diff --git a/src/c++/perf_analyzer/client_backend/mock_client_backend.h b/src/c++/perf_analyzer/client_backend/mock_client_backend.h
index 483af914d..04f0304e9 100644
--- a/src/c++/perf_analyzer/client_backend/mock_client_backend.h
+++ b/src/c++/perf_analyzer/client_backend/mock_client_backend.h
@@ -489,6 +489,14 @@ class NaggyMockClientBackend : public ClientBackend {
             });
   }
 
+  ~NaggyMockClientBackend()
+  {
+    // Make sure no requests carry over to the next test
+    while (stats_->num_active_infer_calls) {
+      std::this_thread::sleep_for(std::chrono::milliseconds(1));
+    }
+  }
+
   MOCK_METHOD(
       Error, ModelConfig,
       (rapidjson::Document*, const std::string&, const std::string&),
diff --git a/src/c++/perf_analyzer/concurrency_worker.cc b/src/c++/perf_analyzer/concurrency_worker.cc
index 37a562f76..ec22c9a38 100644
--- a/src/c++/perf_analyzer/concurrency_worker.cc
+++ b/src/c++/perf_analyzer/concurrency_worker.cc
@@ -111,7 +111,7 @@ ConcurrencyWorker::HandleExecuteOff()
       // Wait if no request should be sent and it is not exiting
       thread_config_->is_paused_ = true;
       std::unique_lock<std::mutex> lock(wake_mutex_);
-      wake_signal_.wait(lock, [this]() { return early_exit || execute_; });
+      wake_signal_.wait(lock, [this]() { return exiting_ || execute_; });
 
       // TODO REFACTOR TMA-1043 - memory manager should be handling this instead
       // of here
@@ -131,10 +131,10 @@ ConcurrencyWorker::HandleNoConcurrency()
     // Wait if no request should be sent and it is not exiting
     std::unique_lock<std::mutex> lock(wake_mutex_);
     wake_signal_.wait(lock, [this]() {
-      return early_exit || (thread_config_->concurrency_ > 0);
+      return exiting_ || (thread_config_->concurrency_ > 0);
     });
-    // Stop executing if concurrency is 0 and early exit is requested
-    if (early_exit && thread_config_->concurrency_ == 0) {
+    // Stop executing if concurrency is 0 and we are exiting
+    if (exiting_ && thread_config_->concurrency_ == 0) {
       return true;
     }
   }
@@ -181,7 +181,7 @@ ConcurrencyWorker::WaitForResponses()
       std::unique_lock<std::mutex> lk(cb_mtx_);
       thread_stat_->idle_timer.Start();
       cb_cv_.wait(lk, [this] {
-        if (notified_) {
+        if (notified_ || (exiting_ && fast_exit_)) {
           notified_ = false;
           return true;
         }
diff --git a/src/c++/perf_analyzer/infer_context.cc b/src/c++/perf_analyzer/infer_context.cc
index 8929e6c99..67fdb5af9 100644
--- a/src/c++/perf_analyzer/infer_context.cc
+++ b/src/c++/perf_analyzer/infer_context.cc
@@ -63,7 +63,7 @@ InferContext::SendSequenceInferRequest(uint32_t seq_stat_index, bool delayed)
   // This also helps in reporting the realistic latencies.
   std::lock_guard<std::mutex> guard(
       sequence_manager_->GetMutex(seq_stat_index));
-  if (!early_exit && execute_) {
+  if (!exiting_ && execute_) {
     sequence_manager_->SetInferSequenceOptions(
         seq_stat_index, infer_data_.options_);
 
@@ -298,6 +298,13 @@ InferContext::AsyncCallbackFuncImpl(cb::InferResult* result)
     // Add the request record to thread request records vector with
     // proper locking
     std::lock_guard<std::mutex> lock(thread_stat_->mu_);
+
+    // If we are fast exiting, do not handle the request and instead exit
+    // immediately
+    if (exiting_ && fast_exit_) {
+      return;
+    }
+
     thread_stat_->cb_status_ = result_ptr->RequestStatus();
     if (thread_stat_->cb_status_.IsOk()) {
       std::string request_id;
diff --git a/src/c++/perf_analyzer/infer_context.h b/src/c++/perf_analyzer/infer_context.h
index 7bacb16d5..35715a24d 100644
--- a/src/c++/perf_analyzer/infer_context.h
+++ b/src/c++/perf_analyzer/infer_context.h
@@ -104,6 +104,16 @@ class InferContext {
   // Initialize the context. Must be done before any inferences are sent
   void Init();
 
+  // Signal to the context to stop working and exit
+  // If fast exit is true, everything should be immediately dropped
+  // If fast exit is false, the context should still handle outstanding requests
+  // before exiting
+  void Exit(bool fast_exit)
+  {
+    exiting_ = true;
+    fast_exit_ = fast_exit;
+  }
+
   // Send a single inference request to the server
   void SendInferRequest(bool delayed = false);
 
@@ -192,6 +202,8 @@ class InferContext {
 
   const uint32_t id_{0};
   const size_t thread_id_{0};
+  bool exiting_{false};
+  bool fast_exit_{false};
 
   size_t GetNumActiveThreads() { return num_active_threads_; }
 
diff --git a/src/c++/perf_analyzer/iworker.h b/src/c++/perf_analyzer/iworker.h
index 3a72f4c10..bc6d1b9b7 100644
--- a/src/c++/perf_analyzer/iworker.h
+++ b/src/c++/perf_analyzer/iworker.h
@@ -33,6 +33,7 @@ namespace triton { namespace perfanalyzer {
 class IWorker {
  public:
   virtual void Infer() = 0;
+  virtual void Exit(bool fast_exit) = 0;
 };
 
 }}  // namespace triton::perfanalyzer
diff --git a/src/c++/perf_analyzer/load_manager.cc b/src/c++/perf_analyzer/load_manager.cc
index ac9150a9d..148060864 100644
--- a/src/c++/perf_analyzer/load_manager.cc
+++ b/src/c++/perf_analyzer/load_manager.cc
@@ -164,8 +164,8 @@ LoadManager::LoadManager(
     const std::unordered_map<std::string, cb::RequestParameter>&
         request_parameters)
     : async_(async), streaming_(streaming), batch_size_(batch_size),
-      max_threads_(max_threads), parser_(parser), factory_(factory),
-      using_json_data_(false)
+      max_threads_(max_threads), shared_memory_type_{shared_memory_type},
+      parser_(parser), factory_(factory), using_json_data_(false)
 {
   on_sequence_model_ =
       ((parser_->SchedulerType() == ModelParser::SEQUENCE) ||
@@ -248,9 +248,16 @@ LoadManager::InitManagerInputs(
 void
 LoadManager::StopWorkerThreads()
 {
-  early_exit = true;
-  // wake up all threads
-  wake_signal_.notify_all();
+  bool fast_exit = shared_memory_type_ == SharedMemoryType::NO_SHARED_MEMORY;
+
+  for (auto& worker : workers_) {
+    worker->Exit(fast_exit);
+  }
+
+  {
+    std::unique_lock<std::mutex> lock(wake_mutex_);
+    wake_signal_.notify_all();
+  }
 
   size_t cnt = 0;
   for (auto& thread : threads_) {
diff --git a/src/c++/perf_analyzer/load_manager.h b/src/c++/perf_analyzer/load_manager.h
index 799bfa75f..fbaf5234a 100644
--- a/src/c++/perf_analyzer/load_manager.h
+++ b/src/c++/perf_analyzer/load_manager.h
@@ -140,6 +140,7 @@ class LoadManager {
   size_t batch_size_;
   size_t max_threads_;
   bool on_sequence_model_;
+  SharedMemoryType shared_memory_type_;
 
   std::shared_ptr<ModelParser> parser_;
   std::shared_ptr<cb::ClientBackendFactory> factory_;
diff --git a/src/c++/perf_analyzer/load_worker.cc b/src/c++/perf_analyzer/load_worker.cc
index a32976c6a..aceab12e7 100644
--- a/src/c++/perf_analyzer/load_worker.cc
+++ b/src/c++/perf_analyzer/load_worker.cc
@@ -34,6 +34,22 @@
 
 namespace triton { namespace perfanalyzer {
 
+void
+LoadWorker::Exit(bool fast_exit)
+{
+  for (auto ctx : ctxs_) {
+    ctx->Exit(fast_exit);
+  }
+
+  fast_exit_ = fast_exit;
+  exiting_ = true;
+
+  {
+    std::lock_guard<std::mutex> lk(cb_mtx_);
+    cb_cv_.notify_all();
+  }
+}
+
 bool
 LoadWorker::ShouldExit()
 {
@@ -44,7 +60,7 @@ LoadWorker::ShouldExit()
       thread_config_->num_requests_ != 0 &&
       thread_stat_->num_sent_requests_ >= thread_config_->num_requests_;
 
-  return early_exit || bad_status || done_with_request_count;
+  return exiting_ || bad_status || done_with_request_count;
 }
 
 bool
@@ -73,7 +89,7 @@ LoadWorker::CompleteOngoingSequences()
 void
 LoadWorker::WaitForOngoingRequests()
 {
-  while (GetNumOngoingRequests() != 0) {
+  while (GetNumOngoingRequests() != 0 && !(exiting_ && fast_exit_)) {
     std::this_thread::sleep_for(std::chrono::milliseconds(50));
   }
 }
diff --git a/src/c++/perf_analyzer/load_worker.h b/src/c++/perf_analyzer/load_worker.h
index dd7e0297f..c544222b3 100644
--- a/src/c++/perf_analyzer/load_worker.h
+++ b/src/c++/perf_analyzer/load_worker.h
@@ -69,6 +69,12 @@ class LoadWorker : public IWorker {
 
   virtual ~LoadWorker() = default;
 
+  // Tell the worker thread to stop issuing new requests and to exit
+  // If fast_exit is true, the worker thread should exit as fast as possible. If
+  // it is false, it should still wait for all outstanding requests before
+  // exiting
+  virtual void Exit(bool fast_exit) override;
+
  protected:
   // Return the total number of async requests that have started and not
   // finished
@@ -117,6 +123,9 @@ class LoadWorker : public IWorker {
 
   void AsyncCallbackFinalize(uint32_t ctx_id);
 
+  bool exiting_ = false;
+  bool fast_exit_ = false;
+
   uint32_t id_;
 
   std::vector<std::shared_ptr<InferContext>> ctxs_;
diff --git a/src/c++/perf_analyzer/request_rate_worker.cc b/src/c++/perf_analyzer/request_rate_worker.cc
index 48ccb361b..e49bcaa13 100644
--- a/src/c++/perf_analyzer/request_rate_worker.cc
+++ b/src/c++/perf_analyzer/request_rate_worker.cc
@@ -46,6 +46,9 @@ RequestRateWorker::Infer()
     HandleExecuteOff();
 
     bool is_delayed = SleepIfNecessary();
+    if (HandleExitConditions()) {
+      return;
+    }
     uint32_t ctx_id = GetCtxId();
     SendInferRequest(ctx_id, is_delayed);
     RestoreFreeCtxId(ctx_id);
@@ -119,7 +122,7 @@ RequestRateWorker::HandleExecuteOff()
     // Wait if no request should be sent and it is not exiting
     thread_config_->is_paused_ = true;
     std::unique_lock<std::mutex> lock(wake_mutex_);
-    wake_signal_.wait(lock, [this]() { return early_exit || execute_; });
+    wake_signal_.wait(lock, [this]() { return exiting_ || execute_; });
   }
 
   thread_config_->is_paused_ = false;
@@ -155,7 +158,7 @@ RequestRateWorker::WaitForFreeCtx()
     std::unique_lock<std::mutex> lk(cb_mtx_);
     thread_stat_->idle_timer.Start();
     cb_cv_.wait(lk, [this] {
-      if (notified_) {
+      if (notified_ || exiting_) {
         notified_ = false;
         return true;
       }
diff --git a/src/c++/perf_analyzer/test_concurrency_manager.cc b/src/c++/perf_analyzer/test_concurrency_manager.cc
index 1941a018e..07d803ba1 100644
--- a/src/c++/perf_analyzer/test_concurrency_manager.cc
+++ b/src/c++/perf_analyzer/test_concurrency_manager.cc
@@ -474,7 +474,7 @@ TEST_CASE("concurrency_free_ctx_ids")
 
   std::this_thread::sleep_for(std::chrono::milliseconds(15));
 
-  early_exit = true;
+  worker->Exit(false);
   infer_future.get();
 
   // The first sequence should only be called two times, once at the very start,
@@ -590,7 +590,7 @@ TEST_CASE("Concurrency - shared memory infer input calls")
 
   std::this_thread::sleep_for(std::chrono::milliseconds(18));
 
-  early_exit = true;
+  worker->Exit(false);
   infer_future.get();
 
   const auto& actual_append_raw_calls{tcm.stats_->num_append_raw_calls};
diff --git a/src/c++/perf_analyzer/test_load_manager_base.h b/src/c++/perf_analyzer/test_load_manager_base.h
index 6bbdf6d23..c48bdead1 100644
--- a/src/c++/perf_analyzer/test_load_manager_base.h
+++ b/src/c++/perf_analyzer/test_load_manager_base.h
@@ -66,12 +66,6 @@ class TestLoadManagerBase {
         is_sequence_model, is_decoupled_model);
   }
 
-  ~TestLoadManagerBase()
-  {
-    // Reset early_exit in case any test sets it to true during execution.
-    early_exit = false;
-  }
-
   // Helper function to process custom json data in testing
   // Creates a model tensor to pass to a mock parser which is consumed by the
   // mock data loader
diff --git a/src/c++/perf_analyzer/test_request_rate_manager.cc b/src/c++/perf_analyzer/test_request_rate_manager.cc
index e4870b95b..81229623d 100644
--- a/src/c++/perf_analyzer/test_request_rate_manager.cc
+++ b/src/c++/perf_analyzer/test_request_rate_manager.cc
@@ -149,7 +149,6 @@ class TestRequestRateManager : public TestLoadManagerBase,
         REQUIRE(timestamp.count() == expected_current_timestamp.count());
       }
     }
-    early_exit = true;
   }
 
   void TestCreateSchedule(
@@ -168,7 +167,6 @@ class TestRequestRateManager : public TestLoadManagerBase,
       total_num_seqs += w->thread_config_->num_sequences_;
       worker_schedule_sizes.push_back(w->schedule_->intervals.size());
     }
-    early_exit = true;
 
     CHECK(num_of_sequences_ == total_num_seqs);
     for (int i = 0; i < worker_schedule_sizes.size() - 1; i++) {
@@ -977,7 +975,7 @@ TEST_CASE("request_rate_streaming: test that streaming-specific logic works")
   std::dynamic_pointer_cast<IScheduler>(worker)->SetSchedule(schedule);
   std::future<void> infer_future{std::async(&IWorker::Infer, worker)};
 
-  early_exit = true;
+  worker->Exit(false);
   infer_future.get();
 
   CHECK(
@@ -1827,7 +1825,7 @@ TEST_CASE("Request rate - Shared memory infer input calls")
 
   std::this_thread::sleep_for(milliseconds(18));
 
-  early_exit = true;
+  worker->Exit(false);
   infer_future.get();
 
   const auto& actual_append_raw_calls{trrm.stats_->num_append_raw_calls};
@@ -2184,7 +2182,7 @@ TEST_CASE("request rate create schedule")
   params.max_trials = 10;
   bool is_sequence_model = false;
   bool is_decoupled = false;
-  bool use_mock_infer = false;
+  bool use_mock_infer = true;
   double rate = 10;
   std::vector<uint32_t> expected_worker_ratio;