Termination by SB Sample Clauses

Termination by SB. SB shall have the right to terminate this Agreement (i) prior to receipt of regulatory approval, upon sixty (60) days prior notice to Aphton, or (ii) after regulatory approval, upon one hundred eighty (180) days prior notice to Aphton, in the event that SB determines at its sole discretion that for safety, efficacy or economical reasons it does not wish to promote, market or sell the Product. In such event, SB shall have no further obligation to Aphton, except as provided in Section 13.4 hereof and Aphton shall have no further obligation to SB.
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Termination by SB pursuant to this Section 12.2, of the licenses it granted to CADUS under Section 5 of this Agreement shall also terminate the rights and obligations of the Parties set forth in Section 3 (other than Paragraphs 3.3(f) and (g), 3.8(b), and 3.12(c) thereof) of this Agreement but shall not terminate any other rights and obligations of the parties under this Agreement. Upon such termination, (i) CADUS shall have no further obligations to conduct the Research Program, (ii) SB shall have no further obligation to fund the Research Program under Paragraphs 3.3(b) and (d), and (iii) CADUS shall return to SB or destroy all SB Targets and Third Party Targets and all Screens in its possession or control that incorporate SB Targets and/or Third Party Targets.
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Termination by SB. Prior to the Acceptance Date, SB shall have the right to terminate this Agreement at the earlier of (a) eighteen (18) months after the Delivery Date (defined in 3.1.(i)) or (b) as from December 31, 2001 upon thirty (30) days prior notice to Aphton. Subsequent to the Acceptance Date, SB shall have the right to terminate this Agreement (i) prior to receipt of regulatory approval, upon sixty (60) days prior notice to Aphton, or (ii) after regulatory approval, upon one hundred eighty (180) days prior notice to Aphton, in the event that SB determines at its sole discretion that for safety, efficacy or economical reasons it does not wish to promote, market or sell the Product. In such event, SB shall have no further obligation to Aphton, except as provided in Section 13.4 hereof and Aphton shall have no further obligation to SB after regulatory approval, upon one hundred eighty (180) days prior notice to Aphton, in the event that SB determines at its sole discretion that for safety, efficacy or economical reasons it does not wish to promote, market or sell the Product. In such event, SB shall have no further obligation to Aphton, except as provided in Section 13.4 hereof and Aphton shall have no further obligation to SB.
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Termination by SB. SB may terminate its rights to DEVELOPMENT and commercialization of PRODUCT [CONFIDENTIAL TREATMENT REQUESTED] SB, using the same standards SB would use in assessing whether or not to continue development or commercialization of a product of its own making, that the patent, medical/scientific, technical, regulatory or commercial profile of PRODUCT does not justify continued SB involvement in the development or commercialization of PRODUCT in such [CONFIDENTIAL TREATMENT REQUESTED]. In such event, the provisions of Paragraph 12.01(c) and Paragraph 5.03 or 5.04, as the case may be, shall apply. (b)
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Termination by SB. Commencing on the first anniversary of the Effective Date, SB may terminate this Agreement in its entirety, on written notice to Aradigm as provided below, in the event that SB reasonably determines, using the same standards SB uses in assessing whether or not to continue development or marketing of its own internally-invented products, that the patent, medical/scientific, technical, regulatory, or commercial profile of the PRODUCTS do not justify continued development and/or marketing, as applicable, of the PRODUCTS. If SB elects to terminate the Agreement under this Section 14.3 prior to launch of commercial marketing of any PRODUCTS, SB must give Aradigm [*] advance written notice of its intention to terminate, and such termination will be effective at the end of such [*] notice period. During such period, [*] during such period by Aradigm within the agreed BUDGET for the DEVELOPMENT work to be conducted in the period provided that in the event there is any [*] as recorded in the report for such period to be provided to SB by Aradigm under Section 2.4, [*] within thirty (30) days after [*] therefor. If SB elects to terminate the Agreement under this Section 14.3 after commercial launch of any PRODUCTS, SB must give Aradigm [*] advance written notice of its intention to terminate, and such termination will be effective at the end of such [*] notice period. SB may continue to sell any PRODUCTS remaining in its inventory during such notice period, but such right to continue selling PRODUCTS shall terminate upon termination of the Agreement at the end of such notice period. * Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.
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Related to Termination by SB

  • Termination by Owner Owner may also terminate this Agreement at any time before Contractor begins the Work and notifies Owner in writing of such commencement if (1) Owner sells the property on which the Work is being performed or (2) the economic climate does not warrant proceeding with the project of which the Work is a part. In such circumstance, Contractor shall be entitled to receive that portion of the Contract Price earned by Contractor for Work performed to the satisfaction of Owner less any payments made before the date this Agreement is terminated. Contractor shall not be entitled to any additional compensation or damages as a result of termination of this Agreement pursuant to this Paragraph 12(c).

  • Termination by Seller This Agreement may be terminated by Seller and the purchase and sale of the Station abandoned, if Seller is not then in material default, upon written notice to Buyer, upon the occurrence of any of the following:

  • Termination by Bank If the Bank, or its successor in interest by merger, or its transferee in the event of a purchase in an assumption transaction (for reasons other than Executive's death, disability, or Cause) (1) terminates Executive's employment within one year following a Change in Control (as defined below), or (2) terminates Executive's employment before the Change in Control but on or after the date that any party either announces or is required by law to announce any prospective Change in Control transaction and a Change in Control occurs within six months after the termination, the Bank will provide Executive with the payment and benefits described in Section 9(d)(3) below.

  • Termination by Parent This Agreement may be terminated and the Merger may be abandoned at any time prior to the Effective Time by Parent if:

  • Termination by You In the event of an Employment Separation as a result of a termination by you for any reason, you must provide the Company with at least 14 days advance written notice ("Notice of Termination") and continue working for the Company during the 14-day notice period, but only if the Company so desires to continue your employment and to compensate you during such period. In the event of such termination under this Section, the Company will pay you the earned but unpaid portion of your Basic Salary through the termination date.

  • Termination by Sellers This Agreement may be terminated at any time prior to the Closing Date by Sellers as follows:

  • Termination by Xxxxxx This Agreement may be terminated and the Merger Transactions abandoned at any time before the Acceptance Time by Parent:

  • Termination by Buyer This Agreement and the transaction contemplated herein may be terminated and abandoned at any time on or prior to the Closing Date by Buyer, if:

  • Termination by Death If the Executive dies during the Employment Term, the Executive’s employment will terminate and the Executive’s beneficiary or if none, the Executive’s estate, shall be entitled to receive from the Company, the Executive’s accrued, but unpaid, Base Salary through the date of termination of employment and any vested benefits under any Employee Plan in accordance with the terms of such Employee Plan and applicable law.

  • Termination by Agreement In the event Practice and Business ------------------------ Manager shall mutually agree in writing, this Management Services Agreement may be terminated on the date specified in such written agreement.

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