Expiration of the Employment Term. In the event that the Company or the Executive elects not to extend the Term as provided in Section 2 hereof, the Executive’s employment shall be terminated upon the expiration of the Term, and, subject to Section 14 hereof, the provisions of this Agreement shall cease to apply effective as of such expiration, and the Executive shall be entitled to receive only the following: (i) any accrued but unpaid Base Salary through the date of termination; (ii) reimbursement of any unreimbursed business expenses properly incurred by the Executive in accordance with Company policy prior to the date of termination; and (iii) any earned but unpaid Bonus. The Executive shall thereafter receive no other compensation or benefits, other than pursuant to the terms of the plans, policies and practices of the Company; provided, however, that the Executive shall not be entitled to any payments or benefits under any separately stated severance plan, policy or program of the Company.
Expiration of the Employment Term. The Executive's employment with the Employer shall not terminate prior to the expiration of the established term, except as provided below in Section 3.
Expiration of the Employment Term. Upon expiration of the Employment Term, unless Executive’s employment is earlier terminated pursuant to the above, Executive’s termination of employment hereunder (whether or not Executive continues as an employee of the Company thereafter) shall be deemed to occur on the close of business on the last day of the Employment Term and Executive shall be entitled to receive the Accrued Rights. Following such termination of Executive’s employment hereunder as a result of the expiration of the Employment Term, except as set forth above, Executive shall have no further rights to any compensation or any other benefits under this Agreement.
Expiration of the Employment Term. If Executive and the Company have not mutually agreed to extend the Employment Term, the Company and Executive have not entered into a new employment agreement, the Employment Term and Executive's employment with the Company shall terminate on December 31, 2009, and such termination shall not be considered a termination by the Company without Cause.
Expiration of the Employment Term. The Employment Term shall automatically terminate on the third anniversary of the Effective Date.
Expiration of the Employment Term. (i) The Employment Term and Executive’s employment hereunder may be terminated by the Company for Cause (as defined below) or by the Executive for any reason (other than Good Reason (as defined below)), subject to the notice period required by this Section 6.
Expiration of the Employment Term. Unless Executive’s employment is earlier terminated pursuant to paragraphs (a), (b) or (c) of this Section 8, the termination of Executive’s employment hereunder (whether or not Executive continues as an employee of the Company thereafter) shall be deemed to occur on the close of business on the last day of the Employment Term and Executive shall be entitled to receive
Expiration of the Employment Term. If the Executive's employment is terminated pursuant to Section 4.9, the Company shall pay the Executive the amount specified in Section 5.4 b. and thereafter the Company shall have no further obligation to the Executive under this Agreement.
Expiration of the Employment Term. Unless the parties otherwise agree in writing, continuation of Executive’s employment with the Company beyond the expiration of the Employment Term shall be deemed an employment at-will and shall not be deemed to extend any of the provisions of this Agreement; provided, that notwithstanding the expiration of the Employment Term, Executive shall have the right to receive the Performance Share Award for the Performance Period in accordance with the terms of Section 3(c) of this Agreement; provided, further, that the provisions of Sections 7, 8 and 9 of this Agreement, and any accrued and vested rights of Executive as of the last day of the Employment Term, shall survive any termination of this Agreement or Executive’s termination of employment hereunder.
Expiration of the Employment Term. Upon expiration of the Employment Term, unless Executive’s employment is earlier terminated pursuant to the above, Executive’s termination of employment hereunder (whether or not Executive continues as an employee of the Company thereafter) shall be deemed to occur on the close of business on the last day of the Employment Term and Executive shall be entitled to receive the Accrued Rights. In the event that the Company does not intend to extend the terms and conditions of this Employment Agreement upon expiration of the Term, the Company will provide the Executive with 6 months advance written notice of its intent to not extend this Employment Agreement, and the Term will automatically be extended until six-months from the date the Company gives such notice.
