Common use of Notice of Non-Renewal Clause in Contracts

Notice of Non-Renewal. If the Company or the Executive elects not to extend the Executive’s employment under this Agreement, the electing party shall do so by notifying the other party in writing not less than sixty (60) days prior to the expiration of the Initial Term, or sixty (60) days prior to the expiration of any Renewal Term. The Executive’s date of termination, for purposes of this Agreement, shall be the date of the Company’s last payment to the Executive. For the purposes of this Agreement, the election by the Company not to extend the Executive’s employment hereunder for any renewal term shall be deemed a termination of the Executive’s employment without “Cause,” as hereinafter defined.

Notice of Non-Renewal. If the Company or the Executive elects not to extend the Executive’s employment under this Agreement, the electing party shall do so by notifying the other party in writing not less than sixty (60) days prior to the expiration of the Initial Term, or sixty (60) days prior to the expiration of any Renewal Term. The Executive’s date of termination, for purposes of this Agreement, shall be the date of the CompanyExecutive’s last payment to the Executive“separation from service” as such term is defined in Section 5.9(ii). For the purposes of this Agreement, the election by the Company not to extend the Executive’s employment hereunder for any renewal term term, shall be deemed a termination of the Executive’s employment without “Cause,” as hereinafter defined.

Notice of Non-Renewal. If the Company or the Executive elects not to extend the Executive’s 's employment under this Agreement, the electing party shall do so by notifying the other party in writing not less than sixty (60) days prior to the expiration of the Initial Term, or sixty (60) days prior to the expiration of any Renewal Term. The Executive’s 's date of termination, for purposes of this Agreement, shall be the date of the Company’s 's last payment to the Executive. For the purposes of this Agreement, the election by either the Company or the Executive not to extend the Executive’s 's employment hereunder for any renewal term shall be deemed a termination of the Executive’s 's employment without “"Cause,” " as hereinafter defined.

Notice of Non-Renewal. If the Company or the Executive elects not to extend the Executive’s 's employment under this Agreement, the electing party shall do so by notifying the other party in writing not less than sixty (60) days prior to the expiration of the Initial Term, or sixty (60) days prior to the expiration of any Renewal Term. The Executive’s 's date of termination, for purposes of this Agreement, shall be the date of the Company’s 's last payment to the Executive. For the purposes of this Agreement, the election by the Company not to extend the Executive’s 's employment hereunder for any renewal term shall be deemed a termination of the Executive’s 's employment without “"Cause,” " as hereinafter defined.

Notice of Non-Renewal. If the Company or the Executive elects not to extend the Executive’s employment under this Agreement, the electing party shall do so by notifying the other party in writing not less than sixty (60) days prior to the expiration of the Initial Term, or sixty (60) days prior to the expiration of any Renewal Term. If the Company or the Executive does not elect to extend the Executive’s employment under this Agreement, the Executive shall be considered to have been terminated without Cause upon the expiration of his employment, and the Executive will receive the payments and benefits set forth in this Agreement. The Executive’s date of termination, for the purposes of this Agreement, shall be the date of the Company’s last payment to the Executive. For the purposes of this Agreement, the election by the Company not to extend the Executive’s employment hereunder for any renewal term shall be deemed a termination of the Executive’s employment without “Cause,” as hereinafter defined.

Notice of Non-Renewal. If the Company or the Executive elects not to extend the Executive’s 's employment under this Agreement, the electing party shall do so by notifying the other party in writing not less than sixty (60) days prior to the expiration of the Initial Term, or sixty (60) days prior to the expiration of any Renewal Term. If the Company does not elect to extend the Executive's employment under this Agreement, the Executive shall be considered to have been terminated without Cause upon the expiration of his employment, and the Executive will receive the payments and benefits set forth in this Agreement. The Executive’s 's date of termination, for the purposes of this Agreement, shall be the date of the Company’s 's last payment to the Executive. For the purposes of this Agreement, the election by the Company not to extend the Executive’s employment hereunder for any renewal term shall be deemed a termination of the Executive’s employment without “Cause,” as hereinafter defined.