Termination on Expiration Date Clause Samples

The 'Termination on Expiration Date' clause defines that an agreement will automatically end when its specified expiration date is reached. In practice, this means that the contractual relationship ceases without the need for further action or notice from either party once the agreed-upon term concludes. This clause ensures both parties are clear about the duration of their obligations and prevents misunderstandings regarding the contract's end, thereby providing certainty and structure to the agreement's lifecycle.
Termination on Expiration Date. Unless terminated prior to the Expiration Date as provided above, this Contract will terminate automatically on the Expiration Date concurrently with the Insurance Company making a Contract Payment to the Owner equal to the balance of the Guaranteed Fund as of the Expiration Date, plus Additional Amounts, if any, that may be due and owing as of the Expiration Date. All rights and obligations under this Contract will terminate upon the Insurance Company’s payment in full of that Contract Payment.
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Termination on Expiration Date. In the event that the Employment Term expires on the Expiration Date, then the Company shall pay or provide Executive, the cash amounts and benefits payable to Executive under Section 5.3 hereof, at the times and subject to the conditions specified in Section 5.3 hereof.
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Termination on Expiration Date the Agreement shall be terminated on the expiration date unless it is renewed in accordance with the relevant terms hereof.
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Termination on Expiration Date. This Agreement shall be terminated on the expiration date unless it is renewed in accordance with the relevant terms hereof. Exclusive Technology Development, Consulting and Service Agreement 4
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Termination on Expiration Date. This Agreement automatically shall terminate on the Expiration Date and, except as otherwise provided below, the provisions of this Agreement, with the exception of FCB’s obligations, if any, for the payments described under Paragraph 6 above, and Officer’s obligations and agreements under Paragraph 8 below, likewise shall terminate and be of no further force or effect. As provided in Paragraph 2 above, if Officer continues to serve as an employee of FCB following the Expiration Date, such employment shall be on an “at will” basis and on terms agreed upon from time to time between Officer and FCB.
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Related to Termination on Expiration Date

  • Termination Upon Expiration Date The Trust shall automatically terminate on December 31, 20__ (the "Expiration Date") or earlier pursuant to Section 9.02.

  • Termination/Expiration Upon termination or expiration of this Lease, Tenant shall, at Tenant's cost, remove any equipment, improvements or storage facilities utilized in connection with any Hazardous Materials and shall clean up, detoxify, repair and otherwise restore the Premises to a condition free of Hazardous Materials, to the extent such condition is caused by Tenant or any assignee or subtenant of Tenant or their respective agents, contractors, employees, licensees or invitees.

  • Dissolution Upon Expiration Date Unless earlier dissolved, the Trust shall automatically dissolve on July 30, 2040 (the “Expiration Date”), and the Trust Property shall be liquidated in accordance with Section 9.4.

  • Termination Prior to Expiration of Term This Section shall govern any termination of this Contract except as specifically provided in the following Section for termination for cause. The City reserves the right to terminate this Contract at any time, with or without cause, upon thirty (30) days’ written notice to Consultant, except that where termination is due to the fault of the Consultant, the period of notice may be such shorter time as may be determined by the Contract Officer. In addition, the Consultant reserves the right to terminate this Contract at any time, with or without cause, upon sixty (60) days’ written notice to City, except that where termination is due to the fault of the City, the period of notice may be such shorter time as the Consultant may determine. Upon receipt of any notice of termination, Consultant shall immediately cease all services hereunder except such as may be specifically approved by the Contract Officer. Except where the Consultant has initiated termination, the Consultant shall be entitled to compensation for all services rendered prior to the effective date of the notice of termination and for any services authorized by the Contract Officer thereafter in accordance with the Schedule of Compensation or such as may be approved by the Contract Officer, except as provided in Section 7.3. In the event the Consultant has initiated termination, the Consultant shall be entitled to compensation only for the reasonable value of the work product actually produced hereunder. In the event of termination without cause pursuant to this Section, the terminating party need not provide the non-terminating party with the opportunity to cure pursuant to Section 7.2.

  • Termination Expiration Suspension Remedies (a) TERMINATION FOR NONAPPROPRIATION OR REDUCTION OF FUNDS OR CHANGES IN LAW. Enterprise Services may suspend or terminate this Participating Addendum and Purchasers may suspend or terminate applicable Purchase Orders, in whole or in part, at the sole discretion of Enterprise Services or, as applicable, Purchaser, if Enterprise Services or, as applicable, Purchaser reasonably determines that: (a) a change in Federal or State legislation or applicable laws materially affects the ability of either party to perform under the terms of this Participating Addendum or applicable Purchase Order; or (b) that a change in available funds affects Purchaser’s ability to pay under the applicable Purchase Order. A change of available funds as used in this section includes, but is not limited to a change in Federal or State funding, whether as a result of a legislative act or by order of the President or the Governor. If a written notice is delivered under this provision, Purchaser will reimburse Contractor for Goods properly ordered and/or Services properly performed until the effective date of said notice. Except as stated in this provision, in the event of termination for nonappropriation or reduction of funds or changes in law, Purchaser will have no obligation or liability to Contractor for payment of terminated Purchase Orders.