Termination of Existing Contracts. The Executive agrees that all agreements and contracts, whether written or oral, relating to the employment of the Executive by the Acquired Company, or any of its subsidiaries and affiliates, shall be terminated effective as of the commencement of the Employment Term. However, nothing in this Section 1.4 shall (i) affect accrued vacation, holiday or sick pay accruals (but only to the extent such accruals were reflected in the Acquired Company's financial statements), or (ii) require the Acquired Company to cease to make available to the Executive, and, subject to his meeting all applicable eligibility requirements, the Executive shall be entitled to continue to be covered under, all group health, medical and dental insurance policies, plans and programs maintained by the Acquired Company for its employees generally, in each case until replacement coverage is provided by the Company, or (iii) impair or adversely affect any indemnification rights that Executive may have under statutes empowering corporations in the Acquired Company's state of incorporation to indemnify their officers and directors, or under the Acquired Company's bylaws or any written indemnification agreement between the Executive and the Acquired Company implementing such statutory indemnification rights, but only with respect to third party claims or proceedings that relate to actions taken by Executive as an officer or director of the Acquired Company prior to the date hereof and are disclosed in the Disclosure Statement to the Acquisition Agreement or, if asserted or brought for the first time after the date hereof, would not constitute a breach of the representations or warranties of the Acquired Company or its Stockholders under the Acquisition Agreement.
Termination of Existing Contracts. The Executive agrees that all agreements and contracts, whether written or oral, relating to the employment of the Executive by any other entity or person, are terminated as of the commencement of the Employment Term.
Termination of Existing Contracts. Employee agrees that all agreements and contracts, whether written or oral, relating to the current employment of Employee by the Company will be terminated as of the commencement of the Term of this Agreement, as defined below.
Termination of Existing Contracts. The Executive agrees that all agreements and contracts, whether written or oral, relating to the employment of the Executive by the Company, or any of its subsidiaries or affiliates, shall be superseded effective as of the commencement of the Employment Term. However, nothing in this Section 1.4 shall (i) affect accrued vacation, holiday or sick pay accruals, (ii) require the Company to cease to make available to the Executive, and, subject to his meeting all applicable eligibility requirements, the Executive shall be entitled to continue to be covered under all group health, medical and dental insurance policies, plans and programs maintained by the Company for its executive level employees generally, in each case until replacement coverage is provided by the Company, or (iii) impair or adversely affect any indemnification rights that the Executive may have under statutes empowering corporations in the Company's or any of its subsidiaries' states of incorporation to indemnify their officers and directors, or under the Company's or any of its affiliates' bylaws or any written indemnification agreement between the Executive and the Company or any of its affiliates implementing such statutory indemnification rights, but only with respect to third-party claims or proceedings that relate to actions taken by the Executive as an officer or director of the Company or any of its affiliates prior to the date hereof.
Termination of Existing Contracts. Any Participating Member desiring to avail itself of the benefits of this Agreement may, at its option and without liability, terminate any existing contract(s) or other arrangement(s) with Seller for the purpose of participating in the group purchasing arrangement set forth in this Agreement.
Termination of Existing Contracts. Termination of a teacher’s individual contract shall be according to Sections 3319.16 & 3319.161 ORC.
Termination of Existing Contracts. In the event Physician has an existing contract with a Payor (either directly or through another health delivery network), Physician agrees to cooperate with CDA concerning the continuation or termination of Physician’s existing contract if (a) CDA and the Payor enter into a Payor Contract; and (b) Physician is to be a Participating Provider under such Payor Contract pursuant to Section 2.1 above. Nothing herein shall be deemed to require Physician to take any action that is not permitted to be taken under Physician’s existing contract with Payor including the notice period.
Termination of Existing Contracts. At the request of Foundation, District may terminate existing service contracts that Foundation does not determine to be useful to and in the best interest of the District’s on-going operation and maintenance if District determines that such termination will not create a financial penalty or other detriment to the District.
Termination of Existing Contracts. The Employee hereby agrees that all agreements and contracts, whether written or oral, relating to the current employment of the Employee by Astron, or any of its affiliates, will be terminated as of the commencement of the Term (as defined in Section 2 below).
Termination of Existing Contracts. Any Member that wishes to purchase Products under this Agreement may, at its option and without any penalty or cost, terminate any existing contract or other arrangement with Supplier for the same Products. Supplier shall not directly or indirectly contract with any Member for Products. 2.4
