Termination During the Initial Term. During the Initial Term, either party may terminate this Agreement for Cause (as defined below) at any time by written notice to the other party, effective immediately, or on such later date as may be specified in the notice.
Termination During the Initial Term. Drone USA and Employee agree that during the Initial Term Employee’s employment may only be terminated as hereinafter set forth;
Termination During the Initial Term. In the event that either party terminates this Agreement during the Initial Term, the parties shall not enter into a new agreement that contains substantially the same terms (or covers substantially the same services on different terms) as those set forth in this Agreement for a period of at least one (1) year from the Effective Date.
Termination During the Initial Term. Either Party may terminate this Agreement for convenience at any time during the Initial Term by giving the other Party written notice of its intent to cancel at least thirty (30) days prior to the expiration of the Initial Term. In the event, China Motion terminates this Agreement pursuant to this Section 11.2 at any time during the Initial Term, China Motion shall pay StarHub the following termination fee: SGD$300,000. Notwithstanding termination under this Section 11.2, each Party shall for one (1) year after the effective date of termination honour the terms of this Agreement as to any services for which that Party or the counter-Party has already received compensation from a subscriber or a reseller. For the avoidance of doubt, if China Motion has sold any SIM card to a distributor or reseller that is pre-loaded with a prescribed number of minutes, megabytes, or other usage rights for a subscriber to roam on StarHub’s network, whether or not the SIM card has been activated as of the notice or effectiveness of termination, StarHub will continue to honour the subscriber’s usage and China Motion will pay StarHub the Service Charges associated with such activation and usage. The same treatment applies to a SIM card that has been activated but its pre-loaded usage has not been exhausted prior to the effective date of termination. As of the effective date of termination, neither Party shall market the services offered through the counter-Party pursuant to this Agreement, including additional sale of SIM cards in inventory but not delivered to a distributor, reseller or subscriber, or by allowing a subscriber to recharge or top up minutes, megabytes or other usage rights on a previously activated SIM card.
Termination During the Initial Term. (1) In the event of Executive’s Involuntary Termination of Employment during the Initial Term, then, upon the Executive’s execution of the General Release described below, the Company shall pay to Executive as additional pay (“Additional Pay”), in a lump sum the product of two (2) and Executive’s annual base salary in effect immediately prior to his Termination Date.
Termination During the Initial Term. It is the intent of the parties that Employee receives the entire amount of her Annual Compensation during the Initial Term of this Agreement, unless Employee voluntarily resigns during this Initial Term. Accordingly, If Employer terminates Employee (with or without cause) during the Initial Term of this Agreement, then Employer shall pay Employee the entire unpaid balance of Employee’s Annual Compensation, including but not limited to the Semi-Annual Vested Guaranteed Bonus, irrespective of whether this amount has accrued or been earned, payable in accordance with Employer’s standard payroll practices with respect to senior management employees. By way of example, but not limitation, if Employee is terminated on May 30, 2007 (6 months into the Initial Term), at which time, Employee has already received half of her Annual Compensation, then Employer must continue paying Employee during the remaining six (6) months of the Initial Term in accordance with Employer’s standard payroll practices.
