Termination of the Consulting Period Clause Samples
The 'Termination of the Consulting Period' clause defines the conditions under which the consulting relationship between the parties can be ended before the originally agreed-upon end date. This clause typically outlines the notice requirements, such as how much advance warning must be given and in what form, and may specify particular circumstances that justify early termination, like breach of contract or mutual agreement. Its core function is to provide a clear and fair process for ending the consulting arrangement, thereby reducing uncertainty and potential disputes if either party needs to exit the agreement.
Termination of the Consulting Period. The Consulting Period shall end on the earliest to occur of the following:
Termination of the Consulting Period. The Consulting Period shall end on April 17, 2017, unless terminated earlier as provided herein.
Termination of the Consulting Period. The Consulting Period shall terminate upon the occurrence of any of the following events:
(a) any termination by the Company of the consulting agreements or contracts between Consultant and the Company, including but not limited to that certain Consultation Agreement dated January 1, 1986 (as amended June 1, 1986 and March 25, 1988) between the Company and Consultant for any reason other than death, physical or mental incapacity, or
(b) the resignation of Consultant upon the occurrence of any of the following:
(i) a significant change in the nature or scope of Consultant's duties from those described in Section 2;
(ii) a reduction in or delay in payment of total compensation from that provided in Section 3 and 4;
(iii) the material breach by the Company of any other provision of this Agreement; or
(iv) a determination made by Consultant, in his sole discretion, that as a result of a Change in Control of the Company and a change in circumstances thereafter affecting his position, he is unable to fully exercise his duties as contemplated by Section 2 of this Agreement.
Termination of the Consulting Period. (a) The Consulting Period may be terminated by Ordan or the Company at any time and for any reason (or no reason) by providing the other party with not less than 30 days’ advance written notice of such termination. In addition, the Consulting Period will terminate immediately upon Ordan accepting full-time employment with another employer.
(b) Except as otherwise provided in Section 4(c), upon the termination of the Consulting Period Ordan shall cease receiving the Consulting Fee, and shall only be entitled to any accrued but unpaid portion of the Consulting Fee through the date of the termination of the Consulting Period plus any incurred but unpaid business expenses that are properly submitted under the Company’s expense reimbursement policy (the “Accrued Amounts”). If this Section 4(b) applies, other than the Accrued Amounts, the Company shall have no further liability to Ordan in his capacity as a consultant to the Company. For the avoidance of doubt, the termination of the Consulting Period shall have no impact on Ordan’s continued position on the Board.
(c) Notwithstanding anything in this Section 4 to the contrary, in the event that the Consulting Period is terminated by the Company other than for “Cause” (as defined below) or by Ordan for “Good Reason” (as defined below), the Company shall pay to Ordan (i) the Accrued Amounts and (ii) within 10 business days following such termination, any portion of the Consulting Fee that would have been payable through May 28, 2017 had such termination not occurred, and which remains unpaid as of the date of such termination (with no duty of mitigation and no offset for other earnings). If this Section 4(c) applies, other than the payment described in the preceding sentenced and the Accrued Amounts, the Company shall have no further liability to Ordan in his capacity as a consultant to the Company.
(d) For purposes of this Agreement, “Cause” means, (i) Ordan’s willful failure to perform or substantially perform the Services; (ii) illegal conduct or gross misconduct by Ordan in the performance of the Services that is willful and demonstrably and materially injurious to the Company’s business, financial condition or reputation; (iii) a willful and material breach by Ordan of his obligations under this Agreement or the Release attached hereto as Exhibit A (including for the avoidance of doubt any provisions of the Employment Agreement surviving pursuant to Section 1(b) of this Agreement) or that certain letter from...
Termination of the Consulting Period. If either party believes that the other is in breach of its material obligations hereunder, then the non-breaching party may deliver notice of such breach to the other party, and the allegedly breaching party shall have fifteen (15) days from such notice to dispute or cure such breach. If the allegedly breaching party fails to cure, or fails to dispute, that breach within such time period, then the party originally delivering the notice of breach may terminate this Agreement effective on written notice of termination to the other party.
Termination of the Consulting Period. Notwithstanding any provision to the contrary contained elsewhere in this Agreement, either party may terminate the Consulting Period at will for any reason upon written notice to the other party.
Termination of the Consulting Period