Termination of the Option Agreement Sample Clauses

Termination of the Option Agreement. Each of the Parties acknowledge and agree that effective as of the Effective Date, the Option Agreement is terminated, without any further act or formality, and as of such date the Option Agreement is of no further force or effect.
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Termination of the Option Agreement. 5.1 This Option will be terminated under any of the following circumstances.
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Termination of the Option Agreement. (1) Each of WFOE, Hunan Xiangmei and Shareholders hereby agree to terminate the Option Agreement.
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Termination of the Option Agreement a. Upon the execution and delivery of this Agreement by both Parties, the Option Agreement shall be deemed to have expired and shall be null and void. IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date. EREHWON OIL & GAS, LLC LUSTRE OIL COMPANY LLC By: LXXXX OIL & GAS, LLC By: LAREDO OIL INC. Its sole Member Its sole Member By: /s/ Jxxx X. Xxxxxxxx By: /s/ Mxxx See Jxxx X. Sxxxxxxx Xxxx See President President CAT CREEK HOLDINGS LLC By: /s/ Mxxx See Mxxx See President
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Termination of the Option Agreement. (1) Party A, Party B and Shareholders hereby unanimously agree to terminate Option Agreement.
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Termination of the Option Agreement. The Company and Xxxxx acknowledge that Xxxxx was granted stock options (the “Options”) in the Company in accordance with the terms of that certain stock option agreement dated July 21, 2008 (the “Option Agreement”) and the Company’s 2008 Equity Incentive Plan. Xxxxx acknowledges and agrees that the Options, both vested and unvested, and the Option Agreement are hereby terminated as of the date hereof. Xxxxx agrees to promptly deliver the Option Agreement to the Company for cancellation.
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Termination of the Option Agreement. 3.8.1 Grounds for termination of the Option Agreement are:
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Termination of the Option Agreement. Effective as of the Effective Time and following the consummation of the transactions contemplated in Section 8.19 of the Merger Agreement, the Company, GF, EV, RF, EF and JF hereby terminate the Option Agreement together with all rights, duties and obligations of the parties thereunder. From and after the Effective Time, such parties shall have no, and hereby release each other from all, Obligations against each other that the parties ever had or now have or may claim to have or hereafter have or claim to have to or against any of the other parties under the Option Agreement, and the Option Agreement shall be considered void and of no further force and effect for all purposes.
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Termination of the Option Agreement 
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Related to Termination of the Option Agreement

  • Termination of the Option The Option shall terminate and may no longer be exercised after the first to occur of (a) the close of business on the Option Expiration Date, (b) the close of business on the last date for exercising the Option following termination of the Participant’s Service as described in Section 7, or (c) a Change in Control to the extent provided in Section 8.

  • Termination of Consulting Agreement As of the Effective Date, the Consulting Agreement is hereby terminated and is of no further force or effect.

  • Termination Agreement 8.01 Notwithstanding any other provision of this Agreement, WESTERN, at its sole option, may terminate either a Purchase Order or this Agreement at any time by giving fourteen (14) days written notice to CONSULTANT, whether or not a Purchase Order has been issued to CONSULTANT.

  • Termination of the Agreement In the event of failure by the participant to perform any of the obligations arising from the agreement, and regardless of the consequences provided for under the applicable law, the institution is legally entitled to terminate or cancel the agreement without any further legal formality where no action is taken by the participant within one month of receiving notification by registered letter. If the participant terminates the agreement before its agreement ends or if he/she fails to follow the agreement in accordance with the rules, he/she shall have to refund the amount of the grant already paid, except if agreed differently with the sending organisation. In case of termination by the participant due to "force majeure", i.e. an unforeseeable exceptional situation or event beyond the participant's control and not attributable to error or negligence on his/her part, the participant shall be entitled to receive at least the amount of the grant corresponding to the actual duration of the mobility period. Any remaining funds shall have to be refunded, except if agreed differently with the sending organisation.

  • Termination of Option (a) Any unexercised portion of the Option shall automatically and without notice terminate and become null and void at the time of the earliest to occur of:

  • Termination of Contract The Department may terminate the Contract for refusal by the Contractor to comply with this section by not allowing access to all public records, as defined in Chapter 119, F. S., made or received by the Contractor in conjunction with the Contract.

  • Termination of Management Agreement Evidence of the termination of any and all management agreements affecting the Property, effective as of the Closing Date, and duly executed by Seller and the property manager.

  • Termination of the Escrow Agreement This Agreement, except for Sections 7 and 11 hereof, which shall continue in effect, shall terminate upon written notice from the Company to the Escrow Agent. Unless otherwise provided, final termination of this Agreement shall occur on the date that all funds held in the Escrow Account are distributed either (a) to the Company or to subscribers and the Company has informed the Escrow Agent in writing to close the Escrow Account or (b) to a successor escrow agent upon written instructions from the Company.

  • Termination of Agreement If this Agreement is terminated by the Representatives in accordance with the provisions of Section 5 or Section 9(a)(i) hereof, the Company shall reimburse the Underwriters for all of their out-of-pocket expenses, including the reasonable fees and disbursements of counsel for the Underwriters.

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