Termination Due to Expiration of the Term. In the event that either Party gives written notice of its intention not to renew this Agreement in accordance with Section 2, then the Term and Executive’s employment with the Company will terminate automatically upon the expiration of the Term. No compensation or benefits shall be payable to Executive after the Termination Date, except for the Accrued Amounts or as otherwise required under the terms of the Company’s employee benefit plans and programs or applicable law.
Termination Due to Expiration of the Term. If the Executive’s employment is terminated due to expiration of the Term pursuant to Section 2.2, (i) the Company shall pay the Executive an amount equal to the sum of (x) the Annual Base Salary as in effect immediately prior to the Date of Termination and (y) the greater of (I) the Annual Bonus earned by the Executive for the Fiscal Year immediately prior to the Fiscal Year in which the Date of Termination occurs, and (II) 130% of the Annual Base Salary (prorated based on the number days that the Executive is employed by the Company during the Fiscal Year in which the Date of Termination occurs), payable in equal installments in accordance with the Company’s payroll practices (disregarding, however, any past or future changes in the Company’s payroll practices that would result in an impermissible change in the timing of payments under this provision for purposes of Section 409A), during the one (1)-year period beginning on the first payroll date that follows Xxxxx 00, 0000, (xx) all unvested Equity Awards that, on and following the date of grant, were subject to only service-based vesting held by the Executive immediately prior to the Date of Termination shall, as of the Date of Termination, become vested and exercisable, subject to the terms and conditions of the applicable equity plan and equity award agreement(s) (other than those relating to vesting or forfeiture upon termination of employment), (iii) all unvested performance-based restricted share awards held by the Executive immediately prior to the Date of Termination for which the applicable performance period has ended shall, as of the Date of Termination, vest in the amount determined based on the actual level of achievement of the performance targets, subject to the terms and conditions of the applicable equity plan and equity award agreement(s) (other than those relating to vesting or forfeiture upon termination of employment), and (iv) during the two (2)-year period beginning on March 1, 2021 (such period, the “Post-Expiration Continuation Period”), the Executive and her eligible dependents, if applicable, shall be entitled to continued participation in the Company’s medical, health, disability and similar welfare benefit plans in which she and her eligible dependents, if applicable, were participating on March 1, 2021 at the Company’s sole expense; provided that if such continued participation is not permitted under such plans, the Company shall provide to the Executive and her eligible de...
Termination Due to Expiration of the Term. If this Agreement is not extended by you and the Company on or before the termination date in Section 3 above, and if you remain in the employ of the Company thereafter, you will be deemed an “at will” employee and either the Company or you may terminate such employment with or without cause and with or without notice without any further liability, notwithstanding any other provision of this Agreement.
Termination Due to Expiration of the Term. If the Executive’s employment is terminated due to expiration of the Term pursuant to Section 2.2, (i) the Company shall pay the Executive an amount equal to the sum of (x) the Annual Base Salary as in effect immediately prior to the Date of Termination, and (y) the greater of (I) the Annual Bonus earned by the Executive for the Fiscal Year immediately prior to the Fiscal Year in which the Date of Termination occurs, and (II) 85% of the Annual Base Salary (prorated based on the number days that the Executive is employed by the Company during the Fiscal Year in which the Date of Termination occurs), payable in equal installments in accordance with the Company’s payroll practices (disregarding, however, any past or future changes in the Company’s payroll practices that would result in an impermissible change in the timing of payments under this provision for purposes of Section 409A), during the one (1)-year period beginning on the first payroll date that US-DOCS\111599088.1
Termination Due to Expiration of the Term. If the Executive’s employment hereunder is terminated due to the expiration of the Term, the Company shall pay the Executive, in addition to the Accrued Amounts, a Pro-Rata Annual Bonus Payment for the year of such termination. Subject to Section 3.2(e), the Pro-Rata Annual Bonus Payment will be paid to the Executive as soon as practicable following the effectiveness of the Release.
Termination Due to Expiration of the Term. If Xx. XxXxxxxxxx remains employed until December 31, 2008, his employment with the Company shall end on such date, unless otherwise agreed in writing. Such a termination shall take effect without notice.
Termination Due to Expiration of the Term. In addition to the amounts due pursuant to Section 4(a) (“General”), in the event of a Termination Due to Expiration of the Term, subject to Xx. XxXxxxxxxx’x agreement to a Release Agreement, as defined below, and his continued compliance with this Agreement and any other continuing or then existing agreement between the Company and Xx. XxXxxxxxxx, the Company shall:
Termination Due to Expiration of the Term. (a) This Agreement shall terminate on the Expiration Date unless the Company and Executive mutually agree. Neither party has any obligation to renew this Agreement upon the expiration of the Term on the Expiration Date.
Termination Due to Expiration of the Term. 23.2. The AGREEMENT will terminate upon expiration of the term set forth in Clause 5.1 or of any extension of term granted in accordance with Section 5. The termination of the AGREEMENT due to expiration of the agreed term shall not contemplate any compensation for the Investments in Infrastructure and Equipment made for purposes of this AGREEMENT, nor shall entitle to claim any amount of compensation for possible damages that the termination of the AGREEMENT may generate for any of the PARTIES. except in cases of investments made in residual equipment and furniture which had not been paid in full, under the Equipment Replacement and Update Plan (PRAE) prepared by the OPERATING COMPANY, in accordance with the provisions in Clause 9.16 of this AGREEMENT.
Termination Due to Expiration of the Term. If the Executive’s employment is terminated due to expiration of the Term pursuant to Section 2.2, the portion of the Executive’s performance-based restricted share award granted to Executive on July 1, 2016 that is scheduled to time-vest on April 1, 2020 shall, as of the Date of Termination, vest in the amount determined based on the actual level of achievement of the performance targets, subject to the terms and conditions of the applicable equity plan and equity award agreement(s) (other than those relating to vesting or forfeiture upon termination of employment).
