Common use of Termination Upon Expiration of Initial Term or Renewal Term Clause in Contracts

Termination Upon Expiration of Initial Term or Renewal Term. Upon a termination of the Executive’s employment hereunder in accordance with the terms and provisions of Section 7.7, the Executive shall be entitled to receive all Accrued Total Compensation and Benefits calculated through the date such termination is effective. In addition, a termination for expiration and nonrenewal of the contract shall be treated as a termination without cause, provided the Executive has negotiated such renewal terms in good faith and are substantially similar to the terms of this Agreement, and the Executive will be entitled to the benefits contained in Section 8.3 of this agreement

Termination Upon Expiration of Initial Term or Renewal Term. (a) Upon a termination of the Executive’s employment hereunder in accordance with the terms and provisions of Section 7.7, the Executive shall be entitled to receive all Accrued Total Compensation and Benefits calculated through the date such termination is effective. In addition, a termination for expiration and nonrenewal of the contract shall be treated as a termination without cause, provided the Executive has negotiated such renewal terms in good faith and are substantially similar to the terms of this Agreement, and the Executive will be entitled to the benefits contained in Section 8.3 of this agreement (b) Notwithstanding the termination of Executive’s employment, the Executive shall continue to be bound by the terms and provisions of Sections 10, 11, 12, 13 and 14 in accordance with their terms.

Termination Upon Expiration of Initial Term or Renewal Term. Upon a termination of the Executive’s employment hereunder in accordance with the terms and provisions of Section 7.7, the Executive shall be entitled to receive all Accrued Total Compensation and Benefits calculated through the date such termination is effective. In addition, a termination for expiration and nonrenewal of the contract shall be treated as a termination without cause, provided the Executive has negotiated such renewal terms in good faith and are substantially similar to the terms of this Agreement, clause and the Executive will be entitled to the benefits contained in Section 8.3 of this agreement.