Non-Renewal of Agreement. In the event this Agreement is not renewed by the Company as provided in Section 1.3, the Executive shall be entitled to six months of his Base Salary as severance, payable in equal installments on the same terms as at the end of the Employment Term ("Severance Pay").
Appears in 6 contracts
Samples: Employment Agreement (Atlantic Express Transportation Corp), Employment Agreement (Atlantic Express Transportation Corp), Employment Agreement (Atlantic Express Transportation Corp)
Non-Renewal of Agreement. In the event this Agreement is not renewed by the Company as provided in Section 1.3, the Executive shall be entitled to six three (3) months of his Base Salary as severance, payable in equal installments on the same terms as at the end of the Employment Term ("Severance Pay").
Appears in 2 contracts
Samples: Employment Agreement (Proformix Systems Inc), Employment Agreement (Proformix Systems Inc)
Non-Renewal of Agreement. In Subject to Section 4.1.1, in the event this Agreement is not renewed by the Company following the expiration of the initial term as provided in Section 1.3, the Executive shall be entitled to six twelve months of his Base Salary as severance, payable in equal installments on the same terms as at the end of the Employment Term (such severance, "NonRenewal Severance Pay").
Appears in 1 contract
Samples: Employment Agreement (Atlantic Express Transportation Corp)
