Termination Contract Clauses (53,080)

Termination. Escrow Agent's responsibilities and liabilities hereunder, except as a result of its own bad faith, willful misconduct or gross negligence, will terminate upon distribution of all Escrow Shares held by Escrow Agent in accordance with the provisions of this Agreement.

Termination. This Agreement may be terminated on the occurrence of any one of the following events: A. The expiration of the Term hereof; B. A material breach of this Agreement by Consultant, which breach has not been cured within thirty (30) days after a written demand for such performance is delivered to Consultant by the Company that specifically identifies the manner in which the Company believes that Consultant has breached this Agreement; C. Any material acts or events which inhibit Consultant from... fully performing its responsibilities to the Company in good faith, such as (i) a felony criminal conviction; (ii) any other criminal conviction involving Consultant's lack of honesty or Consultant's moral turpitude; (iii) drug or alcohol abuse; or (iv) acts of dishonesty, gross carelessness or gross misconduct. View More

Termination. Each of Tailwind and the Company hereby irrevocably agrees and consents to the termination of the Business Combination Agreement pursuant to Section 7.1(a) of the Business Combination Agreement, with such termination, for the avoidance of doubt, having the effect set forth in Section 7.2 of the Business Combination Agreement and being effective automatically upon execution and delivery of this Agreement.

Termination. This Sponsor Letter Agreement shall terminate at such time, if any, as the Merger Agreement is terminated in accordance with its terms prior to the Closing. In the event of a valid termination of the Merger Agreement, this Sponsor Letter Agreement shall be of no force and effect. No such termination or reversion shall relieve the Sponsor, HTP or the Company from any obligation accruing, or liability resulting from an intentional breach of this Sponsor Letter Agreement occurring prior to such... termination or reversion. View More

Termination. As to any particular Registrable Securities, such securities shall cease to be Registrable Securities at the earliest of the following: (i) when a registration statement registering such securities under the Securities Act has been declared effective and such securities have been sold or otherwise transferred by the holder thereof pursuant to such effective registration statement, 19 (ii) when such securities shall have been distributed pursuant to Rule 144 under the Securities Act, (iii) when... such securities shall have been otherwise transferred in a transaction in which the transferor's rights under this Agreement are not assigned to the transferee of such securities, (iv) when such securities are no longer outstanding and (v) at any time following the Public Offering and with respect to any Investor, when such Investor together with its Affiliates ceases to own at least 1.0% of the then-outstanding shares of Common Stock. View More

Termination. In the event the IPO is not consummated by November 24, 2021, the Company shall promptly refund the Purchase Price for the Securities to the Purchaser in accordance with the instructions provided by the Purchaser and the Securities shall not be delivered to the Purchaser.

Termination. This Agreement may be terminated at any time after [●], 2021 upon the election by either the Company or the Purchaser upon written notice to the other party if the closing of the Public Offering does not occur prior to such date. 5 7. Survival of Representations and Warranties. All of the representations and warranties contained herein shall survive each Closing Date.

Termination. This Agreement may be terminated at any time after [●], 2021 upon the election by either the Company or the Purchaser upon written notice to the other party if the closing of the Public Offering does not occur prior to such date.

Termination. All notices, demands or other communications to be given or delivered under or by reason of the provisions of this Agreement will be in writing and will be deemed to have been given when delivered personally, mailed by certified or registered mail, return receipt requested and postage prepaid, or sent via a nationally recognized overnight courier, or sent via email to the recipient (with a confirmatory copy delivered by one of the foregoing additional methods). Such notices, demands and other... communications will be sent to the address indicated below: To the Company: Acushnet Holdings Corp.333 Bridge StreetFairhaven, Massachusetts 02719United States of AmericaAttention: Roland GirouxTel No. : Email Address: and to the Seller: Magnus Holdings Co., Ltd. 18F East Central Tower1077 Cheonho-daero, Gangdong-gu, Seoul, 05345Republic of Korea Attention: Ho Yeon Lee Tel No. : Email Address: or such other address or to the attention of such other person as the recipient party shall have specified by prior written notice to the sending party. View More

Termination. The Compensation covered by this Agreement is for the Executive's future services to the Company for the Term. This Agreement shall be terminated as of the end of the defined term, unless the parties renew the same in writing. The Company may terminate Executive at any time, with or without cause, provided however, if the Executive is terminated without cause: (a) the stock option compensation to be paid hereunder shall be deemed granted and fully vested at the time of this seven (7) month... Employment Agreement and is not subject to revocation or return. (b) The monthly salary will still be owed to the Executive for the duration of the defined seven (7) month term, through July 30, 2018. The term "cause" shall mean the Executive must have (i) been willful, gross or persistent in Executive's inattention to Executive's duties or the Executive committed acts which constitute willful or gross misconduct and, after written notice of the same has been given to the Executive and he has been given an opportunity to cure the same within thirty (30) days after such notice; or (ii) found guilty of having committed actual fraud against the Company. View More