By the Recipient. The Recipient may, at its option, by resolution of its Board of Directors terminate this Agreement in the event that the Provider fails to perform any of its material obligations hereunder and such default continues for a period of ninety (90) days after written demand for performance given to the Provider by a person authorized to give such demand by the Board of Directors of the Recipient.
Appears in 4 contracts
Samples: Development Service Agreement, Business Development Service Agreement (Fabrinet), Administrative Services Agreement (Fabrinet)
By the Recipient. The Recipient may, at its option, by resolution of its Board of Directors Directors, terminate this Agreement in the event that the Provider fails to perform any of its material obligations hereunder and such default continues for a period of ninety (90) days after written demand for performance given to the Provider by a person authorized to give such demand by the Board of Directors of the Recipient. Should the Recipient initiate termination, all Shares shall be deemed fully earned by the Provider with no revocation or cancellation rights in regards to the Shares.
Appears in 2 contracts
Samples: Business Development Service Agreement (Immunoclin Corp), Business Development Service Agreement (Immunoclin Corp)
