Termination by Either Party for Any Reason. Either party may terminate this Agreement at any time upon twenty (20) business days prior written notice for any reason (“Termination for Convenience”). If TRUSTe invokes Termination for Convenience, Licensee may invoke Board Review pursuant to Section VII.D by submitting to TRUSTe within five (5) business days a written statement to TRUSTe, which shall be transmitted by TRUSTe to the Board of Directors within the same five (5) business day period. If termination by TRUSTe becomes effective, TRUSTe will promptly refund to Licensee the amount equal to fifty (50) percent of the prorated license fee for the portion of the license term remaining as of the effective date of termination. If Licensee terminates this Agreement pursuant to this Section VII.C, Licensee is not entitled to any refund. Board Review. The Board will review all appeals by Licensee submitted pursuant to Sections VII.B and VII.C pursuant to the procedures in effect at that time, which are published on TRUSTe’s Web Site. In the event Licensee invokes Board Review, termination by TRUSTe will become effective upon completion of the Board Review unless: in the case of termination for no cause, twenty-five percent (25%) of the members of the Board of Directors object to the termination, or in the case of termination for material breach, a majority of the Board of Directors object to the termination. Partial Termination/Modification of Xxxx by TRUSTe. Upon ten (10) business days’ prior written notice, TRUSTe may terminate Licensee’s right to use the TRUSTe Xxxx(s) on a server in a particular country in which TRUSTe reasonably determines that the continued use of the TRUSTe Xxxx(s) in such country may impose potential liability on TRUSTe or threaten TRUSTe’s ownership of the TRUSTe Xxxx(s). If no replacement xxxx is provided, Licensee will receive a prorated refund of the license fee paid hereunder for the then current license term (representing the portion of the current license term remaining as of the effective date of termination for the affected Site(s)). In addition, in such event or if TRUSTe’s use of the TRUSTe Xxxx(s) is challenged by a third party or TRUSTe becomes aware of a significant risk of such a challenge, TRUSTe may at its option uniformly provide its licensees with a replacement xxxx for the TRUSTe Xxxx(s) either generally or in any particular country(ies) which shall become the TRUSTe Xxxx(s) for all purposes under this Agreement. In the event TRUSTe provides such replacement(...
Termination by Either Party for Any Reason. Either party may terminate this Agreement at any time upon thirty (30) business days prior written notice for any reason (“Termination for Convenience”).
Termination by Either Party for Any Reason. This Agreement may be terminated at any time by either of the parties hereto for any reason whatsoever on three (3) months notice in writing. Upon termination of the Agreement, the area rate will be discontinued upon payment of all outstanding amounts.
Termination by Either Party for Any Reason. Each of the Company and Executive shall have the right to terminate Executive's employment under this Amended Agreement at any time for any reason or for no reason by written notice to the other party and Executive's employment shall automatically terminate upon Executive's death (each such event, a "Termination" and the date on which Executive's employment is terminated, the "Termination Date"). In the event of Termination, this Amended Agreement shall terminate immediately and both parties shall thereupon be released and discharged of and from all further obligations hereunder except that any provisions that by their nature survive termination shall so survive (including the Company's ongoing obligations pursuant to Section 5.2 and, if applicable, Executive's ongoing obligations pursuant to Sections 6.1 and 6.2) and the Company shall pay to Executive (or Executive's estate), on the Termination Date, all amounts accrued and unpaid as of the Termination Date in respect of (i) Executive's Annual Salary for services rendered through such date, (ii) vacation pay to the extent consistent with the Company's policies in effect as of the Termination Date regarding entitlement to payment in respect of accrued but unused vacation time and (iii) expenses owing to Executive pursuant to Section 4.1.
