The phrase "a termination clause" is correct and usable in written English.
You can use it in legal or contractual contexts to refer to a provision that allows one or both parties to end a contract under specified conditions.
Example: "The contract includes a termination clause that outlines the conditions under which either party can terminate the agreement."
Alternatives: "a cancellation provision" or "a contract termination provision".
Neither the House nor the Senate version contained such a termination clause before the conference, all involved agree.
While the legal agreement between Theranos and Walgreens isn't public, legal experts said nearly all such contracts have a termination clause that anticipates something can go wrong.
Under a termination clause in that agreement, the rights to Remicade and another drug under development could revert to Johnson & Johnson if control or ownership of Schering changes.
Another suggestion made by the plaintiffs is that the court should insist on a termination clause being written into the treaties, allowing any member state to give notice to quit the agreements.
Any agreement will be heavily scrutinised because FirstGroup has activated a termination clause that allowed it to avoid £800m in premium payments to the taxpayer, but is now negotiating a contract extension that is expected to be on more favourable terms.
"If I stood up at their annual general meeting and made a fuss as an investor they would take their business away".Britain's National Association of Pension Funds recently attacked the pay package of Michael Dobson, the chief executive of Schroders, a large British fund manager, because it included a non-performance-related bonus of £1.8m a year and a termination clause worth a minimum of £3.5m.
I'll get more specific below, but the combination of a basically non-binding agreement combined with a complex termination clause and associated termination fee to Google, suggest that the deal is little more than a favor to Yahoo, with a payoff to Google for their trouble.
Under a "qualified termination clause" in his employment contract, Mr. Capellas will receive three times his salary of $1.6 million and three times a target bonus of $3.2 million, totaling $14.4 million.
The lack of a death termination clause does not necessarily defeat the alimony deduction.
That might be one reason a death termination clause gets left out of some agreements, but there is another possibility if you are cynical.
A common termination clause says that the person who wants out of the contract must notify the others involved of his intent to do so.
