Common use of Termination without cause by the Consultant and Cancellation of the Residual Bonus Option Clause in Contracts

Termination without cause by the Consultant and Cancellation of the Residual Bonus Option. Notwithstanding any other provision of this Agreement, this Agreement may be terminated by the Consultant at any time after the Effective Date and during the Initial Term and during the continuance of this Agreement upon the Consultant's delivery to the Company of prior written notice of its intention to do so (the "Notice of Termination" herein) at least 30 calendar days prior to the effective date of any such termination (the end of such 30-day period from such Notice of Termination being the "Effective Termination Date" herein). In any such event the Consultant's ongoing obligation to provide the General Consulting Services will continue until the Effective Termination Date and, subject to the following, the Company's ongoing obligation to provide and to pay to the Consultant all of the amounts otherwise payable to the Consultant under Article "4" hereinbelow will continue until the Effective Termination Date. In this regard it is hereby acknowledged and agreed by the Parties hereto that, as the Bonus Option (as hereinafter determined) consideration, which is to be provided by the Company to the Consultant in accordance with section "4.2" hereinbelow, is being provided in advance and on the premise that the Consultant will provide the General Consulting Services for the entire Initial Term hereof, should the Effective Termination Date hereunder be prior to the end of the Initial Term, the Consultant shall then be deemed, with its Notice of Termination, to have thereby cancelled its then right to acquire any remaining Bonus Option Shares (as hereinafter determined) under its then remaining Bonus Option outstanding on the date of its Notice of Termination (the "Cancellation of the Residual Bonus Option").

Termination without cause by the Consultant and Cancellation of the Residual Bonus Option. Notwithstanding any other provision of this Agreement, this Agreement may be terminated by the Consultant at any time after the Effective Date and during the Initial Term and during the continuance of this Agreement upon the Consultant's delivery delivery.. to the Company of prior written notice of its intention to do so (the "Notice of Termination" herein) at least 30 calendar days prior to the effective date of any such termination (the end of such 30-30- day period from such Notice of Termination being the "Effective Termination Date" herein). In any such event the Consultant's ongoing obligation to provide the General Consulting Services will continue until the Effective Termination Date and, subject to the following, the Company's ongoing obligation to provide and to pay to the Consultant all of the amounts otherwise payable to the Consultant under Article "4" hereinbelow will continue until the Effective Termination Date. , In this regard it is hereby acknowledged and agreed by the Parties hereto that, as the Bonus Option (as hereinafter determined) consideration, which is to be provided by the Company to the Consultant in accordance with section "4.2" hereinbelow, is being provided in advance and on the premise that the Consultant will provide the General Consulting Services for the entire Initial Term hereof, should the Effective Effective. Termination Date hereunder be prior to the end of the Initial Term, the Consultant shall then be deemed, with its Notice of Termination, to have thereby cancelled its then right to acquire any remaining Bonus Option Shares (as hereinafter determined) under its then remaining Bonus Option outstanding on the date of its Notice of Termination (the "Cancellation of the Residual Bonus Option").