Common use of Election Not to Extend Clause in Contracts

Election Not to Extend. If the Company elects not to extend the term of this Employment Agreement pursuant to Section 2, the Company shall pay Employee his base salary in accordance with Section 3(a) for twelve (12) months following the Date of Termination and continue Employee's health and welfare benefits for six (6) months following the Date of Termination on substantially the same basis as existed on the Date of Termination.

Election Not to Extend. If the Company elects not to extend the term of this Amended Employment Agreement pursuant to Section 2, the Company shall pay Employee his base salary in accordance with Section 3(a) for twelve (12) months following the Date of Termination and continue Employee's health and welfare benefits for six (6) months following the Date of Termination on substantially the same basis as existed on the Date of Termination.