Common use of Expiration of Employment Agreement Clause in Contracts

Expiration of Employment Agreement. If pursuant to Paragraph 1(a), the Company notifies the Employee of its intention not to extend the Employee's Employment Term, at the expiration of the Employee Employment term, the employee shall receive the equivalent of four (4) months of employee's annual salary, less deductions required by law, payable on a monthly basis, if, and only if, Employee signs a valid general release of all claims against the Company in a form provided by the Company.

Expiration of Employment Agreement. If pursuant to Paragraph 1(a), the Company notifies the Employee of its intention not to extend the Employee's ’s Employment Term, at the expiration of the Employee Employment term, the employee shall receive the equivalent of four six (46) months of employee's ’s annual salary, less deductions required by law, payable on a monthly basisin one lump sum, if, and only if, Employee signs a valid general release of all claims against the Company in a form provided by the Company.

Expiration of Employment Agreement. If pursuant to Paragraph 1(a), the Company notifies the Employee of its intention not to extend the Employee's ’s Employment Term, at the expiration of the Employee Employment term, the employee shall receive the equivalent of four (4) months of employee's ’s annual salary, less deductions required by law, payable on a monthly basis, if, and only if, Employee signs a valid general release of all claims against the Company in a form provided by the Company.