Termination and Cooperation Sample Clauses
The 'Termination and Cooperation' clause defines the procedures and obligations of the parties when ending their contractual relationship. It typically outlines the steps required for proper notice of termination, the responsibilities each party must fulfill upon termination, and any ongoing duties such as returning confidential information or assisting with the transition. This clause ensures that the termination process is orderly and that both parties cooperate to minimize disruption, thereby reducing potential disputes and facilitating a smooth conclusion of the agreement.
Termination and Cooperation. Upon termination of Executive’s employment with the Company, Executive shall be deemed to have terminated all employment positions then held with the Company and its affiliates and from all positions as a director of any of the Company’s subsidiaries but not as a director of the Company itself. Following any termination of employment, Executive shall cooperate with the Company in the winding up of pending work on behalf of the Company and the orderly transfer of work to other employees. Executive shall also cooperate with the Company, at the Company’s expense to the extent allowed by law, in the defense of any action brought by any third party against the Company that relates to Executive’s employment by the Company, whether brought before or after Executive’s termination of employment with the Company.
Termination and Cooperation