Non-Extension Notice definition
Examples of Non-Extension Notice in a sentence
Each Letter of Credit shall expire at or prior to the close of business on the earlier of (i) the date one year after the date of the issuance of such Letter of Credit (provided that each Letter of Credit shall contain “evergreen” provisions for the renewal or extension thereof to a date not later than one year after the then current expiry date thereof) or (ii) the first anniversary of the Commitment Termination Date with a properly executed Non-Extension Notice.
If either party elects not to extend the Period of Employment pursuant to Section 3, unless Executive’s employment is earlier terminated pursuant to Sections 6, 7 or 8, termination of Executive’s employment hereunder shall be deemed to occur on the close of business on the day immediately preceding the anniversary of the next Extension Date following the delivery of the Non-Extension Notice pursuant to Section 3.
A Non-Extension Notice by Executive shall be considered a termination without Good Reason.
A Non-Extension Notice by the Company shall be considered a termination without Cause.
A Non-Extension Notice by the Executive shall constitute a Notice of Termination by the Executive of the Executive's employment without "Good Reason" (as defined in Section 4(c)).