Failure to Renew. If either the Executive or the Company elects not to renew this Agreement at the end of the stated Term, the Company shall pay to the Executive one times the Executive’s Base Salary as in effect at the end of the Term. Such payment shall be made in a lump sum within ten (10) days following the end of the stated Term of this Agreement.
Appears in 4 contracts
Samples: Employment Agreement (Republic Airways Holdings Inc), Employment Agreement (Republic Airways Holdings Inc), Employment Agreement (Republic Airways Holdings Inc)
