Common use of Expiration of Term of Employment Clause in Contracts

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 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 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 the Company to the Employee of Notice of Non-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-Non- Extension. Under no circumstances will any severance benefits be paid to Employee while Employee remains employed with the Company.