Reason for Termination Clause Examples for Any Agreement
The "Reason for Termination" clause defines the specific grounds or circumstances under which a party may end the agreement. It typically outlines acceptable reasons such as breach of contract, insolvency, mutual agreement, or failure to meet obligations, and may require the terminating party to provide written notice detailing the cause. This clause ensures that both parties understand what situations justify ending the contract, thereby reducing disputes and providing a clear framework for lawful termination.
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Reason for Termination. Notwithstanding the Term set forth in Section 1(b), Employee’s employment hereunder may be terminated by the Company or Employee, as applicable, without any breach of this Agreement for any reason or no reason, with or without cause.
Reason for Termination. It is mutually agreed by the parties that you will resign your employment with Manugistics in order to secure employment that is more aligned with your career objectives and philosophy. Announcement of your resignation from Manugistics will be at a time and in a manner agreeable to the parties, but before November 23, 1998.
Reason for Termination. (attach any backup correspondence, if applicable)
Reason for Termination. The Parties agree that Unified Financial shall ----------------------- designate Executive's termination as a voluntary resignation, and shall be described as such by the Parties when communicating with others. Regarding matters relating to references, and other information and communication, see Paragraph 9.F below.
Reason for Termination. The Parties agree that in the event of termination of the Agreement by either Party, the terminating Party shall provide a written reason for such termination which may include business reasons of the terminating Party. The Parties agree and understand that any information provided for the reason for termination of the Agreement does not create any new administrative or civil actions and may not be used as substantive evidence in any such action, but may be used for impeachment purposes.
Reason for Termination c. Total Program Exits and Terminations (4.a. + 4.b.) 0 2 ii. Failed to pay rent for three consecutive months 2 1
Reason for Termination. The parties acknowledge that the Designation Deed is being terminated because all designations that are subject to the Designation Deed are being transferred by Toll Rail to the Crown under the National Agreement for Sale and Purchase.
Reason for Termination. Either party may terminate as defined in Article 19. In addition Agilent may terminate after 90 days notice if Supplier is purchased by or merged into another Company which owns more than 50% of the shares of Supplier after such purchase or merger. Should Agilent terminate this Agreement based on the purchase or merger of Supplier, Agilent shall have the option to a one–time lifetime buy of 12 months from Supplier pursuant to the terms of Section 12.1 above, including support as set forth in Articles 11, 12, 13 and 14. Should such purchase or acquisition occur during the First Contract Year for the CH 2000 System, Agilent shall have the additional remedy of recovering its NRE paid to Supplier. Supplier may terminate after 90 days notice if Agilent is purchased by or merged into another Company which owns more than 50% of the shares of Agilent after such purchase or merger other than any purchase of HSG by Koninklijke Philips Electronics N.V.
Reason for Termination. If a client is in need of a more restrictive treatment environment, after a treatment team review, a referral shall be made to the most appropriate program. The Salvation Army Ocala Correctional Services shall be informed of the need for a more intense treatment modality.
Reason for Termination. That the employee’s employment was terminated as a result of the permanent closure of the Plant.