Term Expiration and Termination. 10.1 The Agreement as amended from time to time shall expire upon termination of the Technology License Agreement.
Term Expiration and Termination. This Agreement shall be effective as of January 1, 2009, and shall, unless earlier terminated as provided herein, terminate as of the first anniversary hereof; provided, that on the first anniversary of this Agreement and on each subsequent anniversary hereof, this Agreement shall be automatically extended for an additional one-year term unless the Company gives Executive notice of its intent not to renew this Agreement at least 60 days prior to the end of the initial term or any renewal term hereof. This Agreement shall be earlier terminated and the Company’s obligations hereunder shall cease upon Executive’s death, disability or termination of employment with the Company and its Affiliates for any reason, except as provided in Section 2.1 hereof. The Company may earlier terminate this Agreement for Cause, notwithstanding that Executive’s employment with the Company has not been terminated.
Term Expiration and Termination. 10.1 This Agreement comes into force after the signatures by both Parties. This Agreement replaces all previous agreements and contracts between the Parties and shall continue in full force for a period of 24 (Twenty-four) months. Thereafter terminated by either Party giving the other Party at least 6 (six) months notice. In case this Agreement is not terminated by either party it will automatically be extended once for another 24 (Twenty-four) months.
10.2 BEL will continue her sales efforts until the expiration of this Agreement. However, BEL will reduce the stocks as much as reasonable while approaching the date of expiration of this Agreement. In consultation with WELL TALENT, BEL may continue her sales efforts for one month after termination of this Agreement to finalize pending negotiations. Still pending supply obligations resulting either from such negotiations or from pending orders have to be fulfilled within 3 (three) months from the date of terminating this Agreement.
10.3 Both the Parties hereto reserve the right of early termination in case of breach of contract. The Party in default shall be given a three months period to fulfill her obligations hereunder and, if after such period it is still in breach of contract, the other Party shall have the right to cancel this Agreement forthwith, without prejudice to any obligations or liabilities of either Party already accrued prior to such termination.
10.4 Notwithstanding the above WELL TALENT shall have the right to terminate this Agreement forthwith if BEL (a) infringes her obligations as per Article 3.5 or 7 and/or (b) unduly limits her activities or her sales organization and/or (c) merge with a third party or otherwise change control in a manner detrimental to WELL TALENT, e.g. in case of a takeover by or a merger with a competitor of WELL TALENT.
10.5 This Agreement and BEL’s appointment hereunder shall terminate automatically and without further action by either Party if BEL or WELL TALENT shall become insolvent or shall make an assignment for the benefit of creditors or become involved in receivership, bankruptcy or other insolvency or debtor relief proceedings, or any similar proceedings, or in proceedings, voluntary or forced, whereby BEL or WELL TALENT is limited in the free and unrestrained exercise of its own judgment as to the carrying out of the terms of this Agreement.
10.6 BEL shall return to WELL TALENT forthwith at her address first above written or to WELL TALENT’s designee all...
Term Expiration and Termination. 7.1 Term and Expiration
7.2 Termination with Cause by Bank; Bank Termination Events
7.3 Termination with Cause by Virgin; Virgin Termination Events 7.4 Purchase of Accounts
Term Expiration and Termination. This Agreement shall commence on the Effective Date and shall continue in full force and effect through the date of the Event, unless properly terminated by a Party pursuant to this Agreement. Termination may occur only for material breach. In the event of such material breach, the non-breaching Party may, at its option, terminate the Agreement upon written notice to the breaching Party.
Term Expiration and Termination. This Agreement, and the consents and authorizations contained herein, shall be effective as of the Effective Date and shall continue in effect unless amended by the parties. Mazda reserves the right to terminate the programs listed in Section 8 of this Agreement upon reasonable prior notice to Dealer.
Term Expiration and Termination. A. The term of this Agreement shall be the period beginning on the date first above written (the "Commencement Date") and expiring on December 31, 2003 ("Expiration Date") unless extended by the parties, except as provided below in this Paragraph 4.
B. Jxxxxx xxxll have the right to resign and to receive the Termination Payment (as herein defined) based on any of the following:
(i) The Company commits a material breach or violation of this Agreement, including a Company violation of Paragraph 4B(ii) hereof, which is not cured before the expiration of thirty (30) calendar days after written notice from Jacoxx xxxcribing the facts and circumstances of the breach or violation in reasonable detail. Such notice shall be deemed a demand for cure of the breach or violation; and/or
(ii) The Company persists, for a period of thirty (30) calendar days after written notice from Jacoxx xxxcribing in reasonable detail the matter as to which he is complaining, in any attempt to require Jacoxx xx perform (or omit to perform) any act or engage (or omit to engage) in any conduct that would constitute unethical or illegal conduct or omission. Such notice shall be deemed a demand for the Company to cease any such attempt; and/or
(iii) A Change in Control of the Company or the Bank occurs. If Jacoxx xxxigns for any reason other those specified in this Paragraph 4B, Jacoxx xxxll be entitled to be paid only for earned but unpaid Salary and unreimbursed expenses.
C. The Company may terminate Jacoxx'x xxxloyment under this Agreement, subject to any applicable notice and cure provisions set forth below, only for "Cause." As used herein, "Cause" means:
Term Expiration and Termination. This Agreement shall be effective as of January 1, 2011, and shall, unless earlier terminated as provided herein, terminate as of the first anniversary hereof; provided, that on the first anniversary of this Agreement and on each subsequent anniversary hereof, this Agreement shall be automatically extended for an additional one-year term unless the Company gives Executive notice of its intent not to renew this Agreement at least 60 days prior to the end of the initial term or any renewal term hereof. This Agreement shall be earlier terminated and the Company’s obligations hereunder shall cease upon Executive’s death, disability or termination of employment with the Company and its Affiliates for any reason, except as provided in Section 2.1 hereof. The Company may earlier terminate this Agreement for Cause, notwithstanding that Executive’s employment with the Company has not been terminated. This Agreement is executed in multiple counterparts as of the dates set forth below, each of which shall be deemed an original, to be effective as designated above. By: /s/ X. Xxxxxxxx McGraw /s/ Xxxxx X. Xxxxxxx
Term Expiration and Termination. Survival of Provisions
A. The term of this Agreement commences on the Effective Date and continues in full force and effect for a period of (7) seven years thereafter unless extended by mutual agreement of the parties or earlier terminated in accordance with this Article X (“Term”).
B. Either party may terminate this Agreement, effective immediately, without demand or judicial resolution, upon written notice to the other party, in the event of any of the following:
(i) a breach of any obligation to pay money under this Agreement, unless such obligation is disputed in good faith by the non-paying party, which breach is not cured within thirty (30) days after receiving written notice of such breach from the non-breaching party;
(ii) a breach of any non-monetary representation or warranty or obligation contemplated in this Agreement, which breach is not cured within sixty (60) calendar days after receiving written notice of such breach from the non-breaching party;
(iii) the other party’s inability to pay its debts as the same become due; any assignment by the other party for the benefit of its creditors; the appointment of a receiver, liquidator, or committee of creditors for all or substantially all of the other party’s business or assets; the filing of a petition for voluntary or involuntary bankruptcy or similar proceeding by or against the other party or the liquidation of the other party;
(iv) the expropriation, confiscation, or nationalization of all or substantially all of the other party’s business or assets;
(v) on a country-by-country basis, the introduction of any xxxx in the legislature of any national or governmental subdivision or the passage or issuance of any provision, statute, decree, order, notice, rule or document having the force of law within any country within the Territory granting independent sales representatives, distributors, or dealers the right to receive extra contractual indemnification from principals upon the latter’s termination or refusal to renew applicable agreements between the parties; or
(vi) on a country-by-country basis, any change in the law which restricts, limits or prohibits the importation, sale, marketing or distribution of Product.
C. Distributor may terminate this Agreement, without cause, at any time upon sixty (60) days prior written notice of termination to Xxxx. Xxxx may terminate this Agreement at any time upon written notice to Distributor with respect to any Product in any and all countries within the...
Term Expiration and Termination. 14.1 This Agreement shall commence on the Effective Date. This Agreement, and any Licence granted hereunder shall terminate immediately in the event that:
(a) Licensee is in default of a material obligation under this Agreement, and the default is not cured within thirty (30) days of receiving the notice from Licensor;
(b) Licensee breaches any of its obligations or covenants hereunder with respect to applicable laws or confidential information, or infringes any copyright or other intellectual property or proprietary rights in Products and Documentation; or
(c) any applicable law, including without limitation any privacy and access to information laws, governmental regulation or order, including those issued by the Office of the Privacy Commissioner of Ontario, restricts or precludes the collection, use and/or licensing of the Products, or any part thereof, or the use of or access to the Products.
14.2 On termination of this Agreement Licensee shall:
(a) cease using the Products and Documentation and all Resulting Products, Derivative Products or Bundled Products;
(b) shall destroy the Products and Documentation and any Resulting Products, Derivative Products, and Bundled Products; and
(c) at the request of Licensor, certify that all Products and Documentation and any Resulting Products, Derivative Products and Bundled Products have been purged from all of Licensee’s computer systems, and all hardcopy materials produced from the Products and Documentation and any Resulting Products, Derivative Products and Bundled Products have been destroyed.
