Common use of Termination Pursuant to Section 4 Clause in Contracts

Termination Pursuant to Section 4. Either party may terminate this Agreement at any time subject to and in accordance with the provisions of Section 4. Upon the termination of this Agreement pursuant to Section 4 (other than a termination by RXi that is treated under Section 4 as a termination for Cause or a termination by the SAB Member other than for Good Reason), the Granting Party shall remain obligated to grant all Options under this Agreement required pursuant to Section 3(A)(2) hereof at the times and under the terms specified hereunder.

Appears in 4 contracts

Samples: Scientific Advisory Board Agreement (Rxi Pharmaceuticals Corp), Scientific Advisory Board Agreement (Rxi Pharmaceuticals Corp), Scientific Advisory Board Agreement (Rxi Pharmaceuticals Corp)

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