Common use of Termination by Non-Renewal Clause in Contracts

Termination by Non-Renewal. In the event the company fails to renew Executive’s employment before the expiration of this Agreement (“Non-Renewal”), Executive shall be entitled to receive: (i) The Accrued Obligations through the date of termination, payable in a lump sum within 15 days. (ii) Pro-rated payment of the Performance Bonus in Sections 3.B.(iii). (iii) 50% of the restricted stock awarded in Section 4.A shall immediately vest and become non-restricted.

Termination by Non-Renewal. In the event the company fails to renew Executive’s employment before the expiration of this Agreement (“Non-Renewal”), Executive shall be entitled to receive: (i) a. The Accrued Obligations through the date of termination, payable in a lump sum within 15 days. (ii) b. Full payment of the Change of Control Bonus, if Executive is entitled to such bonus under Section 4.X.x. x. Pro-rated payment of the Performance Bonus in tied to the Company’s Earnings (Sections 3.B.(iii4.B.b and 4.B.c). (iii) 50% of the restricted stock awarded in Section 4.A shall immediately vest and become non-restricted.

Termination by Non-Renewal. In the event the company fails to renew Executive’s employment before the expiration of this Agreement (“Non-Renewal”), Executive shall be entitled to receive: (i) The Accrued Obligations through the date of termination, payable in a lump sum within 15 days. (ii) Pro-rated payment of the Performance Bonus in Sections 3.B.(iii4.B(iii). (iii) 50% of the restricted stock awarded in Section 4.A shall immediately vest and become non-restricted.

Termination by Non-Renewal. In the event the company fails to renew Executive’s employment before the expiration of this Agreement (“Non-Renewal”), Executive shall be entitled to receive: (i) a. The Accrued Obligations through the date of termination; and b. Full payment of the Performance Bonus tied to the potential sale of the Company, payable in a lump sum if such sale occurs during the Term or within 15 dayssix months following the Term (Section 4.B.b.). (ii) c. Pro-rated payment of the Performance Bonus in Sections 3.B.(iiitied to the Company’s Earnings (Section 4.B.c.). (iii) 50% of the restricted stock awarded in Section 4.A shall immediately vest and become non-restricted.

Termination by Non-Renewal. In the event the company fails to renew Executive’s employment before the expiration of this Agreement (“Non-Renewal”), Executive shall be entitled to receive: (i) The Accrued Obligations through the date of termination, payable in a lump sum within 15 days. (ii) Full payment of the 2019 Bonus. (iii) Pro-rated payment of the Performance Bonus in Sections 3.B.(iii4.B(iii). (iiiiv) 50% of the restricted stock awarded in Section 4.A shall immediately vest and become non-restricted.