Common use of Termination in Full Clause in Contracts

Termination in Full. Merck may terminate this Agreement, for any reason or no reason, effective January 1, 2003 or at any later date upon 90 days prior written notice to Medco. In the event such termination occurs mid-year, Medco shall furnish a final invoice to Merck within 60 days following the effective date of termination. The final invoice shall be calculated in accordance with Schedule 3.1, including a true-up against prior estimated payments, except that the actual performance data shall be calculated as of the effective date of termination, and the fees payable shall be pro rated for the number of months from January 1 of the year of termination to the effective date of termination.