Common use of Termination Due to Discontinuance of Business Clause in Contracts

Termination Due to Discontinuance of Business. Notwithstanding any other term or condition expressed or implied in this Agreement, in the event that the Employer will discontinue operating its business at the location where the Employee is employed, then, at the Employer's sole option, and as permitted by law, this Agreement will terminate as of the last day of the month in which the Employer ceases operations at such location with the same force and effect as if such last day of the month were originally set as the Termination Date of this Agreement.

Appears in 28 contracts

Samples: Settlement and Mutual Release Agreement (Golden Matrix Group, Inc.), Employment Agreement, Employment Contract

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Termination Due to Discontinuance of Business. Notwithstanding any other term or condition expressed or implied in this Agreement, in the event that the Employer will discontinue operating its business at the location where the Employee is employed, then, at the Employer's sole option, and as permitted by law, this Agreement will terminate as of the last day of the month in which the Employer ceases operations at such location with the same force and effect as if such last day of the month were originally set as the Termination Date Term of this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Gex Management, Inc.), Employment Agreement (Gex Management, Inc.), Employment Agreement (Gex Management, Inc.)

Termination Due to Discontinuance of Business. Notwithstanding any other term or condition expressed or implied In spite of anything contained in this AgreementAgreement to the contrary, in the event that the Employer will discontinue operating its business at the location where the Employee is employed, then, at the Employer's sole option, and as permitted by law, this Agreement will terminate as of the last day of the month in which the Employer ceases operations at such location with the same force and effect as if such last day of the month were originally set as the Termination Date termination date of this Agreement.

Appears in 3 contracts

Samples: Employment Contract (Anv Security Group Inc.), Employment Contract (Anv Security Group Inc.), Employment Contract (Veridicom International Inc)

Termination Due to Discontinuance of Business. Notwithstanding any other term or condition expressed or implied in this Agreement, in the event that the Employer will discontinue operating its it business at the location where the Employee is employed, then, at the Employer's sole option, and as permitted by law, this Agreement will terminate as of the last day of the month in which the Employer ceases operations at such location with the same force and effect as if such last day of the month were originally set as the Termination Date of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement

Termination Due to Discontinuance of Business. Notwithstanding any other term or condition expressed or implied In spite of anything contained in this Agreementagreement to the contrary, in the event that the Employer will employer shall discontinue operating its business at the location where the Employee is employed, then, at the Employer's sole option, and as permitted by law, then this Agreement will agreement shall terminate as of the last day of the month in which the Employer employer ceases operations at such location with the same force and effect as if such last day of the month were originally set as the Termination Date termination date of this Agreementagreement.

Appears in 2 contracts

Samples: Employment Agreement (International Solubles Corp), Employment Agreement (International Solubles Corp)

Termination Due to Discontinuance of Business. Notwithstanding any other term or condition expressed or implied In spite of anything contained in this Agreementagreement to the contrary, in the event that the Employer will employer shall discontinue operating its business at the location where the Employee is employed, then, at the Employer's sole option, and as permitted by lawbusiness, this Agreement will agreement shall terminate as of the last day of the month in which the Employer employer ceases operations at such location with the same force and effect as if such last day of the month were originally set as the Termination Date termination date of this Agreementagreement.

Appears in 2 contracts

Samples: Employment Agreement (Park City Group Inc), Employment Agreement (Park City Group Inc)

Termination Due to Discontinuance of Business. Notwithstanding any other term or condition expressed or implied in this Agreement, in the event that the Employer will discontinue operating its business at the location where the Employee is employed, then, at the Employer's ’s sole option, and as permitted by law, this Agreement will terminate as of the last day of the month in which the Employer ceases operations at such location with the same force and effect as if such last day of the month were originally set as the Termination Date of this Agreement.

Appears in 2 contracts

Samples: Executive Employment Contract (Applied Digital Corp.), Stock Purchase Agreement (Boxlight Corp)

Termination Due to Discontinuance of Business. Notwithstanding any other term or condition expressed or implied In spite of anything contained in this Agreementagreement to the contrary, in the event that the Employer will employer shall discontinue operating its business at the location where the Employee is employed, then, at the Employer's sole option, and as permitted by law, then this Agreement will agreement shall terminate as of the last day of the month in which the Employer employer ceases operations at such location operations-with the same force and effect as if such the last day of the month were originally set as the Termination Date termination date of this Agreementagreement.

Appears in 2 contracts

Samples: Employment Agreement (Venturi Technologies Inc), Employment Agreement (Venturi Technologies Inc)

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Termination Due to Discontinuance of Business. Notwithstanding any other term or condition expressed or implied In spite of anything contained in this AgreementAgreement to the contrary, in the event that the Employer Company will discontinue operating its business at the location where the Employee Consultant is employed, then, at the EmployerCompany's sole option, and as permitted by law, this Agreement will terminate as of the last day of the month in which the Employer Company ceases operations at such location with the same force and effect as if such last day of the month were originally set as the Termination Date termination date of this Agreement.

Appears in 2 contracts

Samples: Consulting Agreement (Keegan Resources Inc.), Consulting Agreement (Keegan Resources Inc.)

Termination Due to Discontinuance of Business. Notwithstanding any other term or condition expressed or implied In spite of anything contained in this Agreementagreement to the contrary, in the event that the Employer will employer shall discontinue operating its business at the location where the Employee is employed, then, at the Employer's sole option, and as permitted by lawbusiness, this Agreement will agreement shall terminate as of the last day of the month in which the Employer employer ceases operations at such location with the same force and effect as if such last day of the month were originally set as the Termination Date termination date of this Agreementagreement.

Appears in 1 contract

Samples: Employment Agreement (Park City Group Inc)

Termination Due to Discontinuance of Business. a. Notwithstanding any other term or condition expressed or implied in this Agreement, in the event that the Employer will discontinue operating its business at the location where the Employee is employed, then, at the Employer's sole option, and as permitted by law, this Agreement will terminate as of the last day of the month in which the Employer ceases operations at such location with the same force and effect as if such last day of the month were originally set as the Termination Date of this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Alpha Energy Inc)

Termination Due to Discontinuance of Business. Notwithstanding any other term or condition expressed or implied in this AgreementAnything herein contained to the contrary notwithstanding, in the event that the Employer will shall discontinue operating its business at the location where the Employee is employedbusiness, then, at the Employer's sole option, and as permitted by law, then this Agreement will agreement shall terminate as of the last day of the month in on which the Employer ceases operations at such location with the same force and effect as if such last day of the month were originally set as the Termination Date of this Agreementtermination date hereof.

Appears in 1 contract

Samples: Employment Agreement (Future Carz Inc)

Termination Due to Discontinuance of Business. Notwithstanding any other term or condition expressed or implied in this Agreement, in the event that the Employer will discontinue operating its business at the location where the Employee is employed, then, at the Employer's ’s sole option, and as permitted by law, this Agreement will terminate termi- nate as of the last day of the month in which the Employer ceases operations at such location with the same force and effect as if such last day of the month were originally set as the Termination Date of this Agreement.

Appears in 1 contract

Samples: Employment Agreement

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