THE TERMINATION. S TERMINATION YEAR ------------------------------------
THE TERMINATION. It is agreed that the Warrant shall be terminated with no further consequences to either our company or you and the entry into the share exchange transaction is sufficient consideration for the cancellation of the Warrant by you.
THE TERMINATION. Subject to the terms and conditions of this Agreement and the Share Purchase Agreement, and except as provided in Article 4, the JV Agreement shall terminate in its entirety and shall cease to have any effect from and after the date hereof.
THE TERMINATION. On the terms and subject to the conditions set forth in this Agreement, on the Closing Date (as defined in Section 3.02), each Former Shareholder (as defined in the Exchange Agreement) shall assign, transfer and deliver, free and clear of all liens, pledges, encumbrances, charges, restrictions or known claims of any kind, nature, or description, the number of shares of common stock of Dragon Gold received pursuant to the Exchange in the aggregate constituting 16,500,000 of the issued and outstanding shares of common stock of Dragon Gold held by each of such shareholders; the objective of such Termination being the rescission by Dragon Gold of the acquisition of 100% of the issued and outstanding common shares of Dragon Minerals Holdings, Inc. In exchange for the transfer of such securities by the Former Shareholders, Dragon Gold shall issue to the Former Shareholders (1) an aggregate of 100% of the shares of common stock of Dragon Minerals to the Former Shareholders as of the Closing Date. In the event the Termination is consummated but less than 16,500,000 of the common shares of Dragon Gold are delivered to Dragon Gold, the number of Shares of Dragon Minerals delivered to the Former Shareholders as described above shall be reduced proportionately. At the Closing, each Former Shareholder shall, on surrender of his certificate or certificates representing such Dragon Gold shares to Dragon Gold or its registrar or transfer agent, be entitled to receive a certificate or certificates evidencing his proportionate interest in the Dragon Minerals Shares. Upon consummation of the transaction contemplated herein, assuming participation by all of the Former Shareholders, all of the shares of capital stock of Dragon Minerals shall be held by the Former shareholders.
THE TERMINATION. Clause 12.1 - This Term shall terminate upon forfeiture, lapse, decay, waiver or cancellation, subject to the provision in this Chapter. Clause 12.2 - The forfeiture of the Authorization Grant to Use the Radiofrequency Blocks shall be ordered upon the loss of the essential conditions for the maintenance of the Authorization to Use the Radiofrequency Blocks. Clause 12.3 - The lapse of the Authorization Xxxxx to Use the Radiofrequency Blocks shall be ordered upon the following assumptions: I - occurrence of serious infringement; II - transfer of the authorization to use the radiofrequency blocks; III - repeated breach of the commitments assumed in this Term or in the regulations; IV - non-payment of the Installation Inspection Fees and Operation Inspection Fees as required by Law No. 5.070 of July 7, 1966, and amendments thereto.
THE TERMINATION. On 15 February 2018 (after trading hours), the Vendor (a wholly-owned subsidiary of the Company) and the Purchaser entered into the Termination Agreement and mutually agreed to terminate the Agreement. Upon the signing of the Termination Agreement, the Vendor would pay an amount of HK$10,400,000 (being the aggregate amount of (i) the payment of the amount of HK$5,200,000, being the refundable deposit as referred in the Agreement, and (ii) a compensation fee of HK$5,200,000 (the “Compensation”)) to the Purchaser pursuant to the terms of the Termination Agreement. The Compensation refers to costs incurred by the Purchaser in relation to the negotiation of the Agreement and the performance of their obligations thereunder. Upon the signing of the Termination Agreement, none of the parties to the Agreement has any liability towards the other parties under the Agreement.
THE TERMINATION. For purposes of this Agreement, "cause" shall be defined as any action taken by the Employee or any action which the Employee fails to take which is determined by a court of competent jurisdiction to be criminal, fraudulent or to involve gross negligence on the part of the Employee, other than an act or failure to act which the Employee in good faith believed was for the benefit of the Company. The Company agrees to provide the Employee at least sixty (60) days written notice of termination pursuant to this subparagraph.
THE TERMINATION. The Parties shall terminate the Agreement in accordance with Section 14.2(b) of the Agreement, except as expressly set forth herein. Subject to the terms and conditions set forth herein, at the Closing, the Agreement shall terminate and be of no further force or effect, and the rights and obligations of each of the Parties thereunder shall terminate, except (a) any rights and obligations of the Parties that are expressly designated under Section 15.16 of the Agreement to survive the termination of the Agreement, and (b) any other rights and obligations of the Parties that come into being or effect upon the termination of the Agreement, in each case under clause (a) and clause (b), subject to any applicable terms and conditions of this Termination Agreement. FOIA CONFIDENTIAL TREATMENT REQUESTED BY BIODELIVERY SCIENCES INTERNATIONAL, INC. IRS EMPLOYER IDENTIFICATION NUMBER 00-0000000 ***CONFIDENTIAL TREATMENT REQUESTED*** Note: The portions hereof for which confidential treatment are being requested are denoted with “***”


  • Other Termination If the Optionee’s employment terminates for any reason other than the Optionee’s death, the Optionee’s disability or Cause, and unless otherwise determined by the Administrator, any portion of this Stock Option outstanding on such date may be exercised, to the extent exercisable on the date of termination, for a period of three months from the date of termination or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of termination shall terminate immediately and be of no further force or effect. The Administrator’s determination of the reason for termination of the Optionee’s employment shall be conclusive and binding on the Optionee and his or her representatives or legatees.

  • Company Termination The Company may at any time in its sole discretion terminate (a “Company Termination”) this Agreement and its right to initiate future Tranches by providing 30 days advanced written notice (“Termination Notice”) to Investor.

  • Voluntary Termination; Termination for Cause If Executive’s employment with the Company terminates voluntarily by Executive or for “Cause” by the Company, then (i) all vesting of the Option will terminate immediately and all payments of compensation by the Company to Executive hereunder will terminate immediately (except as to amounts already earned), and (ii) Executive will only be eligible for severance benefits in accordance with the Company’s established policies as then in effect.

  • Severance Termination (a) Subject to 56.7 above, indeterminate employees on 4 June 2014 shall be entitled to a severance payment equal to one (1) week's pay for each complete year of continuous employment and, in the case of a partial year of continuous employment, one (1) week's pay multiplied by the number of days of continuous employment divided by three hundred sixty-five (365), to a maximum of thirty (30) weeks.

  • Agreement Termination In the event Contractor is unable to fulfill its responsibilities under this Agreement for any reason whatsoever, including circumstances beyond its control, County may terminate this Agreement in whole or in part in the same manner as for breach hereof.

  • CFR PART 200 Termination Termination for cause and for convenience by the grantee or subgrantee including the manner by which it will be eff ected and the basis for settlement. (All contracts in excess of $10,000) Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for cause after giving the vendor an appropriate opportunity an d up to 30 days, to cure the causal breach of terms and conditions. ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for convenience with 30 days notice in writing to the awarded vendor. The vendor would be compensated for work performed and goods procured as of the termination date if for convenience of the ESC Region 8 and TIPS Members. Any award under this procurement process is not exclusive and the ESC Region 8 and TIPS reserves the right to purchase goods and services from other vendors when it is in the best interest of t he ESC Region 8 and TIPS. Does vendor agree? Yes

  • For Cause Termination If Executive’s employment with the Company is terminated by the Company for Cause, Executive shall not be entitled to any further compensation or benefits other than: (i) any accrued but unpaid Base Salary; (ii) any accrued but unused paid time off, (iii) reimbursement for any business expenses properly incurred by Executive prior to the date of termination in accordance with Section 4(b) hereof; and (iv) vested benefits, if any, to which Executive may be entitled under the Company’s employee benefit plans as of the date of termination (collectively, the “Accrued Benefits”). The Accrued Benefits shall in all events be payable on the Company’s first regularly scheduled payroll date which occurs at least ten (10) days after the date of termination (other than Base Salary, which shall be payable as provided in Section 3(a) hereof).

  • Contract Termination debarment. A breach of the contract clauses in 29 CFR 5.5 may be grounds for termination of the contract, and for debarment as a contractor and a subcontractor as provided in 29 CFR 5.12.

  • On Termination In the event this Agreement is terminated for any reason prior to the expiration of its original term or any renewal term, Owner shall indemnify, protect, defend, save and hold Manager and all of the other Indemnified Parties harmless from and against any and all claims, causes of action, demands, suits, proceedings, loss, judgments, damage, awards, liens, fines, costs, attorney's fees and expenses, of every kind and nature whatsoever (collectively, "Losses"), that may be imposed on or incurred by Manager by reason of the willful misconduct, gross negligence and/or unlawful acts (such unlawfulness having been adjudicated by a court of proper jurisdiction) of Owner.

  • Employee Termination A) Regular employees other than those serving a probationary period, shall give twenty-eight (28) calendar days written notice of termination to a representative designated by the Employer with the authority to accept such written notice.