Common use of Termination of the Consulting Term Clause in Contracts

Termination of the Consulting Term. The Consulting Term may be terminated by the Company or the Executive upon 30 days prior written notice to the other party or immediately upon the Executive’s death or Disability or by the Company for Cause, subject to the cure period contained in such definition. If the Consulting Term is terminated pursuant to this Section 5.7, the Consulting Term shall terminate immediately, and the Executive, or his legal representative, shall be entitled to only such Consulting Fees as shall have accrued as of the date of such termination.