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, unless Executive’s employment is earlier terminated pursuant to paragraphs (a), (b), (c), or (e) of this Section 8, the Employment Term shall expire and Executive’s employment hereunder shall terminate on the close of business on the day immediately preceding the commencement of a subsequent Renewal Term, and Executive shall be entitled to receive the Accrued Rights and the rights set forth in Section 8(d)(ii) below.

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, unless 1 and Executive’s employment is has not been earlier terminated pursuant to paragraphs (aSections 7(a), (b), (c), or (e) of this Section 8), the Employment Term shall expire and Executive’s employment hereunder shall terminate on as of the close 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 and the rights set forth in Section 8(d)(ii) belowRights.

Appears in 2 contracts

Samples: 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, unless Unless Executive’s employment is earlier terminated pursuant to paragraphs (a), (b), (c), ) or (ed) of this Section 8, the Employment Term shall expire and Executive’s termination of employment hereunder (whether or not Executive continues as an employee of the Company thereafter) shall terminate be deemed to occur on the close of business on the last day immediately preceding of the commencement of a subsequent Renewal Term, Employment Term (including any extensions pursuant to Section 1) and Executive shall be entitled to receive the Accrued Rights and Rights. Following such termination of Executive’s employment hereunder as a result of the rights expiration of the Employment Term, except as set forth in this Section 8(d)(ii) below8(d)(i), Executive shall have no further rights to any compensation or any other benefits under this Agreement.

Appears in 2 contracts

Samples: Executive Employment Agreement (Investools Inc), Executive Employment Agreement (Investools Inc)

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Expiration of Employment Term. (i) In the event Executive elects not to extend the Employment Term pursuant to Section 1, unless Executive’s employment is earlier terminated pursuant to paragraphs (a), (b), (c), or (e) of this Section 87, the Employment Term shall expire and Executive’s employment hereunder shall terminate on the close of business on the day immediately preceding the commencement of a subsequent Renewal Term, and Executive shall be entitled to receive the Accrued Rights and the rights set forth in Section 8(d)(ii7(d)(ii) below.

Appears in 1 contract

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

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