Non-Renewal of Agreement. (i) If the Company gives a Non-Renewal Notice to the Executive, the Employment Term and the Executive’s employment hereunder shall terminate as of the expiration of the Initial Term or then-current Renewal Term, as applicable, and the Company shall provide the Executive with all of the payments and benefits set forth in Section 4(c) hereof, subject to his execution and non-revocation of the Release by the Release Effective Date.
Non-Renewal of Agreement. Executive may terminate Executive’s employment by providing a timely Non-Renewal Notice, pursuant to Section 1(a).
Non-Renewal of Agreement. For the avoidance of doubt, the Parties expressly acknowledge and agree that the election by a Party to not renew (and thus terminate) this Agreement pursuant to Section 3 shall not give rise to any severance or other payment to Executive under this Agreement.
Non-Renewal of Agreement. In the event the House Staff member’s agreement is not to be renewed for the following year, or if the resident will not be promoted to the next level of training, the hospital will provide a written notice of the intent not to renew or not to promote at least four months prior to the end of the current agreement. However, if the cause for non-renewal or non- promotion arises within that four month period, then the written notice of intent not to renew or not promote shall be provided as soon as reasonable under the circumstances prior to the end of the current agreement.
Non-Renewal of Agreement. Pursuant to Education Code section 35031, the Board may elect not to renew this Agreement at the expiration of its term by giving written notice to the Assistant Superintendent forty-five (45) days prior to the expiration of its term. Failure to give such notification will make the Agreement automatically renew for one (1) year upon the same terms and conditions. The Assistant Superintendent shall give notice to the Board of this provision at least ninety (90) days prior to the expiration of the term of this Agreement.
Non-Renewal of Agreement. In the event that at the end of the Employment Term the Company does not renew this Agreement in accordance with 1.02 hereof and terminates Executive’s employment without Cause at such time, the Executive shall be entitled to the following benefits:
Non-Renewal of Agreement. In the event this Agreement is terminated due to the expiration of the Term, there shall be no amount owed to you hereunder. For clarification, (i) expiration or non-renewal of this Agreement by the Company or by you shall not be considered a termination of your employment, for Good Reason or otherwise; and (ii) expiration and non-renewal of this Agreement by you shall not entitle you to any compensation whatsoever; but (iii) expiration and non-renewal of this Agreement by the Company will nevertheless entitle you to receive the benefit described in Section 5(f) below, subject to your execution and non-revocation of the Release (as described below), if the following conditions are satisfied:
Non-Renewal of Agreement. In the event this Agreement is not renewed by the Company as provided in Section 1.3, the Executive shall be entitled to six months of his Base Salary as severance, payable in equal installments on the same terms as at the end of the Employment Term ("Severance Pay").
Non-Renewal of Agreement a. If Employer elects not to renew the Term pursuant to Section 2 hereof, and within the 12 months following the expiration of such Term (the “Non-Renewal Hold Period”), Employer terminates Executive’s employment other than for Cause, death, or Disability, then, notwithstanding the expiration of the Term and subject to Section 12 hereof, Bank shall pay to Executive the Severance Amount, payable pursuant to the payment schedule set forth in Section 6(a)(ii) hereof, and the Health Coverage Benefit as set forth in Section 6(a)(iii) (“Non-Renewal Severance”). Additionally, any unvested equity awards held by Executive shall be subject to Accelerated Vesting as and to the extent set forth in Section 6(a)(vi). Notwithstanding the foregoing, Bank shall be obligated to provide the Severance Amount and Health Coverage Benefit only if (A) within 45 days after the Date of Termination Executive shall have executed the Release Agreement and such Release Agreement shall not have been revoked within the revocation period specified in the Release Agreement, and (B) Executive fully complies with the obligations set forth in Section 7 hereof. For the avoidance of doubt, if Executive does not comply with the obligations set forth in Section 7 hereof, then payment of the Severance Amount shall cease immediately upon Executive’s breach thereof. At the conclusion of the Non-Renewal Hold Period, if Employer has not paid or become obligated to pay Non-Renewal Severance, then the restrictions contained in Section 7(c) shall not apply in the event of Executive’s subsequent termination of employment.
Non-Renewal of Agreement. If the Company or Executive elects not to renew this Agreement under the terms provided in Section 1, this Agreement shall terminate without further obligation of the Company, but the Company shall pay Executive all accrued Base Salary through the Termination Date and unreimbursed business expenses through the Termination Date in accordance with Sections 3(a) and 3(d). If the Company elects not to renew this Agreement, Executive shall be eligible to receive any unpaid Annual Bonus(es) attributable to prior year(s), if any, and the Annual Bonus(es) for the year in which the non-renewal notice is provided along with full vesting of all restricted stock granted under Section 3(c) herein. Payment of the prior year(s) Annual Bonus(es) shall be paid within thirty (30) days of any such non-renewal notification (if calculable), but in no event later than January 15th of the year following the year in which the non-renewal notice is provided. Payment of the Annual Bonus for the year in which notice of non-renewal is given shall be paid by January 15th of the year following the year in which the non-renewal notice is provided (if calculable); and further provided, that the amount of the Annual Bonus for the year in which the non-renewal notice is provided shall be prorated in accordance with the number of days in such calendar year during which Executive is so employed.
