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 or any affiliate thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. If the 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. 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 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 or any affiliate Employer thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. If In the Company so event Executive 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 only be entitled to receive the Accrued Rights. In the event the Employer elects not to extend the Term, such election shall be treated as a termination by the Employer 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 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(e)(i), Section 8(d) or Sections 12(k), (m7(d)(i) and (nSection 9(a)(ii), 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 or any affiliate thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. If In the Company so elects not to extend the Employment Term, event 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 RightsRights and the Continued 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(e)(i), Section 8(d) or Sections 12(k), (m7(d)(i) and (nSection 11(i), 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 '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 or any affiliate thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. If the Company so elects not to extend the Employment Term, Executive shall be treated as having resigned for Good Reason and Executive’s 's rights and obligations shall be determined in accordance with Section 8(c8(c)(iii). If Executive so elects not to extend the Employment Term, 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 8(e)(i), Section 8(d8(d)(i) 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 '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 or any affiliate thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. If Executive provides the Company so elects not to extend notice of non-extension of 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 Term pursuant to Section 8(c). If Executive so elects not to extend the Employment Term1, Executive shall be entitled to receive the Accrued Rights. If the Company provides Executive notice of non-extension of the Employment Term pursuant to Section 1, Executive shall be entitled to receive the benefits 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(e)(i8(d)(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 or any affiliate thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. If In the Company so elects not to extend event that 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 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)(i8(d)(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 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 or any affiliate Employer thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. If In the Company so event Executive 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 only be entitled to receive the Accrued Rights. In the event the Employer elects not to extend the Term, such election shall be treated as a termination by the Employer 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 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), (m7(d)(i) and (nSection 9(a)(ii), 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 or any affiliate Employer thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. If In the Company so event Executive 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 only be entitled to receive the Accrued Rights. In the event the Employer elects not to extend the Term, such election shall be treated as a termination by the Employer 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 Section 5(b), this Section 8(e)(i), Section 8(d) or Sections 12(k), (m7(d)(i) and (nSection 9(a)(ii), 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 '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 or any affiliate thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. If Executive provides the Company so elects not to extend notice of non-extension of 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 Term pursuant to Section 8(c). If Executive so elects not to extend the Employment Term1, Executive shall be entitled to receive the Accrued Rights. If the Company provides Executive notice of non-extension of the Employment Term pursuant to Section 1, Executive shall be entitled to receive the benefits provided in Sections 8(c)(i)(A) and (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(e)(i8(d)(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 '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 or any affiliate thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. If Executive provides the Company so elects not to extend notice of non-extension of 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 Term pursuant to Section 8(c). If Executive so elects not to extend the Employment Term1, Executive shall be entitled to receive the Accrued Rights. If the Company provides Executive notice of non-extension of the Employment Term pursuant to Section 1, Executive shall be entitled to receive the benefits 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(e)(i8(d)(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 (on the same terms and conditions set forth in this Agreement) 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 or any affiliate thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. If Date and Executive shall be entitled to receive (x) the Accrued Rights plus (y) the Annual Bonus in respect of the last Fiscal Year of the Employment Term, so long as and to the extent the Company so achieves the performance targets established by the Board in respect of such Fiscal Year. In addition, in the event the Company elects not to extend the Employment TermTerm (on the same terms and conditions set forth in this Agreement) pursuant to Section 1, 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 also be entitled to receive the Accrued Rightspayments and benefits described in Section 8(c)(ii), above (and as set forth therein). 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 and in this Section 8(e)(i8(d)(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 or any affiliate thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. If Executive provides the Company so elects not to extend notice of non-extension of 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 Term pursuant to Section 8(c). If Executive so elects not to extend the Employment Term1, Executive shall be entitled to receive the Accrued Rights. If the Company provides Executive notice of non-extension of the Employment Term pursuant to Section 1, Executive shall be entitled to receive the benefits 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(e)(i8(d)(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, whether at the end of the initial Employment Term or a subsequent Extension Date, 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 or any affiliate thereafter) shall be deemed to occur on at the close of business on the day immediately preceding the next scheduled Extension Date. If the Company so elects not to extend the Employment Term, Executive shall be treated as having resigned for Good Reason Date 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 the Company elects not to extend the Employment Term pursuant to Section 1, whether at the end of the initial Employment Term or a subsequent Extension Date and Executive’s employment is terminated at the close of business on the next scheduled Extension Date, such termination shall be treated for all purposes of this Agreement, including for purposes of determining the compensation payable to Executive hereunder, as a termination by the Company without Cause pursuant to Section 7(c). 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), (m7(d)(i) and (n), or except for rights under any payments to be made stock option and restricted stock agreements between the Company and Executive in effect on the Delayed Payment Datedate of termination of Executive’s employment, Executive shall have no further rights to any compensation or nor any other benefits under this Agreement.

Election Not to Extend the Employment Term. (A) In the event either party Executive elects not to extend the Employment Term pursuant to Section 1, unless Executive’s employment is earlier terminated pursuant to paragraphs (a), (b) ), (c), or (ce) of this Section 87, the Employment Term shall expire and Executive’s termination of employment hereunder (whether or not Executive continues as an employee of the Company or any affiliate thereafter) shall be deemed to occur terminate on the close of business on the day immediately preceding the next scheduled Extension Date. If the Company so elects not to extend the Employment commencement of a subsequent Renewal 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. 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. (B) In the event the Company elects not to extend the Employment Term pursuant to Section 1, unless Executive’s employment is earlier terminated pursuant to paragraphs (a), (b), (c), or (e) of this Section 7, the Employment Term shall expire and Executive’s employment hereunder shall terminate on the close of business on the day immediately preceding the commencement of a subsequent Renewal Term, and Executive shall be entitled to receive the payments and benefits applicable to a termination of Executive’s employment without Cause pursuant to Section 7(c) or Section 7(e), as applicable. 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 or any affiliate thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. If the 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(c8(c)(iii). If Executive so elects not to extend the Employment Term, 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 8(e)(i8(d)(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 '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 or any affiliate thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. If the Company so elects not to extend the Employment Term, Executive shall be treated as having resigned for Good Reason been terminated without Cause and Executive’s 's rights and obligations shall be determined in accordance with Section 8(c8(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. 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(e)(i8(d)(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 or any affiliate thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. If the 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. 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 '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 or any affiliate thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. If the Company so elects not to extend the Employment Term, Executive shall be treated as having resigned for Good Reason been terminated without Cause and Executive’s 's rights and obligations shall be determined in accordance with Section 8(c8(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. 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(e)(i8(d)(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 or any affiliate Employer thereafter) shall be deemed to occur on the close of business on the day immediately preceding the next scheduled Extension Date. If In the Company so event Executive 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 only be entitled to receive the Accrued Rights. In the event the Employer elects not to extend the Term, such election shall be treated as a termination by the Employer 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(e)(i), Section 8(d) or Sections 12(k), (m7(d)(i) and (nSection 9(a)(ii), 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.