Expiration of the Employment Period. Executive’s employment shall automatically terminate upon expiration of the Term unless the parties agree to extend the Term or continue the employment relationship “at will.” Notwithstanding the foregoing, if either party provides the notice to the other not to renew the Initial Term, the Employment Period shall terminate on expiration of the Initial Term. Such termination shall not be a breach of this Agreement.
Appears in 2 contracts
Sources: Employment Agreement (Wet Seal Inc), Employment Agreement (Wet Seal Inc)
Expiration of the Employment Period. Executive’s employment shall automatically terminate upon expiration of the Term unless the parties agree to extend the Term or continue the employment relationship “at will.” Notwithstanding the foregoing, if either party provides the notice to the other not to renew the Initial Term, the Employment Period shall terminate on expiration of the Initial Term. Such and such termination shall not be a breach of this Agreement; provided, that, unless otherwise agreed to by the parties hereto, if the Employer does not notify Executive at least six (6) months prior to the expiration of the Employment Period of its intention to offer him continued employment on comparable terms, then upon such expiration, Executive’s employment shall be deemed to be terminated under Section 6(e) of this Agreement.
Appears in 2 contracts
Sources: Employment Agreement (Greenlight Capital Re, Ltd.), Employment Agreement (Greenlight Capital Re, Ltd.)
Expiration of the Employment Period. Executive’s employment shall automatically terminate upon expiration of the Term unless the parties agree to extend the Term or continue the employment relationship “at will.” Notwithstanding the foregoing, if either party provides the notice to the other not to renew the Initial Term, the Employment Period shall terminate on expiration of the Initial Term. Such and such termination shall not be a breach of this Agreement; provided, that, unless otherwise agreed to by the parties hereto, if the Company fails to offer Executive continued employment with the Company on substantially comparable terms as provided in this Agreement at least six (6) months prior to such expiration, upon such expiration, Executive’s employment shall be deemed to be terminated under Section 6(e) of this Agreement.
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Expiration of the Employment Period. Executive’s employment shall automatically terminate upon expiration of Following the Term unless the parties agree to extend the Term or continue the employment relationship “at will.” Notwithstanding the foregoing, if either party provides the notice to the other not to renew the Initial Term, the Employment Period shall terminate on expiration of the Initial TermEmployment Period, in the event Executive’s employment is terminated by the Company, the Company shall have no obligation to Executive other than the continuation of Executive’s Base Salary (at the rate in effect at the time of such termination) through the first anniversary of the date of termination. Such termination shall not be payments will cease upon a breach by Executive of any provisions of this AgreementAgreement that survive the expiration of the Employment Period.
Appears in 1 contract
Sources: Employment Agreement (HLTH Corp)
Expiration of the Employment Period. This Agreement and Executive’s employment hereunder shall automatically terminate upon the expiration of the Term unless the parties agree to extend the Term or continue the employment relationship “at will.” Notwithstanding the foregoing, Employment Period if a Non-Renewal Notice is provided by either party provides the notice pursuant to the other not to renew the Initial Term, the Employment Period shall terminate on expiration terms of the Initial Term. Such termination shall not be a breach of this AgreementSection 2 above.
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Expiration of the Employment Period. Executive’s employment shall automatically terminate upon expiration of the Term unless the parties agree to extend the Term or continue the employment relationship “at will.” Notwithstanding the foregoing, if either party provides the notice to the other not to renew the Initial Term, the Employment Period shall terminate on expiration of the Initial Term. Such and such termination shall not be a breach of this Agreement.
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