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Termination of the Option Agreement Sample Clauses

Termination of the Option Agreement. Each of the Parties acknowledge and agree that effective as of the Effective Date, the Option Agreement is terminated, without any further act or formality, and as of such date the Option Agreement is of no further force or effect.
Termination of the Option Agreement. 5.1 This Option will be terminated under any of the following circumstances. a) At the moment of signing the Gas Storage Agreement in case the Option Customer calls Option pursuant to this Agreement; Or b) At 14:00 CET on the last day of the Option Period within which the Option Customer was entitled to deliver to the SSO the Option Notification, in case the Option Customer fails to deliver to the SSO the Option Notification in accordance with this Option Agreement. 5.2 The Parties agreed not to return to each other already provided compensation upon termination of the Option Agreement, especially, but not exclusively, the SSO shall not return Premium component of the Storage Price already paid by the Option Customer.
Termination of the Option Agreement. 3.8.1 Grounds for termination of the Option Agreement are: (a) LUMINA failure to timely pay any of the Retraction Token detailed in numerals 3.4.1 y 3.4.2 after the adjustments foreseen in numeral 3.4.3 of Third Clause and last paragraph of paragraph 3.4.1 on penalties for demurrages had occur, provided THE TITLEHOLDERS had complied with serving the requirement Notice and LUMINA failed on timely correcting in accordance to numeral 3.4.9.
Termination of the Option Agreement. The Company and Xxxxx acknowledge that Xxxxx was granted stock options (the “Options”) in the Company in accordance with the terms of that certain stock option agreement dated July 21, 2008 (the “Option Agreement”) and the Company’s 2008 Equity Incentive Plan. Xxxxx acknowledges and agrees that the Options, both vested and unvested, and the Option Agreement are hereby terminated as of the date hereof. Xxxxx agrees to promptly deliver the Option Agreement to the Company for cancellation.
Termination of the Option Agreement a. Upon the execution and delivery of this Agreement by both Parties, the Option Agreement shall be deemed to have expired and shall be null and void.
Termination of the Option Agreement. (1) Each of WFOE, Hunan Xiangmei and Shareholders hereby agree to terminate the Option Agreement.
Termination of the Option Agreement. (1) Party A, Party B and Shareholders hereby unanimously agree to terminate Option Agreement.
Termination of the Option AgreementEffective as of the Effective Time and following the consummation of the transactions contemplated in Section 8.19 of the Merger Agreement, the Company, GF, EV, RF, EF and JF hereby terminate the Option Agreement together with all rights, duties and obligations of the parties thereunder. From and after the Effective Time, such parties shall have no, and hereby release each other from all, Obligations against each other that the parties ever had or now have or may claim to have or hereafter have or claim to have to or against any of the other parties under the Option Agreement, and the Option Agreement shall be considered void and of no further force and effect for all purposes.
Termination of the Option Agreement 

Related to Termination of the Option Agreement

  • Termination of the Option The Option shall terminate and may no longer be exercised after the first to occur of (a) the close of business on the Option Expiration Date, (b) the close of business on the last date for exercising the Option following termination of the Participant’s Service as described in Section 7, or (c) a Change in Control to the extent provided in Section 8.

  • Termination Agreement 8.01 Notwithstanding any other provision of this Agreement, WESTERN, at its sole option, may terminate either a Purchase Order or this Agreement at any time by giving fourteen (14) days written notice to CONSULTANT, whether or not a Purchase Order has been issued to CONSULTANT. 8.02 In the event of termination of either a Purchase Order or this Agreement, the payment of monies due CONSULTANT for work performed prior to the effective date of such termination shall be paid within thirty (30) days after receipt of an invoice as provided in this Agreement. Upon payment for such work, CONSULTANT agrees to promptly provide to WESTERN all documents, reports, purchased supplies and the like which are in the possession or control of CONSULTANT and pertain to WESTERN.

  • Termination of the Agreement In the event of failure by the participant to perform any of the obligations arising from the agreement, and regardless of the consequences provided for under the applicable law, the institution is legally entitled to terminate or cancel the agreement without any further legal formality where no action is taken by the participant within one month of receiving notification by registered letter. If the participant terminates the agreement before its agreement ends or if he/she fails to follow the agreement in accordance with the rules, he/she shall have to refund the amount of the grant already paid, except if agreed differently with the sending organisation. In case of termination by the participant due to "force majeure", i.e. an unforeseeable exceptional situation or event beyond the participant's control and not attributable to error or negligence on his/her part, the participant shall be entitled to receive at least the amount of the grant corresponding to the actual duration of the mobility period. Any remaining funds shall have to be refunded, except if agreed differently with the sending organisation.

  • Termination of Option (a) The Optionee’s right to exercise any options that have vested and are exercisable shall terminate on the earliest of the following dates: (i) The Expiration Date; (ii) Subject to subsections (c) and (d) below, the date which is six (6) months from the date on which the Optionee ceases to act as an officer of the Company or any subsidiary of the Company; (iii) In the event of the termination of the Optionee as an officer of the Company or any subsidiary of the Company as a result of a breach of the Optionee’s obligations to the Company or any subsidiary of the Company, or as a result of any dishonesty, fraud, misconduct, the unauthorized use or disclosure of confidential information or trade secrets, or conviction or confession of a crime punishable by law (except minor violations) (each of which being a termination for “Cause”), the earliest date on which the Optionee is notified by the Company of such termination; and (iv) The date which is six (6) months from the date of the Optionee’s death or the date the Optionee is determined by the Company to be unable to perform his or her duties as an officer of the Company or any subsidiary of the Company as a result of any mental or physical disability that is expected to result in death or that is expected to last for a continuous period of twelve (12) months or more (the “Disability Determination Date”). (b) The Optionee’s right to exercise any options that have not vested and are not exercisable shall terminate on the earliest of the following dates: (i) The date the Optionee ceases to act as an officer of the Company or any subsidiary of the Company; (ii) In the case of the termination of the Optionee as an officer of the Company or any subsidiary of the Company for Cause, on the earliest date on which the Optionee is notified by the Company of such termination; and (iii) The date of the Optionee’s death or the Disability Determination Date, as applicable. (c) For purposes of this Section 7, the Optionee will be deemed not to have ceased to act as an officer of the Company or any subsidiary of the Company (the “Original Position”) if the Optionee continues to act as an employee, officer, director or consultant of the Company or a subsidiary of the Company in some other capacity immediately upon ceasing to act in the Original Position. (d) Also notwithstanding the forgoing, if the Optionee dies after he or she ceases to be an officer of the Company or any subsidiary of the Company for reasons other than a termination for Cause or for disability in accordance with the above, the Optionee’s right to exercise any options that have vested and are exercisable on the date the Optionee ceases to be an officer of the Company or any subsidiary of the Company shall terminate on the earliest of the Expiration Date and the date which is six (6) months after the date of death.

  • Termination of Contract The Department may terminate the Contract for refusal by the Contractor to comply with this section by not allowing access to all public records, as defined in Chapter 119, F. S., made or received by the Contractor in conjunction with the Contract.

  • Termination of Agreement for Cause 5.1.1. If A/E breaches any of the covenants or conditions of this AGREEMENT, COUNTY shall have the right to terminate this AGREEMENT upon ten (10) days written notice prior to the effective day of termination. 5.1.2. A/E shall have the opportunity to cure the alleged breach prior to termination. 5.1.3. In the event the alleged breach is not cured by A/E prior to termination, all work performed by A/E pursuant to this AGREEMENT, which work has been reduced to plans or other documents, shall be made available to COUNTY.

  • Termination of Management Agreement Evidence of the termination of any and all management agreements affecting the Property, effective as of the Closing Date, and duly executed by Seller and the property manager.

  • Termination of Agreement If this Agreement is terminated by the Representatives in accordance with the provisions of Section 5 or Section 9(a)(i) hereof, the Company shall reimburse the Underwriters for all of their out-of-pocket expenses, including the reasonable fees and disbursements of counsel for the Underwriters.

  • Complete Disposal Upon Termination of Service Agreement Upon Termination of the Service Agreement Provider shall dispose or delete all Student Data obtained under the Service Agreement. Prior to disposition of the data, Provider shall notify LEA in writing of its option to transfer data to a separate account, pursuant to Article II, section 3, above. In no event shall Provider dispose of data pursuant to this provision unless and until Provider has received affirmative written confirmation from LEA that data will not be transferred to a separate account.

  • Termination of Existing Agreement The Existing Agreement is hereby terminated and replaced and superseded by this Agreement, effective August 1, 2001. All payments, of Base Salary or otherwise, made by the Company under the Existing Agreement with respect to any period commencing on or after August 1, 2001 shall be credited against the corresponding payment obligations of the Company under this Agreement.