Termination of Employment Upon Nonrenewal. In the event either party decides not to renew this Agreement after completion of the Initial Term in accordance with subsection 3.2 above, this Agreement will expire, Employee’s employment with Company will terminate and Employee will only be entitled to Employee’s Base Salary paid through the last day of the current term.
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Samples: Employment Agreement (Worldwide Strategies Inc), Employment Agreement (Worldwide Strategies Inc), Employment Agreement (Worldwide Strategies Inc)
Termination of Employment Upon Nonrenewal. In the event either party decides not to renew Should this Agreement after completion terminate at the expiration of the Initial Term in accordance with subsection 3.2 above, this Agreement will expireTerm, Employee’s employment with Company will terminate and Employee will only be entitled to Employee’s Base Salary paid and Accrued Benefits through the last day of the current term. All other Company obligations to Employee pursuant to this Agreement will become automatically terminated and completely extinguished. Employee will not be entitled to receive the Severance Package described in subsection 6.2 above.
Appears in 2 contracts
Samples: Employment Agreement (Paylocity Holding Corp), Employment Agreement (Paylocity Holding Corp)
Termination of Employment Upon Nonrenewal. In the event either party Party decides not to renew this Agreement after completion of the Initial Term for a subsequent one-year term in accordance with subsection Section 3.2 above, this the Agreement will expire, Employeeexpire and Executive’s employment with Company will terminate and Employee will only terminate. Such termination shall be entitled deemed a termination without Cause by the Company pursuant to Employee’s Base Salary paid through Section 7.2, if the last day of the current termCompany is unwilling to renew this Agreement, or a voluntary resignation by Executive without Good Reason pursuant to Section 7.4, if Executive is unwilling to renew this Agreement.
Appears in 1 contract
Samples: Executive Employment Agreement (Multimedia Games Inc)
Termination of Employment Upon Nonrenewal. In the event that either party decides not to renew this Agreement after completion of the Initial Term for a subsequent one (1) year term in accordance with subsection 3.2 subparagraph 5.2 above, this the Agreement will expire, Employee’s 's employment with the Company will terminate and Employee will only be entitled to Employee’s 's Base Salary paid through the last day of the current term. All other Company obligations to Employee pursuant to this Agreement will become automatically terminated and completely extinguished. Employee will not be entitled to the Severance Payment described in Section 6.2 above.
Appears in 1 contract
Samples: Employment Agreement (Zones Inc)
Termination of Employment Upon Nonrenewal. In the event either party decides not to renew this Agreement after completion of the Initial Term for a subsequent twelve (12) months in accordance with subsection subparagraph 3.2 above, this the Agreement will expire, Employee’s employment with Company will terminate and Employee will only be entitled to Employee’s Base Salary paid through the last day of the current term. All other Company obligations to Employee pursuant to this Agreement will become automatically terminated and completely extinguished. Employee will not be entitled to the Severance Payment described in Section 7.3 above.
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