Non-Renewal Notice. The Company shall notify Employee in writing in the event that the Company elects not to extend or renew this Agreement. If the Company gives Employee such notice less than three (3) months before the end of the Employment Term, or Employee’s employment terminates pursuant to Section 4.1 hereof during the three (3) months of the Employment Term, Employee shall be entitled to receive his Salary as provided in Section 2.1, payable in accordance with the Company’s then-effective payroll practices, subject to applicable withholding requirements, for the period commencing after the end of the Employment Term which, when added to the portion of the Employment Term, if any, remaining when the notice is given or the termination occurs, equals three (3) months. The payments provided for in this Section 3.17 are in lieu of any severance or income continuation or protection under any Company plan that may now or hereafter exist. Employee shall be required to mitigate the amount of any payment provided for in this Section 3.17 by seeking other employment or otherwise, and the amount of any such payment provided hereunder shall be reduced by any compensation earned by Employee from any third person.
Non-Renewal Notice. Blockbuster shall notify you in writing in the event that Blockbuster elects not to extend or renew this Agreement. If Blockbuster gives you such notice less than twelve (12) months before the end of the Employment Term, or your employment terminates pursuant to paragraph 8(b) or 8(c) hereof during the final twelve (12) months of the Employment Term, you shall be entitled to receive your Salary as provided in paragraph 3(a), payable in accordance with Blockbuster's then effective payroll practices, subject to applicable withholding requirements, for the period commencing after the end of the Employment Term which, when added to the portion of the Employment Term, if any, remaining when the notice is given or the termination occurs, equals twelve (12) months. The payments provided for in this paragraph 8(f) are in lieu of any severance or income continuation or protection under any Blockbuster or Viacom plan that may now or hereafter exist. You shall be required to mitigate the amount of any payment provided for in this paragraph 8(f) by seeking other employment or otherwise, and the amount of any such payment provided hereunder shall be reduced by any compensation earned by you from a third person.
Non-Renewal Notice. Except as provided in Sections 4(a) and (c), ------------------ if the Company provides the Executive with a Non-Renewal Notice, the Company shall (except as otherwise hereinafter provided in this Section 4(b)) pay to the Executive in a lump sum in cash, within ten days after the date of termination of employment hereunder an amount equal to (i) the Accrued Obligations; (ii) 200% of the Annual Base Salary immediately prior to such termination; (iii) any Bonus that may be owed; and (iv) the Accrued Investments, which shall be payable in accordance with the terms and conditions of the Investment Plans. In addition, except as otherwise provided in Section 4(d), the members of the Executive's family shall be entitled to continue their participation in the Company's Welfare Plans for a period of 12 months after the Date of Termination. Further, the Executive shall vest, as of the Date of Termination, in the Executive Options that would otherwise vest after the Date of Termination to the extent provided in the Option Agreement. The Company shall have no further payment obligations to the Executive or his legal representatives under this Agreement.
Non-Renewal Notice. If pursuant to Section 1 hereof IH provides Executive with a Non-Renewal Notice (i) the Period of Employment shall expire pursuant to the terms of Section 1 hereof, and (ii) all of IH’s obligations under this Agreement shall cease and IH shall have no further obligation to pay severance of any kind whether under this Agreement or otherwise.
Non-Renewal Notice. In the event the Company provides you with a notice of non-renewal of the “Employment Term” (as defined in your Employment Agreement) (the “Non-Renewal Notice”), then, in accordance with, and subject to, the terms of Section 6(g) and 8(e)(ii) of your Employment Agreement, such Non-Renewal Notice will be treated as a Termination of Service by the Company without Cause for purposes of this Agreement.
Non-Renewal Notice. The Board of Education shall cause notice to be given of its intention not to re-employ a non-teaching employee, at the expiration of his/her contract. If such notice is not given the non-teaching employee on or before June 1, said employee shall be deemed re-employed for the following school year.
Non-Renewal Notice. Unless otherwise specified in the text of a Non-Renewal Notice, the delivery by the Company to Executive of a Non-Renewal Notice in accordance with this Agreement will not constitute the termination of Executive's employment as contemplated by Sections 1.8(a)(i) or 1.8(a)(iii). Notwithstanding the foregoing, in the event of the delivery by the Company to Executive of a Non-Renewal Notice, the Company agrees that, if Executive executes the Release, commencing promptly upon the effective date of the Release, the Company will pay to Executive as consideration for signing the Release, the Release Payment. The Release Payment will be payable periodically, consistent with the then current payroll practices of the Company. Executive agrees that the sum entailed by the Release is good and valuable consideration for the surrender of rights entailed by the Release. In the event of the delivery by the Company to Executive of a Non-Renewal Notice, the Company will (A) pay to Executive accrued but unpaid Salary through the Termination Date, (B) pay to Executive all unreimbursed expenses incurred in accordance with this Agreement prior to such Termination Date, which payments in the cases of clauses (A) and (B) will become due and payable within ten calendar days following the Termination Date, (C) pay to Executive bonus as described in Section 1.3 that is accrued but unpaid prior to the Termination Date, which payments will become due and payable within ten calendar days after the Company has made a reasonably prompt determination of Precision's financial performance up to the Termination Date, (D) provide to Executive such benefits described in Section 1.6(a) that have accrued prior to the Termination Date and which are subject to continuance after the Termination Date in accordance with the terms of such benefits, and (E) notwithstanding clause (D), provide to Executive medical insurance coverage that is substantially equivalent to the medical insurance coverage then provided to him by the Company prior to such delivery of the Non-Renewal Notice for a period of nine months following the Termination Date. Other than (x) as set forth in Section 1.5 or otherwise in the LLC Agreement, (y) with respect to any obligations of the Company to indemnify Executive or to cause PPHC or LLC or any Affiliate to indemnify Executive or (z) as set forth in Section 1.8(e), and, except as set forth in this Section 1.8(b), the Company will have no additional obligations to Executive here...
Non-Renewal Notice. The Company may terminate this Agreement by providing Executive with a Non-Renewal Notice prior to the date of automatic renewal, as provided in Section 1.1. herein.
Non-Renewal Notice. When the District intends not to renew a teacher's contract, the District will give prior written notice of such intent served by personal delivery or by certified mail addressed to the teacher's last known address. Such non-renewal notice will be dated and contain a clear and concise statement that the teacher's contract will not be renewed, will state the reasons and causes for such action, and will advise the teacher that they may request an informal conference with the appropriate Assistant Superintendent to discuss the matter. Non-renewal notices will be delivered or mailed at least 60 calendar days prior to the end of the contract term of the individual teacher involved.
Non-Renewal Notice. Any Non-Renewal Notice delivered by the Company and/or the Bank to Executive under Section 2(b) of this Agreement shall be in writing. Such notice shall state that the Company’s Board and/or the Bank’s Board (as appropriate) has elected to discontinue the automatic extension of the Term of Executive’s employment under Section 2(b), by action taken by such board(s), and shall identify the date on which such board or each such board acted, and that such date (or if there is more than one such date, the later of such dates) shall be deemed the date of non-renewal as well as the date of the Non-Renewal Notice. Any notice given under this Section 8(a) may be delivered to Executive (i) in person, by an agent or representative of the Company and/or the Bank, (ii) by paid courier, (iii) by e-mail (in which there must be a confirmation that the email was received and read), or (iv) by U.S. mail, return receipt requested, in each case, at or addressed to the residence address of Executive (or if by email, the email address of Executive) as set forth at such time on the Company’s records;
