Common use of Walk-Away Right Clause in Contracts

Walk-Away Right. (A) Organon shall have the option, in its sole discretion, to terminate the Program and this Agreement if, but only if, certain thresholds of participation (“Required Participation Thresholds”) in the Settlement Program are not met, as set forth in Paragraph (B) below (the “Walk Away Right”). (B) Organon’s Walk Away Right may be overcome only if each of the following Required Participation Thresholds is satisfied by the Program Participants: (1) Overall Participation: No less than ninety-five percent (95%) participation of all Eligible Enrollees regardless of Alleged Injury;

Appears in 3 contracts

Samples: Master Settlement Agreement, Master Settlement Agreement, Master Settlement Agreement

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Walk-Away Right. (A) Organon shall have the option, in its sole discretion, to terminate the Program and this Agreement if, but only if, certain thresholds of participation (“Required Participation Thresholds”) in the Settlement Program are not met, as set forth in Paragraph (B) below (the “Walk Away Right”). (B) OrganonXxxxxxx’s Walk Away Right may be overcome only if each of the following Required Participation Thresholds is satisfied by the Program Participants: (1) Overall Participation: No less than ninety-five percent (95%) participation of all Eligible Enrollees regardless of Alleged Injury;

Appears in 1 contract

Samples: Master Settlement Agreement

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