Non-Renewal by Executive. In the event Executive elects not to renew this Agreement by giving notice of non renewal pursuant to Section 2, this Agreement and Executive’s employment shall terminate at the end of the then current Term. Upon termination of Executive’s employment as a result of Executive’s non renewal of this Agreement, the Company’s obligation to pay and provide Executive compensation and benefits under this Agreement shall immediately terminate, except: (a) the Company shall pay Executive that portion of his Base Salary, at the rate then in effect, which shall have been earned through the termination date; and (b) the Company shall pay or provide Executive such other payments and benefits, if any, which had accrued hereunder before the termination date. Other than the foregoing, the Company shall have no further obligations to Executive under this Agreement.
Non-Renewal by Executive. Executive shall receive only the amounts set forth in Section 4(a).
Non-Renewal by Executive. The Executive may terminate his employment pursuant to an election not to renew this Agreement as provided under Paragraph 1 above. Upon such termination, the Bank shall pay executive his current Annual Base Salary (minus applicable taxes and withholdings) prorated through the date of termination at the rate then in effect at the time of termination, together with the dollar value of any accrued vacation and the amount of any unreimbursed business expenses as of the date of termination, and the Bank shall have no further obligation to the Executive under this Agreement.
Non-Renewal by Executive. Executive may, by providing timely written notice in accordance with Section 2 above prior to the end of the Initial Term or any Renewal Term, elect not to renew this Agreement.
Non-Renewal by Executive. (Voluntary Resignation). Should Executive decide to not renew this Agreement by terminating his employment upon the expiration of this Agreement, he must provide no less than one hundred twenty (120) days written notice to Corporation’s Board of Directors of this intent. Notwithstanding the foregoing, CNB reserves the right to end Executive’s employment any time after Executive gives notice under this provision. In the event CNB ends Executive’s employment prior to the end of the one hundred twenty (120) days’ notice, Executive will be entitled to his base salary through the end of the notice period, but for all other purposes such termination will be considered voluntary by Executive. It will also be deemed a “voluntary termination” by Executive if Executive opts to resign/retire in lieu of termination by CNB for Cause.
Non-Renewal by Executive. If, during the Employment Period, the Executive's employment shall be terminated due to the Executive giving a Non-Renewal Notice, the Corporation shall pay the Executive all Base Salary and benefits to which the Executive is entitled pursuant to Section 6 through the Date of Termination and the Accrued Obligations. Unless otherwise directed by the Executive, the Executive shall be paid all such Accrued Obligations in a lump sum in cash within 30 days of the Date of Termination and the Corporation shall have no further obligations to the Executive under this Agreement.
Non-Renewal by Executive. During the period from the date that is 60 days prior to the end of each Renewal Term (which, for the sake of clarity, includes only the second year of this Agreement and annual renewal periods thereafter) through the date that is 30 days prior to the end of the applicable Renewal Term, Executive may provide notice of nonrenewal to the Company, and Company shall pay Executive a lump sum amount equal the Annual Base Salary, which amount shall be paid within 30 days following Executive’s separation from the Company (subject to Section 9(j) below). For 12 months following a nonrenewal of this Agreement, Mylan shall also provide to Executive and/or Executive’s dependents the Continuation Benefits; provided, however, that Mylan’s obligation to provide the Continuation Benefits shall end at such time as Executive obtains health insurance benefits through another employer or otherwise in connection with rendering services for a third party and provided, further, that the parties agree to cooperate such that the Continuation Benefits are, to the extent practicable, provided in a manner so as to minimize adverse tax consequences to the Company under Section 4980D of the Code. Executive will continue to be bound by all provisions of this 8 Agreement that survive termination of employment. In the event notice of nonrenewal is provided by Executive pursuant to this Section 9(f), in order to ensure an orderly transition of Executive’s duties and responsibilities, Executive’s separation from the Company shall be no earlier than 90 days following the date on which such notice of nonrenewal is provided to the Company. (g)
Non-Renewal by Executive. The Executive may terminate his employment pursuant to an election not to renew this Agreement as provided under paragraph 1 above. Upon such termination, the Employers shall pay Executive his annual base salary (minus applicable taxes and withholdings) prorated through the date of termination at the rate then in effect at the time of termination (together with the dollar value of any accrued vacation and the amount of any unreimbursed business expenses as of the date of termination) and the Corporation and the Bank shall have no further obligation to the Executive under this Agreement. Upon termination for any reason, the Employers shall pay to Executive the dollar value of any accrued vacation and the amount of any unreimbursed business expenses as of the date of termination.
Non-Renewal by Executive. If Executive’s employment is terminated pursuant to Section 3.1(b), above, if Executive resigns pursuant to Section 3.1(e), above, or if Executive provides the Company with a notice of non-renewal pursuant to Section 1.2, above, Executive shall have no further rights against the Company hereunder, except for the right to receive: (1) any unpaid Base Salary with respect to the period prior to the effective date of termination; and (2) any earned but unpaid bonus due to Executive as of the effective date of termination.
Non-Renewal by Executive. In the event Executive delivers a notice of non-renewal pursuant to Section 1.2 above and as a result terminates his employment, then the Company shall have no further obligation to pay any compensation to Executive beyond the date of termination, except that any then-outstanding but unvested Annual Grants granted for the first two fiscal years of the Initial Term will not terminate but will become exercisable, settled or transferable, as applicable, on the originally scheduled vesting date (subject to any early release for sales as necessary to satisfy the Company’s tax withholding obligations), but any such Annual Grants shall immediately terminate if Executive breaches any of the covenants set forth in Article IV; provided that Executive signs and does not revoke the Release.
