Termination of Consultancy Clause Samples

Termination of Consultancy. (a) At any time during the Term, (i) the Company may terminate the Consultancy With Cause (as hereinafter defined) by written notice to Landmark and the Consultant; (ii) the Company may terminate the Consultancy Without Cause (as hereinafter defined) by written notice to Landmark and the Consultant; (iii) the Consultant may terminate the Consultancy for Good Reason (as hereinafter defined) upon 30 days’ prior written notice to the Company, which notice shall set forth in detail the matters involved, but only if the Company subsequently fails to cure the basis upon which such termination for Good Reason is based during such 30-day period; and (iv) the Consultant may terminate the Consultancy for any reason or for no reason (other than for Good Reason) upon 60 days’ prior written notice to the Company. (b) Subject to Section 5, if, during the Term, the Consultant terminates the Consultancy for any reason other than for Good Reason, or the Company terminates the Consultancy hereunder With Cause, all obligations of the Company to provide compensation and benefits under this Agreement shall cease upon the last day of the Consultancy (except for the payment of those benefits accrued or those reimbursable expenses properly incurred in accordance with subsection (d) of Section 3 by the Consultant prior to the date of such termination), and the Landmark and the Consultant shall have no claim against the Company for damages or otherwise by reason of such termination. The Company’s election to terminate the Consultancy With Cause shall be without prejudice to any remedy the Company may have against Landmark or the Consultant for the breach or nonperformance of any of the provisions of this Agreement. (c) If, during the Term, the Company terminates the Consultancy hereunder Without Cause or the Consultant terminates the Consultancy for Good Reason, then Landmark will be entitled to receive the Monthly Payments for one year, paid in equal monthly installments for 12 months following the effective date of the termination of the Consultancy. Notwithstanding the foregoing, all post-consultancy compensation shall cease to accrue, and Landmark and the Consultant shall have no further entitlement to the same, from and after the date the Consultant breaches any of the post-consultancy covenants set forth in Sections 8 through 12 of this Agreement (if applicable).

Termination of Consultancy. Either the Company or Consultant may terminate the Consulting Period and Consultant’s Services hereunder at any time, for any reason, upon written notice to the other party, subject to the following requirements upon termination.

Termination of Consultancy. Upon termination of this Agreement, Consultant agrees to leave with or return to the Company all records, drawings, files, notebooks, software, including object and source code versions thereof, and other documents, and to delete such items in any electronic or other intangible format in Consultant's computer or electronic archives, pertaining to the Company's confidential information, whether prepared by Consultant or others, and any equipment, tools or devices owned by the Company then in Consultant's possession or under Consultant's control however such items where obtained.

Termination of Consultancy. Either the Company or Consultant may terminate the Consulting Period and Consultant’s Services hereunder at any time, for any reason, upon written notice to the other party, provided that Consultant must provide at least 30 days’ prior written notice to the Company prior to any such termination for convenience. Upon a termination of the Consulting Period and the Consultant’s Services, (i) the Company shall pay to Consultant any portion of the Consulting Fee that has been earned but unpaid through the termination date and (ii) any portion of Pre-Consulting Equity Awards that remain unvested as of the termination date shall automatically terminate and be forfeited as of such date. In addition, if the Consulting Period and the Consultant’s Services hereunder are terminated, Consultant immediately shall forfeit all Consulting Fees payable with respect to periods of service following the termination date.

Termination of Consultancy. The Company shall have the right to terminate this Agreement at any time during the term of this Agreement for any reason. Upon such termination, the Company shall have no further liability for compensation or other benefits to the Consultant under this Agreement except for such amounts that have been earned prior to the date of termination and remain unpaid as of such date.

Termination of Consultancy. Either party may terminate the Consultancy for convenience, for any or no reason, at any time upon ninety (90) days prior written notice to the other party. Either party may terminate the Consultancy for cause upon written notice to the other party, if the other party does not cure the breach within thirty (30) days following receipt of written notice thereof from the non-breaching party. Such right to terminate for cause shall be in addition to any other remedies available to the terminating party at law or in equity.

Termination of Consultancy. ▇▇▇▇▇▇▇▇ and the Company agree that ▇▇▇▇▇▇▇▇’▇ consultancy with the Company, and the Separation and Consulting Agreement between the Company and ▇▇▇▇▇▇▇▇, dated July 2, 2010 (the “Consulting Agreement”), shall terminate effective as of March 30, 2011 (the “Consultancy Termination Date”). The parties agree that any and all obligations either party has to the other under the Consulting Agreement shall terminate as of the Consultancy Termination Date, and, effective as of the Consultancy Termination Date, ▇▇▇▇▇▇▇▇ specifically waives, and releases the Company from, any right he has to remuneration for services, bonuses, fees, commissions, incentives, or any other compensation under or in connection with the Consulting Agreement.

Termination of Consultancy. The Consultant's consultancy hereunder shall terminate prior to the scheduled end of the Term upon the first to occur of: (a) the death of the Consultant; or (b) the Consultant's illness, disability or incapacity ("Disability") that prevents the Consultant from performing his duties hereunder for sixty (60) consecutive days, or for any sixty (60) days within any one hundred and eighty (180) day period, and the provision of written notice of such termination to the Consultant; or (c) written notice by the Parent to the Consultant of termination of the Consultant's consultancy by the Parent for "Cause," which shall include, without limitation, (i) the failure of the Consultant to perform his duties hereunder after at least 30 days' written notice thereof specifying such failure and the Consultant's failure to remedy same within such 30-day period; (ii) any act of illegality, dishonesty, moral turpitude, or fraud in connection with the Consultant's consultancy; (iii) any course of action by the Consultant which is materially detrimental to the business of the Parent or any of its affiliates (including without limitation any violation of Sections 7, 8 or 9 of this Agreement); or (iv) the commission by the Consultant of any felony; or (d) written notice by the Parent to the Consultant of termination of the Consultant's consultancy without Cause; or (e) written notice by the Consultant to the Parent of termination of his consultancy. The date of termination of the Consultant's consultancy shall be the date written notice is given or such later date (within thirty (30) days following such notice) specified in the written notice.

Termination of Consultancy. Termination of Consultancy" shall mean the time when the engagement of an Optionee as a consultant to the Company or a Subsidiary is terminated for any reason, with or without cause, including, but not by way of limitation, by resignation, discharge, death or retirement; but excluding terminations where there is a simultaneous commencement of employment with the Company or an Affiliate. The Committee, in its sole discretion, shall determine the effect of all matters and questions relating to Termination of Consultancy, including, but not by way of limitation, the question of whether a Termination of Consultancy resulted from a discharge for good cause, and all questions of whether a particular leave of absence constitutes a Termination of Consultancy. Notwithstanding any other provision of this Plan, the Company or any Subsidiary has an absolute and unrestricted right to terminate a consultant's service at any time for any reason whatsoever, with or without cause, except to the extent expressly provided otherwise in writing.