Termination of Entitlement Clause Samples

The 'Termination of Entitlement' clause defines the conditions under which a party's right to receive certain benefits, payments, or privileges under an agreement will end. Typically, this clause outlines specific events or breaches—such as failure to meet obligations, insolvency, or expiration of a set period—that trigger the cessation of entitlements. By clearly specifying when and how entitlements can be terminated, this clause helps prevent disputes and ensures both parties understand the circumstances that could lead to the loss of contractual rights.
Termination of Entitlement. 6 (f) Lost, Stolen or Destroyed Certificates...........7 (g)
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Termination of Entitlement. Upon demand by Parent, any shares of Parent Common Stock and any amounts payable pursuant to Section 4.2(d) that remain unclaimed by former shareholders of the Company for one year after the Effective Time shall be paid or transferred to Parent. Any holders of Common Shares who have not theretofore complied with this Article IV shall thereafter look only to Parent for payment of the Merger Consideration and any cash, dividends and other distributions in respect thereof payable and/or issuable pursuant to Section 4.1, Section 4.2(b) and Section 4.2(d) upon due surrender of their Certificates, in each case, without any interest thereon. Notwithstanding the foregoing, none of Parent, Merger Sub, the Surviving Corporation, the Exchange Agent or any other Person shall be liable to any former holder of Common Shares for any amount properly delivered to a public official pursuant to applicable abandoned property, escheat or similar Laws. If any Certificates shall not have been surrendered immediately prior to the date on which any payment pursuant to this Article IV would otherwise escheat to or become property of any Governmental Entity, the payment in respect of such Certificate shall, to the extent permitted by applicable Law, become the property of Parent, free and clear of all claims or interests of any Person previously entitled thereto.
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Termination of Entitlement. For purposes of this Agreement, the Subject Shares will cease to be Registrable Common Stock when: (a) a Registration Statement with respect to the sale of the Subject Shares shall have become effective under the Securities Act and the Subject Shares shall have been transferred pursuant to such Registration Statement; (b) the Subject Shares shall have been transferred pursuant to Rule 144 (or any successor provisions)
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Termination of Entitlement. 140401. Voluntary early departure from overseas theater. An enlisted member’s entitlement ceases on the day of PCS departure from the overseas area if the departure is the result of actions taken by or under the control of the member.
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Termination of Entitlement. For purposes of this Agreement, the Subject Shares will cease to be Registrable Common Stock when: (a) a Registration Statement with respect to the sale of the Subject Shares shall have become effective under the Securities Act and the Subject Shares shall have been transferred pursuant to such Registration Statement; (b) the Subject Shares shall have been transferred pursuant to Rule 144 (or any successor provisions) under the Securities Act; (c) certificates for the Subject Shares not bearing a legend restricting transfer thereof under the Securities Act shall have been delivered by the Company and, in the opinion of counsel for the Company, transfer of such shares may be made without registration or qualification under the Securities Act; or (d) the Subject Shares shall have ceased to be outstanding.
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Termination of Entitlement modify this provision clarifying that officers terminated for cause shall not be entitled to accrued time-related benefits.
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Termination of Entitlement. If any Certificates shall not have been surrendered immediately prior to the date (as notified in writing by Parent to the Exchange Agent) on which payment in respect of such Certificates pursuant to this Article IV would otherwise escheat to or become property of any Governmental Entity, to the extent permitted by applicable Law (x) the entitlement of the holder of such Certificate to any Merger Consideration, to any cash payment in lieu of a fractional entitlement pursuant to Section 4.2(d), and to any dividends or other distributions of Parent pursuant to Section 4.2(b) shall be extinguished absolutely and from that time the Exchange Agent shall no longer act as nominee for any holder of Certificates, and (y) upon demand by HDP, the Exchange Agent shall sell, on behalf of Parent, any remaining Parent Ordinary Shares issued to it pursuant to the last sentence of Section 4.2(b) and not otherwise distributed to holders of Common Shares entitled thereto, such sales to be executed on the LSE and the proceeds thereof remitted to HDP as soon as practicable thereafter.
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Related to Termination of Entitlement

  • Termination of Engagement (a) This Agreement shall terminate (i) immediately upon the death of Consultant, (ii) at the option of either party hereto without cause upon thirty (30) days advance written notice from the terminating party to the other party, or (iii) upon the termination of this Agreement by the Contractor for "cause." For the purposes of this Agreement, "cause" shall mean (i) any act by Consultant of fraud or dishonesty (whether or not against or involving the Contractor), (ii) Consultant's competing with the business of the Contractor either directly or indirectly, (iii) Consultant's breach of any material provision of this Agreement, (iv) Consultant's failure to devote his best efforts to his duties under this Agreement or to perform such duties diligently and efficiently and in accordance with the directions of the Contractor or to otherwise fulfill his obligations under this Agreement, (v) Consultant's failure to comply with the decisions or policies of the Contractor, (vi) any act of moral turpitude by Consultant or (vii) any other matter constituting "cause" under applicable law.

  • Vendor’s Termination If TIPS fails to materially perform pursuant to the terms of this Agreement, Vendor shall provide written notice to TIPS specifying the default (“Notice of Default”). If TIPS does not cure such default within thirty (30) days, Vendor may terminate this Agreement, in whole or in part, for cause. If Vendor terminates this Agreement for cause, and it is later determined that the termination for cause was wrongful, the termination shall automatically be converted to and treated as a termination for convenience.

  • Termination Effect of Termination 83 21.1. Termination................................................83 21.2. Effect of Termination......................................84

  • TERMINATION OF EFT SERVICES You may terminate this Agreement or any EFT service under this Agreement at any time by notifying us in writing and stopping your use of your card and any access code. You must return all cards to the Credit Union. You also agree to notify any participating merchants that authority to make ▇▇▇▇ payment transfers has been revoked. We may also terminate this Agreement at any time by notifying you orally or in writing. If we terminate this Agreement, we may notify any participating merchants making preauthorized debits or credits to any of your accounts that this Agreement has been terminated and that we will not accept any further preauthorized transaction instructions. We may also program our computer not to accept your card or access code for any EFT service. Whether you or the Credit Union terminates this Agreement, the termination shall not affect your obligations under this Agreement for any electronic transactions made prior to termination.

  • Effect of Termination of Service Except as otherwise provided in accordance with Section 4(b) above, if you cease to be a Service Provider, you will forfeit all unvested Units.