Expiration of Term of Employment. In the event that the Term of Employment expires following delivery by the Company to the Employee of Notice of Non-Extension, then Employee shall be entitled, upon separation from employment, to the same Severance Benefits as if Employee’s employment had been terminated by the Company without Cause. These Severance Benefits, which are described in Section 8(d), become due and payable if and only if Employee’s employment is actually terminated pursuant to a Notice of Non-Extension. Under no circumstances will any severance benefits be paid to Employee while Employee remains employed with the Company.
Expiration of Term of Employment. In the event that the Term of Employment expires following delivery by either party hereto to the other of Notice of Non-Extension, Employee shall be entitled to:
(i) the Accrued Obligations; and
(ii) any unpaid Annual Bonus in respect to any completed fiscal year which has ended prior to the date of such termination, such amount to be paid at the same time it would otherwise be paid to Employee had no such termination occurred, but in no event later than two and one-half months following the end of the fiscal year to which the Annual Bonus relates. Following such termination of Employee’s employment by Employee without Good Reason, except as set forth in this Section 8(g), Employee shall have no further rights to any compensation or any other benefits under this Agreement.
Expiration of Term of Employment. If, at the end of the Term of Employment, Executive ceases to be employed by the Company and is not employed by any of the Company’s affiliates, any unvested Options that had been granted to Executive prior to the end of the Term of Employment shall immediately vest as of such date and Executive shall have the right to exercise any Options for a period of twelve months following such date.
Expiration of Term of Employment. If the Term of Employment expires in accordance with Section 2 above, the Executive shall thereupon be entitled to the same payments and benefits as provided in Section 10(c) above.
Expiration of Term of Employment. If the Company delivers notice pursuant to Section 1(a) of non-extension of the Term of Employment, resulting in the termination of Executive’s employment, such termination will be deemed a Qualifying Termination.
Expiration of Term of Employment. In the event Executive’s employment with the Company terminates upon the expiration of the Term of Employment he shall be entitled to the Accrued Rights.
Expiration of Term of Employment. In the event that the Executive’s employment hereunder terminates by expiration of the Term of Employment pursuant to notice of non-extension from the Company in accordance with Section 2, the Executive shall be entitled to:
(i) the amount as provided in Section 8(d)(i) in the case of a termination by the Company without Cause;
(ii) the Executive’s incentive award in respect of his final year of employment, payable in accordance with Section 5 above;
(iii) full vesting, as of the Termination Date, of all Restricted Stock Units to the extent that such Restricted Stock Units were then scheduled to become vested on or before the first anniversary of the Termination Date; and
(iv) full vesting and exercisability, as of the Termination Date, for all outstanding Stock Options to the extent that such Stock Options were then scheduled to become vested or exercisable on or before the first anniversary of the Termination Date, each such Stock Option to remain exercisable for the lesser of (x) one year following the Termination Date and (y) the remainder of its stated term.
Expiration of Term of Employment. In the event that the Executive’s employment hereunder terminates by expiration of the Term of Employment pursuant to notice of non-extension from the Company in accordance with Section 2 and provided the Executive was otherwise willing and able to accept an extension of the term of this Agreement and continue to provide his services hereunder, the Executive shall be entitled to:
(i) the amount as provided in Section 8(d)(i) in the case of a termination by the Company without Cause payable at the time provided in Section 8(d)(i);
(ii) the Executive’s incentive award in respect of his final year of employment, payable in accordance with Section 5 above;
(iii) full vesting, as of the Termination Date, of all Restricted Stock Units to the extent that such Restricted Stock Units were then scheduled to become vested on or before the first anniversary of the Termination Date; and
(iv) full vesting and exercisability, as of the Termination Date, for all outstanding Stock Options to the extent that such Stock Options were then scheduled to become vested or exercisable on or before the first anniversary of the Termination Date, each such Stock Option to remain exercisable for the lesser of (x) one year following the Termination Date and (y) the remainder of its stated term.
Expiration of Term of Employment. If the Term of Employment shall expire as set forth in Section 2.2(a), (a) the Executive, or his legatee or devisee, or his legal representative, shall be entitled to reimbursement, in accordance with Section 3.5, of expenses incurred by him in the performance of his duties hereunder through the date of such expiration or termination, and (b) the Executive and his spouse shall be entitled to continuation of medical insurance coverage, on the same basis as theretofore provided by the Company to the Executive and his spouse, until his death, and, after his death, the Executive's spouse shall be entitled to continuation of such medical insurance coverage until her death.
Expiration of Term of Employment. If the term of this Agreement expires in accordance with Section 2.2(ii) hereof and Executive and the Company have not entered into a successor employment agreement, (i) any continued employment of Executive by the Company thereafter will continue to be “at will” and (ii) this Agreement, and the rights and obligations of the parties hereunder, shall have no further force and effect.
