Common use of By Company Upon Notice Clause in Contracts

By Company Upon Notice. Company may terminate Executive’s employment effective as of the end of the Employment Term, by providing Executive with a written notice of non-renewal at least ninety (90) days prior to the end of the Employment Term, in which event Executive will not be entitled to any Severance Benefits. If such a notice of non-renewal is given, then employment pursuant to this Agreement will continue until the end of the Employment Term, provided, however, that upon or after delivery of such a notice, Company may instruct Executive to cease work pursuant to this Agreement, not to report to Company’s offices, and/or not to attend any Company business functions from the date of the notice of such non-renewal through the end of the Employment Term, while continuing to pay compensation and benefits to Executive pursuant to this Agreement, without otherwise affecting the denial of Severance Benefits.