Termination Clause Example with 7 Variations from Business Contracts

This page contains 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.
Termination. 6.1 Generally. The covenants set forth in Section 2.1, Section 2.2 and Section 4 shall terminate and be of no further force or effect upon the earliest to occur of: (a) immediately before the consummation of the IPO; (b) when the Company first becomes subject to the periodic reporting requirements of Section 12(g) or 15(d) of the Exchange Act; or (c) upon a Deemed Liquidation Event or a Stock Sale. 6.2 Registration Rights. The right of any Holder to request registration or inclusion of Registrab...le Securities in any registration pursuant to Section 3.1 or Section 3.2 shall terminate upon the earliest to occur of: (a) when all of such Holder's Registrable Securities could be sold without any restriction on volume or manner of sale in any three-month period under SEC Rule 144 or any successor; (b) upon a Deemed Liquidation Event or a Stock Sale; and (c) the seventh (7th) anniversary of the IPO. View More
Found in Loxo Oncology, Inc. contract

Variations of a "Termination" Clause from Business Contracts

Termination. 6.1 Generally. The covenants set forth in Section 2.1, Section 2.2 2.2, Section 2.3, Section 4 and Section 4 5 shall terminate and be of no further force or effect upon the earliest to occur of: (a) immediately before the consummation of the an IPO; or (b) when the Company first becomes subject to the periodic reporting requirements of Section 12(g) or 15(d) of the Exchange Act; or (c) upon a Deemed Liquidation Event or a Stock Sale. Event, in which the consideration is cash and/or freely-tradea...ble and marketable securities. 6.2 Registration Rights. The right of any Holder to request registration or inclusion of Registrable Securities in any registration pursuant to Section 3.1 or Section 3.2 shall terminate upon the earliest to occur of: (a) any time following an IPO when the holder holds less than 1% of the outstanding securities of the Company and all of such Holder's Registrable 24 Securities could may be sold without any restriction on volume or manner of sale in any three-month period under SEC Rule 144 or any successor; and (b) upon a Deemed Liquidation Event or a Stock Sale; and (c) the seventh (7th) fifth anniversary of the IPO. View More
Found in Reneo Pharmaceuticals, Inc. contract
Termination. 6.1 Generally. The covenants set forth in Section 2.1, Section 2.2 2.2, Section 2.3, Section 4 and Section 4 5 (other than Section 5.3) shall terminate and be of no further force or effect upon the earliest to occur of: (a) immediately before (but subject to) the consummation of a Qualified Public Offering (as defined in the IPO; Restated Certificate); (b) when the Company first becomes subject to the periodic reporting requirements of Section 12(g) or 15(d) of the Exchange Act; or (c) subject t...o the terms and conditions set forth in the Restated Certificate, upon the consummation of a Deemed Liquidation Event or a Stock Sale. 24 6.2 Registration Rights. The right of any Holder to request registration or inclusion of Registrable Securities in any registration pursuant to Section 3.1 or Section 3.2 shall terminate upon the earliest to occur of: (a) when all of such Holder's Registrable Securities could be sold without any restriction on volume or manner of sale in any three-month period under SEC Rule 144 or any successor; and (b) subject to the terms and conditions set forth in the Restated Certificate upon the consummation of a Deemed Liquidation Event or a Stock Sale; and (c) the seventh (7th) anniversary of the IPO. Sale. View More
Found in 2 Contracts from Applovin Corp
Termination. 6.1 Generally. The covenants set forth in Section 2.1, Section 2.2 and Section 4 3.12.3 shall terminate and be of no further force or effect upon the earliest to occur of: (a) immediately before the consummation of the IPO; IPO or (b) when the Company first becomes subject to the periodic reporting requirements of Section 12(g) or 15(d) of the Exchange Act; or (c) upon a Deemed Liquidation Event or a Stock Sale. 6.2 Registration Rights. The right of any Holder to request registration or inclusio...n of Registrable Securities in any registration pursuant to Section 3.1 or Section 3.2 shall terminate upon the earliest to occur of: (a) at any time following an IPO when (i) such Holder holds less than 1% of the Company's outstanding securities and (ii) all of such Holder's Registrable Securities could be sold without any restriction on volume or manner of sale in any three-month period under SEC Rule 144 or any successor; (b) upon a Deemed Liquidation Event or a Stock Sale; and (c) the seventh (7th) fifth (5th) anniversary of the a Qualified IPO. View More
Found in Samsara Inc. contract
Termination. 6.1 Generally. The covenants set forth in Section 2.1, Section 2.2 4 and Section 4 5, other than Section 5.5, shall terminate and be of no further force or effect upon the earlier to occur of: (a) immediately before the consummation of the IPO or (b) upon a Deemed Liquidation Event. The covenants set forth in Section 2.1 and Section 2.2 shall terminate upon the earliest to occur of: of (a) immediately before the consummation of the IPO; (b) when the Company first becomes subject to the periodic ...reporting requirements of Section 12(g) or 15(d) of the Exchange Act; or (c) upon a Deemed Liquidation Event in which the Major Investors receive cash, publicly traded securities or a Stock Sale. any combination thereof in exchange for all their securities in the Company. 6.2 Registration Rights. The right of any Holder to request registration or inclusion of Registrable Securities in any registration pursuant to Section 3.1 or Section 3.2 shall terminate upon the earliest to occur of: (a) a Deemed Liquidation Event, or (b) the fifth anniversary of the IPO; and shall terminate as to any shares, when all such shares of such Holder's Registrable Securities could be sold without any restriction on volume or manner of sale in any three-month period under SEC Rule 144 or any successor; (b) upon a Deemed Liquidation Event or a Stock Sale; and (c) the seventh (7th) anniversary of the IPO. successor. View More
Found in Turo Inc. contract
Termination. 6.1 Generally. The covenants set forth in Section 2.1, Section 2.2 and Section 4 5, except for Sections 5.5, shall terminate and be of no further force or effect upon the earliest to occur of: (a) 17 immediately before the consummation of the IPO; (b) when the Company first becomes subject to the periodic reporting requirements of Section 12(g) or 15(d) of the Exchange Act; or (c) upon a Deemed Liquidation Event Event. The covenants set forth in Section 4 shall terminate and be of no further for...ce or effect upon the earliest to occur of: (a) immediately before the consummation of the IPO; or (b) upon a Stock Sale. Deemed Liquidation Event. 6.2 Registration Rights. The right of any Holder to request registration or inclusion of Registrable Securities in any registration pursuant to Section 3.1 or Section 3.2 shall terminate upon the earliest to occur of: (a) when all of such Holder's Registrable Securities could be sold without any restriction on volume or manner of sale in any three-month period under SEC Rule 144 or any successor; (b) upon a Deemed Liquidation Event or a Stock Sale; Event; and (c) the seventh (7th) third (3rd) anniversary of the IPO. View More
Found in Progyny, Inc. contract
Termination. 6.1 Generally. The covenants set forth in Section 2.1, Section 2.2 and Section 4 shall terminate and be of no further force or effect upon the earliest to occur of: (a) immediately before the consummation of the IPO; (b) when the Company first becomes subject to the periodic reporting requirements of Section 12(g) or 15(d) of the Exchange Act; or (c) upon a Deemed Liquidation Event or a Stock Sale. Event. 6.2 Registration Rights. The right of any Holder to request registration or inclusion of Re...gistrable Securities in any registration pursuant to Section 3.1 or Section 3.2 shall terminate upon the earliest to occur of: (a) when all of such Holder's Registrable Securities could be sold without any restriction on volume or manner of sale in any three-month period under SEC Rule 144 or any successor; (b) upon a Deemed Liquidation Event or a Stock Sale; Event; and (c) the seventh (7th) fifth (5th) anniversary of the IPO. View More
Found in Upwork Inc. contract
Termination. 6.1 Generally. The covenants set forth in Section 2.1, Section 2.2 and Section 4 shall terminate and be of no further force or effect upon the earliest to occur of: (a) immediately before the consummation of the IPO; IPO in connection with which all of the outstanding Preferred Stock of the Company is converted into Common Stock; (b) when the Company first becomes subject to the periodic reporting requirements of Section 12(g) or 15(d) of the Exchange Act; or (c) upon a Deemed Liquidation Event ...or a Stock Sale. 6.2 Registration Rights. The right of any Holder to request registration or inclusion of Registrable Securities in any registration pursuant to Section 3.1 or Section 3.2 shall terminate upon the earliest to occur of: (a) when all of such Holder's Registrable Securities could be sold without any restriction on volume or manner of sale in any three-month three (3) month period under SEC Rule 144 or any successor; (b) upon a Deemed Liquidation Event or a Stock Sale; and (c) the seventh (7th) fifth (5th) anniversary of the IPO. View More
Found in Audentes Therapeutics, Inc. contract