Common use of Termination of Consultancy Clause in Contracts

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. The Company shall have the right to terminate this Agreement at any time during the term of this Agreement for any reason, including, without limitation, a finding by the Board that the Consultant’s relationship with the Company under this Agreement shall cause him to no longer be an “independent director” as defined under Nasdaq Marketplace Rule 4200(a)(15). 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.