Non-extension of Term by the Executive. The Executive may give notice of non-extension to the Company pursuant to Section 1(b) and the last day of the applicable Term shall be the Executive’s Date of Termination and shall be considered the Executive’s “Retirement” hereunder.
Appears in 2 contracts
Samples: Employment Agreement (Allison Transmission Holdings Inc), Employment Agreement (Allison Transmission Holdings Inc)
Non-extension of Term by the Executive. The Executive may give notice of non-extension of the Term to the Company pursuant to Section 1(b) and the last day of the applicable Term shall be the Executive’s Date of Termination and shall be considered the Executive’s “Retirement” hereunder.
Appears in 1 contract
Samples: Employment Agreement (Allison Transmission Holdings Inc)
Non-extension of Term by the Executive. The In the event the Executive may give gives notice of non-extension to the Company pursuant to Section 1(b) and the last day of the applicable Term shall be 2(a), the Executive’s Date employment shall terminate upon the expiration of Termination and shall be considered the Executive’s “Retirement” hereunderthen current Initial Term or the Extension Term.
Appears in 1 contract
