Common use of Termination of the Term Clause in Contracts

Termination of the Term. If Executive’s employment terminates pursuant to written notice by the Company of its intention not to renew the term as provided in Section 5, then Executive shall be entitled to the payments set forth in 7(c) above.

Appears in 2 contracts

Samples: Employment Agreement (Aerojet Rocketdyne Holdings, Inc.), Employment Agreement (Aerojet Rocketdyne Holdings, Inc.)

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Termination of the Term. If Executive’s employment terminates pursuant to written notice by on the Company expiration of its intention not to renew the term Term as provided in Section 5, then Executive shall be entitled to the payments set forth in 7(c) aboveAccrued Obligations and the Accrued Bonus, if any.

Appears in 2 contracts

Samples: Transition and General Release Agreement (Aerojet Rocketdyne Holdings, Inc.), Employment Agreement (Gencorp Inc)

Termination of the Term. If Executive’s employment terminates pursuant to written notice by on the Company expiration of its intention not to renew the term Term as provided in Section 5, and the Executive is age 65 or older on the date of expiration of the Term, then Executive shall only be entitled to the payments set forth in 7(c) aboveAccrued Obligations.

Appears in 1 contract

Samples: Employment Agreement (Sl Industries Inc)

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Termination of the Term. If Executive’s employment terminates pursuant to written notice upon non-extension of the Term by the Company of its intention not to renew the term Board as provided in Section 56(c), then Executive shall be entitled to the payments set forth in 7(c) aboveAccrued Obligations, if any.

Appears in 1 contract

Samples: Employment Agreement (Forward Industries Inc)

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