Common use of Expiration of Agreement Clause in Contracts

Expiration of Agreement. Unless earlier terminated as provided in this Agreement or unless extended as provided in this Section 7, this Agreement shall terminate one (1) year following the Effective Date (the “Employment Term”); provided, however, that except as otherwise set forth in this Section 7, the parties’ respective rights and obligations under Sections 3(b), 3(c), 3(d), 7, 9, 10, 11 and 12, as well as any other unpaid obligation (whether such payment is to be made in cash or securities) of the Company hereunder (including but not limited to sections or subsections of this Agreement not specifically listed above), will survive any termination or expiration of this Agreement or the termination of Executive’s employment for any reason whatsoever. Upon the expiration of the Employment Term, Executive and the Company may, but shall be under no obligation to, negotiate terms and conditions of any subsequent term of employment. In the event, however, that Executive remains in the employ of the Company after the Employment Term expires, then (i) the terms of this Agreement shall not be applicable, (ii) Executive shall be an employee-at-will subject to the benefits, programs, and policies of the Company then in effect, and (iii) either party may terminate the employment relationship at any time with or without Cause.

Expiration of Agreement. Unless earlier terminated as provided in this Agreement or unless extended as provided in this Section 7, this Agreement shall terminate one (1) year following the Effective Date (the “Employment Term”); provided, however, that except as otherwise set forth in this Section 7, the parties’ respective rights and obligations under Sections 3(b), 3(c), 3(d), 7, 9, 10, 11 11, and 12, as well as any other unpaid obligation (whether such payment is to be made in cash or securities) of the Company hereunder (including but not limited to sections or subsections of this Agreement not specifically listed above), will survive any termination or expiration of this Agreement or the termination of Executive’s employment for any reason whatsoever. Upon the expiration of the Employment Term, Executive and the Company may, but shall be under no obligation to, negotiate terms and conditions of any subsequent term of employment. In the event, however, that Executive remains in the employ of the Company after the Employment Term expires, then (i) the terms of this Agreement shall not be applicable, (ii) Executive shall be an employee-at-will subject to the benefits, programs, and policies of the Company then in effect, and (iii) either party may terminate the employment relationship at any time with or without Cause.

Expiration of Agreement. Unless earlier terminated as provided in this Agreement or unless extended as provided in this Section 7, this Agreement shall terminate one (1) year following the Effective Date on December 31, 2010 (the “Employment Term”); provided, however, that except as otherwise set forth in this Section 7, the parties’ respective rights and obligations under Sections 3(b), 3(c), 3(d), 7, 9, 10, 11 11, and 12, as well as any other unpaid obligation (whether such payment is to be made in cash or securities) of the Company hereunder (including but not limited to sections or subsections of this Agreement not specifically listed above), will survive any termination or expiration of this Agreement or the termination of Executive’s employment for any reason whatsoever. Upon the expiration of the Employment Term, Executive and the Company may, but shall be under no obligation to, negotiate terms and conditions of any subsequent term of employment. In the event, however, that Executive remains in the employ of the Company after the Employment Term expires, then (i) the terms of this Agreement shall not be applicable, (ii) Executive shall be an employee-at-will subject to the benefits, programs, and policies of the Company then in effect, and (iii) either party may terminate the employment relationship at any time with or without Cause.