Expiration of the Term of Agreement. This Agreement shall be automatically terminated upon the expiration of the Term, or as sooner agreed to by both the Employee and the Company in writing in the event this Agreement is superseded by a new agreement. Upon such termination, the Company shall have no further liability to the Employee for any payment, compensation or benefit whatsoever under this Agreement except with respect to (a) the Employee's salary and benefits through the effective date of the Employee's termination, and (b) such other compensation or benefits (if any) which, by the terms of the applicable plan or policy, is payable to the Employee after termination of employment.
Expiration of the Term of Agreement. This Agreement shall be automatically terminated upon the expiration of the term of the agreement as described in paragraph 3 of this Agreement, or as sooner agreed by both Employee and Company in the event this Agreement is superseded by a new agreement. Upon such termination, the Company shall have no further liability to the Employee for any payment, compensation or benefit whatsoever under this Agreement.
Expiration of the Term of Agreement. This Agreement shall be automatically terminated upon the expiration of the Term, by a Notice of Nonrenewal in accordance with Section 4, or as sooner agreed to by both the Employee and the Company in writing in the event this Agreement is superseded by a new agreement. Upon such termination, the Company shall have no further liability to the Employee for any payment, compensation, or benefit whatsoever under this Agreement except with respect to (a) the Employee's salary and benefits through the effective date of the Employee's termination, (b) any earned but unpaid bonus, and (c) such other compensation or benefits (if any) which, by the terms of the applicable plan or policy, is payable to the Employee after termination of employment (the “Accrued Compensation and Benefits”).
Expiration of the Term of Agreement. Unless this Agreement is extended by a written agreement or modification by the parties, this Agreement shall be automatically terminated upon the expiration of the term of the Agreement set forth in Section 1 of this Agreement. Upon such termination, Employer shall have no further liability to Chairman for any payment, compensation or benefit under this Agreement whatsoever except as provided herein or under the terms of an applicable employee benefit plan or the Aviron 1996 Equity Incentive Plan (and any stock option grants made under such plan as may be amended under this Agreement). The provisions of this Section 7(a) shall not affect any rights or benefits that Chairman may be entitled to as the Chairman or a director of the Board of Directors of Employer.
Expiration of the Term of Agreement. This Agreement will terminate ----------------------------------- automatically upon the expiration of the Employment Term.
