Expiration of the Agreement. If this Agreement expires at the end of the Initial Term as a result of the Company not renewing or extending the Employment Period for a Renewal Term, the expiration of the Agreement shall be treated as a termination without Cause under Section 5(e) of this Agreement for purposes of the Executive’s eligibility for Termination Compensation, except that, instead of Termination Compensation in an amount equivalent to one (1) year of Total Cash Compensation, Executive shall be entitled to Termination Compensation equivalent to nine (9) months of Total Cash Compensation.
Appears in 6 contracts
Samples: Employment Agreement (Motient Corp), Employment Agreement (Motient Corp), Employment Agreement (Motient Corp)
