Common use of Election Not to Extend the Employment Term Clause in Contracts

Election Not to Extend the Employment Term. In the event either party elects not to extend the Employment Term pursuant to Section 1, unless Executive’s employment is earlier terminated pursuant to paragraphs (a), (b) or (c) of this Section 8, Executive’s termination of employment hereunder (whether or not Executive continues as an employee of the Company Group thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. In the event that the Executive elects not to extend the Employment Term, Executive shall be entitled to receive the Accrued Rights. In the event that the Company Group elects not to extend the Employment Term, Executive shall be entitled to receive the Accrued Rights and the Salary Continuation Payments. Following such termination of Executive’s employment hereunder as a result of either party’s election not to extend the Employment Term, except as set forth in this Section 8(d), Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Election Not to Extend the Employment Term. In the event either party elects not to extend the Employment Term pursuant to Section 1, unless Executive’s employment is earlier terminated pursuant to paragraphs (a), (b) or (c) of this Section 8, Executive’s termination of employment hereunder (whether or not Executive continues as an employee of the Company Group thereafter) shall be deemed to occur on the close of business on the last day immediately preceding of the next scheduled Extension DateEmployment Term. In the event that the Executive elects not to extend the Employment Term, Executive shall be entitled to receive only the Accrued Rights. In the event that the Company Group elects not to extend the Employment Term, Executive shall be deemed to have been terminated by the Company without Cause and will be entitled to receive the Accrued Rights payments, rights and the Salary Continuation Payments. Following such termination of Executive’s employment hereunder as a result of either party’s election not to extend the Employment Term, except as set forth benefits described above in this Section 8(d8(c), Executive with the exception that none of the then issued but unvested Performance Based Restricted Shares shall have no further rights to any compensation or any other benefits under this Agreementvest.

Election Not to Extend the Employment Term. In the event either party elects not to extend the Employment Term pursuant to Section 1, unless Executive’s employment is earlier terminated pursuant to paragraphs (a), (b) or (c) of this Section 8, Executive’s termination of employment hereunder (whether or not Executive continues as an employee of the Company Group or any affiliate thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. In If the event that Company so elects not to extend the Employment Term, Executive shall be treated as having resigned for Good Reason and Executive’s rights and obligations shall be determined in accordance with Section 8(c). If Executive so elects not to extend the Employment Term, Executive shall be entitled to receive the Accrued Rights. In the event that the Company Group elects not to extend the Employment Term, Executive shall be entitled to receive the Accrued Rights and the Salary Continuation Payments. Following such termination of Executive’s employment hereunder as a result of either party’s election not to extend the Employment Term, except as set forth in this Section 8(e)(i), Section 8(d) or Sections 12(k), (m) and (n), or any payments to be made on the Delayed Payment Date, Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Election Not to Extend the Employment Term. In the event either party elects not to extend the Employment Term pursuant to Section 11 of this Agreement, unless Executive’s 's employment is earlier terminated pursuant to paragraphs (a), (b) or (c) of this Section 87, Executive’s 's termination of employment hereunder (whether or not Executive continues as an employee of the Company Group thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. In the event that the Executive elects not to extend the Employment Term, Executive shall be entitled to receive the Accrued Rights. In the event that the Company Group elects not to extend the Employment Term, Executive shall be entitled to receive the Accrued Rights and the Salary Continuation PaymentsContinued Medical Benefits. In the event the Company elects not to extend the Employment Term, such election shall be treated as a termination by the Company without Cause and Executive shall be entitled to receive payments and benefits pursuant to Section 7(c)(iii) of this Agreement. Following such termination of Executive’s 's employment hereunder as a result of either party’s 's election not to extend the Employment Term, except as set forth in this Section 8(d7(d)(i) and Section 11(i), Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Election Not to Extend the Employment Term. In the event either party elects not to extend the Employment Term pursuant to Section 11 of this Agreement, unless Executive’s employment is earlier terminated pursuant to paragraphs (a), (b) or (c) of this Section 87, Executive’s termination of employment hereunder (whether or not Executive continues as an employee of the Company Group Employer thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. In the event that the Executive elects not to extend the Employment Term, Executive shall only be entitled to receive the Accrued Rights. In the event that the Company Group Employer elects not to extend the Employment Term, such election shall be treated as a termination by the Employer without Cause and Executive shall be entitled to receive the Accrued Rights payments and the Salary Continuation Paymentsbenefits pursuant to Section 7(c)(iii) of this Agreement. Following such termination of Executive’s employment hereunder as a result of either party’s election not to extend the Employment Term, except as set forth in Section 5(b), this Section 8(d7(d)(i) and Section 9(a)(ii), Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Election Not to Extend the Employment Term. In the event either party elects not to extend the Employment Term pursuant to Section 1, unless Executive’s employment is earlier terminated pursuant to paragraphs (a), (b) or (c) of this Section 87 (including, without limitation, due to a Constructive Termination pursuant to clause (F) under Section 7(c)(iv) hereof), Executive’s termination of employment hereunder (whether or not Executive continues as an employee of the Company Group thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. In the event that the Executive elects not to extend the Employment Term, Date and Executive shall be entitled to receive the Accrued Rights. In the event that the Company Group elects not to extend the Employment Term, Executive shall be entitled to receive the Accrued Rights and the Salary Continuation Payments. Following such termination of Executive’s employment hereunder as a result of either party’s election not to extend the Employment Term, except as set forth in this Section 8(d7(d)(i) and subject to the provisions of paragraphs (a), (b) or (c) of this Section 7 as may apply, Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Election Not to Extend the Employment Term. In the event either party elects not to extend the Employment Term pursuant to Section 1, unless Executive’s 's employment is earlier terminated pursuant to paragraphs (a), (b) or (c) of this Section 8, Executive’s 's termination of employment hereunder (whether or not Executive continues as an employee of the Company Group or any affiliate thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. In If the event that Company so elects not to extend the Employment Term, Executive shall be treated as having resigned for Good Reason and Executive's rights and obligations shall be determined in accordance with Section 8(c)(iii). If Executive so elects not to extend the Employment Term, Executive shall be entitled to receive the Accrued Rights. In the event that the Company Group elects not to extend the Employment Term, Executive shall be entitled to receive the Accrued Rights and the Salary Continuation Payments. Following such termination of Executive’s 's employment hereunder as a result of either party’s 's election not to extend the Employment Term, except as set forth in this Section 8(d8(d)(i) or Sections 12(k), (m) and (n), Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Election Not to Extend the Employment Term. In the event either party elects not to extend the Employment Term pursuant to Section 1, unless Executive’s employment is earlier terminated pursuant to paragraphs (a), (b) or (c) of this Section 8, Executive’s termination of employment hereunder (whether or not Executive continues as an employee of the Company Group thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. In the event that the Executive elects not to extend the Employment Term, Executive shall be entitled to receive the Accrued Rights. In the event that the Company Group elects not to extend the Employment Term, Executive shall be entitled to receive the Accrued Rights and the Salary Continuation Payments. Following such termination of Executive’s employment hereunder as a result of either party’s election not to extend the Employment Term, except as set forth in this Section 8(d8(d)(i), Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Election Not to Extend the Employment Term. In the event either party elects not to extend the Employment Term pursuant to Section 1, unless Executive’s 's employment is earlier terminated pursuant to paragraphs (a), (b) or (c) of this Section 8, Executive’s 's termination of employment hereunder (whether or not Executive continues as an employee of the Company Group thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. In If Executive provides the event that the Executive elects not to extend Company notice of non-extension of the Employment TermTerm pursuant to Section 1, Executive shall be entitled to receive the Accrued Rights. In the event that If the Company Group elects not to extend provides Executive notice of non-extension of the Employment TermTerm pursuant to Section 1, Executive shall be entitled to receive the Accrued Rights and the Salary Continuation Paymentsbenefits provided in Sections 8(c)(i)(A) - (C), above. Following such termination of Executive’s 's employment hereunder as a result of either party’s 's election not to extend the Employment Term, except as set forth in this Section 8(d8(d)(i), Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Election Not to Extend the Employment Term. In the event either party elects not to extend the Employment Term pursuant to Section 1, unless Executive’s employment is earlier terminated pursuant to paragraphs (a), (b) or (c) of this Section 87 (including, without limitation, due to a Constructive Termination pursuant to clause (F) under Section 7(c)(ii) hereof), Executive’s termination of employment hereunder (whether or not Executive continues as an employee of the Company Group thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. In the event that the Executive elects not to extend the Employment Term, Date and Executive shall be entitled to receive the Accrued Rights. In the event that the Company Group elects not to extend the Employment Term, Executive shall be entitled to receive the Accrued Rights and the Salary Continuation Payments. Following such termination of Executive’s employment hereunder as a result of either party’s election not to extend the Employment Term, except as set forth in this Section 8(d7(d)(i) and subject to the provisions of paragraphs (a), (b) or (c) of this Section 7 as may apply, Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Election Not to Extend the Employment Term. In the event either party elects not to extend the Employment Term pursuant to Section 11 of this Agreement, unless Executive’s 's employment is earlier terminated pursuant to paragraphs (a), (b) or (c) of this Section 87, Executive’s 's termination of employment hereunder (whether or not Executive continues as an employee of the Company Group Employer thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. In the event that the Executive elects not to extend the Employment Term, Executive shall only be entitled to receive the Accrued Rights. In the event that the Company Group Employer elects not to extend the Employment Term, such election shall be treated as a termination by the Employer without Cause and Executive shall be entitled to receive the Accrued Rights payments and the Salary Continuation Paymentsbenefits pursuant to Section 7(c)(iii) of this Agreement. Following such termination of Executive’s 's employment hereunder as a result of either party’s 's election not to extend the Employment Term, except as set forth in Section 5(b), this Section 8(d7(d)(i) and Section 9(a)(ii), Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Election Not to Extend the Employment Term. In the event either party elects not to extend the Employment Term pursuant to Section 11 of this Agreement, unless Executive’s employment is earlier terminated pursuant to paragraphs (a), (b) or (c) of this Section 87, Executive’s termination of employment hereunder (whether or not Executive continues as an employee of the Company Group Employer thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. In the event that the Executive elects not to extend the Employment Term, Executive shall only be entitled to receive the Accrued Rights. In the event that the Company Group Employer elects not to extend the Employment Term, such election shall be treated as a termination by the Employer without Cause and Executive shall be entitled to receive the Accrued Rights payments and the Salary Continuation Paymentsbenefits pursuant to Section 7(c)(iii) of this Agreement. Following such termination of Executive’s employment hereunder as a result of either party’s election not to extend the Employment Term, except as set forth in this Section 8(d7(d)(i) and Section 9(a)(ii), Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Election Not to Extend the Employment Term. In the event either party elects not to extend the Employment Term pursuant to Section 1, unless Executive’s employment is earlier terminated pursuant to paragraphs (a), (b) or (c) of this Section 87 (including, without limitation, due to a Constructive Termination pursuant to clause (E) under Section 7(c)(ii) hereof), Executive’s termination of employment hereunder (whether or not Executive continues as an employee of the Company Group thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. In the event that the Executive elects not to extend the Employment Term, Date and Executive shall be entitled to receive the Accrued Rights. In the event that the Company Group elects not to extend the Employment Term, Executive shall be entitled to receive the Accrued Rights and the Salary Continuation Payments. Following such termination of Executive’s employment hereunder as a result of either party’s election not to extend the Employment Term, except as set forth in this Section 8(d7(d)(i) and subject to the provisions of paragraphs (a), (b) or (c) of this Section 7 as may apply, Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Election Not to Extend the Employment Term. In the event either party elects not to extend the Employment Term pursuant to Section 1, unless Executive’s 's employment is earlier terminated pursuant to paragraphs (a), (b) or (c) of this Section 8, Executive’s 's termination of employment hereunder (whether or not Executive continues as an employee of the Company Group thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. In If Executive provides the event that the Executive elects not to extend Company notice of non-extension of the Employment TermTerm pursuant to Section 1, Executive shall be entitled to receive the Accrued Rights. In the event that If the Company Group elects not to extend provides Executive notice of non-extension of the Employment TermTerm pursuant to Section 1, Executive shall be entitled to receive the Accrued Rights benefits provided in Sections 8(c)(i)(A) and the Salary Continuation Payments(B), above. Following such termination of Executive’s 's employment hereunder as a result of either party’s 's election not to extend the Employment Term, except as set forth in this Section 8(d8(d)(i), Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Election Not to Extend the Employment Term. In the event either party elects not to extend the Employment Term pursuant to Section 1, unless Executive’s 's employment is earlier terminated pursuant to paragraphs (a), (b) or (c) of this Section 8, Executive’s 's termination of employment hereunder (whether or not Executive continues as an employee of the Company Group thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. In If Executive provides the event that the Executive elects not to extend Company notice of non-extension of the Employment TermTerm pursuant to Section 1, Executive shall be entitled to receive the Accrued Rights. In the event that If the Company Group elects not to extend provides Executive notice of non-extension of the Employment TermTerm pursuant to Section 1, Executive shall be entitled to receive the Accrued Rights and the Salary Continuation Paymentsbenefits provided in Sections 8(c)(i)(A)-(C), above. Following such termination of Executive’s 's employment hereunder as a result of either party’s 's election not to extend the Employment Term, except as set forth in this Section 8(d8(d)(i), Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Election Not to Extend the Employment Term. In the event either party elects not to extend the Employment Term pursuant to Section 1, unless Executive’s employment is earlier terminated pursuant to paragraphs (a), (b) or (c) of this Section 8, Executive’s termination of employment hereunder (whether or not Executive continues as an employee of the Company Group thereafter) shall be deemed to occur on the close of business on the last day immediately preceding of the next scheduled Extension DateEmployment Term. In the event that the Executive elects not to extend the Employment Term, Executive shall be entitled to receive only the Accrued RightsRights payable as provided in Sections 8(a)(iii)(A), (B) and (C). In the event that the Company Group elects not to extend the Employment Term, Executive shall be deemed to have been terminated by the Company without Cause and will be entitled to receive the Accrued Rights payments, rights and the Salary Continuation Payments. Following such termination of Executive’s employment hereunder as a result of either party’s election not to extend the Employment Term, except as set forth benefits described above in this Section 8(d8(c), Executive with the exception that none of the then issued but unvested Performance Based Restricted Shares shall have no further rights to any compensation or any other benefits under this Agreementvest.

Election Not to Extend the Employment Term. In the event either party elects not to extend the Employment Term pursuant to Section 1, unless Executive’s 's employment is earlier terminated pursuant to paragraphs (a), (b) or (c) of this Section 8, Executive’s 's termination of employment hereunder (whether or not Executive continues as an employee of the Company Group thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. In If the event that Company so elects not to extend the Employment Term, Executive shall be treated as having been terminated without Cause and Executive's rights and obligations shall be determined in accordance with Section 8(c)(iii) or Section 8(c)(iv), as the Board shall determine. If Executive so elects not to extend the Employment Term, Executive shall be entitled to receive the Accrued Rights. In the event that the Company Group elects not to extend the Employment Term, Executive shall be entitled to receive the Accrued Rights and the Salary Continuation Payments. Following such termination of Executive’s 's employment hereunder as a result of either party’s 's election not to extend the Employment Term, except as set forth in this Section 8(d8(d)(i), Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Election Not to Extend the Employment Term. In the event either party elects not to extend the Employment Term pursuant to Section 1, unless Executive’s employment is earlier terminated pursuant to paragraphs (a), (b) or (c) of this Section 8, Executive’s termination of employment hereunder (whether or not Executive continues as an employee of the Company Group thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. In If the event that Company so elects not to extend the Employment Term, Executive shall be treated as having resigned for Good Reason and Executive’s rights and obligations shall be determined in accordance with Section 8(c). If Executive so elects not to extend the Employment Term, Executive shall be entitled to receive the Accrued Rights. In the event that the Company Group elects not to extend the Employment Term, Executive shall be entitled to receive the Accrued Rights and the Salary Continuation Payments. Following such termination of Executive’s employment hereunder as a result of either party’s election not to extend the Employment Term, except as set forth in this Section 8(e)(i), Section 8(d) or Sections 12(k), (m) and (n), or any payments to be made on the Delayed Payment Date, Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Election Not to Extend the Employment Term. In the event either party elects not to extend the Employment Term pursuant to Section 1, unless Executive’s employment is earlier terminated pursuant to paragraphs (a), (b) or (c) of this Section 8, Executive’s termination of employment hereunder (whether or not Executive continues as an employee of the Company Group thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. In If the event that Company so elects not to extend the Employment Term, Executive shall be treated as having resigned for Good Reason and Executive’s rights and obligations shall be determined in accordance with Section 8(c)(iii). If Executive so elects not to extend the Employment Term, Executive shall be entitled to receive the Accrued Rights. In the event that the Company Group elects not to extend the Employment Term, Executive shall be entitled to receive the Accrued Rights and the Salary Continuation Payments. Following such termination of Executive’s employment hereunder as a result of either party’s election not to extend the Employment Term, except as set forth in this Section 8(d8(d)(i), Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Election Not to Extend the Employment Term. In the event either party elects not to extend the Employment Term pursuant to Section 11 of this Agreement, unless Executive’s 's employment is earlier terminated pursuant to paragraphs (a), (b) or (c) of this Section 87, Executive’s 's termination of employment hereunder (whether or not Executive continues as an employee of the Company Group Employer thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. In the event that the Executive elects not to extend the Employment Term, Executive shall only be entitled to receive the Accrued Rights. In the event that the Company Group Employer elects not to extend the Employment Term, such election shall be treated as a termination by the Employer without Cause and Executive shall be entitled to receive the Accrued Rights payments and the Salary Continuation Paymentsbenefits pursuant to Section 7(c)(iii) of this Agreement. Following such termination of Executive’s 's employment hereunder as a result of either party’s 's election not to extend the Employment Term, except as set forth in this Section 8(d7(d)(i) and Section 9(a)(ii), Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Election Not to Extend the Employment Term. In the event either party elects not to extend the Employment Term pursuant to Section 1, unless Executive’s employment is earlier terminated pursuant to paragraphs (a), (b) or (c) of this Section 8, Executive’s termination of employment hereunder (whether or not Executive continues as an employee of the Company Group thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. In If Executive provides the event that the Executive elects not to extend Company notice of non-extension of the Employment TermTerm pursuant to Section 1, Executive shall be entitled to receive the Accrued Rights. In the event that If the Company Group elects not to extend provides Executive notice of non-extension of the Employment TermTerm pursuant to Section 1, Executive shall be entitled to receive the Accrued Rights and the Salary Continuation Paymentsbenefits provided in Sections 8(c)(i)(A) - (C), above. Following such termination of Executive’s employment hereunder as a result of either party’s election not to extend the Employment Term, except as set forth in this Section 8(d8(d)(i), Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Election Not to Extend the Employment Term. In the event either party elects not to extend the Employment Term pursuant to Section 1, unless Executive’s 's employment is earlier terminated pursuant to paragraphs (a), (b) or (c) of this Section 8, Executive’s 's termination of employment hereunder (whether or not Executive continues as an employee of the Company Group thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. In If the event that Company so elects not to extend the Employment Term, Executive shall be treated as having been terminated without Cause and Executive's rights and obligations shall be determined in accordance with Section 8(c)(iii) or Section 8(c)(iv), as the Board shall determine. If Executive so elects not to extend the Employment Term, Executive shall be entitled to receive the Accrued Rights. In the event that the Company Group elects not to extend the Employment Term, Executive shall be entitled to receive the Accrued Rights and the Salary Continuation Payments. Following such termination of Executive’s 's employment hereunder as a result of either party’s 's election not to extend the Employment Term, except as set forth in this Section 8(d8(d)(i), Executive shall have no further rights to any compensation or any other benefits under this Agreement.