Common use of Termination upon Expiration of the Term Clause in Contracts

Termination upon Expiration of the Term. If the Executive’s employment terminates as a result of the expiration of the Term of this Agreement, the Executive shall be entitled to the following: (i) Base Compensation accrued through the date of termination, based on the number of days in such year that had elapsed as of the termination date; (ii) any accrued but unpaid PTO through the date of termination; (iii) any bonuses earned but unpaid with respect to fiscal years or other completed bonus periods preceding the termination date; (iv) any nonforfeitable benefits payable to the Executive under the terms of any deferred compensation, incentive or other benefit plans maintained by the Corporation, payable in accordance with the terms of the applicable plan; and (v) any expenses owed to the Executive under Section 4(d). All payments required to be made pursuant to subsections (i), (ii), (iii) and (v) shall be made to the Executive within sixty (60) days following the date of such termination and within any shorter time period required by law.

Termination upon Expiration of the Term. If the Executive’s employment terminates as a result of the expiration of the Term of this Agreement, the Executive shall be entitled to the following: (i) Base Compensation accrued through the date of termination, based on the number of days in such year that had elapsed as of the termination date; (ii) any accrued but unpaid PTO through the date of termination; (iii) any bonuses earned but unpaid with respect to fiscal years or other completed bonus periods preceding the termination date; (iv) any nonforfeitable benefits payable to the Executive under the terms of any deferred compensation, incentive or other benefit plans maintained by the Corporation, payable in accordance with the terms of the applicable plan; and (v) any expenses owed to the Executive under Section Sections 4(d) 4(e), or 4(f). All cash payments required to be made pursuant to listed in subsections (i), (ii), (iii) and (v) required to be paid pursuant to this Section shall be made to the Executive within sixty (60) days following the date of such termination and within any shorter time period required by law.

Termination upon Expiration of the Term. If the Executive’s employment terminates as a result of the expiration of the Term of this Agreement, the Executive shall be entitled to the following: (i) : Base Compensation accrued through the date of termination, based on the number of days in such year that had elapsed as of the termination date; (ii) ; any accrued but unpaid PTO through the date of termination; (iii) ; any bonuses earned but unpaid with respect to fiscal years or other completed bonus periods preceding the termination date; (iv) ; any nonforfeitable benefits payable to the Executive under the terms of any deferred compensation, incentive or other benefit plans maintained by the Corporation, payable in accordance with the terms of the applicable plan; and (v) and any expenses owed to the Executive under Section Sections 4(d), or 4(e). All payments required to be made pursuant to subsections (i), (ii), (iii) and (v) shall be made to the Executive within sixty (60) days following the date of such termination and within any shorter time period required by law.