Expiration of the Term. This Agreement shall terminate automatically at the expiration of the Period of Employment unless the parties enter into a written agreement extending Employee's employment, except for the continuing obligations of the parties as specified hereunder.
Expiration of the Term. Unless otherwise terminated pursuant to any of the foregoing clauses of this Section 5, the Executive’s employment hereunder will automatically terminate at the expiration of the Employment Period and the Company shall pay to the Executive (i) the Accrued Obligations, and (ii) the Annual Bonus for the year in which the Employment Period ends. The Annual Bonus shall be calculated and paid in accordance with Section 3(b) and the Accrued Obligations shall be paid in a lump sum in cash within thirty (30) days of the Date of Termination. Notwithstanding anything to the contrary set forth herein, the Executive shall not be entitled any payment pursuant to clause (ii) of this Section 5(e) unless the Executive shall have, at the written request of the Company, executed the Release no later than forty-five (45) days following the Date of Termination and shall not have revoked such release in accordance with its terms. Upon expiration of the Employment Period, no Severance Payment will be due and no further Restriction Period shall apply.
Expiration of the Term. If not sooner terminated, Employee's employment hereunder shall terminate on the expiration of the Initial Term or the Renewal Term, as applicable in accordance with Section 2 hereof. Not less than 45 days prior to the scheduled expiration of Employee's employment hereunder, the parties agree to commence discussions with respect to the possible extension of the Term of this Agreement, possible execution of a new employment agreement or other possible continuation of the Employee's employment (it being understood and agreed that no such discussion shall imply any current or future obligation or commitment to enter into any such agreement or extension or any other expressed or implied arrangement for the continued employment of the Employee following the expiration of the Initial Term or any other termination of the Employee's employment hereunder).
Expiration of the Term. Upon the expiration of the Term of this Agreement pursuant to Section 2.4.1 hereof.
Expiration of the Term. Provided Executive’s employment has not been previously terminated pursuant to the terms hereof, Executive’s employment shall be terminated upon the expiration of the then current Term if one Party provides notice to the other of its decision not to renew this Agreement upon the expiration of the then current Term (“Notice of Non-Renewal”). A Notice of Non-Renewal by Executive shall be effective only if it is provided to the Company at least ninety (90) days prior to the end of the then current Term.
Expiration of the Term. Notwithstanding any other provision of the Agreement, in the event Executive’s Term expires, Executive’s severance benefits following the expiration of the Term shall be governed by the terms of the Company’s Executive Management and Severance Plan (including the Restrictive Covenants and Arbitration Agreement attached thereto) and any other plan or agreement (including any outstanding equity award or incentive plan agreement) which are or may go into effect, which terms shall not be less beneficial than Executive severance benefits provided under this Agreement.
Expiration of the Term. Executive or the Company may elect not to renew or extend the Term in accordance with Section 1 above, in which case the Termination Date shall be the date the Term expires. In the event of such a termination, Executive shall only be entitled to the Accrued Obligations.
Expiration of the Term. If a Non-Renewal Notice has been given pursuant to Section 2(a), immediately upon expiration of the Term;
Expiration of the Term. Except as provided in subparagraph 15(d), this Agreement and Executive’s employment with Employer shall terminate automatically at the expiration of the term of this Agreement, as it may have been extended, unless the parties enter into a written agreement extending Executive’s employment.
Expiration of the Term. (a) By no later than the expiration of the Term, Tenant shall, at Landlord's option, remove the Generator Installation, and restore all portions of the Generator Location and all areas of the Building (whether outdoors or indoors) affected thereby. In the event Tenant fails to so remove all or any part of the Generator Installation by the expiration or sooner termination of the Term, Landlord, upon five (5) days' written notice, without being obligated to do so, shall have the right to remove and dispose of all or any part of the Generator Installation that has not been so removed by Tenant without being required to account to Tenant therefor, as well as to make all repairs of any damage incurred by such removal, including, without limitation, restoration of the Generator Location which may have been damaged by the weight and/or anchoring of the Generator Installation.
(b) Landlord shall also have the right to charge Tenant the cost of such removal, repair and restoration as well as a holdover fee at the rate of $1,000.00 per day for each day or part thereof commencing with the sixtieth (60th) day after the expiration or sooner termination of this Lease, that Tenant shall have failed to entirely remove the Generator Installation from the Generator Location until such time as the Generator Installation shall have been so removed, such holdover fee to be in addition to the amounts required to be paid by Tenant pursuant to Section 1.2 of this Lease.
(c) Nothing contained herein shall be construed as an express or implied consent to Tenant, or anyone claiming by or under Tenant, remaining in possession of or continuing to use and occupy all or any part of the Generator Location, after the expiration or sooner termination of the Term of this Lease.
