TERMINATION 11. 1 Each of the parties may terminate the employment relationship for the reasons and following the procedures set forth in statutory provisions and in the applicable law. 11.2 Employment may be terminated by either party as of the end of the month, with a notice period of six months. Notice must in any case be given in writing. 11.3 After termination of the employment relationship you are bound by the restrictions as set out by law or in this employment agreement, your duty of confidentiality according to clause 7.2 of this agreement persist without limitation during the notice period as well as for the time after termination of this employment relationship. 11.4 Upon termination of your employment relationship, irrespective of the reason thereto, you shall be obliged to return all material and property belonging to the Company. 11.5 Upon termination of your employment relationship, irrespective of the reason thereto, you shall be entitled to (a) all accrued but unpaid Base Salary and benefits up to and including the date of termination, or, in the case of your death, accrued to the last day of the month in which the death occurs, (b) exercise your vested options to purchase ordinary shares of the Company in accordance with the terms set forth herein, except in the case of your death or disability, in which case you or your estate, as applicable, shall have the right to exercise all vested options, at a minimum, during the one year period from the date of death or disability, and (c) any payment owed or due to you, but not yet paid, pursuant to your Bonus. 11.6 Where a Change In Control occurs (as defined below) and/or your employment is terminated by the Company without Cause (as defined below) or you resign within 24 months of the date of the Change In Control and/or for Good Reason (as defined below), you will be entitled to receive, severance pay equal to (a) an amount equal to the aggregate of (i) 2.0 times your annual Base Salary in effect at such time of termination, (ii) 2.0 times the greater of the average of the Bonuses received in the last 3 years of employment or the targeted Bonus for the year in which you are terminated or resign and (iii) the prorated targeted Bonus for the year in which you are terminated or resign as accrued in the course of the year of termination or resignation. In addition, in such a situation, all your unvested stock options will become fully vested and exercisable of the date of termination or resignation of employment...
TERMINATION 11. 1 Except as otherwise provided herein, after the expiration of the Initial Term of this Agreement, either Party may terminate this Agreement for convenience by providing the other Party with a minimum of sixty (60) calendar days’ advance written notice.
TERMINATION 11. 5. Kündigung
TERMINATION 11. 2.1 Failure to Fulfill Obligations or to Obtain or Maintain PL This Agreement may be terminated with three (3) months written notice forthwith by either party if the other party fails to fulfill any of its obligations under this Agreement and such default is not remedied within thirty (30) days of the date on which a written notice thereof has been dispatched to the defaulting party or if the Distributor fails to obtain or maintain the PL as set forth in Article 6, Medical Registration, unless such failure is attributable to the Company 11.2.2
TERMINATION 11. 1 Termination Events This Agreement may be terminated with immediate effect at any time prior to or on the Closing Date with effect for all Parties
TERMINATION 11. Section 4.1 Early Termination of Agreement; Breach of Agreement 11 Section 4.2 Early Termination Notice 13 Section 4.3 Payment upon Early Termination 13
TERMINATION 11. 1 Any party may forthwith terminate this AGREEMENT by notice to such effect to the other parties if any other party commits a breach of term and condition contained in this AGREEMENT and fails to remedy the same within thirty (30) days after notice from the party(ies) not in breach setting out the nature of such breach and demanding that the same be remedied, provided however, any breach which may be cured by the payment of money must be cured within ten (10) days after such notice from the other party. 11.2 Any party may forthwith terminate this AGREEMENT by notice to such effect to the other parties if bankruptcy, insolvency, or reorganization proceedings, or any other proceedings analogous in nature or effect, are instituted by or against any other party and is not dismissed within ninety (90) days or if either party is dissolved or liquidated, whether voluntarily or involuntarily, a receiver or trustee is appointed for all or a substantial part of the assets of any other party or any other party make an assignment for the benefit of creditors.
