Termination and Effect of Termination Clause Samples
The 'Termination and Effect of Termination' clause defines the conditions under which a contract may be ended by either party and outlines the consequences that follow such termination. Typically, this clause specifies the events or breaches that can trigger termination, the required notice periods, and the obligations of each party upon ending the agreement, such as returning confidential information or settling outstanding payments. Its core practical function is to provide a clear framework for ending the contractual relationship and to ensure both parties understand their rights and responsibilities if the contract is terminated, thereby reducing uncertainty and potential disputes.
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Termination and Effect of Termination. This Agreement shall terminate upon the date on which no Holder holds any Registrable Securities, except for the provisions of Sections 3.9 and 3.10, which shall survive any such termination. No termination under this Agreement shall relieve any Person of liability for breach or Registration Expenses incurred prior to termination. In the event this Agreement is terminated, each Person entitled to indemnification rights pursuant to Section 3.9 hereof shall retain such indemnification rights with respect to any matter that (i) may be an indemnified liability thereunder and (ii) occurred prior to such termination.
Termination and Effect of Termination. This Agreement shall terminate with respect to each Holder when such Holder no longer holds any Registrable Securities and will terminate in full when no Holder holds any Registrable Securities, except for the provisions of Sections 2.9 and 4.2, which shall survive any such termination. No termination under this Agreement shall relieve any Person of liability for breach or Expenses incurred prior to termination. In the event this Agreement is terminated, each Person entitled to indemnification rights pursuant to Section 2.9 shall retain such indemnification rights with respect to any matter that (i) may be an indemnified liability thereunder and (ii) occurred prior to such termination.
Termination and Effect of Termination. This Agreement shall terminate with respect to each Holder when such Holder no longer holds any Registrable Securities and will terminate in full upon the earlier of (i) 8 years following the date hereof and (ii) the date on which the aggregate Registrable Securities held by all Holders constitute less than 1% of the Company’s Equity Securities and may be sold without volume or manner of sale restriction (the “Expiration Date”), except for the provisions of Section 8, which shall survive any such termination. No termination under this Agreement shall relieve any Person of liability for breach or Registration Expenses incurred prior to termination. In the event this Agreement is terminated, each Person entitled to indemnification rights pursuant to Section 8 shall retain such indemnification rights with respect to any matter that (i) may be an indemnified liability thereunder and (ii) occurred prior to such termination.
Termination and Effect of Termination. Employee’s employment hereunder is AT WILL and may be terminated at any time by the Company for any reason. In the event of termination of Employee’s employment, the Company shall have no liability to Employee for compensation or benefits except as specified in this Section 1 or as required by the Company’s benefits policy.
Termination and Effect of Termination. This Agreement shall remain in full force and effect for the Standstill Period. No termination shall relieve any party hereto from liability for any breach of this Agreement prior to such termination.
Termination and Effect of Termination. In addition to any other legal or equitable remedies, we may, without prior notice to you, immediately terminate the Agreement or revoke any or all of your rights granted under this Agreement. Upon any termination of this Agreement, you shall immediately cease all access to and use of the Site and we shall, in addition to any other legal or equitable remedies, immediately revoke all password(s) and account identification issued to you and deny your access to and use of this Site in whole or in part. Any termination of this Agreement shall not affect the respective rights and obligations (including without limitation, payment obligations) of the parties arising before the date of termination.
Termination and Effect of Termination a. Interactive Advisors may terminate this Agreement, for any reason or for no reason, upon thirty (30) days’ prior written notice to you.
b. You may terminate this Agreement for any reason or for no reason upon thirty (30) days’ prior written notice to Interactive Advisors. The accrual of Fees shall cease immediately upon termination of this Agreement.
c. Upon termination of this Agreement, or earlier upon Interactive Advisors' request, you shall immediately deliver over to Interactive Advisors (and will not keep, recreate or deliver to any other person) all Confidential Information, intellectual property and other property of Interactive Advisors, together with all copies thereof, in whatever medium recorded that you may have within your possession or control, delete same from all electronic storage systems, and certify that you have done so. Any Confidential Information we may receive, if any, is subject to Section 2 above, and will not be returned.
d. You acknowledge that Interactive Advisors' sole obligation to you on termination with regard to the payment of Fees will be payment within ninety (90) days of termination, of those Fees, if any, due to you in accordance with the terms hereof.
e. You agree that the termination provisions herein, in terms of both notice and default events, are reasonable and that you will not contest same by way of wrongful termination proceedings or otherwise under any applicable laws.
Termination and Effect of Termination. (a) Either Party shall have the right to terminate this Agreement prior to the expiration of the Term in the event that the other Party (i) becomes insolvent, (ii) files a petition in bankruptcy, (iii) makes an assignment for the benefit of creditors, or (iv) breaches any material representation, obligation or covenant contained herein, unless such breach is cured prospectively, no later than thirty (30) days from the date of receipt of notice of such breach, or if not able to be so cured, then resolved to the other Party’s satisfaction, not to be unreasonably withheld.
(b) Sections 1, 4, 6b, 8, 10b, 11, 13, 14, 15, 16, 17, and 18 shall remain in full force and effect following the expiration or earlier termination of this Agreement. The expiration or earlier termination of this Agreement shall not relieve COMPANY or ITUNES of its respective obligations to make any payments with respect to the sale of eMasters in the periods prior to such expiration or termination (and the associated accounting) in accordance with this Agreement.
(c) Upon the expiration or earlier termination of this Agreement, all COMPANY Content, eMasters, Clips, and Artwork in ITUNES’ possession or control shall be promptly deleted or destroyed, excluding any archival copies maintained in accordance with ITUNES’ standard business practices or required to be maintained by applicable law, rule or regulation.
Termination and Effect of Termination. Executive’s employment hereunder is AT WILL and may be terminated at any time by the Company for any reason. In the event of termination of Executive’s employment, the Company shall have no liability to Executive for compensation or benefits, except as specified in this Section 4 or as required by the Company’s benefits policy.
Termination and Effect of Termination. This Agreement shall terminate upon the earlier of (i) the tenth anniversary of the date of this Agreement and (ii) the date as of which no Registrable Securities remain outstanding. Notwithstanding any termination of this Agreement in accordance with the foregoing sentence, the provisions of Sections 3.8, 3.9 and 3.10 shall survive any such termination. No termination under this Agreement shall relieve any Person of liability for breach or Registration Expenses incurred prior to termination. In the event this Agreement is terminated, each Person entitled to indemnification rights pursuant to Section 3.9 hereof shall retain such indemnification rights with respect to any matter that (a) may be an indemnified liability thereunder and (b) occurred prior to such termination. Notwithstanding the foregoing or anything else herein to the contrary, upon any termination of the Business Combination Agreement in accordance with its terms, this Agreement shall automatically terminate, without notice or other action by any party hereto, and be void ab initio and no party hereto shall have any obligations or liability hereunder. Upon written request to the Company, any Holder may request not to receive any Demand Notice, Piggyback Notice and/or Shelf Takedown Notice and thereafter shall not receive any such notices, unless otherwise requested in writing.