Common use of Non-Renewal of Term Clause in Contracts

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:

Appears in 2 contracts

Samples: Employment Agreement (L-1 Identity Solutions, Inc.), Employment Agreement (L-1 Identity Solutions, Inc.)

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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.” 79. The following new Section 10(d)(iv) is added to the Agreement:

Appears in 2 contracts

Samples: Employment Agreement (L-1 Identity Solutions, Inc.), Employment Agreement (L-1 Identity Solutions, Inc.)

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