Term and Termination Clause Example from Business Contracts

Term and Termination. The term of this Agreement and the Director's services hereunder shall be for one (1) year from the Effective Date, unless terminated as provided for in this Section 5. This Agreement and the Director's services hereunder shall terminate upon the earlier of the following: (a) Expiration of the Director's term as a director of the Company; (b) Removal of the Director as a director of the Company, upon proper Board or Shareholder action in accordance with the Certificate of Incorporation and Bylaw...s of the Company and applicable law; (c) Resignation of the Director as a director of the Company upon written notice to the Board of Directors of the Company; (d) Such time as when the Director ceases to be a member of the executive management of Geltology Inc. or Xingguo General Fruit Industry Development Co., Ltd. by removal, resignation or otherwise; or (e) Termination of this Agreement by the Company, in the event any of the requirements specified in Section 3 hereof is not satisfied, as determined by the Company in its sole discretion. View More