Common use of Expiration of Employment Term Clause in Contracts

Expiration of Employment Term. (i) In the event Executive elects not to extend the Employment Term pursuant to Section 1 and Executive’s employment has not been earlier terminated pursuant to Sections 7(a), (b), (c), or (e), the Employment Term shall expire and Executive’s employment hereunder shall terminate as of the end of the day immediately preceding the commencement of a subsequent Renewal Term, and Executive shall be entitled to receive the Accrued Rights. Except as set forth in this Section 7(d)(i) and for any rights to indemnification and claims for liability insurance coverage under officer and director policies, Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Appears in 21 contracts

Samples: Employment Agreement (Energy Future Holdings Corp /TX/), Employment Agreement (Energy Future Holdings Corp /TX/), Employment Agreement (Energy Future Holdings Corp /TX/)

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Expiration of Employment Term. (i) In the event Executive elects not to extend the Employment Term pursuant to Section 1 and Executive’s 's employment has not been earlier terminated pursuant to Sections 7(a), (b), (c), or (e), the Employment Term shall expire and Executive’s 's employment hereunder shall terminate as of the end of the day immediately preceding the commencement of a subsequent Renewal Term, and Executive shall be entitled to receive the Accrued Rights. Except as set forth in this Section 7(d)(i) and for any rights to indemnification and claims for liability insurance coverage under officer and director policies, Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Appears in 5 contracts

Samples: Employment Agreement (Energy Future Holdings Corp /TX/), Employment Agreement (Energy Future Holdings Corp /TX/), Employment Agreement (Energy Future Holdings Corp /TX/)

Expiration of Employment Term. (i) In the event Executive elects not to extend the Employment Term pursuant to Section 1 and 1, unless Executive’s employment has not been is earlier terminated pursuant to Sections 7(aparagraphs (a), (b), (c), or (e)) of this Section 7, the Employment Term shall expire and Executive’s employment hereunder shall terminate as on the close of the end of business on the day immediately preceding the commencement of a subsequent Renewal Term, and Executive shall be entitled to receive the Accrued Rights. Except as set forth in this Section 7(d)(i) ), and for any rights to indemnification and claims for liability insurance coverage under officer and director policies, Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Energy Future Holdings Corp /TX/), Employment Agreement (Energy Future Holdings Corp /TX/), Employment Agreement (Energy Future Holdings Corp /TX/)

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Expiration of Employment Term. (i) In the event Executive elects not to extend the Employment Term pursuant to Section 1 and 1, unless Executive’s employment has not been is earlier terminated pursuant to Sections 7(aparagraphs (a), (b), (c), or (e)) of this Section 8, the Employment Term shall expire and Executive’s employment hereunder shall terminate as on the close of the end of business on the day immediately preceding the commencement of a subsequent Renewal Term, and Executive shall be entitled to receive the Accrued Rights. Except as set forth in this Section 7(d)(i) 8(d)(i), and for any rights to indemnification and claims for liability insurance coverage under officer and director policies, Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Appears in 1 contract

Samples: Employment Agreement (Energy Future Holdings Corp /TX/)

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