Common use of Termination by Parties Clause in Contracts

Termination by Parties. Each party may terminate this agreement for any reason and without the obligation to provide a reason or conduct any prior hearing, upon providing four (4) months prior written notice to the other party. The Employee acknowledges and agrees that he has been given ample opportunity to consider the aforesaid waiver and further acknowledges that the Salary includes due consideration for such waiver.

Termination by Parties. Each party may terminate this agreement for any reason and without the obligation to provide a reason or conduct any prior hearing, upon providing four ninety (490) months days prior written notice to the other party; provided however, that for the first six (6) months following the Commencement Date, the Company may terminate this Agreement subject only to the minimum notice period required by law. The Employee acknowledges and agrees that he she has been given ample opportunity to consider the aforesaid waiver and further acknowledges that the Salary includes due consideration for such waiver.