Term and Termination; Effect of Termination. The term of this Agreement will begin on the Agreement Effective Date and continue, unless terminated earlier by Lightspeed, until the date on which Lightspeed receives the full TSRA (the “Agreement Term”). Because Lightspeed is not providing Merchant with a loan under this Agreement, there are no scheduled payments or specified term for repayment. Lightspeed may immediately terminate this Agreement if Merchant fails to remedy a breach of this Agreement within five business days after receiving notice of the breach from Lightspeed.
Term and Termination; Effect of Termination a. This Agreement shall become effective as of the Effective Date and shall continue in full force and effect for one (1) year (the “Term”), unless earlier terminated in accordance with this Section 6. Thereafter, unless either Party provides the other Party written notice of its termination of this Agreement sixty (60) days prior to the then effective termination date of this Agreement, the Agreement shall automatically renew for successive one (1) year time periods (each a “Renewal Term”).
b. This Agreement shall terminate automatically upon the termination or expiration of the License Agreement.
c. Either Party may terminate this Agreement for any reason or for no reason upon sixty (60) days notice to the other Party.
d. In the event of a breach of this Agreement by either Party, the non- breaching Party shall have the right to terminate this Agreement if the breaching Party fails to substantially cure such breach within thirty (30) days of receipt of notice specifying the breach. If the breach is not cured within such cure period, the non- breaching Party shall have the right to send the breaching Party a final notice of termination which shall take effect upon receipt.
e. If (a) a petition in bankruptcy is filed by either Party, (b) a petition in bankruptcy is filed against either Party and such petition is finally sustained, (c) a petition for arrangement is filed by either Party or a petition for reorganization is filed by or against either Party, and an order is entered directing the liquidation of such Party as in bankruptcy, (d) either Party makes an assignment for the benefit of creditors, or (e) either Party liquidates its business for any cause whatsoever, the non-bankrupt or liquidating Party may terminate this Agreement immediately by notice to the other.
f. Upon termination of this Agreement, Sub-Licensee shall cease all use of the Licensed Marks, pay any Royalties owed as of the date of termination, and deliver to Sub-Licensor, free of any charge to Sub-Licensor, all signs, labels, packaging materials, advertising and similar items bearing the Licensed Xxxx that are then in the possession of the Sub-Licensee.
Term and Termination; Effect of Termination. 10.1 The term of this Agreement will commence on me Effective Date and will continue for four (4) years or until terminated as provided herein. Either party may terminate this Agreement at will upon thirty (30) days' written notice to the other.
10.2 Upon the expiration or termination of this Agreement, each party will be released from all obligations and liabilities to the other occurring or arising after the date of such termination, except that the provisions under Sections 3, 4, 5, 6, 8, 10, and 11 will survive the expiration or termination of this Agreement, and any such expiration or termination will not relieve Advisor or the Company from any liability arising from any breach of this Agreement.
10.3 Upon any expiration or termination of this Agreement, Advisor will promptly deliver to the Company all documents and other materials of any nature in Advisor's possession pertaining to the Services, together with all documents and other itep1s containing or pertaining to any Proprietary Information. Advisor will not retain copies of y such documents or other materials after termination of this Agreement.
Term and Termination; Effect of Termination. The term of this Agreement shall begin on the date first written above and shall continue for a period of 12 calendar months thereafter ("Term") unless terminated in accordance with A, B or C as set forth below.
Term and Termination; Effect of Termination. 3.1 This contract will take effect on April 28, 2008 (or earlier at EMPLOYEE’s convenience) and shall continue until EMPLOYEE’s employment is otherwise terminated, whether by EMPLOYEE or the COMPANY, each in its sole discretion. In connection with any such termination, the COMPANY shall pay EMPLOYEE all compensation and benefits accrued, but unpaid (including any accrued but unused vacation), up to the date of termination.
3.2 All information, documents and material entrusted to EMPLOYEE within the framework of this Agreement shall remain the property of the COMPANY. EMPLOYEE is required to return all such information, documents and material to the COMPANY (and all copies and reproductions thereof) at the moment of termination of this Agreement for whatever reason.
3.3 Except as otherwise provided below in this Section 3, if EMPLOYEE’s employment is terminated involuntarily by the COMPANY without Cause, or EMPLOYEE resigns his employment for Good Reason, then: (i) the COMPANY shall continue to pay EMPLOYEE each month, for a period of four (4) months from the date of termination, an amount equal to one twelfth (1/12) of EMPLOYEE’s annual base salary in effect as of the date of termination, (ii) the COMPANY will maintain (and pay premiums on) EMPLOYEE’s group medical and dental coverage during the period EMPLOYEE is receiving payments under clause (i) of this Section 3.3; and (iii) except in the case where EMPLOYEE resigns based on a material diminution in his duties, responsibilities, authorities, powers or functions (i.e. clause (ii) of the Good Reason definition), any outstanding but unvested or partially vested options held by EMPLOYEE in COMPANY and/or PARENT shall automatically (or, to the extent required by the terms of the applicable Stock Option Plan, following necessary board action) become fully vested and exercisable as of the effective date of such termination, with EMPLOYEE having a minimum of 90 days in which to exercise such option (or longer, as provided in the applicable stock option plan or Stock Option Agreement and/or to account for any lock-up period or closed trading window).
3.4 In the event that any termination that triggers severance under Section 3.3(i) occurs because of a consolidation, merger, reorganization, sale of all or substantially all of the assets or capital stock (including a control group tender offer) of COMPANY or PARENT, or other business combination in which PARENT is not the surviving entity (a “Change of Control”)...
Term and Termination; Effect of Termination. (a) This Agreement shall commence on the Effective Date and be effective for a term of three (3) years (the “Term”); provided, however, that either party may terminate this Agreement at any time by giving the other party thirty (30) days’ written notice of his or its intention to terminate this Agreement, and provided, further, that the Company may terminate this Agreement immediately for “Cause” without further liability on the part of the Company other than for accrued but unpaid Consulting Fees through the date of termination effective immediately upon written notice to Consultant. “Cause” shall mean the following: (i) the commission by Consultant of any act of embezzlement, fraud, larceny or theft on or from the Company or an affiliate of the Company; (ii) the commission by Consultant of a felony or any misdemeanor, which misdemeanor involves moral turpitude, deceit, dishonesty or fraud; (iii) any material misconduct or material violation of the Company’s policies, any of which continues for a period of 30 days after written notice detailing such material misconduct or violation of the Company’s policies is given to Consultant; or (iv) a material breach by Consultant of any of the covenants, terms or provisions of this Agreement or any agreement between the Company and Consultant regarding confidentiality, non-competition or assignment of inventions
Term and Termination; Effect of Termination a. The Term of this Agreement shall commence on the Effective Date and, unless earlier terminated in accordance with this Section 7, continue until the end of the Initial Term. Thereafter, unless either Party notifies the other Party in writing within six (6) months prior to the end of the Initial Term or any Renewal Term, as applicable, of its desire for this Agreement not to be renewed, contemporaneously with the end of the Initial Term or such Renewal Term, as applicable, the then- current Term shall automatically renew for one (1) additional year (a “Renewal Term”). The Parties agree that, except as otherwise set forth herein, Citcon shall not be required to perform any Services after the expiration of the Term of this Agreement.
b. Without prejudice to any other rights and remedies available to it under this Agreement, Merchant may at any time terminate this Agreement or any Service by written notice to Citcon if:
i. Citcon commits a material breach of any of its obligations under this Agreement which is not capable of remedy, or if capable of remedy, is not remedied to Merchant’s reasonable satisfaction within thirty (30) days of service of a notice requiring such remedy;
ii. Citcon becomes Insolvent;
iii. Xxxxxxxx becomes entitled to terminate for a material breach of any other agreement it has with Citcon; or
iv. Merchant is required to do so under a Legal Requirement.
c. Without prejudice to any other rights and remedies available to it under this Agreement, Citcon may at any time terminate this Agreement or any Service, or suspend the provision of any Service, by written notice to Merchant as permitted if:
i. Merchant commits a breach of Sections 2(a) or 6(a);
ii. Merchant commits a material breach of any other of its obligations under this Agreement, or any other agreement it has with Citcon, which is not capable of remedy, or if capable of remedy, is not remedied to Citcon’s reasonable satisfaction within thirty (30) days of service of a notice requiring such remedy;
iii. Merchant becomes Insolvent, or there is an occurrence of any circumstance, event or series of circumstances or events that, to Xxxxxx’s reasonable judgment, materially adversely affects Merchant’s ability to meet its current or future liabilities (or potential liabilities) or obligations under this Agreement;
iv. Merchant ceases, or there is a reasonable likelihood of it ceasing, to carry on all or a material part of its business, including any changes to the information provi...
Term and Termination; Effect of Termination. These Terms shall enter into effect upon your first access to the Solution and remain in full force and effect for a period stated in the Order Form (“Term”). Except as stated in section 20 below any and all rights and licenses granted hereunder shall automatically expire upon any termination or expiration of the Term.
Term and Termination; Effect of Termination. 9.1 The term of this Agreement will commence on the Termination Date and will continue until December 31, 2016, unless extended beyond that date by a mutual written agreement. Notwithstanding the foregoing: (i) the Company may terminate this Agreement for Cause (as that term is defined in the Amended and Restated Employment Agreement with an Effective Date of June 24, 2013 (the “Employment Agreement”)) at any time upon written notice; (ii) the Advisor may terminate this Agreement at any time upon written notice; (iii) either party may terminate this Agreement at any time by mutual consent; or (iv) either party may terminate this Agreement after January 6, 2016 at will upon thirty (30) days’ written notice to the other. The date this Agreement terminates for any reason shall be referred to herein as the “Date of Termination”.
9.2 Upon the expiration or termination of this Agreement, each party will be released from all obligations and liabilities to the other occurring or arising after the Date of Termination, except that the provisions under Sections 2, 3, 4, 5, 7, 8, 9 and 10 will survive the expiration or termination of this Agreement, and any such expiration or termination will not relieve Advisor or the Company from any liability arising from any breach of this Agreement.
9.3 Upon any expiration or termination of this Agreement, Advisor will promptly deliver to the Company all documents and other materials containing or pertaining to any Confidential Information pertaining to the Company or the Services in Advisor’s possession. Advisor will not retain copies of any such documents or other materials after termination of this Agreement.
Term and Termination; Effect of Termination. 10.1 The term of this Agreement will commence on the Effective Date and will continue for four (4) years or until terminated as provided herein. Either party may terminate this Agreement at will upon thirty (30) days' written notice to the other.
10.2 Upon the expiration or termination of this Agreement, each party will be released from all obligations and liabilities to the other occurring or arising after the date of such termination, except that the provisions under Sections 3, 4, 5, 8, 10 and 11 will survive the expiration or termination of this Agreement, and any such expiration or termination will not relieve Advisor or the Company from any liability arising from any breach of this Agreement.
10.3 Upon any expiration or termination of thi.s Agreement, Advisor will promptly deliver to the Company all documents and other materials containing or pertaining to any Proprietary Information pertaining to the Company or the Services in Advisor's possession. Advisor will not retain copies of any such documents or other materials after termination of this Agreement.
