Termination of the Consulting Agreement Sample Clauses

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. 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. The parties hereby agree that the Consulting Agreement shall automatically terminate effective as of the Termination Date, with no further action required by any party. As of the Termination Date, the Consulting Agreement will have no further force or effect and the parties will have no further rights or obligations under the Consulting Agreement; provided, however, that the rights and obligations that survive termination of the Consulting Agreement pursuant to its terms will survive in accordance with the terms of the Consulting Agreement.

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. (a) The Consulting Agreement shall be suspended with effect as of June 30, 2007 and shall terminate as of the Closing Date, except for the provisions regarding confidentiality set forth in Article 5 thereof. In consideration for the acceptance by the Sellers (i) to terminate the Consulting Agreement before its stated term and (ii) not to bring any claim nor institute any proceeding, judicial or otherwise, against Quiksilver in connection with the Consulting Agreement or its termination hereby, Quiksilver shall pay to the Sellers on the Closing Date an amount equal to three million five hundred thousand (3,500,000) Euros, as well as any payments outstanding under the Consulting Agreement in respect of the period prior to July 1, 2007. (b) The Sellers shall maintain confidential any information or document that they possess as of the date hereof, including all copies of any reports or analyses, that they may have prepared or presented in connection with the Consulting Agreement.

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. (1) The term of this Consulting Agreement shall commence on the Consulting Commencement Date and shall terminate one year later, on September 18, 2016. (2) Company may terminate this Consulting Agreement (including any SOW hereunder or any license pursuant thereto) in whole or in part, for its convenience, at any time. Either party may terminate this Agreement (including any SOW hereunder or any license pursuant thereto) upon material breach by the other party for any conflict of interest as determined by the Board of Directors that has not been cured within thirty (30) business days. (3) Company by written notice, may terminate this Consulting Agreement (including any SOW hereunder or any license pursuant thereto) in whole or in part, based on a default by Consultant which has not been cured within ten (10) business days. Such default shall be based on the following: (1) if Consultant fails to materially comply with any of the terms and conditions of this Consulting Agreement (including all SOWs hereunder), (2) Consultant’s engagement as an employee, consultant, or advisor to any third party who is presently developing and manufacturing or intending to develop or manufacture a product or provides any services having the same functions or purposes of any of the products of Company without first the full knowledge and written consent of Company, and/or (3) if Consultant subject to any bankruptcy or insolvency proceeding under federal or state statute, or becomes subject to direct control by a trustee or similar authority. Upon the occurrence of (1), (2), or (3) above by Consultant, at its election, Company shall have the immediate right to do one or more of the following: (a) terminate this Consulting Agreement; (b) terminate any SOW hereunder or license to which the default relates; or (c) exercise any or all other rights or remedies provided in this Consultant Agreement and/or available at law or in equity consistent with this Consulting Agreement. Consultant shall continue performance of all Services not terminated pursuant to this section. As long as Employee continues to provide some services for the Company he shall continue to be paid his consulting fee.

Termination of the Consulting Agreement. (1) WFOE hereby terminates the Consulting Agreement, and Hunan Xiangmei and Shareholders hereby accept such termination (collectively the “Termination”). (2) In accordance with Section 7 of the Consulting Agreement, this Agreement shall constitute written notice of the Termination. (3) The Termination shall become effective upon the receipt by Hunan Xiangmei.

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. 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.