Termination on Clause Examples for Any Agreement

The 'Termination on' clause defines the specific conditions or events under which a contract may be ended by one or both parties. Typically, this clause outlines triggers such as breach of contract, insolvency, or the occurrence of a particular event, and may specify notice requirements or procedures to be followed. Its core practical function is to provide a clear and agreed-upon mechanism for ending the contractual relationship, thereby reducing uncertainty and managing risk for both parties.
Termination on medical grounds If the Chief Executive becomes incapable of properly performing [his/her] functions or duties as a result of mental or physical impairment or illness, the Board may terminate this Agreement on medical grounds by giving at least three months’ notice (or pay in lieu of notice) to the Chief Executive. 11.3.1 Before terminating this Agreement under Clause 11.3, the Board shall require the Chief Executive to undergo a medical examination by a registered medical practitioner nominated by the Board or, if the Chief Executive prefers, two medical practitioners, one nominated by the Board and the other by the Chief Executive, and shall take into account any reports or recommendations made available to it as a result of that examination and any other relevant medical reports or recommendations that it might receive, or which may be tendered to it by or on behalf of the Chief Executive.
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Termination on. “Change of Control”.
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Termination on the Closing Date of the existing management agreement between the Seller and the Company, without penalty to either party to the said agreement.
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Termination on medical grounds 11.3.1 Before terminating this Agreement under Clause 11.3, the Board shall require the Chief Executive to undergo a medical examination by a registered medical practitioner nominated by the Board or, if the Chief Executive prefers, two medical practitioners, one nominated by the Board and the other by the Chief Executive, and shall take into account any reports or recommendations made available to it as a result of that examination and any other relevant medical reports or recommendations that it might receive, or which may be tendered to it by or on behalf of the Chief Executive.
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Termination on. [*]. If at any time during the Term, (i) Corixa breaches Section 4.2(b) hereof and fails to cure such breach; (ii) the Development Steering Committee determines that a Licensed Product cannot be made, used, or sold [*] and either (A) the Development Steering Committee also determines that there is no reasonable strategy for [*] or (B) subsequent efforts to [*] are unsuccessful after nine (9) months after such determination by the Development Steering Committee that a Licensed Product cannot be made, used, or sold [*] (provided that the Development Steering Committee shall be required to meet and to make either of the foregoing determinations upon the request of either party following the [*]); or
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Termination on financial grounds: the School may terminate the award on one term's notice in writing if, in the opinion of the School Governors acting in good faith: 7.1.1 the Parents have not satisfied the School's financial requirements under clause 4 and clause 5.1; or 7.1.2 the School is no longer able to continue the award under clause 5.2.1 or
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Termination on. RETIREMENT This Agreement shall be terminated by the Executive's voluntary retirement that retirement shall be effective on the last day of any fiscal year, provided that the effective date of retirement occurs after the Executive's 65th birthday, and that the Executive gives the Employer three months' prior written notice.
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Related to Termination on

  • Termination on Death This Occupation Right Agreement shall terminate upon the death of the Resident, or, where two Residents have jointly signed this Occupation Right Agreement, upon the death of the surviving Resident. No notice of termination is required if the reason for termination is because the last surviving Resident has died.

  • Termination on Death or Disability If the employment of the Executive is terminated due to the Executive’s death or Disability, the Company shall have no further liability or further obligation to the Executive except that the Company shall pay or provide to the Executive (or, if applicable, the Executive’s estate or designated beneficiaries under any Company-sponsored employee benefit plan in the event of his death) the following compensation and benefits: (i) The Accrued Obligations, at the times provided and subject to the conditions set forth in Section 8(a)(i) above; (ii) An amount equal to the Cash Bonus at the Target Percentage for which the Executive is eligible for the year in which the Executive’s death or Disability occurs, prorated for the portion of such year during which the Executive was employed by the Company prior to the Executive’s death or termination of employment due to Disability (less any payments in respect of such Cash Bonus related to that performance year received by the Executive during such year), such amount to be paid within thirty (30) days after the Executive’s death or such termination of employment due to Disability; (iii) Any and all outstanding Unvested Shares shall immediately vest and any restrictions thereon shall immediately lapse upon the Executive’s death or termination of employment due to Disability (the acceleration of any other equity incentives granted to the Executive under any equity incentive plan of the Guarantor in connection with the termination of the Executive’s employment due to death or Disability shall be governed by the applicable plan and related grant documents); and (iv) If the Executive is eligible for and elects to receive continued coverage under the Company’s medical and health benefits plan(s) in accordance with the provisions of COBRA for the Executive and, if applicable, the Executive’s eligible dependents, or if the Executive’s eligible dependents are eligible for such continued coverage due to the Executive’s death, then the Company shall reimburse the Executive or such dependents for a period of eighteen (18) months following the Executive’s termination of employment due to death or Disability (or, if less, for the period that the Executive or any such dependent is eligible for such COBRA continuation coverage) for the excess of (A) the amount that the Executive or any such dependent is required to pay monthly to maintain such continued coverage under COBRA, over (B) the amount that the Executive would have paid monthly to participate in the Company’s group health benefits plan(s) had the Executive continued to be an employee of the Company.

  • Termination on Change of Control 26.12.1 The Supplier shall notify the Authority immediately in writing if the Supplier undergoes a change of control within the meaning of Section 450 of the Corporation Tax Act 2010 ("Change of Control") and provided this does not contravene any Law shall notify the Authority immediately in writing of any circumstances suggesting that a Change of Control is planned or in contemplation. The Authority may terminate this Framework Agreement by giving notice in writing to the Supplier with immediate effect within six (6) Months of: (a) being notified in writing that a Change of Control has occurred; or (b) where no notification has been made, the date that the Authority becomes aware of the Change of Control, if it believes, acting reasonably, that such change is likely to have an adverse effect on the provision of the Services, but it shall not be permitted to terminate this Framework Agreement where an Approval was granted prior to the Change of Control

  • Mandatory Termination In the event that a mandatory prepayment in full of the A Advances is required by Section 2.06(b), the Commitments of the Lenders shall immediately terminate.

  • Termination of Employment Due to Death The Officer’s employment with the Bank shall terminate, automatically and without any further action on the part of any party to this Agreement, on the date of the Officer’s death. In such event, the Bank shall pay and deliver to his estate and surviving dependents and beneficiaries, as applicable, the Standard Termination Entitlements.