Common use of Termination upon Liquidation Clause in Contracts

Termination upon Liquidation. Anything herein contained to the contrary notwithstanding, upon thirty (30) days' prior written notice to the Employee, the Corporation, at any time subsequent to the adoption of a resolution by the Board of Directors of the Corporation to the substantial effect that the Board of Directors deems it advisable that the business of the Corporation be terminated and its assets liquidated, may terminate this Agreement and all of the rights, obligations and duties of the parties hereunder.