Termination at “COMPANY’s” Option Clause Samples
Termination at “COMPANY’s” Option. ● Notwithstanding any other provisions of the Purchase Order, the “COMPANY” reserves the right to terminate the Purchase Order by giving seven (7) days of a written notice to the “SUPPLIER”, without prejudice to any other rights or remedies it may have at law, inequity or under the statute.
Termination at “COMPANY’s” Option. At any time after the Purchaser has purchased at least Two Hundred Five Million Dollars ($205,000,000) in Shares, the Company shall have the right, in its sole discretion, to deliver to the Purchaser a notice of Termination at Company’s Option (“Notice at Company’s Option”). The Notice at Company’s Option shall have no effect on any then pending Funding Request, but shall extinguish the Company’s rights to make additional Funding Requests and to receive that portion of the Purchaser Price represented by such additional Funding Requests. Within ten (10) days of the Purchaser’s receipt of a Notice at Company’s Option, the Company shall issue and deliver to the Purchaser certificates representing ten percent (10%) of the sum of: the (i) aggregate number of Shares previously issued and delivered to the Purchaser upon payment towards the Purchase Price; (ii) aggregate number of Warrant Shares previously issued and delivered to the Purchaser; and (iii) aggregate number of Shares represented by Warrants previously issued and delivered to the Purchaser that have not been exercised.
Termination at “COMPANY’s” Option. Nothing in this Agreement shall be construed to prevent termination of the Employment Term by the Company at any time with the approval of a majority of the independent directors of the Company, with or without cause. In the event of termination pursuant to this Section 8.4, the Company shall pay to Employee an amount equal to the installments of the Base Compensation referred to in Section 1.4 hereof for six months, and thereafter Company shall have no further liability or obligation to Employee for compensation hereunder. Such termination shall be effected by notice thereof delivered by the Company to Employee and shall be effective as of the date of such notice.
Termination at “COMPANY’s” Option. The Company shall have the right at any time, with or without cause, to terminate further performance of the work, by written notice to Subcontractor, specifying the date of termination. On the date of such termination stated in said notice, Subcontractor shall discontinue performance of the work, and shall preserve work in progress and completed work, pending Company’s instructions, and shall turn over such work in accordance with Company's instructions. If Subcontractor has fully and completely performed all obligations under this Subcontract up to the date of termination, Subcontractor shall recover from Company as complete and full settlement for such termination: (a) for work to be performed for a lump sum Contract Price under this Subcontract, the actual costs of all such work satisfactorily executed to the date of termination, plus overhead and profit on such costs based on the percentage agreed to in the original schedule of values. (b) actual cost incurred by Subcontractor to return Subcontractor’s field tools and equipment, if any, to its or its suppliers' premises and to turn over work in progress and completed work in accordance with Company’s instructions; plus,