Common use of Non-Renewal of Employment Clause in Contracts

Non-Renewal of Employment. Either OMNI 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) calendar days prior written notice. After the expiration of the Term by reason of any such non-renewal, OMNI shall pay to Employee as soon as practicable, and in all events within 30 days following termination of employment, all amounts described in Section 6(b). Upon termination of Employee’s employment hereunder, Employee shall be deemed to have resigned from all offices, directorships, and committee positions then held with OMNI or any Affiliate.