Renewal Consideration. Upon Company’s application for a renewal of the Exemption, Company's non-performance of this Agreement shall be considered by the Board in the manner provided by the Rules.
Renewal Consideration. As consideration for the Executive’s agreement to enter into the Amendment and extend the Employment Period for the Renewal Period, the Executive received upon the execution of the Amendment and is further entitled to receive on the dates described below, grants of restricted stock units under the Company’s 2006 Stock Incentive Plan (as the same may hereafter be amended or under any successor plan), each with a fair market value on the date of grant (as determined in accordance with such plan) of $500,000, such grants yet to be made to be granted as follows:
Renewal Consideration. On or before May 1 in the academic year in which the Term or any renewal term expires, the Academy shall review the performance of Promise Schools and provide notice of its intention to approve a new agreement for an additional year or years, subject to the negotiation of the terms for the new Agreement and the issuance of a new Contract by HPBOE. In the event that the Academy Board takes no action as contemplated herein, and the Academy Board and Promise Schools do not renew this Agreement at the end of its Term, Promise Schools shall cease to be obligated by the terms and conditions recited herein as of midnight, June 30 (August 31 if the Academy has an extended school year in the year of termination) of the last effective year of this Agreement and shall have no further responsibility or liability to the Academy, except as provided in paragraph VII. H, Transition Services.
