Common use of Election Not to Renew Clause in Contracts

Election Not to Renew. If the Employee elects to renew this Agreement for a Renewal Term, but the Employer does not, and the Employer's election not to renew is not for cause, the Employee will be entitled to receive, the Salary for the remainder, if any, of the calendar month in which such termination is effective and for eighteen (18) consecutive calendar months thereafter and the Benefits for eighteen (18) consecutive months after the date of termination.

Election Not to Renew. If the Employee elects to renew this Agreement for a Renewal Term, but the Employer does not, and the Employer's election not to renew is not for cause, the Employee will be entitled to receive, the Salary for the remainder, if any, of the calendar month in which such termination is effective and for eighteen twelve (1812) consecutive calendar months thereafter and the Benefits for eighteen twelve (1812) consecutive months after the date of termination.

Election Not to Renew. If the Employee elects to renew --------------------- this Agreement for a Renewal Term, but the Employer does not, and the Employer's election not to renew is not for cause, the Employee will be entitled to receive, the Salary for the remainder, if any, of the calendar month in which such termination is effective and for eighteen (18) consecutive calendar months thereafter and the Benefits for eighteen (18) consecutive months after the date of termination.

Election Not to Renew. If the Employee elects to renew this Agreement for a Renewal Term, but the Employer does not, and the Employer's ’s election not to renew is not for cause, the Employee will be entitled to receive, (i) the Salary for the remainder, if any, of the calendar month in which such termination is effective and for eighteen twenty four (1824) consecutive calendar months thereafter thereafter; and (ii) the Benefits for eighteen twenty four (1824) consecutive months after the date of termination.

Election Not to Renew. If the Employee elects to renew this Agreement for a Renewal Term, but the Employer does not, and the Employer's ’s election not to renew is not for cause, the Employee will be entitled to receive, (i) the Salary for the remainder, if any, of the calendar month in which such termination is effective and for eighteen twelve (1812) consecutive calendar months thereafter thereafter; and (ii) the Benefits for eighteen twelve (1812) consecutive months after the date of termination.

Election Not to Renew. If the Employee elects to renew this Agreement for a Renewal Term, but the Employer does not, and the Employer's ’s election not to renew is not for cause, the Employee will be entitled to receive, the Salary for the remainder, if any, of the calendar month in which such termination is effective and for eighteen (18) consecutive calendar months thereafter and the Benefits for eighteen (18) consecutive months after the date of termination.