Common use of Termination of the Term Clause in Contracts

Termination of the Term. (a) The Company shall have the right to terminate the Term under the following circumstances: (i) Executive shall die; (ii) With or without Cause, effective upon written notice to Executive by the Company; or (iii) Upon or within one (1) year following a Change of Control. (b) Executive shall have the right to terminate the Term under the following circumstances: (i) At any time upon sixty (60) days prior written notice to the Company; or (ii) For Good Reason upon or within one (1) year following a Change of Control. (c) For purposes of this Agreement, “Cause” shall mean:

Appears in 9 contracts

Sources: Employment Agreement (Sciele Pharma, Inc.), Employment Agreement (First Horizon Pharmaceutical Corp), Employment Agreement (First Horizon Pharmaceutical Corp)