Termination means recall / reimage all device on store shelf and maybe compensation for those distrubited without license.
About termination, what you mention is kind of stopping further violation of the terms and maybe compensation for the past violations. What I wanted to mention (but wasn't at all clear about) is that after termination, you cannot even distribute if you intend to abide by the terms unless you are forgiven by the copyright holder. (In the case of the GPL version 3 there is some grace period during which for the first violation, if you abide within that period, you are explicitly permitted to resume distribution under the license terms.)