Termination Clause Example from Business Contracts

This example Termination clause appears in 3 contracts from 3 companies

Termination. With or without cause, the Company and the Director may each terminate this Agreement at any time upon ten (10) days written notice, and the Company shall be obligated to pay to the Director the compensation and expenses due up to the date of the termination. Nothing contained herein or omitted herefrom shall prevent the stockholder(s) of the Company from removing the Director with immediate effect at any time for any reason. For the avoidance of doubt, if the Company terminates this Agreement p...rior to the closing of the IPO in accordance with Section 2 hereof, then the Company shall not have any liability whatsoever to the Director. View More