Termination of the Consulting Agreement. The parties hereby are waiving all notice requirements under the Consulting Agreement and agree that the Consulting Agreement shall be terminated immediately upon the execution of this Agreement. As of the date hereof, each party acknowledges that all responsibilities of the other party under the Consulting Agreement have been fully performed, and that neither party has any outstanding obligations or responsibilities, including payment obligations, to the other party.
Termination of the Consulting Agreement. The parties hereby agree that the Consulting Agreement shall automatically terminate effective as of the Termination Date, with no further action required by any party. As of the Termination Date, the Consulting Agreement will have no further force or effect and the parties will have no further rights or obligations under the Consulting Agreement; provided, however, that the rights and obligations that survive termination of the Consulting Agreement pursuant to its terms will survive in accordance with the terms of the Consulting Agreement.
Termination of the Consulting Agreement. Pursuant to Section 1 of the Consulting Agreement, the Company and the Consultant hereby agree to terminate Sections 1, 2, 3 and 4 of the Consulting Agreement effective as of the date hereof and hereby agree that the Company and the Consultant shall have no further rights or obligations under such Sections following the date hereof.
Termination of the Consulting Agreement. (a) The Consulting Agreement shall be suspended with effect as of June 30, 2007 and shall terminate as of the Closing Date, except for the provisions regarding confidentiality set forth in Article 5 thereof. In consideration for the acceptance by the Sellers (i) to terminate the Consulting Agreement before its stated term and (ii) not to bring any claim nor institute any proceeding, judicial or otherwise, against Quiksilver in connection with the Consulting Agreement or its termination hereby, Quiksilver shall pay to the Sellers on the Closing Date an amount equal to three million five hundred thousand (3,500,000) Euros, as well as any payments outstanding under the Consulting Agreement in respect of the period prior to July 1, 2007.
Termination of the Consulting Agreement. Subject to and upon the consummation of the Transaction:
Termination of the Consulting Agreement. The Company may terminate this Letter Agreement for "Cause" (as defined in the paragraph below) at any time and in such event, its only obligation will be to pay you in a lump sum any accrued but unpaid Consulting Fee due you through the last day you perform services on behalf of the Company. For purposes of this Letter Agreement, "Cause" means (i) your willful and continued failure to substantially perform the services hereunder or the services reasonably requested by the Company, after notice and reasonable opportunity to cure; (ii) your conviction of, or plea of guilty or nolo contendere to, a felony or other crime involving moral turpitude; or (iii) your engagement in any malfeasance or fraud or dishonesty of a substantial nature in connection with your relationship as a consultant to the Company or director of St. Xxxx Re, Inc. ("SPR") or Operating Company or other willful act that materially damages the reputation of the Company, Operating Company or SPR. For the purposes of this Section, no act or failure to act will be considered "willfull" unless it is done, or omitted to be done, in bad faith and without reasonable belief that the action was in the best interest of the Company or SPR.
Termination of the Consulting Agreement. Each party hereto, on behalf of itself and its affiliates and its and their respective predecessors, successors, parents, subsidiaries, agents, attorneys, officers, employees, directors, members, managers, partners, shareholders, representatives and assigns (collectively, the “Releasing Parties”, each a “Releasing Party”), severally agrees (notwithstanding and irrespective of any agreement, document, matter, or thing (including, but not limited to, any terms of the Consulting Agreement)) that the Consulting Agreement is hereby terminated in its entirety and that the Consulting Agreement has no force and/or effect (past, present and/or future) whatsoever.
Termination of the Consulting Agreement. (1) The term of this Consulting Agreement shall commence on the Consulting Commencement Date and shall terminate one year later, on September 18, 2016.
Termination of the Consulting Agreement. (1) WFOE hereby terminates the Consulting Agreement, and Hunan Xiangmei and Shareholders hereby accept such termination (collectively the “Termination”).
Termination of the Consulting Agreement. Effective January 1, 2007, the Consulting Agreement is hereby terminated.
