Termination and Amendment Procedures Sample Clauses
The 'Termination and Amendment Procedures' clause outlines the formal steps and requirements for ending or modifying an agreement. Typically, it specifies how parties must provide notice of termination, the conditions under which amendments are valid, and whether changes require written consent from all involved parties. This clause ensures that any changes to the contract or its early conclusion are handled transparently and with mutual agreement, thereby reducing the risk of disputes and maintaining contractual clarity.
Termination and Amendment Procedures. Company may terminate this Agreement effective as of any date by giving Officer, in accordance with Section 6(B) hereof, at least one hundred eighty (180) days' prior written notice of such termination of this Agreement, specifying the effective date of such termination; provided, however, that Company may not terminate this Agreement within twenty-four (24) months following a Change in Control, even if notice of termination of this Agreement was given prior to such Change in Control. No notice of termination of this Agreement shall be given any effect whatsoever, and Officer's and Company's obligations under this Agreement shall continue as if such notice of termination had not been given, in the event that, while this Agreement remains in effect during the notice period, a Change in Control occurs and/or Officer incurs termination for Cause, Involuntary Termination or Proper Reason Termination. Regardless of anything to the contrary in this Agreement, no termination of this Agreement shall terminate Officer's obligations under Sections 4(A) and (B) of this Agreement. Company and Officer may amend this Agreement at any time by written instrument signed by Company and Officer.
Termination and Amendment Procedures. Company may terminate this Agreement effective as of any date by giving Officer, in accordance with Section 6(B) hereof, at least one hundred eighty (180) days' prior written notice of such termination of this Agreement, specifying the effective date of such termination; provided, however, that Company may not terminate this Agreement within twenty-four (24) months following a Change of Control, even if Revised March 5, 2001