Common use of Termination by Optionee Clause in Contracts

Termination by Optionee. OPTIONEE has the right at any time to terminate this OPTION AGREEMENT or to terminate its rights to any or all PATENT RIGHTS by providing notice (“NOTICE OF TERMINATION”) to REGENTS. Such NOTICE OF TERMINATION shall be subject to to the Notices Article of this OPTION AGREEMENT and such will be effective sixty (60) days from the effective date of such NOTICE OF TERMINATION.

Termination by Optionee. OPTIONEE has the right at any time to terminate this OPTION AGREEMENT or to terminate its rights to any or all PATENT RIGHTS by providing notice (“a NOTICE OF TERMINATION”) TERMINATION to REGENTS. Such NOTICE OF TERMINATION shall be subject to to the Notices Article The termination of this OPTION AGREEMENT and such will be effective no earlier than sixty (60) days from the effective date of such NOTICE OF TERMINATIONnotice. Such notices are subject the Notices Article of this OPTION AGREEMENT.