Common use of Termination by Expiration Clause in Contracts

Termination by Expiration. Upon the Expiration Date without renewal or extension, this Agreement shall terminate, and all duties of the Employer and Employee shall be discharged, with the exception of the covenants of Section 7, under which the Employee will continue to be bound. The Termination hereunder shall not terminate or otherwise affect the Employee's rights to amounts payable or accrued under the terms of any Fringe Benefit Programs reflected under Subparagraph 5.b. or payable or accrued under the terms of the Employee Benefit Plans reflected under Subparagraph 5.c., or to the reimbursement of accrued expenses under Paragraph 6, except as outlined in such plans or programs. Payments to the Employee upon a Termination by Expiration during the Protected Period will be governed by Subsection 8.f. below.