Common use of Failure to Renew Clause in Contracts

Failure to Renew. If any party provides written notice to the other parties, at least 30 days prior to a Renewal Date, of their intention not to extend the Term of the Agreement, then: (i) the Term shall not be extended, but (ii) this Agreement and the Executive's employment hereunder shall continue in full force and effect until the expiration of the unextended Term of this Agreement in accordance with the terms hereof, and the rights and obligations of each of the parties hereunder, including the rights and obligations of the parties under Paragraph 2(b ), shall continue unchanged during the remaining Term of this Agreement, despite such failure to renew, except as may be specifically provided otherwise in this Agreement.

Failure to Renew. If any party provides written notice to the other parties, at least 30 days prior to a Renewal Date, of their intention not to extend the Term of the Agreement, then: (i) the Term shall not be extended, but (ii) this Agreement and the Executive's employment hereunder shall continue in full force and effect until the expiration of the unextended Term of this Agreement in accordance with the terms hereof, and the rights and obligations of each of the parties hereunder, including the rights and obligations of the parties under Paragraph 2(b 2(b), shall continue unchanged during the remaining Term of this Agreement, despite such failure to renew, except as may be specifically provided otherwise in this Agreement.

Failure to Renew. If any party provides written notice to the other parties, at least 30 days prior to a Renewal Date, of their intention not to extend the Term of the Agreement, then: (i) the Term shall not be extended, but (ii) this Agreement and the Executive's employment hereunder shall continue in full force and effect until the expiration of the unextended Term of this Agreement in accordance with the terms hereof, and the rights and obligations of each of the parties hereunder, including the rights and obligations of the parties under Paragraph 2(b 2(b), shall continue unchanged during the remaining Term of this Agreement, despite such failure to renew, except as may be specifically provided otherwise in this Agreement.. 2

Failure to Renew. If any party provides written notice to the other parties, at least 30 days prior to a Renewal Date, of their intention not to extend the Term of the Agreement, then: (i) the Term Tenn shall not be extended, but (ii) this Agreement and the Executive's employment hereunder shall continue in full force and effect until the expiration of the unextended Term Tenn of this Agreement in accordance with the terms hereof, and the rights and obligations of each of the parties hereunder, including the rights and obligations of the parties under Paragraph 2(b ), shall continue unchanged during the remaining Term Tenn of this Agreement, despite such failure to renew, except as may be specifically provided otherwise in this Agreement.