Non-Renewal of Employment; General Provisions. Either the Company or Employee may elect not to renew Employee's employment hereunder at the end of the Initial Period, or at the end of any Additional Period thereafter, by delivery of sixty (60) days prior written notice by the electing party to the other party. At the expiration of the employment term (in addition to any other amounts provided in Section 10(f) below in the case of a non-renewal by the Company), the Company shall pay to Employee an amount equal to the sum of (i) Employee's earned but unpaid Annual Base Salary through the date of termination of employment at the rate then in effect, (ii) vacation pay earned but not taken to the date of such termination, and (iii) all other amounts previously deferred by Employee or earned but not paid as of such date under all Company incentive or deferred compensation plans or programs. In the event of a non-renewal by the Employee, the amounts due the Employee shall be limited to the amounts specified in clause (i), (ii) and (iii) of the preceding sentence.
Non-Renewal of Employment; General Provisions. Either EFT or Employee may elect not to renew Employee's employment hereunder at the end of the Initial Period, or at the end of any Additional Period thereafter, by delivery of written notice by the electing party to the other party at least sixty (60) days prior to the effective date of such termination, as set forth in such notice. Within thirty (30) days after the expiration of the employment term (in addition to any other amounts provided in Section 10(f) below in the case of a non-renewal by EFT), EFT shall pay to Employee an amount equal to the sum of (i) Employee's unpaid Annual Base Salary prorated through the date of termination of this Agreement at the rate then in effect at the time of such non-renewal, (ii) vacation pay earned pursuant to the policies of EFT then in effect but not taken to the date of such termination, and (iii) all other amounts previously deferred by Employee or earned by Employee as reflected on the books and records of EFT but not paid as of such date under all Company incentive or deferred compensation plans or programs. In the event of a nonrenewal by Employee, the amounts due Employee shall be limited to the amounts specified in clause (i) and (ii) of the preceding sentence.
Non-Renewal of Employment; General Provisions. Notwithstanding the provisions of Sections 10(a), 10(b) and 10(c), either the Company or Employee may elect not to renew Employee's employment hereunder at the end of the Initial Period, or at the end of any Additional Period thereafter, by delivery of written notice by the electing party to the other party at least sixty (60) days prior to the effective date of such termination, as set forth in such notice. Within thirty (30) days after the expiration of the employment term (in addition to any other amounts provided in Section 10(f) below in the case of a non- renewal by the Company), the Company shall pay to Employee an amount equal to the sum of (i) Employee's unpaid Annual Base Salary, if any, prorated through the date of termination of this Agreement at the rate then in effect at the time of such non-renewal and (ii) vacation pay earned pursuant to the policies of the Company then in effect but not taken to the date of such termination. In the event of a non-renewal by Employee, the amounts due Employee shall be limited to the amounts specified in clauses (i) and (ii) of the preceding sentence.
