Termination Cause definition
Examples of Termination Cause in a sentence
If this Agreement is terminated by Seagate Software pursuant to Section 11.2 (Termination, No Cause) or by Distributor pursuant to Section 11.4 (Termination, Cause), then Seagate Software shall be obligated to reacquire from Distributor all such Products and documentation which are in the then current version and in resalable condition and then held by Distributor in inventory and not committed to sales.
If this Agreement is terminated by Distributor pursuant to Section 11.2 (Termination, No Cause) or by Seagate Software pursuant to Section 11.4 (Termination, Cause), Seagate Software shall have the option, exercisable in its discretion, to reacquire from Distributor, at then current prices all or part of the Products and documentation, including translated versions, which are then held by Distributor in inventory and not committed to sales.
Advisor and the Company agree that this Agreement, and the termination of Advisor’s employment and transition to a consultant as provided for herein, shall not constitute an Involuntary Termination, Cause for termination or Good Reason (as such terms are defined in the Employment Agreement) for Advisor to terminate employment under the Employment Agreement or otherwise entitle Advisor to severance benefits under the Employment Agreement or any other agreement between the Company and Advisor.
If the Employee’s employment with the Company terminates for any reason other than Special Termination, Cause or Retirement in accordance with Section 3(b)(ii)(A), any unvested Options held by the Employee shall immediately be forfeited and canceled as of the date of termination.
If the Executive's employment is terminated by the Company for "Cause," or by the Executive other than for "Good Reason" within six (6) months after the Effective Date, the gross amount of the sign-on bonus will be repaid to the Company in a lump sum within thirty (30) days after the "Date of Termination." "Cause," "Good Reason," and "Date of Termination" are defined below.
If any other Early Termination Cause due to Objective Circumstances set forth in the Supplement or in the Confirmation, occurs, the provisions of Clause 8.5 shall apply.
In the event of a termination or expiration of this Agreement, the provisions of this Agreement will continue to apply to all purchase orders accepted by Seagate prior to the effective date of termination or expiration, except for any purchase order, or portion thereof, canceled pursuant to "Termination Cause." Termination or expiration of this Agreement will not, however, relieve or release either party from making payments that may be owing to the other party under the terms of this Agreement.
The Advisor may elect to terminate this Agreement at any time for an Advisor Termination Cause by delivering to the Company a written termination notice specifying the Advisor Termination Cause triggering event and the Termination Date, which may not be less than thirty (30) days from the date of such termination notice.
The Company may elect to terminate this Agreement, by a vote of at least two-thirds of the Independent Directors, at any time upon the occurrence of any event constituting a Company Termination Cause.
Any such termination shall be effective immediately upon written notice from the Company to the Advisor specifying the Company Termination Cause event and confirming the Company's receipt of the requisite vote to terminate for a Company Termination Cause from the Independent Directors.