Common use of Termination of Consulting Agreement Clause in Contracts

Termination of Consulting Agreement. Executive and the Company were previously parties to a Consulting Agreement effective January 27, 2020, amended effective as of November 1, 2021 (“Consulting Agreement”). Executive understands and agrees that his transition from a consultant to an employee pursuant to this Agreement does not constitute a termination without Cause, nor does it constitute Good Reason, under the terms of the Consulting Agreement and that he shall not be entitled to any severance payments as a result of the termination of the Consulting Agreement. Rather, this Agreement constitutes a mutual termination of the Consulting Agreement in accordance with Section 7(B)(iii) thereof.

Termination of Consulting Agreement. Executive and the Company were previously parties to a The Consulting Agreement effective January 27, 2020, amended effective as of November 1, 2021 (“Consulting Agreement”)is hereby terminated. Executive understands and agrees that his transition from a consultant to an employee pursuant to this Agreement does not constitute a termination without Cause, nor does it constitute Good Reason, under the terms of the Consulting Agreement and that he shall not be entitled to any severance payments as a result of Notwithstanding the termination of the Consulting Agreement, Section 1 and Sections 5 through 10 of that certain Executive Employment Agreement, dated January 19, 2007, and amended August 26, 2008 (the “Employment Agreement”), between Mx. Rather, Xxxxxx and the Company shall survive and continue in full force and effect if Mx. Xxxxxx exercises his right to rescind or revoke this Agreement constitutes a mutual termination under Section 23 of the Consulting Agreement in accordance with Section 7(B)(iii) thereofthis Agreement.

Termination of Consulting Agreement. Executive The Company and the Company were previously parties Executive acknowledge that the condition precedent to a Consulting Agreement effective January 27, 2020, amended effective as of November 1, 2021 (“Consulting Agreement”). Executive understands and agrees that his transition from a consultant to an employee pursuant to this Agreement does not constitute a termination without Cause, nor does it constitute Good Reason, under the terms of the Consulting Agreement and that he shall taking effect will not be entitled to any severance payments met as a result of the termination of Executive’s resignation prior to June 30, 2017. Accordingly, the Consulting Agreement. Rather, this Agreement constitutes a mutual termination of Company and the Executive agree that the Consulting Agreement is terminated and cancelled without any notice or compensation in accordance with Section 7(B)(iii) thereoflieu of notice effective as of the Resignation Date, including cancelation of any restrictive covenants therein.