Termination Fees and Remedies

The merger agreement contains certain termination rights for Twitter and Parent.

Upon valid termination of the merger agreement under specified circumstances, Twitter will be required to pay, at the direction of Parent, a termination fee of $1,000,000,000.

https://www.sec.gov/Archives/edgar/data/1418091/000119312522152250/d283119dprem14a.htm#toc283119_20