Termination of Certain Rights and Obligations. Notwithstanding the foregoing provisions of this Agreement, the rights to registration pursuant to Sections 7.1 and 7.2, the obligations of Purchasers pursuant to Section 7.4(a), and the obligations of Issuer and the holders of 25% or more of its equity securities pursuant to Section 7.4(b) shall terminate as to any particular Registrable Securities that shall have been (a) sold in a registered public offering, (b) sold through a broker, dealer or underwriter in a public distribution or a public securities transaction in which the transferee receives a certificate without a securities legend or (c) sold or distributed pursuant to Rule 144.
Termination of Certain Rights and Obligations. In the event that there are Collaboration Compounds but either 1) no NAM Compound; or 2) no XXX Compounds or Agonist Compounds are discovered during the Research Period certain rights and obligation of this Agreement shall terminate as follows:
Termination of Certain Rights and Obligations. The provisions of Paragraphs 3, 4, 7 and 8 shall terminate upon the consummation of the Company’s sale of its Common Stock to the general public in an underwritten offering pursuant to a registration statement under the Securities Act of 1933, as amended, in which the net proceeds to the Company are not less than $20,000,000 (an “Initial Public Offering”). The Board of Directors of the Company shall have the right, but not the obligation, to terminate all or any selected provisions of this Agreement upon the happening of any of the following: (i) simultaneously with the sale of at least ninety-five percent (95%) of the outstanding shares of the Company to a third-party which is not a company related by ownership in any way to the Company; or (ii) simultaneously with the merger of the Company into another company which is not a company related by ownership in any way to the Company and the Company is not the surviving entity; or (iii) simultaneously with the sale of all or substantially all of the assets of the Company. In no event shall Employee be required or requested to perform additional services for the Company, be subject to a salary adjustment, or in any way be required or requested to provide consideration in the form of services for the cancellation of the restrictions pursuant to this Paragraph 13, it being the express intention of the Company that any such cancellation be in all respects noncompensatory.
Termination of Certain Rights and Obligations. This Agreement will bind and inure to the benefit of the parties and their respective successors and permitted assigns.
Termination of Certain Rights and Obligations. The Board of Directors of the Corporation shall have the right, but not the obligation, to terminate all or any selected provisions of this Agreement. In no event shall Participant be required or requested to perform additional services for the Corporation, be subject to a salary adjustment, or in any way be required to provide consideration in the form of services for the cancellation of the restrictions pursuant to this Section, it being the express intention of the Corporation that any such cancellation be in all respects noncompensatory.
Termination of Certain Rights and Obligations. 19 6.1 Termination of Registration Rights and Offering Lock-Up 19 6.2 Termination of Standstill Agreement 19 6.3 Termination of Restrictions on Dispositions 20 6.4 Effect of Termination 20 7. RED PARTICIPATION RIGHT. 20 8. MISCELLANEOUS 24 8.1 Governing Law; Submission to Jurisdiction 24 8.2 Waiver 25 8.3 Notices 25 8.4 Entire Agreement 25 8.5 Amendments 25 8.6 Headings; Nouns and Pronouns; Section References 25 8.7 Severability 25 8.8 Assignment 25 8.9 Successors and Assigns 26 Information in this exhibit identified by [***] is confidential and has been excluded pursuant to Item 601(b)(10)(iv) of Regulation S-K because it is both not material and would likely cause competitive harm to the registrant if publicly disclosed. TABLE OF CONTENTS (continued) Page 8.10 Counterparts 26 8.11 Third Party Beneficiaries 26 8.12 No Strict Construction 26 8.13 Remedies 26 8.14 Specific Performance 26 8.15 Sanctions; Anti-Corruption 26 8.16 No Conflicting Agreements 27 Information in this exhibit identified by [***] is confidential and has been excluded pursuant to Item 601(b)(10)(iv) of Regulation S-K because it is both not material and would likely cause competitive harm to the registrant if publicly disclosed. INVESTOR AGREEMENT
Termination of Certain Rights and Obligations. The Company's obligations and the Investors' rights under Sections 2.4, 6.1, 6.3, 6.8, 6.10, 6.11, 6.12, 6.14, 6.15, 6.16 and 6.17 of the Purchase Agreement shall terminate effective immediately upon signing of this Agreement.
Termination of Certain Rights and Obligations. The rights and obligations under Sections 1(b), 1(c), 1(d), 2(a), 2(b), 2(c) and 4(b) shall terminate upon the earliest of (such time being the “Termination Time”):
Termination of Certain Rights and Obligations. The provisions of Section 2.6., the rights of any party hereto with respect to the breach of any provision hereof and any obligation accrued as of the date of termination shall survive the termination of this Agreement. 14.
Termination of Certain Rights and Obligations. Notwithstanding anything to the contrary in the Original Agreement, as amended, none of the DLJ Entities shall have any rights or obligations, and will not be considered a "Shareholder" under this Agreement other than with respect to (a) obligations or liabilities arising from a breach, if any, of any DLJ Entity that occurred prior to the IPO Closing Date, (b) rights and obligations under Article 5 to the extent relating to registration rights and (c) rights and obligations under Article 7."
