Here is an example of a termination clause: “Party A and Party B have the right to terminate the Contract under material breach, change in circumstances, insolvency, and mutual agreement. To terminate the Contract, the terminating party must provide 30 days of written notice to the other party.
The Parties mutually agree that Contract shall be terminated effective date (the "Termination Date"). Optional: Except as expressly provided herein, the Contract will terminate ing to the terms as set forth therein. Upon the Termination Date, the Contract shall have no further force or effect.
Upon the termination of your employment for any reason, you will be entitled to the compensation and benefits earned and the reimbursements described in this Agreement through the date of termination.
A contract may allow a party or both parties to elect to bring it to an end, for no specific reason. If that is the case, understanding the notice requirements will be incredibly important.
Either party may terminate this Agreement at any time after insert time period after which agreement can be terminated, e.g., one (1) year, with or without cause, by written notice to the other, such termination to become effective number, e.g., sixty (60) days after receipt of such notice.
Upon the termination of your employment for any reason, you will be entitled to the compensation and benefits earned and the reimbursements described in this Agreement through the date of termination.
Employer may terminate Employee's employment immediately and without prior notice upon the occurrence of any of the following events, each of which shall be deemed “Reasonable Cause” for termination: (i) Employee commits any act of gross negligence, fraud, dishonesty, or willful violation of any law or material ...
Whether a party is terminating in ance with its contractual or common law rights, it will generally be required to give notice of termination. This will usually specify the grounds for termination and the effective date of termination.
The term “Termination for Cause” shall mean termination because of Executive's personal dishonesty, incompetence, willful misconduct, any breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, or regulation (other than traffic violations or ...
A notice of termination is what an employer uses to notify an employee as to the end of their employment contract. More broadly, it may also refer to the formal notification of the end of a contract between two or more parties.