Non-Renewal of Term. The Employment Term may be terminated by either party hereto as of the end of the initial term or any renewal term then in effect by giving written notice of the intention to terminate the Employment Term at least 90 days prior to the proposed termination date. If the Company terminates the Employment Term under such circumstances, the Company shall provide the Employee with the Termination Compensation specified in Section 6(c).
Non-Renewal of Term. The Term shall end earlier than the Termination Date provided in Section 2.1 or any extended termination date provided in Section 2.2, in either case if sooner terminated pursuant to Section 4. Non-extension of the Term shall not be deemed to be a termination of this Agreement by the Company, and the Executive shall not be entitled to receive severance benefits or any other payment pursuant to this Agreement.
Non-Renewal of Term. The Employment Term may be terminated by either party hereto as of the end of the initial term or any renewal term then in effect by giving written notice of the intention to terminate the Employment Term at least 90 days prior to the proposed termination date. If Tufco terminated the Employment Term under such circumstances, Tufco shall provide the Employee with the Termination Compensation specified in Section 6(c).
Non-Renewal of Term. Should Executive give STT written notice at least thirty (30) days prior to the expiration of either the orginal four-year term of his employment or any of the subsequent, consecutive one-year terms set forth in Section 2, above, Executive's employment pursuant to this Agreement shall terminate upon the last day of said term and such termination shall be effective on said day.
Non-Renewal of Term. If the Term is not renewed or extended for at least twelve (12) months on any expiration of the Term, then Executive shall be entitled to all of the payments and benefits described in Section 10(c)(ii) as if the Executive’s engagement hereunder were terminated by the Company without Cause.”
7. The following new Section 10(d)(iv) is added to the Agreement:
Non-Renewal of Term. Executive’s employment shall terminate upon the non-renewal of the Term as set forth in Section 3. If Executive’s employment terminates pursuant to this Section 6(f) due to the Company providing Executive notice of non-renewal pursuant to Section 3, then Executive shall be entitled to receive the Accrued Obligations and the Severance Payment, provided that, Executive shall only be entitled to the Severance Payment if signs, delivers and does not revoke the Release within 60 days after his termination date, and he complies with his Continuing Obligations. If Executive’s employment terminates pursuant to this Section 6(f) due to Executive providing the Company notice of non-renewal pursuant to Section 3, then Executive shall not be entitled to receive any severance, bonus or other payments, except the Accrued Obligations, and the Company shall have no further obligation to Executive or liability under this Agreement by way of compensation or otherwise and Executive shall continue to be fully bound by his Continuing Obligations.
Non-Renewal of Term. In the event the Company elects not to extend the Term pursuant to Section 2, unless Executive’s employment is earlier terminated pursuant to Sections 6, 7, 8 or 9 of this Agreement, the expiration of the Term and Executive’s termination of employment hereunder shall occur on the close of business on the day immediately preceding the next scheduled Extension Date and Executive shall be entitled to receive the payments and benefits applicable to an involuntary termination of Executive’s employment without Cause pursuant to Section 9. Executive shall have no further rights to any compensation or any other benefits under this Agreement.
Non-Renewal of Term. In the event that either party gives notice that it will not renew or extend the Term (as such Term may be extended), Parent shall, within five (5) business days following the expiration of the Term, pay the Executive a lump sum amount in cash equal to (i) the Accrued Obligation and (ii) the product of (A) the Executive's Base Salary as in effect as of the date of the expiration of the Term and (B) the number one and one-half (1.5).
Non-Renewal of Term. If, during the Term (other than during the Change in Control Protection Period, as defined below), the Company provides timely notice of its intention not to renew the Term in accordance with Section 1(b) of this Agreement and terminates Executive’s employment other than for Disability or Cause at the end thereof, then, in addition to the amounts, benefits and rights provided in Section 5(a), the Company shall pay or provide, or cause to be paid or provided, to Executive the payments and benefits set forth in Section 5(b) above. If, during the Term (other than during the Change in Control Protection Period, as defined below), Executive provides timely notice of his intention not to renew the Term in accordance with Section 1(b) of this Agreement and terminates his employment at the end thereof, then, in addition to the amounts, benefits and rights provided in Section 5(a), the Company shall pay or provide, or cause to be paid or provided, to Executive the payments and benefits set forth in Sections 5(b)(i), (ii), (iii) and (v) above (but specifically excluding the accelerated vesting of equity awards set forth in Section 5(b)(iv) above); provided that the Severance Multiple, as defined in Section 5(b) hereof, shall be 0.5 rather than 2.0 and, for purposes of Section 8 hereof, the definition of Protection Period shall be modified to replace the period of “18 months” with the period of “6 months”.
Non-Renewal of Term. Either party may elect not to renew this Agreement following the expiration of the initial or any renewal Term by giving the other party notice of such decision at least 90 days prior to the expiration of the Term.
