effective Date, this Agreement shall be null and void and of no force and effect. It is the intent of the parties that this Agreement and the Separation Agreement will be executed simultaneously and if that simultaneous execution does not occur, this Agreement will be null and void and of no force or effect.
Term and Effectiveness of Agreement. The term of this Agreement shall commence on October 24, 2014 (the “Commencement Date”) and shall continue until the first (1st) anniversary of the Commencement Date (the “Anniversary Date”) (the duration of this Agreement collectively referred to as, the “Term”), unless terminated in accordance with the provisions of Article 3 hereof. This Agreement may be renewed for an additional period(s) only upon the mutual written agreement of the parties. This Agreement shall be effective only upon and as of the effective date of the Separation Agreement and the Separation Agreement between Bxxxxxxx Xxxxx and the Company (the “Kxxxx Separation Agreement”) (such date, the “Effective Date”). In the event that the Separation Agreement or the Kxxxx Separation Agreement is revoked, in whole or in part, or otherwise does not become effective as of the Effective Date, this Agreement shall be null and void and of no force and effect.
Term and Effectiveness of Agreement
