Common use of Nonrenewal Termination Clause in Contracts

Nonrenewal Termination. If the Employee’s employment continues until the expiration of the Term, upon the expiration of the Term if not otherwise renewed by the mutual agreement of the parties and the Employee’s employment terminates within 30 days following the expiration of the Term, the termination shall be considered a (“Nonrenewal Termination”). If the Company offers the Employee a renewed agreement that is substantially similar to the agreements of similarly situated Executives and the Employee declines to accept such new agreement, then the Employee will not be eligible for any payment for Nonrenewal under Section 9(c). In the event of a Nonrenewal Termination with payments due under section 9(c), any unvested shares of PRA common stock awarded pursuant to Section 4 shall continue to vest through March 31, 2015 (based on actual company performance).

Nonrenewal Termination. If the Employee’s 's employment continues until the expiration of the Term, upon the expiration of the Term if not otherwise renewed by the mutual agreement of the parties and the Employee’s 's employment terminates within 30 days following the expiration of the Term, the termination shall be considered a (“"Nonrenewal Termination”"). If the Company offers the Employee a renewed agreement that is substantially similar to the agreements of similarly situated Executives and the Employee declines to accept such new agreement, then the Employee will not be eligible for any payment for Nonrenewal under Section 9(c). In the event of a Nonrenewal Termination with payments due under section 9(c), any unvested shares of PRA common stock awarded pursuant to Section 4 shall continue to vest through March 31, 2015 2018 (based on actual company performance).

Nonrenewal Termination. If the Employee’s 's employment continues until the expiration of the Term, upon the expiration of the Term if not otherwise renewed by the mutual agreement of the parties and the Employee’s 's employment terminates within 30 days following the expiration of the Term, the termination shall be considered a (“"Nonrenewal Termination”"). If the Company offers the Employee a renewed agreement that is substantially similar to the agreements of similarly situated Executives and the Employee declines to accept such new agreement, then the Employee will not be eligible for any payment for Nonrenewal under Section 9(c). In the event of a Nonrenewal Termination with payments due under section 9(c), any unvested shares of PRA the Company’s common stock awarded pursuant to Section 4 shall continue to vest through March 31, 2015 2018 (based on actual company performance).