Common use of At the end of the Term Clause in Contracts

At the end of the Term. If during the Term either Party provides the other with a written notice of its election not to renew the Agreement and Executive’s employment with the Company is terminated at the end of the Term, the Company shall pay to Executive the Accrued Obligation and the Prior Year Bonus (if not previously paid) within 30 days following the Date of Termination. Following such payments, the Company shall have no further obligations to Executive other than as may be required by law or the terms of an employee benefit plan of the Company. The Company shall pay Executive the Benefit Obligation at the times specified in and in accordance with the terms of the applicable employee benefit plans and compensation arrangements unless otherwise required by law. The Party providing written notice of its election not to renew the Agreement to the other Party shall not have breached this Agreement if such notice is timely provided.

At the end of the Term. If during the Term either Party party provides the other with a written notice of its election not to renew the Agreement and Executive’s employment with the Company is terminated at the end of the Term, the Company shall pay to Executive the Accrued Obligation and the Prior Year Bonus (if not previously paid) within 30 10 days following the Date of Termination. Following such paymentspayment, the Company shall have no further obligations to Executive other than as may be required by law or the terms of an employee benefit plan of the Company. The Company shall pay Executive the Benefit Obligation at the times specified in and in accordance with the terms of the applicable employee benefit plans and compensation arrangements unless otherwise required by law. The Party party providing written notice of its election not to renew the Agreement to the other Party party shall not have breached this Agreement if such notice is timely provided.