Common use of By Expiration Clause in Contracts

By Expiration. If Executive's employment hereunder shall terminate upon expiration of the term provided in paragraph 2.1 hereof, then all compensation and all benefits (except stock options) to Executive hereunder shall terminate contemporaneously with termination of his employment; provided, however, that if Company shall be the party that gave written notice of such termination, then Company shall, within 10 days after the last day of Executive's employment with Company, pay Executive a lump sum cash payment in an amount equal to 100% of Executive's annual base salary as in effect pursuant to paragraph 3.1 immediately prior to such termination.

By Expiration. If Executive's employment hereunder shall terminate upon expiration of the term provided in paragraph 2.1 hereofhereof (whether the regular term hereof or the Option Term), then (i) all compensation and all benefits (except stock options) to Executive hereunder shall continue to be provided until the expiration of such term, (ii) such compensation and benefits shall terminate contemporaneously with termination of his employment; provided, however, that if and (iii) Company shall be provide Executive with the party that gave written notice of such termination, then Company shall, within 10 days after the last day of Executive's employment with Company, pay Executive a Termination Benefits. Any lump sum cash payment in an amount equal due to 100% Executive pursuant to clause (iii) of the preceding sentence shall be paid to Executive within five business days of the date of Executive's annual base salary as in effect pursuant to paragraph 3.1 immediately prior to such terminationtermination of employment with Company.

By Expiration. If Executive's ’s employment hereunder shall terminate upon expiration of the term provided in paragraph 2.1 hereofhereof (whether the regular term hereof or the Option Term), then (i) all compensation and all benefits (except stock options) to Executive hereunder shall continue to be provided until the expiration of such term, (ii) such compensation and benefits shall terminate contemporaneously with termination of his employment; provided, however, that if and (iii) Company shall be provide Executive with the party that gave written notice of such termination, then Company shall, within 10 days after the last day of Executive's employment with Company, pay Executive a Termination Benefits. Any lump sum cash payment in an amount equal due to 100% Executive pursuant to clause (iii) of the preceding sentence shall be paid to Executive within five business days of the date of Executive's annual base salary as in effect pursuant to paragraph 3.1 immediately prior to such termination’s termination of employment with Company.

By Expiration. If Executive's employment hereunder shall terminate upon expiration of the term provided in paragraph 2.1 hereof, then all compensation and all benefits (except stock options) to Executive hereunder shall terminate contemporaneously with termination of his employment; provided, however, that if Company shall be the party that gave written notice of such termination, then then, Company shall, within 10 days after the last day of Executive's employment with Company, pay Executive a lump sum cash payment in an amount equal to 100% of Executive's annual base salary as in effect pursuant to paragraph 3.1 immediately prior to such termination.

By Expiration. If Executive's employment hereunder shall terminate upon expiration of the term provided in paragraph 2.1 hereof, then all compensation and all benefits (except stock options) to Executive hereunder shall terminate contemporaneously with termination of his employment; provided, however, that if such employment terminates as a result of the Company giving notice pursuant to paragraph 2.1 that the term of employment shall not be the party that gave written notice of such terminationextended automatically, then Company shall, within 10 days after the last day of Executive's employment with Company, shall continue to pay to Executive a lump sum cash payment in an amount equal to 100% of Executive's annual his then current base salary as in effect pursuant to paragraph 3.1 immediately prior to until the first anniversary of the date of such termination.. RAF EMPLOYMENT AGREEMENT LARIAT PETROLEUM, INC. 7 8