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 (pursuant to this Agreement or otherwise) before the expiration of this Agreement (“Non-Renewal”), Executive shall be entitled to receive the Termination Benefits through the date of the termination of Executive’s employment, payable in a lump sum within 15 days.

Appears in 2 contracts

Samples: Employment Agreement (Scott's Liquid Gold - Inc.), Employment Agreement (Scott's Liquid Gold - Inc.)

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Termination by Non-Renewal. In the event the company fails to renew Executive’s employment (pursuant to this Agreement or otherwise) before the expiration of this Agreement (“Non-Renewal”), Executive shall be entitled to receive the Termination Benefits receive: (i) The Accrued Obligations through the date of the termination of Executive’s employmenttermination, payable in a lump sum within 15 days.

Appears in 1 contract

Samples: Employment Agreement (HireQuest, Inc.)

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Termination by Non-Renewal. In the event the company Company fails to renew Executive’s employment (pursuant to this Agreement or otherwise) before the expiration of this Agreement (“Non-Renewal”), Executive shall be entitled to receive the Termination Benefits receive: a. The Accrued Obligations through the date of the termination of Executive’s employmenttermination, payable in a lump sum within 15 days.

Appears in 1 contract

Samples: Employment Agreement (Optex Systems Holdings Inc)

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