Termination Notice Provisions Sample Clauses

Termination Notice Provisions. In the event that i-STAT exercises its right to terminate this Agreement in any given Contract Year for failure to meet the Base Cartridge Target in such Contract Year pursuant to Section 2.6, such termination shall be effective upon expiration of the Notice Period, determined as follows: (a) Six (6) months if [***]; (b) Twelve (12) months if [***]; (c) Eighteen (18) months if [***]; (d) Twenty-four (24) months if [***]; or (e) Thirty-six (36) months if [***]. In order to terminate the Agreement pursuant to Section 2.6, i-STAT must give written notice during the Notice Date Time. Upon receipt of written notice, Heska’s distributorship rights in the Field in the Territory shall become non-exclusive and remain non-exclusive throughout the Notice Period. For example, Heska has [***], Heska receives written notice of termination from i-STAT on January 15, 2008 and the Parties meet to discuss this situation on February 1, 2008 but cannot agree on amended terms under which Heska would continue to distribute Products. Pursuant to Sections 1.8 and 1.27, [***], which under Section 2.13, results in a Notice Period of twenty-four (24) months. Thus, in this example, the Agreement would terminate on January 15, 2010.