Common use of Nonrenewal by the Company Clause in Contracts

Nonrenewal by the Company. If (i) Executive’s employment with the Company and its Affiliates is terminated upon the expiration of the Initial Term or a Renewal Term after the Company has provided Executive with a notice of non-renewal as set forth in Section 4 above, (ii) before the 60th day following Executive’s termination of employment, Executive has signed and has not revoked a Release and such Release has become effective and irrevocable, and (iii) Executive continues to comply with Executive’s ongoing obligations under Sections 9 and 10 of this Agreement, the Company shall pay Executive severance in accordance with Section 7(e).

Appears in 6 contracts

Samples: Employment Agreement, Employment Agreement (SAILFISH ENERGY HOLDINGS Corp), Employment Agreement (SAILFISH ENERGY HOLDINGS Corp)

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