Compensation for termination Sample Clauses

Compensation for termination. Party A agree to pay NT as the compensation for the termination of this Agreement due to the Section 12.(3) or 12.(4) to Party B or her Successor. Parry A also agrees to pay NT as the compensation for the termination of this Agreement due to other reason, except the request of termination made by Party B, to Party B.

Compensation for termination. Subject to Clause 23 below, upon NOVARTIS’ termination, CBMG shall not be entitled to any compensation, damages or other payment whatsoever, whether in respect of goodwill, loss of profit or otherwise.

Compensation for termination. (a) If LLA exercises its right to terminate the Concession Agreement in accordance with clause 9.1(b), the Council and LLA jointly and severally agree to pay to the Concessionaire an amount equal to: (i) a Termination Payment calculated in accordance with Part 2 (Termination pursuant to Clause 17.2) of Schedule 14 (Termination Schedule) to the Existing Concession Agreement, provided that for the purpose of calculating the Full Equity Amount in the case of a termination following failure to achieve Substantial Completion, and the issue of a Certificate of Substantial Completion, in respect of LESS (ii) in the case of a failure to achieve Substantial Completion and the issue of a Certificate of Substantial Completion in respect of (after deducting any amount irrevocably paid to LLA under clause 9.1(a)(i)); (iii) in the case of a failure to achieve Substantial Completion and the issue of a Certificate of Substantial Completion in respect of (after deducting any amount irrevocably paid to LLA under clause 9.1(a)(ii)); and (iv) in the case of a failure to achieve Substantial Completion and the issue of a Certificate of Substantial Completion in respect of (Indexed) (after deducting any amount irrevocably paid to LLA under clause 9.1(a)(iii)), (the net amount being referred to as the "Relevant Termination Amount"). (b) The Relevant Termination Amount shall be payable by LLA to the Concessionaire within 10 Business Days of the later of the Termination Date and the date on which the Relevant Termination Amount is agreed or determined pursuant to the Disputes Procedure, provided that interest shall accrue at the Concessionaire Borrowing Rate (compounded quarterly) on the Relevant Termination Amount from the Termination Date`. (c) Termination by LLA pursuant to clause 9.1(b) shall not take effect until the Relevant Termination Amount has been paid by LLA to the Concessionaire in full. (d) If, by a date one month after the date the Relevant Termination Amount is due, the Relevant Termination Amount has not been paid in full, the Concessionaire may, by notice to LLA and the Council in writing, cancel such termination, in which case the Concession Period shall continue and any right of LLA under clause 9.1(b) shall cease and determine.

Compensation for termination. The Senior Executive is entitled to the payment of compensation, on the termination of employment by the Employer, as determined by clause 39 of the GSE Regulation.

Compensation for termination. [Note. If the Office Holder is removed from office by the Governor under section 77 of the GSE Act, the Office Holder is entitled to compensation in accordance with section 78 of that Act.] [The following provisions are to be included only if the Act under which the Office Holder is appointed provides that the provisions of the GSE Act relating to the termination of employment of Public Service senior executives apply to the Office Holder]

Compensation for termination. The Principals undertake not to terminate the construction or operation of the Fixed Link other than in accordance with Clauses 29, 36 or 37. Any breach by a Principal of this obligation will give the Concessionaires a right to compensation.

Compensation for termination. In the event of termination not the fault of Consultant, Consultant shall be compensated for Services performed in accordance with this Agreement prior to termination, but not for lost or anticipated profits on the portion of the Services that were not performed. In the event of termination for default, Consultant shall be compensated for Services performed prior to termination. However, Consultant shall be responsible for all reasonable and actually incurred costs and damages suffered by Owner as a result of such termination for default (including without limitation any increased costs to complete Consultant’s Services, but excluding any betterment to the Project), subject to the limitation of liability and waiver of consequential damages set forth in this Agreement. To the extent such costs or damages have been incurred by Owner as of the date of termination, then such amounts may be offset against final amounts due to Consultant, subject to Owner providing reasonable documentation to support the set-off amounts, and subject to Consultant’s right to dispute Owner’s set-off, pursuant to the dispute resolution provisions of this Agreement. In all events, Owner shall not be responsible for Consultant's lost or anticipated profit on the terminated portion of the Services.

Compensation for termination. (1) If the District terminates the Agreement due to Vendor’s failure to perform, Vendor will be paid for all authorized work performed up to the termination date, but (a) no amount shall be allowed for anticipated profit on unperformed services or other work, and (b) any payment due Vendor at the time of termination may be adjusted to cover any additional costs to the District because of Vendor’s failure to perform. (2) If the District effects termination for convenience, an equitable adjustment shall be made for services or other work performed. The equitable adjustment for any termination shall provide for payment to Vendor for services rendered and expenses incurred up to the date of such termination, less any disputed amount which District may withhold until resolution of the dispute. Vendor will not be compensated for anticipated profit on unperformed services or any unperformed work. Termination expenses may be paid only to the extent they are reasonable, documented by Vendor, and not otherwise compensated. Termination expenses shall consist only of demobilization costs, any unavoidable third party reasonable and demonstrable restocking/termination fees that may be charged to Vendor as the result of such termination, including costs of closing files, compiling project records, meeting with District during transition period, and removing equipment supplied by Vendor. Vendor shall mitigate and minimize such termination expenses. (3) Upon receipt of a termination action under this Article, Vendor shall (a) promptly discontinue all affected work (unless the notice directs otherwise), and (b) deliver or otherwise make available to the District all materials and information listed herein as may have been accumulated by Vendor in performing this Agreement, whether completed or in process. (4) Upon termination, District may take over the work and may award another party an agreement to complete the work under this Agreement. Termination shall have no effect upon any of the rights and obligations of the parties arising out of any transaction occurring prior to the effective date of such termination. (5) If, after the termination for Vendor’s failure to perform, it is determined that Vendor did not fail to perform any and all contractual obligations, the termination shall be deemed to have been for the convenience of the District. In such event, adjustment of the Agreement price shall be made as provided above.

Compensation for termination. 16.1 Without prejudice to any other rights which may have accrued to either Party hereunder, it is hereby specifically agreed by the parties that in the event of termination, no discount, commission, compensation, damages, or the like shall be payable by the one Party to the other Party as a consequence of such termination.