Termination Status Clause Samples
The Termination Status clause defines the conditions under which a contract or agreement is considered ended or no longer in effect. It typically outlines the specific events, actions, or notifications that trigger termination, such as breach of contract, mutual agreement, or completion of obligations. By clearly establishing when and how termination occurs, this clause ensures both parties understand their rights and responsibilities at the end of the contractual relationship, thereby reducing disputes and providing certainty.
Termination Status. Subject to the notice and other provisions of this Section 5, the Executive shall have the right to terminate the agreement, at any time and for no stated reason. The Company may terminate this Agreement only upon the following events:
Termination Status. The Executive or the Company shall have the right -------------------- to terminate this Employment Agreement at any time and for no stated reason upon fourteen (14) days written notice. Each party to this Employment Agreement acknowledges that Executive is an at-will employee of the Company.