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 7, Executive's termination of employment hereunder (whether or not Executive continues as an employee of the Company thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date and Executive shall be entitled to receive the Accrued Rights. 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 7(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 7, Executive's ’s termination of employment hereunder (whether or not Executive continues as an employee of the Company thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date and Executive shall be entitled to receive the Accrued Rights. 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 7(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 78, Executive's ’s termination of employment hereunder (whether or not Executive continues as an employee of the Company thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date and Executive shall be entitled to receive the Accrued RightsObligations. 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 7(d)(i8(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 7, Executive's ’s termination of employment hereunder (whether or not Executive continues as an employee of the Company thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date and Executive shall be entitled to receive the Accrued Rights. 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 7(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 78, Executive's ’s termination of employment hereunder (whether or not Executive continues as an employee of the Company thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date and Executive shall be entitled to receive the Accrued Rights. 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 7(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 7, Executive's termination of employment hereunder (whether or not Executive continues as an employee of the Company thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date and and, unless Executive continues as an employee of the Company, Executive shall be entitled to receive the Accrued Rights. 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 7(d)(i)) or in the Collateral Documents, 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 78, Executive's ’s termination of employment hereunder (whether or not Executive continues as an employee of the Company thereafter) shall be deemed to occur on the close of business on the last day immediately preceding of the next scheduled Extension Date and Employment Term. In the event that the Executive shall be entitled to receive the Accrued Rights. Following such termination of Executive's employment hereunder as a result of either party's election elects not to extend the Employment Term, except as set forth in this Section 7(d)(i)Executive shall be entitled to receive only the Accrued Rights. In the event that the Company elects not to extend the Employment Term, Executive shall be deemed to have no further been terminated by the Company without Cause and will be entitled to receive the payments, rights to any compensation or any other and benefits under this Agreementdescribed above in Section 8(c).

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 78, Executive's ’s termination of employment hereunder (whether or not Executive continues as an employee of the Company thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date and Executive shall be entitled to receive the Accrued Rights. 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 7(d)(i8(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), (c) or (cd) of this Section 79, Executive's ’s termination of employment hereunder (whether or not Executive continues as an employee of the Company thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date and Executive shall be entitled to receive the Accrued Rights. 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 7(d)(i9(e)(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 7, Executive's ’s termination of employment hereunder (whether or not Executive continues as an employee of the Company thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date and Executive shall be entitled to receive the Accrued Rights. 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 7(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 7, Executive's ’s termination of employment hereunder (whether or not Executive continues as an employee of the Company or its subsidiaries thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date and Executive shall be entitled to receive the Accrued Rights. 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 7(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 7, Executive's ’s termination of employment hereunder (whether or not Executive continues as an employee of the Company or its subsidiaries thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date and Executive shall be entitled to receive the Accrued Rights. 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 7(d)(i), Executive shall have no further rights to any compensation or any other benefits under this Agreement.