Termination of the Consulting Agreement. The parties hereby are waiving all notice requirements under the Consulting Agreement and agree that the Consulting Agreement shall be terminated immediately upon the execution of this Agreement. As of the date hereof, each party acknowledges that all responsibilities of the other party under the Consulting Agreement have been fully performed, and that neither party has any outstanding obligations or responsibilities, including payment obligations, to the other party.
Termination of the Consulting Agreement. The parties hereby mutual agree that the Consulting Agreement is terminated effective as of January 12, 2007, and that, except as expressly set forth herein, no party shall have any obligations or liabilities to the other thereunder. Notwithstanding the foregoing sentence, the parties hereby acknowledge and agree that Section 7 of the Consulting Agreement shall survive termination.
Termination of the Consulting Agreement. Company and Consultant hereby agree to terminate the Consulting Agreement effective as of the close of business on the date of this Agreement (the “Effective Time”). Except as otherwise provided in this Agreement or in Paragraph 10.05 of the Consulting Agreement, all provisions of the Consulting Agreement, and the obligations of the Parties shall terminate as of the Effective Time.
Termination of the Consulting Agreement. Each party hereto, on behalf of itself and its affiliates and its and their respective predecessors, successors, parents, subsidiaries, agents, attorneys, officers, employees, directors, members, managers, partners, shareholders, representatives and assigns (collectively, the “Releasing Parties”, each a “Releasing Party”), severally agrees (notwithstanding and irrespective of any agreement, document, matter, or thing (including, but not limited to, any terms of the Consulting Agreement)) that the Consulting Agreement is hereby terminated in its entirety and that the Consulting Agreement has no force and/or effect (past, present and/or future) whatsoever.
Termination of the Consulting Agreement. Subject to the satisfaction of the payment and delivery requirements set forth in Section 1.2 hereof, each of Aurora and Azevedo acknowledges that the Consulting Agreement is terminated anx xx xxrther force and effort.
Termination of the Consulting Agreement. Subject to and upon the consummation of the Transaction:
Termination of the Consulting Agreement. In the event that the --------------------------------------- Consulting Agreement, as amended, is terminated for any reason other than (a) the death of Xx. Xxxxxx, (b) in the case of termination by Xx. Xxxxxx, for any reason other than Company Breach as defined in Section 1(c) of the Consulting Agreement, as amended, or (c) in the case of termination by the Company, for any reason other than cause, as defined therein (the foregoing hereinafter collectively referred to as a "Termination"), on or before September 30, 1996, the Option shall lose its vested status as to 125,000 of the Shares subject thereto, and the Option shall be reduced to an option to purchase 175,000 shares of Common Stock, and the Option as to the 175,000 Shares may still be exercised in whole or in part on any one or more occasions on or prior to the Expiration Date. In the event that a Termination occurs after September 30, 1996 and before October 1, 1997, the Option shall lose its vested status as to 62,500 of the Shares subject thereto, and the Option shall be reduced to an option to purchase 237,500 shares of Common Stock, and the Option as to the 237,500 Shares may still be exercised in whole or in part on any one or more occasions on or prior to the Expiration Date.
Termination of the Consulting Agreement. As of the effective date, each party hereto agrees that the Consulting Agreement is terminated in its entirety and further agrees that neither party is entitled to any compensation, damages or other remedy or obligation arising out of or in connection with the Consulting Agreement.
Termination of the Consulting Agreement. (1) The term of this Consulting Agreement shall commence on the Consulting Commencement Date and shall terminate one year later, on September 18, 2016.
Termination of the Consulting Agreement. Effective January 1, 2007, the Consulting Agreement is hereby terminated.
