Term and Termination Clause Example with 10 Variations from Business Contracts
This page contains Term and Termination clauses in business contracts and legal agreements. An example clause is provided at the top of the page, followed by clauses with minor variations. You can view the text differences by selecting the "Show Differences" option.
Term and Termination. 7.1This Agreement shall be effective beginning on the date hereof and continuing until the last day of Director's current term as a director of the Corporation, unless earlier terminated as provided in this Section. 7.2The term of service as a Director under this Agreement is as specified in the bylaws of the Corporation, unless earlier terminated as provided in this Section. 7.3Director may at any time, and for any reason, resign from such position subject to any other contractual obligation or... any obligation imposed by operation of law. 7.4Director may be removed from the Board or any Committee, with or without cause. 7.5This Agreement shall automatically terminate upon the death or disability of Director or upon his resignation or removal from the Board. 7.6In the event of any termination of this Agreement, Director agrees to return any materials received from the Corporation pursuant to Section 3 of this Agreement except as may be necessary to fulfill any outstanding obligations hereunder. 7.7Upon termination of this Agreement, the Corporation shall promptly pay Director all unpaid compensation due, pursuant to Section 5 above, and expense reimbursements incurred, if any, as of the date of termination, upon receipt of reasonable documentation.View More
Variations of a "Term and Termination" Clause from Business Contracts
Term and Termination. 7.1This Agreement shall be effective beginning on the date hereof hiseof and continuing until the last day of Director's Officer's current term as a director Officer of the Corporation, unless earlier terminated as provided in this Section. This Agreement shall automatically renew upon the date of Officer's reelection as a Officer of the Corporation. 7.2The term of service as a Director Officer under this Agreement is as specified in the bylaws of the Corporation, unless earlier terminated as pr...ovided in this Section. 7.3Director 7.3Officer may at any time, and for any reason, resign from such position subject to any other of this contractual obligation or any obligation imposed by operation of law. 7.4Director 7.4Officer may be removed from the Board or any Committee, with or without cause. cause, in accordance with the Charter and Bylaws or by majority vote of the controlling shareholder(s). 7.5This Agreement shall automatically terminate upon the death or disability of Director Officer or upon his resignation or removal from the Board. For purposes of this Section, "disability" shall mean the inability of Officer to perform the Services for a period of at least sixty (60) consecutive days. 7.6In the event of any termination of this Agreement, Director Officer agrees to return any materials received from the Corporation pursuant to Section 3 of this Agreement except as may be necessary to fulfill any outstanding obligations hereunder. Officer agrees that the Corporation has the right of injunctive relief to enforce this provision. 7.7Upon termination of this Agreement, the Corporation shall promptly pay Director Officer all unpaid compensation due, pursuant to Section 5 above, and expense reimbursements incurred, if any, as of the date of termination, upon receipt of reasonable documentation. View More
Term and Termination. 7.1This Agreement shall be effective beginning on the date hereof hiseof and continuing until the last day of Director's Officer's current term as a director Officer of the Corporation, unless earlier terminated as provided in this Section. 7.2The term of service as a Director Officer under this Agreement is as specified in the bylaws of the Corporation, unless earlier terminated as provided in this Section. 7.3Director 7.3Officer may at any time, and for any reason, resign from such position su...bject to any other of this contractual obligation or any obligation imposed by operation of law. 7.4Director 7.4Officer may be removed from the Board or any Committee, with or without cause. cause, in accordance with the Charter and Bylaws or by majority vote of the controlling shareholder(s). 7.5This Agreement shall automatically terminate upon the death or disability of Director Officer or upon his resignation or removal from the Board. 7.6In the event of any termination of this Agreement, Director Officer agrees to return any materials received from the Corporation pursuant to Section 3 of this Agreement except as may be necessary to fulfill any outstanding obligations hereunder. 7.7Upon termination of this Agreement, the Corporation shall promptly pay Director Officer all unpaid compensation due, pursuant to Section 5 above, and expense reimbursements incurred, if any, as of the date of termination, upon receipt of reasonable documentation. View More
Term and Termination. 7.1This 7.1 This Agreement shall be effective beginning on the date hereof and continuing until the last day of Director's current term as a director of the Corporation, unless earlier terminated as provided in this Section. 7.2The This Agreement shall automatically renew upon the date of Director's reelection as a director of the Corporation. 7.2 The term of service as a Director under this Agreement shall begin upon the Effective Date of this Agreement. The Bylaws of the Corporation provide fo...r staggered voting for the Board of Directors. For purposes of staggered voting, the Board is divided into three Classes. The Director will be appointed as a Class II Director and the 2-year term of the director's service shall continue until the Corporation's 2022 fiscal year Annual Meeting of Shareholders as specified in the bylaws of the Corporation, unless earlier terminated as provided in this Section. 7.3Director Thereafter, at the fiscal year 2022 Annual Meeting of Shareholders and subsequent Annual Shareholder's Meetings, the Director may stand for re-election for additional terms of two years. 7.3 Director may at any time, and for any reason, resign from said position with such position resignation being subject to any other continuing contractual obligation herein or any obligation imposed by operation of law. 7.4Director 2 7.4 Director may be removed from the Board or any Committee, with or without cause. 7.5This cause, in accordance with the Charter and Bylaws of the Corporation. 7.5 This Agreement shall automatically terminate upon the death or disability of Director or upon his resignation or removal from the Board. 7.6In For purposes of this Section, "disability" shall mean the inability of Director to perform the Services for a period of at least fifteen (15) consecutive days. 7.6 In the event of any termination of this Agreement, Director agrees to return any materials received from the Corporation pursuant to Section 3 of this Agreement except as may be necessary to fulfill any outstanding obligations hereunder. 7.7Upon Director agrees that the Corporation has the right of injunctive relief to enforce this provision. 7.7 Upon termination of this Agreement, the Corporation shall promptly pay Director all unpaid compensation due, pursuant to Section 5 above, and expense reimbursements incurred, if any, as of the date of termination, upon receipt of reasonable documentation. View More
Term and Termination. 7.1This 7.1 This Agreement shall be effective beginning on the date hereof and continuing until the last day of Director's current term as a director of the Corporation, unless earlier terminated as provided in this Section. 7.2The This Agreement shall automatically renew upon the date of Director's reelection as a director of the Corporation. 7.2 The term of service as a Director under this Agreement shall begin upon the Effective Date of this Agreement. The Bylaws of the Corporation provide fo...r staggered voting for the Board of Directors. For purposes of staggered voting, the Board is divided into three Classes. The Director will be appointed as a Class II Director and the 2-year term of the director's service shall continue until the Corporation's 2021 fiscal year Annual Meeting of Shareholders as specified in the bylaws of the Corporation, unless earlier terminated as provided in this Section. 7.3Director Thereafter, at the fiscal year 2021 Annual Meeting of Shareholders and subsequent Annual Shareholder's Meetings, the Director may stand for re-election for additional terms of two years. 7.3 Director may at any time, and for any reason, resign from said position with such position resignation being subject to any other continuing contractual obligation herein or any obligation imposed by operation of law. 7.4Director 7.4 Director may be removed from the Board or any Committee, with or without cause. 7.5This cause, in accordance with the Charter and Bylaws of the Corporation. 2 7.5 This Agreement shall automatically terminate upon the death or disability of Director or upon his resignation or removal from the Board. 7.6In For purposes of this Section, "disability" shall mean the inability of Director to perform the Services for a period of at least fifteen (15) consecutive days. 7.6 In the event of any termination of this Agreement, Director agrees to return any materials received from the Corporation pursuant to Section 3 of this Agreement except as may be necessary to fulfill any outstanding obligations hereunder. 7.7Upon Director agrees that the Corporation has the right of injunctive relief to enforce this provision. 7.7 Upon termination of this Agreement, the Corporation shall promptly pay Director all unpaid compensation due, pursuant to Section 5 above, and expense reimbursements incurred, if any, as of the date of termination, upon receipt of reasonable documentation. View More
Term and Termination. 7.1This 7.1 This Agreement shall be effective beginning on the date hereof and continuing until the last day of Director's current term as a director of the Corporation, unless earlier terminated as provided in this Section. 7.2The This Agreement shall automatically renew upon the date of Director's reelection as a director of the Corporation. 7.2 The term of service as a Director under this Agreement is as specified in the bylaws of the Corporation, unless earlier terminated as provided in this... Section. 7.3Director 7.3 Director may at any time, and for any reason, resign from such position subject to any other contractual obligation or any obligation imposed by operation of law. 7.4Director 7.4 Director may be removed from the Board or any Committee, with or without cause. 7.5This 7.5 This Agreement shall automatically terminate upon the death or disability of Director or upon his resignation or removal from the Board. 7.6In For purposes of this Section, "disability" shall mean the inability of Director to perform the Services for a period of at least fifteen (15) consecutive days. 7.6 In the event of any termination of this Agreement, Director agrees to return any materials received from the Corporation pursuant to Section 3 of this Agreement except as may be necessary to fulfill any outstanding obligations hereunder. 7.7Upon Director agrees that the Corporation has the right of injunctive relief to enforce this provision. 7.7 Upon termination of this Agreement, the Corporation shall promptly pay Director all unpaid compensation due, pursuant to Section 5 above, and expense reimbursements incurred, if any, as of the date of termination, upon receipt of reasonable documentation. 2 8. Proprietary Information, Inventions and Non-Competition. Director shall, concurrently with the execution of this Agreement, enter into a Proprietary Information, Inventions and Non-Competition Agreement with the Corporation substantially in the form attached hereto as Exhibit B. View More
Term and Termination. 7.1This 7.1 This Agreement shall be effective beginning on the date hereof and continuing until the last day of Director's current term as a an independent director of the Corporation, unless earlier terminated as provided in this Section. 7.2The This Agreement shall automatically renew upon the date of Director's reelection as an independent director of the Corporation. 7.2 The term of service as a Director under this Agreement is as specified in the bylaws of the Corporation, unless earlier te...rminated as provided in this Section. 7.3Director 7.3 Director may at any time, and for any reason, resign from such position subject to any other contractual obligation or any obligation imposed by operation of law. 7.4Director 7.4 Director may be removed from the Board or any Committee, with or without cause. 7.5This 7.5 This Agreement shall automatically terminate upon the death or disability of Director or upon his resignation or removal from the Board. 7.6In For purposes of this Section, "disability" shall mean the inability of Director to perform the Services for a period of at least fifteen (15) consecutive days. 2 7.6 In the event of any termination of this Agreement, Director agrees to return any materials received from the Corporation pursuant to Section 3 of this Agreement except as may be necessary to fulfill any outstanding obligations hereunder. 7.7Upon Director agrees that the Corporation has the right of injunctive relief to enforce this provision. 7.7 Upon termination of this Agreement, the Corporation shall promptly pay Director all unpaid compensation due, pursuant to Section 5 above, and expense reimbursements incurred, if any, as of the date of termination, upon receipt of reasonable documentation. View More
Term and Termination. 7.1This 7.1 This Agreement shall be effective beginning on the date hereof and continuing until the last day of Director's current term as a director of the Corporation, unless earlier terminated as provided in this Section. 7.2The This Agreement shall automatically renew upon the date of Director's reelection as a director of the Corporation. 7.2 The term of service as a Director under this Agreement is as specified in the bylaws of the Corporation, unless earlier terminated as provided in this... Section. 7.3Director 7.3 Director may at any time, and for any reason, resign from such position subject to any other contractual obligation or any obligation imposed by operation of law. 7.4Director 7.4 Director may be removed from the Board or any Committee, with or without cause. 7.5This 2 7.5 This Agreement shall automatically terminate upon the death or disability of Director or upon his resignation or removal from the Board. 7.6In For purposes of this Section, "disability" shall mean the inability of Director to perform the Services for a period of at least fifteen (15) consecutive days. 7.6 In the event of any termination of this Agreement, Director agrees to return any materials received from the Corporation pursuant to Section 3 of this Agreement except as may be necessary to fulfill any outstanding obligations hereunder. 7.7Upon Director agrees that the Corporation has the right of injunctive relief to enforce this provision. 7.7 Upon termination of this Agreement, the Corporation shall promptly pay Director all unpaid compensation due, pursuant to Section 5 above, and expense reimbursements incurred, if any, as of the date of termination, upon receipt of reasonable documentation. View More
Term and Termination. 7.1This 7.1 This Agreement shall be effective beginning on the date hereof and continuing until the last day of Director's current term as a an independent director of the Corporation, unless earlier terminated as provided in this Section. 7.2The This Agreement shall automatically renew upon the date of Director's reelection as an independent director of the Corporation. 7.2 The term of service as a Director under this Agreement is as specified in the bylaws of the Corporation, unless earlier te...rminated as provided in this Section. 7.3Director 7.3 Director may at any time, and for any reason, resign from such position subject to any other contractual obligation or any obligation imposed by operation of law. 7.4Director 7.4 Director may be removed from the Board or any Committee, with or without cause. 7.5This 7.5 This Agreement shall automatically terminate upon the death or disability of Director or upon his resignation or removal from the Board. 7.6In For purposes of this Section, "disability" shall mean the inability of Director to perform the Services for a period of at least fifteen (15) consecutive days. 7.6 In the event of any termination of this Agreement, Director agrees to return any materials received from the Corporation pursuant to Section 3 of this Agreement except as may be necessary to fulfill any outstanding obligations hereunder. 7.7Upon Director agrees that the Corporation has the right of injunctive relief to enforce this provision. 7.7 Upon termination of this Agreement, the Corporation shall promptly pay Director all unpaid compensation due, pursuant to Section 5 above, and expense reimbursements incurred, if any, as of the date of termination, upon receipt of reasonable documentation. View More
Term and Termination. 7.1This 7.1 This Agreement shall be effective beginning on the date hereof and continuing until the last day of Director's current term as a director of the Corporation, unless earlier terminated as provided in this Section. 7.2The This Agreement shall automatically renew upon the date of Director's reelection as a director of the Corporation. 7.2 The term of service as a Director under this Agreement is as specified in the bylaws of the Corporation, unless earlier terminated as provided in this... Section. 7.3Director 7.3 Director may at any time, and for any reason, resign from such position subject to any other contractual obligation or any obligation imposed by operation of law. 7.4Director 7.4 Director may be removed from the Board or any Committee, with or without cause. 7.5This 7.5 This Agreement shall automatically terminate upon the death or disability of Director or upon his resignation or removal from the Board. 7.6In For purposes of this Section, "disability" shall mean the inability of Director to perform the Services for a period of at least fifteen (15) consecutive days. 7.6 In the event of any termination of this Agreement, Director agrees to return any materials received from the Corporation pursuant to Section 3 of this Agreement except as may be necessary to fulfill any outstanding obligations hereunder. 7.7Upon Director agrees that the Corporation has the right of injunctive relief to enforce this provision. 7.7 Upon termination of this Agreement, the Corporation shall promptly pay Director all unpaid compensation due, pursuant to Section 5 above, and expense reimbursements incurred, if any, as of the date of termination, upon receipt of reasonable documentation. View More
Term and Termination. 7.1This 7.1 This Agreement shall be effective beginning on the date hereof and continuing until the last day of Director's current term as a director of the Corporation, unless earlier terminated as provided in this Section. 7.2The This Agreement shall automatically renew upon the date of Director's reelection as a director of the Corporation. 7.2 The term of service as a Director under this Agreement is as specified in the bylaws Charter Documents of the Corporation, unless earlier terminated a...s provided in this Section. 7.3Director 7.3 Director may at any time, and for any reason, resign from such position subject to any other contractual obligation or any obligation imposed by operation of law. 7.4Director 7.4 Director may be removed from the Board or any Committee, with or without cause. 7.5This cause, in accordance with the Charter Documents. 7.5 This Agreement shall automatically terminate upon the death or disability of Director or upon his resignation or removal from the Board. 7.6In 7.6 In the event of any termination of this Agreement, Director agrees to return any materials received from the Corporation pursuant to Section 3 of this Agreement except as may be necessary to fulfill any outstanding obligations hereunder. 7.7Upon Director agrees that the Corporation has the right of injunctive relief to enforce this provision. 7.7 Upon termination of this Agreement, the Corporation shall promptly pay Director all unpaid compensation due, pursuant to Section 5 above, and expense reimbursements incurred, if any, as of the date of termination, upon receipt of reasonable documentation. View More
