Common use of Expiration of Term Clause in Contracts

Expiration of Term. In the event the Executive’s employment is not terminated prior to expiration of the Term, this Agreement shall terminate without further obligation on the part of the Company to the Executive, other than the Company’s obligation to pay the Executive the product of (a) the Annual Bonus payable with respect to the fiscal year in which the Term expired and (b) a fraction the numerator of which is the number of days in the current fiscal year through the end of the Term and the denominator of which is three hundred sixty-five (365).

Expiration of Term. In the event the Executive’s 's employment is not terminated prior to expiration of the Term, this Agreement shall terminate without further obligation on the part of the Company to the Executive, other than the Company’s 's obligation to pay the Executive the product of (a) the Annual Bonus payable with respect to the fiscal year in which the Term expired and (b) a fraction the numerator of which is the number of days in the current fiscal year through the end of the Term and the denominator of which is three hundred sixty-five (365).

Expiration of Term. In the event the If Executive’s employment is not terminated prior terminates due to the expiration of the Term, this Agreement shall terminate without further obligation on the part of then the Company shall have no further obligations to the Executive or Executive’s legal representatives under this Agreement, other than for payment of Accrued Salary, which shall be paid to Executive in a lump sum in cash within thirty (30) days after the Company’s obligation to pay the Executive the product date of (a) the Annual Bonus payable with respect to the fiscal year in which the Term expired and (b) a fraction the numerator of which is the number of days in the current fiscal year through the end of the Term and the denominator of which is three hundred sixty-five (365)termination.

Expiration of Term. In the event the If Executive’s employment is not shall be terminated prior due to the normal expiration of the Term, this Agreement shall terminate without further obligation on the part of the Company obligations to the Executive, other than the Company’s obligation to pay the Executive the product for payment of (a) the Annual Bonus payable with respect to the fiscal year in which the Term expired and (b) a fraction the numerator of which is the number of days in the current fiscal year through the end of the Term Accrued Obligations and the denominator timely payment or provision of which is three hundred sixty-five (365)Other Benefits. Accrued Obligations shall be paid to Executive in a lump sum in cash within 30 days after the Date of Termination.