Termination Clause Examples

Upon termination of this Agreement for any reason, Consultant shall promptly deliver to Altair all work products produced, in part, or in whole, under this Agreement and within thirty (30) days of said termination, Consultant shall submit to Altair an itemized invoice for all outstanding fees and approved expenses which accrued under this Agreement to the date of termination which shall be paid by Altair within thirty (30) days of receipt thereof.

This Agreement and each of the rights and obligations of the Company and Investor shall terminate upon the termination of the Merger Agreement or by the written agreement of the parties hereto.

The Tenant hereby waives any right that it may have to terminate the Lease, in accordance with section 65.2 of the Bankruptcy and Insolvency Act.

This Agreement and the rights hereby granted by Pledgor in the Collateral shall cease, terminate and be void upon fulfillment of all of the Secured Obligations (other than any indemnification, reimbursement or similar obligation that is contingent at the applicable time), and Pledgor shall not have further liability hereunder upon such termination. Any Collateral remaining at the time of such termination, shall be fully released and discharged from the Lien created by this Agreement and delivered to Pledgor by the Collateral Agent, all at the expense of Pledgor. Upon such release and discharge, the Collateral Agent shall promptly take such actions, make such filings and execute and deliver to Pledgor, at Pledgor's expense, such documentation as Pledgor shall reasonably request to evidence such release.

Upon the completion of the distribution of the Company's Assets as provided in Section 9.4, the Company shall be terminated and the liquidator shall file a certificate of cancellation of the certificate of formation of the Company and shall take such other actions as may be necessary to terminate the existence of the Company.

This escrow shall terminate upon the disbursement in accordance with the provisions herein of the Escrowed Funds in full or at any time upon the agreement in writing of Boxlight and the Escrow Agent.

If this Agreement is terminated as a result of the provisions of Sections 12.1 or 12.2 hereof, Buyer shall be entitled to receive a refund of the Earnest Money from Escrow Agent, whereupon the parties shall have no further rights or obligations hereunder, except for those which expressly survive any such termination.

No re-entry or taking of possession of the Premises by Landlord pursuant to this Paragraph 25 shall be construed as an election to terminate this Lease unless a written notice of such intention is given to Tenant or unless the termination thereof is decreed by a court of competent jurisdiction. Notwithstanding any reletting without termination by Landlord because of any Default by Tenant, Landlord may at any time after such reletting elect to terminate this Lease for any such Default.

The Committee may at any time terminate the Plan with respect to future Deferrals. The Committee may also terminate and liquidate the Plan in its entirety; provided that such termination and liquidation are consistent with the provisions of Code Section 409A. Upon any such termination, the Company shall pay to the Participant the benefits the Participant is entitled to receive under the Plan, determined as of the termination date, in compliance with Code Section 409A.

Notwithstanding anything to the contrary in this Agreement, the rights of any Investor under this Agreement shall terminate and be of no further force and effect at the earlier of (x) the fifth anniversary of the date hereof and (y) except with respect to the Company's obligations pursuant to Clause 2.8 and Clause 2.9, which shall survive until the fifth anniversary of the date hereof, such time at which all Registrable Securities held by such Investor (and any Associate of such Investor with whom such Investor must aggregate its sales of Registrable Securities under Rule 144) proposed to be sold may be sold under Rule 144 in any ninety (90)-day period without registration in compliance with Rule 144.

Notwithstanding anything to the contrary in this Agreement, the rights of any Investor under this Agreement shall terminate and be of no further force and effect at the earlier of (x) the fifth anniversary of the date hereof and (y) except with respect to the Company's obligations pursuant to Clause 2.8 and Clause 2.9, which shall survive until the fifth anniversary of the date hereof, such time at which all Registrable Securities held by such Investor (and any Associate of such Investor with whom such Investor must aggregate its sales of Registrable Securities under Rule 144) proposed to be sold may be sold under Rule 144 in any ninety (90)-day period without registration in compliance with Rule 144.

ARTICLE VII TERMINATION 7.1 Termination 7.2 Effect of Termination 7.3 Break-Up Fee; Expense Reimbursement 7.4 Return of Good Faith Deposit

If the Trust fails to complete the Tender Offer on or before [Date], this Agreement shall immediately terminate and be of no further force or effect. This Agreement remains in full force and effect until the earliest of: (a) the expiration of the Standstill Period; (b) a termination of this Agreement pursuant to Section 4.1; and (c) such other date established by mutual written agreement of the Trust and Saba. Section 6 survives the termination of this Agreement. No termination pursuant to this Section 4 relieves any Party from liability for any breach of this Agreement prior to such termination.

Termination. The Company, by action taken by its Board of Directors, may terminate the Plan and pay Participants and Beneficiaries their Account Balances in a single lump sum at any time, to the extent and in accordance with Treas. Reg. Section 1.409A-3(j)(4)(ix). If an Adopting Employer terminates its participation in the Plan, or if the Company terminates the participation of an Adopting Employer, the benefits of affected Employees shall be paid at the time provided in Article VI.

This Agreement may be terminated by either party in accordance with the provisions of this Section. The provisions of this Agreement and any other rights or obligations incurred or accrued by

Either party may terminate this Agreement (a) for convenience upon twenty-four (24) months' prior written notice to the other party; (b) upon the material default of the other party and such default not cured within thirty (30) days after delivery of written notice from the non-defaulting party; or (c) pursuant to Section 18.1. Alimera may also terminate this Agreement immediately upon written notice in the event that Alimera