Renewal by the Company Sample Clauses

Renewal by the Company. Subject at all times to sections "4.3" and "4.4" hereinbelow, this Agreement shall renew automatically if not specifically terminated in accordance with the following provisions. The Company agrees to notify the Manager in writing at least 30 calendar days prior to the end of the Initial Term of its intent not to renew this Agreement (the "Company's Non-Renewal Notice"). Should the Company fail to provide a Company's Non-Renewal Notice this Agreement shall automatically renew and revert to a further 12-month arrangement until otherwise specifically renewed in writing by each of the Parties hereto for the next consecutive 12-month period or, otherwise, terminated upon delivery by the Company of a corresponding and follow-up 30-day Company's Non-Renewal Notice in connection with and within 30 calendar days prior to the end of any such 12-month renewal period. Such renewal or year-to-year arrangement shall be, subject to adjustment in accordance with section "5.2" hereinbelow, on the same terms and conditions contained herein unless modified and agreed to in writing by the Parties.
Sample 1See All (6)
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Renewal by the Company. If the Company elects not to renew the Term by providing the appropriate Notice of Termination to the Executive prior to the expiration of the Third Term or any Renewal Term(s) thereafter as set forth in Section 1 (the “Non-Renewal”), and therefore Executive’s employment is terminated by reason of expiration of the Term, the Company, except as provided in Sections 9 and 13, shall pay to the Executive a severance amount in cash on the last day of the month of the month following the last day of the Term equal to two (2) times the Executive’s Base Salary. Additionally, upon the Non-Renewal by the Company, all Restricted Stock which has been granted but has not otherwise become vested and unrestricted shall become vested and unrestricted on the expiration of the Term, and Executive shall be entitled to receive any amount of Annual Incentive Award that had previously been deferred as provided in Section 4(b).
Sample 1
Renewal by the Company. Subject at all times to sections “3.3” and “3.4” hereinbelow, this Agreement shall automatically terminate upon the expiration of the Initial Term, or unless otherwise agreed to in writing by the Parties to this Agreement, whereby any such renewal thereafter agreed upon shall occur on a month by month basis and on the same terms and conditions contained herein unless modified and agreed to in writing by the Parties.
Sample 1
Renewal by the Company. If the Company elects not to renew the Term by providing the appropriate notice to the Executive prior to the expiration of the Second Term or any Renewal Terms thereafter as set forth in Section 1 (the "Non-Renewal by the Company"), and therefore Executive's employment is terminated by reason of expiration of the Term, the Company shall pay to the Executive a severance amount equal to a full year of the Executive's Base Salary at the expiration of the Term (the "Non-Renewal Severance Amount"). Except as provided in Section 12, the Non-Renewal Severance Amount shall be paid to the Executive over a twelve-month period in equal monthly installments on the last day of each month beginning in the month following the expiration of the Term. Additionally, upon the Non-Renewal by the Company (i) all Restricted Stock which has been granted but has not otherwise become vested and unrestricted shall become vested and unrestricted immediately on the expiration of the Term and (ii) except as provided in Section 12, the Company shall pay Executive an amount in cash on the last day of the month of the month following the expiration of the Term equal to any Earned LT Bonus.
Sample 1

Related to Renewal by the Company

  • Release by the Company (a) The Company on behalf of itself, its agents, successors, affiliated entities and assigns, in consideration for the Executive’s execution and delivery of this Release, hereby forever releases and discharges the Executive, and his agents, heirs, successors, assigns, executors and administrators, from any and all known and unknown causes of action, actions, judgments, liens, indebtedness, damages, losses, claims, liabilities, and demands of whatsoever kind and character in any manner whatsoever arising on or prior to the date of this Release, including but not limited to (i) any claim for breach of contract, breach of implied covenant, breach of oral or written promise, defamation, interference with contract relations or prospective economic advantage, negligence, misrepresentation; (ii) any and all liability that was or may have been alleged against or imputed to the Executive by the Company or by anyone acting on its behalf; (iii) any punitive, compensatory or liquidated damages; and (iv) all rights to and claims for attorneys’ fees and costs except as otherwise provided in his amended and restated employment agreement with the Company dated December [__], 2008 (the “Employment Agreement”).

  • Waiver by the Company The Company irrevocably waives acceptance hereof, presentment, demand, protest and any notice not provided for herein, as well as any requirement that at any time any action be taken by any Person against any Eligible Subsidiary or any other Person.

  • Notice by the Company The Company shall give prompt written notice to a Responsible Officer of the Trustee at the Principal Office of the Trustee of any fact known to the Company that would prohibit the making of any payment of monies to or by the Trustee in respect of the Debentures pursuant to the provisions of this Article XV. Notwithstanding the provisions of this Article XV or any other provision of this Indenture, the Trustee shall not be charged with knowledge of the existence of any facts that would prohibit the making of any payment of monies to or by the Trustee in respect of the Debentures pursuant to the provisions of this Article XV, unless and until a Responsible Officer of the Trustee at the Principal Office of the Trustee shall have received written notice thereof from the Company or a holder or holders of Senior Indebtedness or from any trustee therefor; and before the receipt of any such written notice, the Trustee, subject to the provisions of Article VI of this Indenture, shall be entitled in all respects to assume that no such facts exist; provided, however, that if the Trustee shall not have received the notice provided for in this Section at least 2 Business Days prior to the date upon which by the terms hereof any money may become payable for any purpose (including, without limitation, the payment of the principal of (or premium, if any) or interest on any Debenture), then, anything herein contained to the contrary notwithstanding, the Trustee shall have full power and authority to receive such money and to apply the same to the purposes for which they were received, and shall not be affected by any notice to the contrary that may be received by it within 2 Business Days prior to such date. The Trustee, subject to the provisions of Article VI of this Indenture, shall be entitled to conclusively rely on the delivery to it of a written notice by a Person representing himself to be a holder of Senior Indebtedness (or a trustee or representative on behalf of such holder), to establish that such notice has been given by a holder of such Senior Indebtedness or a trustee or representative on behalf of any such holder or holders. In the event that the Trustee determines in good faith that further evidence is required with respect to the right of any Person as a holder of such Senior Indebtedness to participate in any payment or distribution pursuant to this Article XV, the Trustee may request such Person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of such Senior Indebtedness held by such Person, the extent to which such Person is entitled to participate in such payment or distribution and any other facts pertinent to the rights of such Person under this Article XV, and, if such evidence is not furnished, the Trustee may defer any payment to such Person pending judicial determination as to the right of such Person to receive such payment.

  • Termination by the Company This Agreement may be terminated by the Company at any time prior to the Effective Time:

  • Cooperation by the Company If any Shareholder shall transfer any Registrable Securities pursuant to Rule 144, the Company shall cooperate, to the extent commercially reasonable, with such Shareholder and shall provide to such Shareholder such information as such Shareholder shall reasonably request.

  • Indemnity by the Company The Company hereby agrees to indemnify and hold harmless Consultant and each person and affiliate associated with Consultant against any and all losses, claims, damages, liabilities and expenses (including reasonable costs of investigation and legal counsel fees), and in addition to any liability the Company may otherwise have, arising out of, related to or based upon any violation of law, rule or regulation by the Company or the Company's agents, employees, representatives or affiliates.

  • For Cause by the Company The Company may terminate Executive’s employment for “Cause” at any time prior to the expiration of the Term effective immediately upon delivery of written notice to Executive. For purposes of this Agreement, “Cause” shall mean:

  • Acceptance by the Company It is understood that this subscription is not binding on the Company until the Company accepts it, which acceptance is at the sole discretion of the Company and shall be noted by execution of this Agreement by the Company where indicated.

  • Other Termination by the Company If the Company terminates Executive's employment without Cause before this Agreement terminates, or Executive terminates his employment for Good Reason (defined below), the Company will pay Executive for the remainder of the Term the compensation and other benefits he would have been entitled to if his employment had not terminated.

  • Delivery by the Company At the Closing, the Company shall register the Shares in the name of the Employee. If the Shares are certificated, any certificates relating to the Shares shall be held by the Secretary of the Company or his or her designee on behalf of the Employee.

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