Non-Renewal. Either party may notify the other of his or its intent not to renew this Agreement at least 60 days prior to the expiration of the Term, which shall be treated as a termination without Cause if such notice is given by the Company and the Company does not concurrently waive the Executive’s obligations under Section 2 of the Agreement Not to Compete, or a resignation without Good Reason if such notice is given by the Executive.
Appears in 11 contracts
Samples: Employment Agreement (STR Holdings (New) LLC), Employment Agreement (STR Holdings (New) LLC), Employment Agreement (STR Holdings LLC)
Non-Renewal. Either party may notify This Agreement and the Executive’s employment shall terminate at a Term Date if either the Executive or the Company notifies the other party of his or its non-renewal of this Agreement not later than sixty (60) days prior to such Term Date by providing written notice to the other party of such party’s intent not to renew renew. The written notice and non-renewal of this Agreement at least 60 days prior shall not be an event giving rise to any severance or other payments hereunder or any liability of one Party to the expiration of the Term, which shall be treated as a termination without Cause if such notice is given by the Company and the Company does not concurrently waive the Executive’s obligations under Section 2 of the Agreement Not to Compete, or a resignation without Good Reason if such notice is given by the Executiveother Party.
Appears in 5 contracts
Samples: Employment Agreement (ARC Properties Operating Partnership, L.P.), Employment Agreement (ARC Properties Operating Partnership, L.P.), Employment Agreement (American Realty Capital Properties, Inc.)
Non-Renewal. Either party may notify the other of his or its intent not to renew this Agreement at least 60 90 days prior to the expiration of the Term, which shall be treated as a termination without Cause if such notice is given by the Company and the Company does not concurrently waive the Executive’s obligations under Section 2 of the Agreement Not to Compete, or a resignation without Good Reason if such notice is given by the Executive.
Appears in 4 contracts
Samples: Employment Agreement (STR Holdings, Inc.), Employment Agreement (STR Holdings (New) LLC), Employment Agreement (STR Holdings, Inc.)
Non-Renewal. Either party may notify This Agreement and the Executive’s employment shall terminate at a Term Date if either the Executive or the Company notifies the other party of his or its non-renewal of this Agreement not later than sixty (60) days prior to such Term Date by providing written notice to the other party of such party’s intent not to renew this Agreement at least 60 days prior to the expiration of the Term, which shall be treated as a termination without Cause if such notice is given by the Company and the Company does not concurrently waive the Executive’s obligations under Section 2 of the Agreement Not to Compete, or a resignation without Good Reason if such notice is given by the Executive(“Non-renewal”).
Appears in 3 contracts
Samples: Employment Agreement (Global Net Lease, Inc.), Employment Agreement (Global Net Lease, Inc.), Employment Agreement (Global Net Lease, Inc.)
Non-Renewal. Either party may notify the other of his or its intent not to renew this Agreement at least 60 90 days prior to the expiration of the Term, which shall be treated as a termination without Cause if such notice is given by the Company and the Company does not concurrently waive the Executive’s obligations under Section 2 of the Agreement Not to Compete, or a resignation without Good Reason if such notice is given by the ExecutiveCompany.
Appears in 1 contract
