Termination of Payment Obligations. Notwithstanding any other provision contained herein, in the event that Executive breaches any duties set forth in these Restrictive Covenants, then Executive shall not be entitled to any post-termination compensation or benefits of any kind, Executive shall immediately reimburse Company for all reasonable post-termination amounts previously paid by Company and Company’s cost associated with the provision of any post-termination benefits to Executive, and the duties set forth in these Restrictive Covenants shall continue in full force and effect.
Termination of Payment Obligations. All payment obligations with respect to the Terminated Products in the Terminated Countries hereunder will terminate, other than those that are accrued and unpaid as of the effective date of such termination. For any payment obligations that are accrued and unpaid as of the effective date of termination, an invoice must be provided no later than [***] after the effective date of termination.
Termination of Payment Obligations. Lessee’s obligation to make the payments MGC-054.doc required under Sections 3.A and 3.B shall cease upon the earlier of: (i) exercise by Lessee of its Option to purchase the Premises pursuant to Section 11.B; or (ii) termination of this Agreement under Section 6.
Termination of Payment Obligations. 6.1.1 During the term of this Agreement, neither XOMA nor any of its Affiliates shall take any action or initiate any proceeding to prevent the issuance of, invalidate, revoke or otherwise render unenforceable any of the Patent Rights (as defined in the Assignment Agreement dated as of December 8, 1999, between IRC and Connetics). Within ninety (90) days after the date hereof, XOMA and its Affiliates shall terminate, dismiss and withdraw all such actions and proceedings which were taken or initiated by it or any of its Affiliates on or before the date hereof.
6.1.2 Without limiting the rights and remedies of IRC at law, in equity or otherwise, if XOMA or any of its Affiliates (a) takes during the term of this Agreement any action or initiates any proceeding to prevent the issuance of, invalidate, revoke or otherwise render unenforceable any of the Patent Rights (as defined in the Assignment Agreement dated as of December 8, 1999, between IRC and Connetics), or (b) fails within ninety (90) days after the date hereof to terminate, dismiss and withdraw any such action or proceeding which was taken or initiated by it or any of its Affiliates on or before the date hereof, then, if IRC is not itself in material breach of the Original Agreement or this Agreement, within ten (10) days after written notice from IRC, (x) XOMA shall refund to IRC all amounts paid by IRC to XOMA under this Agreement; (y) XOMA shall sell, assign and transfer to IRC (at no cost to IRC) the number of shares of Common Stock of IRC issued to XOMA under Section 3.1.2 of this Agreement (or if XOMA no longer owns the IRC shares, XOMA shall pay to IRC an amount equal to the full amount of consideration received for the sale of such shares); and (z) IRC shall have no further obligation to pay any amounts to XOMA under the Original Agreement or this Agreement.
6.1.3 Without limiting the rights and remedies of IRC at law, in equity or otherwise, if Connetics, Xxxxxxxxxx or any of their respective Affiliates (a) takes during the term of this Agreement any action or initiates any proceeding to prevent the issuance of, invalidate, revoke or otherwise render unenforceable any of the Patent Rights (as defined in the Assignment Agreement dated as of December 8, 1999, between IRC and Connetics), or (b) fails within ninety (90) days after the date hereof to terminate, dismiss and withdraw any such action or proceeding which was taken or initiated by it or any of its Affiliates on or before the date hereo...
Termination of Payment Obligations. Employee acknowledges and agrees that all of the Company's obligations under Paragraph 1 of this Agreement will terminate immediately if Employee materially breaches any provision if this Agreement. The termination provisions of this Paragraph do not limit in any way the Company's remedies provided in other provisions of this Agreement, all such remedies being cumulative. The Company's decision to discontinue benefits to Employee under this Paragraph shall not affect the remaining obligations and benefits under this Agreement.
Termination of Payment Obligations. Buyer's obligation to make Purchase Price payments for any given Product shall end upon the expiration of all Patents containing claims that cover that Product. Buyer's obligation to make Purchase Price Payments shall terminate completely upon expiration of the last Patent to expire.
Termination of Payment Obligations. Regardless of whether Company elects to treat the Agreement as continuing, Company’s obligations in Section 2 of this Agreement terminate immediately if: (A) Employee fails to comply, in whole or in part, with his obligations in Section 4, (B) Employee attempts to avoid or invalidate, in whole or in part, his obligations in Section 4 or (C) a court finds Section 4 to be unenforceable, in whole or in part; provided that the Company shall not be excused from its obligations under Section 2 if Employee did not instigate, request, or participate in such proceeding and Employee continues to perform his obligations under and does not breach the provisions of Section 4. Upon such termination, Company shall not be obligated to pay Employee any amounts not yet due, prorated or otherwise.
Termination of Payment Obligations. (a) If at any time prior to the Expiration Date the Board of Directors determines in good faith that Xx. Xxxxxxxxx has breached any provision of this Agreement, (i) all payments and eligibility for benefits under this Agreement shall immediately cease and the Company shall have no further obligations of any kind under this Agreement, and (ii) any Company stock options held by Xx. Xxxxxxxxx at such time shall cease to be exercisable. In addition, the continued payment and eligibility for benefits under this Agreement, and the right to exercise your Company stock options, are contingent upon Xx. Xxxxxxxxx'x continuing to cooperate reasonably with the Company and its Audit Committee in any investigations. The Company agrees that it shall provide Xx. Xxxxxxxxx reasonable notice to comply with any such requests to cooperate with the Company and its Audit Committee in any investigations, that it shall accommodate Xx. Xxxxxxxxx'x schedule within reason with respect to any such requests for cooperation, and that it shall reimburse Xx. Xxxxxxxxx for any reasonable out-of-pocket expenses incurred in connection with cooperating with the Company pursuant to such a request.
(b) In the event that Xx. Xxxxxxxxx contests any determination by the Board of Directors that he has breached a provision of this Agreement, the Company agrees to advance any and all reasonable legal fees and related expenses incurred by Xx. Xxxxxxxxx in connection with any action, suit, or arbitration he might bring against the Company to recover the payments and benefits he is due under this Agreement. In consideration of such advances, Xx. Xxxxxxxxx agrees to provide the Company with an undertaking agreeing to repay immediately the Company any and all payments advanced to cover his reasonable attorney's fees and expenses in connection with such action, suit or arbitration in the event it is ultimately determined by the fact-finder that Xx. Xxxxxxxxx materially breached a provision of this Agreement.
Termination of Payment Obligations. AGD's obligation to make royalty payments to AVI for any given SS Product shall end upon the expiration of all AVI patents claims that cover that SS Product.
Termination of Payment Obligations. AGD's obligation to make royalty payments to AVI for any given DPI shall end upon the expiration of all AVI patents containing claims that cover that DPI.
