The effect of termination clause generally outlines the obligations of the parties upon the termination of the agreement, and may specify that some obligations will remain in effect after the termination. The consequences of termination depend on the type of agreement. Some agreements, e.g. stock option plans and share buy back agreements, may provide that certain events (e.g. termination of employment) will trigger the right of the corporation to cancel or repurchase the employee’s shares. Other agreements, e.g. website terms of use, may provide that on termination of the relationship all client data will be deleted from the website. Many agreements will provide that upon termination payment must be made for goods and services supplied to the date of termination. It is important to review these clauses carefully.