Common use of End-of-Term Provisions Clause in Contracts

End-of-Term Provisions. At any time on or after May 8, 2003 RCPC and the Executive shall have the right to give written notice of non-renewal of the Term. In the event either RCPC or the Executive gives such notice of non-renewal, the Term automatically shall be extended so that it ends twenty-four months after the last day of the month in which such notice is given. If RCPC or the Executive shall not theretofore have given such notice, from and after May 8, 2003 unless and until RCPC or the Executive gives written notice of non-renewal as provided in this Section 2.2, the Term automatically shall be extended day-by-day; upon the giving of such notice by RCPC or the Executive, the Term automatically shall be extended so that it ends twenty-four months after the last day of the month in which RCPC or the Executive gives such notice. Non-extension of the Term shall not be deemed to be a breach of this Agreement by RCPC or the Executive for purposes of Section 4.4, provided, however, that during any period that the Executive's employment shall continue following termination of the Term, the Executive shall be eligible for severance on terms no less favorable than those of the Revlon Executive Severance Policy as in effect on the date of this Agreement upon the Executive's compliance with the terms thereof, and the Executive shall be deemed to be an employee at will.

End-of-Term Provisions. At any time on or after May 8November 30, 2003 2000 RCPC and the Executive shall have the right to give written notice of non-renewal of the Term. In the event either RCPC or the Executive gives such notice of non-renewal, the Term automatically shall be extended so that it ends twenty-four months after the last day of the month in which RCPC gives such notice is givennotice. If RCPC or the Executive shall not theretofore have given such notice, from and after May 8December 31, 2003 2002 unless and until RCPC or the Executive gives written notice of non-renewal as provided in this Section 2.2, the Term automatically shall be extended day-by-day; upon the giving of such notice by RCPC or the ExecutiveRCPC, the Term automatically shall be extended so that it ends twenty-four months after the last day of the month in which RCPC or the Executive gives such notice. Non-extension of the Term shall not be deemed to be a breach of this Agreement by RCPC or the Executive for purposes of Section 4.4, provided, however, that during any period that the Executive's employment shall continue following termination of the Term, the Executive shall be eligible for severance on terms no less favorable than those of the Revlon Executive Severance Policy as in effect on the date of this Agreement (other than the provision in Paragraph IIIC(ii) establishing a limit of six months on the lump sum provided for therein, which shall not be applicable to the Executive) upon the Executive's compliance with the terms thereof, and the Executive shall be deemed to be an employee at will.

End-of-Term Provisions. At any time on or after May 8December 31, 2003 2002 RCPC and the Executive shall have the right to give written notice of non-renewal of the Term. In the event either RCPC or the Executive gives such notice of non-renewal, the Term automatically shall be extended so that it ends twenty-four months after the last day of the month in which RCPC gives such notice is givennotice. If RCPC or the Executive shall not theretofore have given such notice, from and after May 8December 31, 2003 2002 unless and until RCPC or the Executive gives written notice of non-renewal as provided in this Section 2.2, the Term automatically shall be extended day-by-day; upon the giving of such notice by RCPC or the ExecutiveRCPC, the Term automatically shall be extended so that it ends twenty-four months after the last day of the month in which RCPC or the Executive gives such notice. Non-extension of the Term shall not be deemed to be a breach of this Agreement by RCPC or the Executive for purposes of Section 4.4, provided, however, that during any period that the Executive's employment shall continue following termination of the Term, the Executive shall be eligible for severance on terms no less favorable than those of the Revlon Executive Severance Policy as in effect on the date of this Agreement upon the Executive's compliance with the terms thereof, and the Executive shall be deemed to be an employee at will.

End-of-Term Provisions. At any time after on or after May 8December 31, 2003 2005, RCPC and the Executive shall have the right to give written notice of non-renewal extension of the Term. In the event either RCPC or the Executive gives such notice of non-renewalextension, the Term automatically shall be extended so that it ends twenty-four months after end on the last day second anniversary of the month in date on which RCPC give such notice is givennotice. If RCPC or the Executive shall not theretofore have given such notice, from and after May 8December 31, 2003 2005 unless and until RCPC or the Executive gives written notice of non-renewal extension as provided in this Section 2.2, the Term automatically shall be extended day-by-day; upon the giving of such notice by RCPC or the ExecutiveRCPC, the Term automatically shall be extended so that it ends twenty-four months after on the last day second anniversary of the month in date on which RCPC or the Executive gives such notice. Non-extension The giving of the Term such notice shall not be deemed to be a breach of this Agreement by RCPC or the Executive for purposes of Section 4.4, provided, however, that during . During any period that the Executive's employment shall continue following termination expiration of the Term, the Executive shall be eligible for severance on terms no less favorable than those of the Revlon Executive Severance Policy as in effect on January 1, 2002 (the date of this Agreement "Executive Severance Policy"), provided that in no event shall the severance and benefit continuation be less than 24 months, upon the Executive's compliance with the terms thereof, and the Executive shall be deemed to be an employee at will.