Common use of Expiration of the Term of Employment Clause in Contracts

Expiration of the Term of Employment. Notwithstanding anything herein to the contrary, in no event shall any termination by reason of expiration of the Term of Employment pursuant to Section 2 hereof constitute a termination without Cause hereunder and, upon such expiration, Executive shall have the same entitlements as are provided in Section 7(c)(ii) above for a termination by the Company for Cause. Notwithstanding the foregoing, in no event shall a notice of nonrenewal of the Term of Employment by Executive pursuant to Section 2 hereof in and of itself constitute Cause.

Appears in 2 contracts

Samples: Executive Employment Agreement (Nord Resources Corp), Executive Employment Agreement (Nord Resources Corp)

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Expiration of the Term of Employment. Notwithstanding anything herein to the contrary, in no event shall any termination by reason of expiration of the Term of Employment pursuant to Section 2 hereof constitute a termination without Cause hereunder and, upon such expiration, Executive shall have the same entitlements as are provided in Section 7(c)(ii4(c)(ii) above for a termination by the Company for Cause. Notwithstanding the foregoing, in no event shall a notice of nonrenewal of the Term of Employment by Executive pursuant to Section 2 hereof in and of itself constitute Cause.

Appears in 2 contracts

Samples: Executive Employment Agreement (Nord Resources Corp), Executive Employment Agreement (Nord Resources Corp)

Expiration of the Term of Employment. Notwithstanding anything herein to the contrary, in no event shall any termination by reason of expiration of the Term of Employment pursuant to Section 2 hereof constitute a termination without Cause hereunder and, upon such expiration, Executive shall have the same entitlements as are provided in Section 7(c)(ii7(c) (ii) above for a termination by the Company for Cause. Notwithstanding the foregoing, in no event shall a notice of nonrenewal of the Term of Employment by Executive pursuant to Section 2 hereof in and of itself constitute Cause.

Appears in 1 contract

Samples: Executive Employment Agreement (Nord Resources Corp)

Expiration of the Term of Employment. Notwithstanding anything herein to the contrary, in no event shall any termination by reason of expiration of the Term of Employment pursuant to Section section 2 hereof constitute a termination without Cause hereunder and, upon such expiration, Executive shall have the same entitlements as are provided in Section 7(c)(ii) section 7.3 above for a termination by the Company for Cause. Notwithstanding the foregoing, in no event shall a notice of nonrenewal of the Term of Employment by Executive pursuant to Section section 2 hereof in and of itself constitute Cause.

Appears in 1 contract

Samples: Executive Employment Agreement (Nord Resources Corp)

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Expiration of the Term of Employment. Notwithstanding anything herein to the contrary, in no event shall any termination by reason of expiration of the Term of Employment pursuant to Section 2 hereof constitute a termination without Cause hereunder and, upon such expiration, Executive shall have the same entitlements as are provided in Section 7(c)(ii4( c )(ii) above for a termination by the Company for Cause. Notwithstanding the foregoing, in no event shall a notice of nonrenewal of the Term of Employment by Executive pursuant to Section 2 hereof in and of itself constitute Cause.

Appears in 1 contract

Samples: Executive Employment Agreement (Nord Resources Corp)

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