Termination of Consulting Arrangement Clause Samples

Termination of Consulting Arrangement. Notwithstanding anything in this Agreement, this Section 3 and the consulting arrangement created by this Section 3 between Parent and the Consultant (i) may be terminated prior to the expiration of the Consulting Period by Parent for any reason or no reason at all (ii) shall terminate automatically upon the death of the Consultant and (iii) shall terminate automatically at the expiration of the Consulting Period unless Parent shall exercise its option to extend such Consulting Period. Termination of this consulting arrangement by Parent shall be evidenced by a written notice given to the Consultant in accordance with Section 8 hereof, which notice shall specify the termination date (which date shall not be less than 30 days after such notice is given to the Consultant). The Consultant may terminate the consulting arrangement in the event of a breach by Parent of its obligations under this Agreement that remains uncured 30 days after written notice thereof is given to Parent in accordance with Section 8 hereof. Upon a termination of the consulting arrangement set forth in this Section 3, neither of the parties hereto shall have any further duty or obligation under this Section 3; provided, however, that termination of the consulting arrangement shall not affect the duties and obligations set forth in the other sections of this Agreement.

Termination of Consulting Arrangement. Notwithstanding any contrary provision contained elsewhere in this Agreement, this Section 3, the Consultation Period and the consulting arrangement created hereunder between the Company and Executive may be terminated at any time prior to the expiration of the term set forth in subsection (c) of this Section 3 by either the Company or Executive.

Termination of Consulting Arrangement. The Consulting Period may be terminated by the Company for Cause. If the Consulting Period is terminated as provided above, Executive shall only be entitled to payment for the Services performed and reimbursable expenses incurred though the date of such early termination (the “Termination Date”), which includes the pro rata payment of the Monthly Consulting Fee (as defined below) for the Services performed during the month in which the Termination Date occurs.

Termination of Consulting Arrangement. The parties hereto expect this consulting arrangement to continue until the Effective Time or termination of the Merger Agreement (the earlier of which is the “Expiration Date”). Either party may, however, choose to end the arrangement prior to the Expiration Date, subject to the following provisions:

Termination of Consulting Arrangement. The parties hereto expect that this consulting arrangement will continue for the full term of the Consulting Period. Either you or PNC Bank may, however, choose to end the arrangement prior to the end of the Consulting Period.

Termination of Consulting Arrangement. The Consulting Period shall terminate immediately, and prior to the end date set forth above in Section 14, upon the occurrence of the earlier of (i) Executive’s death or inability due to physical or mental condition to perform the Consulting Services, (ii) Executive’s material breach of this Agreement or (iii) Executive’s failure to perform the covenants set out in Section 14 hereof, after notice from the Company and the opportunity to cure such performance failure within 15 days.

Termination of Consulting Arrangement. Notwithstanding any contrary provision contained elsewhere in this Amendment, this paragraph 8 and the consulting arrangement created by this paragraph 8 between the Company and Executive shall terminate automatically upon the death of Executive. Executive may terminate the consulting agreement in the event of a breach by the Company of its obligations under this Amendment which remains uncured 15 days after written notice thereof is received by the Company. Upon a termination of the consulting arrangement set forth in this paragraph 8, neither of the parties hereto shall have any further duty or obligation under this paragraph 8; provided, however, that termination of the consulting arrangement shall not affect the duties and obligations set forth in the other sections of this Amendment or the applicable sections of the Employment Agreement, including, without limitation, paragraph 2 of this Amendment and paragraph 9 of the Employment Agreement.

Termination of Consulting Arrangement. (a) If an Event shall have occurred while Executive is a consultant to and Chairman of the Board of the Company, upon the subsequent Termination of the Consultancy of Executive within one (1) year of such Event, Executive shall be entitled to receive the benefits provided in Section 4(a) hereof. (b) If there shall be a Termination of the Consultancy of Executive under any circumstances other than as set forth in Section 3(a) hereof, Executive shall be entitled to receive the benefits provided in Section 4(b) hereof. (c) The phrase "Termination of the Consultancy" of Executive for purposes of this Agreement shall mean: (i) Termination by the Company of the consultancy of Executive for any reason other than death, Disability, Retirement or for Cause as defined below; or (ii) Termination by the Executive of his consultancy to the Company within three (3) months of the occurrence of any of the following events: (A) The assignment to Executive of any duties materially inconsistent with his positions, duties, responsibilities and status with the Company immediately prior thereto, or a material change in Executive's reporting responsibilities, titles or offices as in effect immediately prior thereto, or any removal of Executive from or any failure to appoint Executive to any of such positions, except in connection with the termination of Executive's employment due to death, Disability, Retirement or for Cause; (B) A material reduction by the Company in Executive's consulting compensation as in effect on the date hereof or as the same may be increased from time to time; (C) Subsequent to an Event, the failure by the Company to continue in effect any benefit or compensation plan, stock ownership plan, stock purchase plan, stock option plan, life insurance plan, health-and-accident plan or disability plan in which Executive is participating at the time of an Event (or plans providing him with substantially similar benefits), the taking of any action by the Company which would materially adversely affect Executive's benefits under any of such plans or deprive Executive of any material fringe benefit enjoyed by him at the time of the Event; (D) Any purported termination of Executive's consultancy which is to effected pursuant to a Notice of Termination satisfying the requirements of Section 3(e) below; and for purposes of this Agreement, no such purported termination shall be effective. (d) The words "Disability,: "Retirement" and "Cause" for purposes of this Agreemen...

Termination of Consulting Arrangement. The consulting arrangement with the Consultant may be terminated by the Corporation at any time without prior notice for cause. Notwithstanding such termination, the Consultant shall be entitled to retain the GSAT Common Shares issued hereunder.