Termination by reason of Expiry Sample Clauses

Termination by reason of Expiry. 30.5.1 For the avoidance of doubt, the Parties agree that notwithstanding anything to the contrary in this PPP Agreement - 30.5.1.1 if this PPP Agreement terminates on the Expiry Date; or 30.5.1.2 if this PPP Agreement terminates as a result of a SANParks Default, a Private Party Default, an event of Force Majeure or a Corrupt Act, other than the Private Party's right to receive the Termination Amount where Clause 30.5.1.2 applies, SANParks shall not be liable for payment of any compensation to the Private Party or any Subcontractor or any third party by virtue of any transfer or other effect of termination provided for in this Clause 30 (Effects of Termination).
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Termination by reason of Expiry. For the avoidance of doubt, the Parties agree that notwithstanding anything to the contrary in this PPP Agreement -
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Termination by reason of Expiry. 30.6.1 For the avoidance of doubt, the Parties agree that notwithstanding anything to the contrary in this PPP Agreement - 30.6.1.1 if this PPP Agreement terminates on the Expiry Date; or 30.6.1.2 if this PPP Agreement terminates as a result of a SANParks Default, a Private Party Default, an event of Force Majeure or a Corrupt Act,
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Termination by reason of Expiry. For the avoidance of doubt, the Parties agree that notwithstanding anything to the contrary in this Concession Agreement: 31.4.1. if this Concession Agreement terminates on the Expiry Date; or 31.4.2. if this Concession Agreement terminates as a result of a iSimangaliso Default, a Concessionaire Default, an event of Force Majeure or a Corrupt Act, other than the Concessionaire's right to receive the Termination Amount where clause 31.
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Termination by reason of Expiry. For the avoidance of doubt, the Parties agree that notwithstanding anything to the contrary in this Concession Agreement: 32.4.1. if this Concession Agreement terminates on the Expiry Date; or 32.4.2. if this Concession Agreement terminates as a result of a iSimangaliso Default, a Concessionaire Default, an event of Force Majeure or a Corrupt Act, other than the Concessionaire's right to receive the Termination Amount where clause 32.4.2 applies, iSimangaliso shall not be liable for payment of any compensation to the Concessionaire or any Subcontractor or any third party by virtue of any transfer or other effect of termination provided for in this clause 32 (Effects of Termination).
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Related to Termination by reason of Expiry

  • Termination by Reason of Death or Disability A Termination of the Employee’s employment by reason of death or Disability shall not be deemed to be a Termination by the Company (for or without Cause) or by the Employee (for or without Good Reason). In the event that the Employee’s employment with the Company Terminates as a result of the Employee’s death or Disability, the Employee or the Employee’s estate or representative, as applicable, will receive all accrued salary and accrued vacation as of the date of the Employee’s death or Disability and any other benefits payable under the Company’s then existing benefit plans and policies in accordance with such plans and policies in effect on the date of death or Disability and in accordance with applicable law. In addition, the Employee or the Employee’s estate or representative, as applicable, will receive the bonus for the year in which the death or Disability occurs to the extent that a bonus would have been earned had the Employee continued in employment through the end of such year, as determined in good faith by the Company’s CEO, Board of Directors or its Compensation Committee based on the specific corporate and individual performance targets established for such fiscal year, and only to the extent that bonuses are paid for such fiscal year to other similarly situated employees.

  • Termination by Reason of Death If the Optionee ceases to be a Director by reason of the Optionee’s death, any portion of this Stock Option outstanding on such date may be exercised by his or her legal representative or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier.

  • Termination by Reason of Disability If the Optionee’s employment by the Company terminates by reason of Disability, this Option may thereafter be exercised, to the extent the Option was exercisable at the time of such termination (after giving effect to any acceleration of vesting provided for in Section 2 above), by the Optionee or personal representative or guardian of the Optionee, as applicable, for a period of three (3) years from the date of such termination of employment or until the expiration of the Term of the Option, whichever period is the shorter.

  • Termination by Employee for Good Reason Employee may terminate Employee’s employment under this Agreement for Good Reason. For purposes of this Agreement, “Good Reason” means the occurrence of any of the following:

  • Termination by Death or Disability In the event of the Executive’s death or total disability (as defined in Section 22(e)(3) of the Internal Revenue Code of 1986, as amended) during the Term, the Term and Executive’s employment shall terminate on the date of death or total disability. In the event of such termination, the Company’s sole obligations hereunder to the Executive (or the Executive’s estate) shall be for unpaid Base Salary, accrued but unpaid bonus and benefits (then owed or accrued and owed in the future), a pro-rata bonus for the year of termination based on the Executive’s target bonus for such year and the portion of such year in which the Executive was employed, and reimbursement of expenses pursuant to the terms hereon through the effective date of termination, each of which shall be paid within 10 days following the date of the Executive’s termination, and any unvested portion of any Equity Grants shall immediately be forfeited as of the termination date without any further action of the Parties.