Termination Clause Example from Business Contracts

This example Termination clause appears in 2 contracts from 1 company

Termination. With or without cause, the Company and the Director may each terminate this Agreement at any time upon 6 (six) months 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 shareholder(s) of the Company from removing the Director with immediate effect at any time for any reason.