Common use of Termination Upon Expiration of Term Clause in Contracts

Termination Upon Expiration of Term. If the Executive’s employment is terminated by reason of the expiration of the Term, the Executive shall be entitled to payment of the Accrued Obligations. In addition, in such event, the Employer shall, conditioned upon the Executive’s execution of a customary release of all claims against the Employer and its officers, directors, shareholders and affiliates, if any, in a form prescribed by the Employer, pay to the Executive as severance (the “Term Expiration Severance Payment”) that amount equal to:

Termination Upon Expiration of Term. If In the event that Executive’s employment is terminated by reason as a result of the expiration of the Termterm of the Agreement without any renewal or extension thereof, the Company shall pay or provide to Executive shall be entitled to payment of at its expense the Accrued Obligations. In addition, in such event, the Employer shall, conditioned upon the Executive’s execution of a customary release of all claims against the Employer and its officers, directors, shareholders and affiliates, if any, in a form prescribed by the Employer, pay to the Executive as severance (the “Term Expiration Severance Payment”) that amount equal tofollowing:

Termination Upon Expiration of Term. If the Executive’s employment is terminated by reason of the expiration of the Term, the Executive shall be entitled to payment of the Accrued Obligations. In addition, in such event, the Employer shall, conditioned upon the Executive’s execution and non-revocation of a customary release of all claims against the Employer and its officers, directors, shareholders and affiliates, if any, in a form prescribed by the EmployerEmployer and within such time period as the Employer shall provide, pay to the Executive as severance (the “Term Expiration Severance Payment”) that amount equal to:

Termination Upon Expiration of Term. If the Executive’s employment is terminated by reason of the expiration of the Term, the Executive shall be entitled to payment of the Accrued Obligations. In addition, in such event, the Employer shall, conditioned upon the Executive’s execution and non-revocation of a customary release of all claims against the Release within such time period as the Employer and its officers, directors, shareholders and affiliates, if any, in a form prescribed by the Employershall provide, pay to the Executive as severance (the “Term Expiration Severance Payment”) that amount equal to: