Common use of Constructive Termination Without Cause Clause in Contracts

Constructive Termination Without Cause. In case of Constructive Termination without Cause, the Consultant shall be entitled to (i) payment of any due but unpaid portion of the Base Fee through the date of such termination and (ii) a pro rata number of the total shares issuable pursuant to §8.3 above based upon the percentage of the Initial Term served prior to the date of such termination.

Appears in 4 contracts

Sources: Consulting Agreement (Caneum Inc), Consulting Agreement (Caneum Inc), Consulting Agreement (Caneum Inc)

Constructive Termination Without Cause. In case of Constructive Termination without Cause, the Consultant shall be entitled to (i) payment of any due but unpaid portion of the Base Fee through the date of such termination and (ii) a pro rata number of the total shares issuable pursuant to §8.3 above based upon the percentage of the Initial Term served prior to the date of such termination.

Appears in 1 contract

Sources: Consulting Agreement (Caneum Inc)