Payment upon Non-Renewal Sample Clauses

Payment upon Non-Renewal. Not less than ninety (90) days prior to the expiration of the Initial Term or any subsequent Term, the Company shall provide the Executive with written notice of its decision as to whether or not the Company intends to renew this Agreement. In the event that Company decides not to renew this Agreement, Company shall (a) pay to Executive severance payments equal to Executive's monthly Base Salary for a period of three (3) consecutive months, in accordance with Company's customary payroll practices, and (b) pay COBRA premiums to maintain health coverage on Executive for three (3) consecutive months from the date of his termination of employment. In the event that Executive decides not to renew this Agreement, Company shall not be obligated to pay any severance payments to Executive.
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Payment upon Non-Renewal. In the event that Executive’s employment is terminated as a result of the Company sending notice that it is not renewing the Term as set forth in Section 2, the Company shall have no further obligations to Executive hereunder after the end of the Term, except for: (i) Base Salary at the applicable annual rate as of the date of such notice for five (5) months commencing after the expiration of the Term, payable in accordance with Section 3.1, subject to the Executive executing a general release in favor of the Company in customary form; (ii) full payment of any previously granted but unpaid Bonus and a pro rata share of Executive’s Bonus for the current year determined in the ordinary course and assuming completion of any individual performance benchmarks by Executive; (iii) full vesting of any grant or benefit subject to vesting, with Executive being provided with that period of time to exercise any options as is provided in the applicable plan (or, if no timeframe is provided therein, a reasonable period of time); (iv) all valid expense reimbursements; and (v) all accrued but unused vacation pay (pro rata for the period through the expiration of the Term).
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Payment upon Non-Renewal. 49.02.1 Tenant shall make a payment to Landlord as provided in Paragraph 49.02.2 below in either of the following events: (i) If Tenant does not exercise the first Renewal Option, Tenant fails to fully construct, in accordance with the provisions regarding the Parking Expansion Alterations (as set forth in Paragraph 2.03.4) prior to the Outside Option Exercise Date for the first Renewal Option, at least one hundred ninety-two (192) parking spaces; or (ii) If Tenant exercises the first Renewal Option but excludes from such exercise (in accordance with Paragraph 49.01 above) one or more floors of the East Building (with the floors excluded from such exercise, the “Excluded Floors”), Tenant fails to fully construct, in accordance with the provisions regarding the Parking Expansion Alterations prior to the Outside Option Exercise Date for the first Renewal Option, a number of new parking spaces equal to the product of (A) eleven (11) multiplied by (B) the number of the Excluded Floors. If Tenant exercises the first Renewal Option as to the entirety of all four (4) Buildings, or if Tenant constructs the applicable number of parking spaces specified in either subparagraph (i) or (ii) above, Tenant shall not be required to make payment pursuant to this Paragraph 49.02. 49.02.2 In the event that a payment is due to Landlord under Paragraph 49.02.1 above, Tenant shall pay to Landlord, within ninety (90) days following the Outside Option Exercise Date and as additional rental under this Lease, an amount equal to the product of (A) the number of floors not included within the area covered by Tenant’s Election Notice (that is, if the triggering event is that described in subparagraph 49.02.1(i), the number of all floors in all Buildings in the Project, or if the triggering event is that described in subparagraph 49.02.1(ii), the number of the Excluded Floors), multiplied by (B) One Hundred Twelve Thousand Five Hundred Dollars ($112,500) per floor, subject to a maximum amount of Four Hundred Fifty Thousand Dollars ($450,000) per Building, or an aggregate amount of $1,800,000 if the payment is made by reason of the event specified in subparagraph 49.02.1(i).
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Payment upon Non-Renewal. If Customer gives or receives notice not to renew this Agreement pursuant to Section 2.1, or Customer terminates this Agreement under Section 9.5, Customer will pay to EDS an amount equal to all amounts then due and payable to EDS, plus, (a) EDS' charges for any Additional Services reasonably requested by Customer for de-conversion assistance, (b) EDS' then standard charges for the resources utilized to prepare any test or conversion tapes, and (c) all other costs reasonably incurred by EDS in connection with such election not to renew or such termination that are described in Section 7.7(a) and that relate to obligations that Customer approved, which extend beyond the then current term of this Agreement or earlier termination date under Section 9.5. All amounts payable under this Section 7.8 will be invoiced and paid prior to the expiration date and prior to the release of any test tapes or other data of Customer.
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Related to Payment upon Non-Renewal

  • Payment upon Early Termination (a) Within three (3) calendar days after an Early Termination Effective Date, the Corporate Taxpayer shall pay to each TRA Party an amount equal to the Early Termination Payment in respect of such TRA Party. Such payment shall be made by wire transfer of immediately available funds to a bank account or accounts designated by such TRA Party or as otherwise agreed by the Corporate Taxpayer and such TRA Party or, in the absence of such designation or agreement, by check mailed to the last mailing address provided by such TRA Party to the Corporate Taxpayer.

  • Non-Renewal Any grounds for termination stated in Section 24(c) above also may be grounds for non-renewal. In addition, the State Board or Local Board may elect not to renew the Charter if the petition for renewal does not comply with the Charter Schools Act and the rules, regulations, policies, and procedures promulgated in accordance with the Charter Schools Act or if the State Board or Local Board deems that the Charter School has not sufficiently increased student achievement or is no longer in the public interest.

  • Payment Upon Termination In the event that the City or Consultant terminates this Agreement pursuant to Section 8, the City shall compensate the Consultant for all outstanding costs and reimbursable expenses incurred for work satisfactorily completed as of the date of written notice of termination. Consultant shall maintain adequate logs and timesheets in order to verify costs incurred to that date. The City shall have no obligation to compensate Consultant for work not verified by logs or timesheets.

  • Refund or Payment upon Termination Upon any termination for cause by You, We shall refund You any prepaid fees covering the remainder of the term of all subscriptions after the effective date of termination. Upon any termination for cause by Us, You shall pay any unpaid fees covering the remainder of the term of all Order Forms after the effective date of termination. In no event shall any termination relieve You of the obligation to pay any fees payable to Us for the period prior to the effective date of termination.

  • Notice of Non-Renewal Consultant understands and agrees that there is no representation, implication, or understanding that the City will request that work product provided by Consultant under this agreement be supplemented or continued by Consultant under a new agreement following expiration or termination of this agreement. Consultant waives all rights or claims to notice or hearing respecting any failure by City to continue to request or retain all or any portion of the work product from Consultant following the expiration or termination of this agreement.

  • Non-Renewal Termination If the Agreement expires as set forth in Section 6(g) [Non-Renewal Termination], then, subject to Section 22 [Compliance with Section 409A], in addition to all salary, annual bonuses, expense reimbursements, benefits and accrued vacation days earned by the Executive pursuant to Section 4 through the date of the Executive’s termination of employment, the Executive shall be entitled to the compensation set forth in Sections 8(d)(i) through (v), provided that within sixty days following the Executive’s termination of employment (i) the Executive has executed and delivered the Release to the Company, and (ii) the Release has become irrevocable:

  • Payment Upon Separation An employee or an employee's estate, will be paid for: 1) the number of days of annual leave, not exceeding 50 days or 400 hours that were accrued at the end of the previous calendar year and that remain unused; and 2) the number of days of annual leave that accrued during the calendar year in which the employee’s State employment terminates and that remain unused upon termination of state service at the time that the employee receives his/her pay check for the final period of work or the next pay period.

  • Termination Upon Notice Following thirty (30) days’ written notice, the State Entity may terminate the Contract in whole or in part without the payment of any penalty or incurring any further obligation to the Contractor. Following termination upon notice, the Contractor shall be entitled to compensation, upon submission of invoices and proper proof of claim, for goods and services provided under the Contract to the State Entity up to and including the date of termination.

  • Termination for Nonpayment In the event of the nonpayment of fees owed to DSI, DSI shall provide written notice of delinquency to all parties to this Agreement. Any party to this Agreement shall have the right to make the payment to DSI to cure the default. If the past due payment is not received in full by DSI within one month of the date of such notice, then DSI shall have the right to terminate this Agreement at any time thereafter by sending written notice of termination to all parties. DSI shall have no obligation to take any action under this Agreement so long as any payment due to DSI remains unpaid.

  • Termination for Non-Payment We may terminate this Agreement with immediate effect by giving written notice to you if you fail to pay any amount due under this Agreement on the due date for payment and remain in default not less than thirty

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