Non-Renewal definition

Non-Renewal shall have the meaning set forth in Paragraph 2(b) hereof.

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Non-Renewal means the decision of the Board of Trustees not to renew the appointment of a probationary academic employee for the succeeding three (3)-quarter appointments, excluding summer quarter and approved leaves of absence.

Non-Renewal means the decision of the Board of Trustees not to renew the contract of a probationary faculty member for the succeeding academic year.

Examples of Non-Renewal in a sentence

• In the event a party provides a Non-Renewal Notice, this Agreement shall terminate with respect to the Fund at 11:59 PM (Eastern time) on the last day of the Initial Term or Renewal Term, as applicable.

• Any termination of the Executive’s employment by the Company or by the Executive during the Term of Employment (other than as a result of the death of the Executive or a Non-Renewal Termination described in Section 6(g)) shall be communicated by written notice of termination to the other party hereto.

• In the event a party provides a Non-Renewal Notice, this Agreement shall terminate at 11:59 PM on the last day of the Initial Term or Renewal Term, as applicable.

• If the Fund is the non-renewing party, its Non-Renewal Notice must be delivered to the Custodian at least sixty (60) days prior to the expiration of the then-current Initial Term or any Renewal Term, as the case may be; if the Custodian is the non-renewing party, its Non-Renewal Notice must be delivered to the Fund at least one hundred eighty (180) days prior to the expiration of the then-current Initial Term or any Renewal Term, as the case may be.

• Any such Non-Renewal Notice delivered by a party shall be effective upon the expiration of the then-current Initial Term or Renewal Term, as the case may be.

More Definitions of Non-Renewal

Non-Renewal means if the Company gives notice of non-renewal of this Agreement, as described in Section 1 above, and offers Employee a new or amended written employment agreement that is not on substantially the same or better terms as this Agreement. In the event of a termination by the Company Without Substantial Cause, or by Employee for Good Reason or Non-Renewal, Employee shall be entitled to receive (i) any compensation accrued and unpaid as of the date of termination; (ii) a cash payment based on the annual incentive payment Employee would have received in the then-current year in light of the Company’s actual performance as measured against the requirements of the annual incentive plan, pro-rated to the date of Employee’s termination (the “Pro-Rata Incentive Plan Payment”); and (iii) the vesting of all unvested long-term incentive compensation awards (e.g., SARs, stock options, and other long-term equity-based incentive awards) held by Employee that would have vested had Employee continued to perform services pursuant to this Agreement for a period of twelve (12) months from the date of termination; provided that any unvested long-term incentive compensation awards that are subject to performance-based vesting will vest only if, and to the degree that, the performance goals are satisfied. The payment of the benefits described in (i) of this subsection as well as any vested time-based long-term incentive compensation awards described in (iii) of this subsection shall be made as soon as administratively practicable following the date of termination. The payment of any benefits described in (ii) of this subsection as well as any performance-based long-term incentive compensation awards described in (iii) of this subsection shall be paid after the completion of the relevant performance period and the evaluation of whether, and the degree to which, the performance criteria have been met. In addition to the foregoing and subject to the provisions thereof, Employee shall be eligible to receive Special Severance as described in Subsection 7(b) and Incentive Payments as described in Subsection 7(c).

Non-Renewal is defined in Section 2 above.

Non-Renewal means an act by the Board not to issue a contract for the ensuing school year to a probationary employee. A non-renewal does not constitute discharge.

Non-Renewal means an action by the Board to discontinue the employment of a non-tenure employee during the probationary period, which action is not subject to grievance or arbitration.

Non-Renewal shall have the meaning set forth in Paragraph 2(b) hereof. (v) "Pay-out Period" shall mean the period commencing on the date ofTennination of Employment and ending two years thereafter. (w) "Replacement Agreement" shall have the meaning set forth in Paragraph 2(b) hereof. (x) "Retired Early Employee" shall have the meaning set forth in Paragraph 6 hereof. (y) "Retirement" shall have the meaning set forth in Paragraph 7(f)(i) hereof. (z) "Section 4999 Determination" shall have the meaning set forth in Paragraph 6(g)(ii) hereof. (aa) "Target Bonus" shall have the meaning set forth in Paragraph S(b) hereof. (bb) "Term" shall have the meaning set forth in Paragraph 2(a) hereof. (cc) "Termination of Employment" or "Termination of Employment of Executive" means the separation from service of the Executive, as defined in the regulations under Section 409A of the Code, with and from Arrow and its Affiliates. Generally, for purposes of Section 409A, a separation from service means a decrease in the performance of services to no more than 20% of the average for the preceding 36-month period, disregarding leaves of absence of up to six months where there is a reasonable expectation the Executive will return. ( dd) "Termination of Employment of Executive as a Retired Early Employee'' means a Termination of Employment of Executive pursuant to Paragraph 6(a) hereof, that is, either a Termination of Employment of Executive without Cause or a Termination of Employment of Executive for Good Reason, in either case, following a Change in Control and otherwise meeting the requirements of Paragraph 6(a) hereof. 16

Non-Renewal shall have the meaning set forth in Section 2.

Non-Renewal shall have the meaning set forth in Paragraph 2(b) hereof. (v) “Pay-out Period” shall mean the period commencing on the date of Termination of Employment and ending two years thereafter. (w) “Replacement Agreement” shall have the meaning set forth in Paragraph 2(b) hereof.