Potential Termination Clause Samples

Potential Termination. If the Merger Agreement is terminated prior to the Merger, then this Agreement shall automatically terminate.

Potential Termination. Certain conditions must be satisfied prior to the consummation of the Merger. If the Merger is not consummated or if the Merger Agreement is terminated prior to the consummation of the Merger, then this Agreement shall automatically terminate and be of no effect. In such case, the Stock Options will not be canceled, but will instead remain in full force and effect pursuant to their terms (including vesting requirements without any acceleration), and the Optionee’s rights in connection with the Stock Options will remain subject to all of the provisions of the 2009 Omnibus Stock Ownership and Long Term Incentive Plan and the applicable Stock Option Agreement(s) between Company and the Optionee.

Potential Termination. The Parties acknowledge that the Access Easement may become no longer necessary if the Parcel Map is recorded in the future to confirm CSU’s grant to the City of easements necessary for sewer, water, and storm water facilities, rights-of-way, and San Diego River access, and if CSU has completed improvements, including relocating any City facilities, sufficient to provide the City with the required easement rights and physical access. In such event, CSU may submit an application to the City for easement vacation in accordance with Chapter 12, Article 5, Division 10 of the San Diego Municipal Code (or any then-existing regulations relating to the City’s decision whether to vacate public easements). The City will evaluate CSU’s application in accordance with the applicable process for easement vacations. CSU acknowledges that the San Diego Planning Commission retains discretion whether to recommend in favor of the easement vacation, and that the City Council retains discretion whether to grant the easement vacation application.

Potential Termination. It is hereby agreed that if your newly assigned position is eliminated and Kodak is unable to identify a comparable position as defined in the Company’s Termination Allowance Program (TAP), you will be laid off from the Company and therefore be eligible for the benefits set forth in this Agreement.