Termination During Contract Term Clause Samples

The 'Termination During Contract Term' clause defines the conditions under which either party may end the contract before its agreed expiration date. Typically, this clause outlines specific events or breaches—such as failure to perform obligations, insolvency, or mutual agreement—that can trigger early termination, and may require advance written notice or the fulfillment of certain procedures. Its core practical function is to provide a clear and fair mechanism for ending the contractual relationship if circumstances change or if one party fails to meet its commitments, thereby managing risk and ensuring both parties understand their rights and obligations regarding early termination.
Termination During Contract Term. Except as provided in Section 3.2, in the event that (a) the Company terminates your employment effective on a date prior to or as of the end of the Contract Term for any reason other than "Cause" or (b) you terminate your employment prior to or as of the end of the Contract Term due to "Good Reason," the Company will continue to pay you your then current base salary for 12 months from your termination date (the "Severance Period"). The severance payments under this paragraph shall not exceed two times the lesser of (y) the sum of your annualized compensation based upon your annual salary in the year preceding the year in which your employment is terminated (adjusted for any increase during that year that was expected to continue indefinitely if your employment had not terminated) and (z) the applicable dollar limit under Section 401(a)(17) of the Internal Revenue Code of 1986, as amended (the "Code"), for the calendar year in which your employment is terminated. In addition, if you become entitled to severance pay under the first paragraph of this Section 3.1, the Company will also make a lump sum payment to you within 45 days of your termination of employment in an amount equal to the amount necessary to pay your COBRA premiums for continuation of group health insurance coverage during the Severance Period based on such premiums in effect on the date of your termination.
View SourceView Similar (17)
Termination During Contract Term. The Customer can terminate the contract during the contract term by giving 30 days’ notice in writing. In the event of the Customer terminating this contract pursuant to this clause the Customer must pay to CRISP Wireless within fourteen (14) days of providing the notice of early termination: a) an early termination fee of $750; and b) a sum equivalent to the total remaining months of the contract term had it not been terminated, as per the table below: Month-to-month N/A $0 12-month 7-12 $600 1-6 $300 24-month 19-24 $950 1-6 $200 36-month 31-36 $970
View SourceView Similar (5)
Termination During Contract Term. A Business or Corporate Customer can terminate the contract during the contract term by giving 30 days’ notice in writing. The Customer will be liable for an early termination fee (ETF) equivalent to the total term contract fee prorated to the remaining period of that contracted term plus the cost of any add-ons including telephony to the standard offering if they are amortised over the period of the contract.
View SourceView Similar (2)
Termination During Contract Term. In the event that the Company terminates effective on a date prior to or as of the end of the Contract Term for any reason other than “Cause,” or if you terminate your employment prior to or as of the end of the Contract Term due to “Good Reason,” the Company will continue to pay you your then current base salary for 12 months from your termination date (“the Severance Period”). In the event of a termination by either party without Cause or Good Reason on or before the end of the Contract Term, the terminating party shall provide the other party with at least sixty (60) days’ written notice of termination. The severance payments under this paragraph shall not exceed two times the lesser of (i) the sum of your annualized compensation based upon your annual salary in the year preceding the year in which your employment is terminated (adjusted for any increase A▇▇▇▇▇ ▇. ▇▇▇▇▇▇ December 30, 2015 during that year that was expected to continue indefinitely if your employment had not terminated) or (ii) the applicable dollar limit under Section 401(a)(17) of the Internal Revenue Code for the calendar year in which your employment is terminated. In addition, if you become entitled to severance pay under the first paragraph of this Section 3.1, the Company will also make a lump sum payment to you within 45 days of your termination of employment in an amount equal the amount necessary to pay your COBRA premiums for continuation of group health insurance coverage during the Severance Period based on such premiums in effect on the date of your termination.
View Source
Termination During Contract Term. The Customer can terminate the contract during the contract term by giving 30 days’ notice in writing. In the event of the Customer terminating this contract pursuant to this clause the Customer must pay to CRSIP Wireless within 14 days of providing the notice of early termination: (i) an early termination fee of $750; and (ii) a sum equivalent to the total of the remaining fees that would be payable to CRISP over the remaining period of that contract term had it not been terminated.
View Source
Termination During Contract Term. During the term of any contract with the Market Monitoring Unit, the PJM Board may propose to terminate the contract as follows: (1) During the first three (3) years following the effective date of this revised Attachment M, the PJM Board may propose to terminate the contract with the Market Monitoring Unit upon a determination of willful misconduct or gross negligence by the Market Monitoring Unit. (2) Following the expiration of this initial three (3) year period, the PJM Board may, during the term of any contract with the Market Monitoring Unit (or any successor Market Monitoring Unit), propose to terminate the contract with the Market Monitoring Unit upon a determination that the Market Monitoring Unit has not adequately performed its functions set forth in this Plan.
View Source
Termination During Contract Term 
View SourceView Similar (5)

Related to Termination During Contract Term

  • Termination Period This Option shall be exercisable for three (3) months after Participant ceases to be a Service Provider, unless such termination is due to Participant’s death or Disability, in which case this Option shall be exercisable for twelve (12) months after Participant ceases to be a Service Provider. Notwithstanding the foregoing sentence, in no event may this Option be exercised after the Term/Expiration Date as provided above and this Option may be subject to earlier termination as provided in Section 13 of the Plan.

  • Time Off During Notice Period During the period of notice of termination given by the employer, an employee shall be allowed up to one day's time off without loss of pay for the purpose of seeking other employment. This time off shall be taken at times that are convenient to the employee after consultation with the employer.

  • Death During Benefit Period If the Executive dies after the benefit payments have commenced under this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Executive's beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived.

  • Early Contract Termination The State may terminate this contract in whole or in part by giving fifteen (15) days written notice to the Purchaser when it is in the best interests of the State. If this contract is so terminated, the State shall be liable only for the return of that portion of the initial deposit that is not required for payment, and the return of unapplied payments. The State shall not be liable for damages, whether direct or consequential.

  • Union Activity During Working Hours Solicitation of Union membership or collection or checking of dues will not be conducted during working time. The Company agrees not to discriminate in any way against any employee for Union activity, but such activity shall not be carried on during working time, except as specifically allowed by the provisions of this Agreement.