TERMINATION BY EVENTS OF DEFAULT Sample Clauses

TERMINATION BY EVENTS OF DEFAULT. The employment of the Executive may be terminated at any time by the Company by notice but with immediate effect and without liability for compensation or damages:-
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TERMINATION BY EVENTS OF DEFAULT. 19.1. The Company may terminate the Employment immediately by written notice if the Executive:
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TERMINATION BY EVENTS OF DEFAULT. If the Executive:
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TERMINATION BY EVENTS OF DEFAULT. 7.1 If the Consultant shall have committed a breach of this agreement which is not capable of remedy or, if capable of remedy, shall have failed to remedy such a breach within 30 days of being notified of such breach by the Company, the Company may at any time without prejudice to any rights or claims it may have against the Consultant by notice in writing terminate this agreement with immediate effect and without any liability to pay any compensation, damages or fees in relation to any period after the date on which this agreement is terminated if at any time the Consultant shall:—
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TERMINATION BY EVENTS OF DEFAULT. 12.1 The Appointment may be terminated without cause if, in the reasonable judgement of a majority of the Board, such termination would be in the best interests of the SBS Group. In the event the Appointment is so terminated, the Executive shall be entitled to receive all amounts provided for under clause 6 for the remaining term of this Agreement and shall be entitled to immediate vesting of all the Option Shares. The period in which the Executive may exercise the Option Shares shall be determined in accordance with clause 7.5 above. In terms of the Bonus payable to the Executive under clause 6.3, the parties agree that the Executive shall be entitled to receive the amount of the Bonus last paid to the Executive by SBS under this Agreement (or any other service agreement) for each remaining year of the Appointment and each such payment will be pro rated on a time basis where any remaining period of the Appointment is less than twelve (12) months. (By way of example only if the Executive received a bonus of US$100,000 for 2002, if the Executive's services were terminated in 2003, he would receive an aggregate termination bonus of US$175,000.)
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TERMINATION BY EVENTS OF DEFAULT. The Company may at any time and without prejudice to any rights or claims it may have against the Consultant terminate the Consultancy by notice and with immediate effect and without any liability to pay any remuneration compensation or damages if at any time the Consultant:
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TERMINATION BY EVENTS OF DEFAULT. 7.1 Notwithstanding any other provision of this Agreement, the Company shall be entitled to terminate the engagement of the Services with immediate effect without any compensation to the Consultant, if the Consultant shall at any time:
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Related to TERMINATION BY EVENTS OF DEFAULT

  • Events of Default and Termination Events (i) The following provisions of Section 5 will not apply to either Party A or Party B: Section 5(a)(ii) Section 5(a)(iii) Section 5(a)(iv) Section 5(a)(v) Section 5(a)(vi) Section 5(b)(iii) Section 5(b)(iv)

  • Definition of Events of Default “Event of Default” means the occurrence of any of the following:

  • Certain Events of Default The following Events of Default will apply to the parties as specified below, and the definition of “Event of Default” in Section 14 is deemed to be modified accordingly:

  • Events of Default; Notice (a) The Guarantee Trustee shall, within 90 days after the occurrence of an Event of Default, transmit by mail, first class postage prepaid, to the Holders of the Capital Securities and the Guarantor, notices of all Events of Default actually known to a Responsible Officer of the Guarantee Trustee, unless such defaults have been cured before the giving of such notice, provided, however, that the Guarantee Trustee shall be protected in withholding such notice if and so long as a Responsible Officer of the Guarantee Trustee in good faith determines that the withholding of such notice is in the interests of the Holders of the Capital Securities.

  • Additional Events of Default The parties hereto acknowledge, confirm and agree that the failure of Borrower or any Guarantor to comply with any of the covenants, conditions and agreements contained herein or in any other agreement, document or instrument at any time executed by Borrower or any Guarantor in connection herewith shall constitute an Event of Default under the Financing Agreements.

  • Termination Upon Event of Default If Foothill terminates this Agreement upon the occurrence of an Event of Default, in view of the impracticability and extreme difficulty of ascertaining actual damages and by mutual agreement of the parties as to a reasonable calculation of Foothill's lost profits as a result thereof, Borrower shall pay to Foothill upon the effective date of such termination, a premium in an amount equal to the Early Termination Premium. The Early Termination Premium shall be presumed to be the amount of damages sustained by Foothill as the result of the early termination and Borrower agrees that it is reasonable under the circumstances currently existing. The Early Termination Premium provided for in this Section 3.7 shall be deemed included in the Obligations.

  • Waiver of Events of Default The Holders representing at least 66% of the Voting Rights affected by a default or Event of Default hereunder may waive such default or Event of Default; provided, however, that (a) a default or Event of Default under clause (i) of Section 7.01 may be waived only by all of the Holders of Certificates affected by such default or Event of Default and (b) no waiver pursuant to this Section 7.04 shall affect the Holders of Certificates in the manner set forth in Section 11.01(b)(i) or (ii). Upon any such waiver of a default or Event of Default by the Holders representing the requisite percentage of Voting Rights affected by such default or Event of Default, such default or Event of Default shall cease to exist and shall be deemed to have been remedied for every purpose hereunder. No such waiver shall extend to any subsequent or other default or Event of Default or impair any right consequent thereon except to the extent expressly so waived.

  • Events of Default, Etc During the period during which an Event of Default shall have occurred and be continuing:

  • Events of Default Any of the following shall constitute an Event of Default:

  • Other Events of Default Determination by COUNTY, the State Fair Employment Commission, or the Federal Equal Employment Opportunity Commission of discrimination having been practiced by CONTRACTOR in violation of State and/or Federal laws thereon.

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