Notice Not to Renew Clause Samples

Notice Not to Renew. If the Company or Employee gives the other a notice not to renew this Agreement under Section 3.1, employment under this Agreement shall terminate at the close of business at the end of the Initial Expiration Date or at the end of the 12-month renewal period in which timely notice not to renew was given, as the case may be. A notice by the Company not to renew shall be considered a notice of termination, resulting in the Company terminating Employee’s employment under this Agreement. Any notice of termination given by the Company to Employee under Section 3.2(a) or (e) above shall specify whether such termination is with or without just cause as defined in Section 3.4. Any notice of termination given by Employee to the Company under Section 3.2(b) above shall specify whether such termination is made with or without Good Reason as defined in Section 4.2(b).

Notice Not to Renew. Either party may give notice of the intention not to extend the Term in writing at least 90 days prior to each such anniversary date. Non-renewal may be without cause, and neither party shall have any claim against the other for non-renewal under this provision of the Agreement.

Notice Not to Renew. If the Company or Employee gives the other a notice not to renew this Agreement under Section 3.1, employment under this Agreement shall terminate at the close of business at the end of the Initial Expiration Date or at the end of the 12-month renewal period in which timely notice not to renew was given. A notice by the Company not to renew shall be considered a notice of termination, resulting in the Company terminating Employee's employment under this Agreement. Any notice of termination given by the Company to Employee under Section 3.2(a) or (e) above shall specify whether such termination is with or without just cause as defined in Section 3.4. Any notice of termination given by Employee to the Company under Section 3.2(b) above shall specify whether such termination is made with or without Good Reason as defined in Section 4.2(b). In the event of any termination of the Employee's employment with the Company, regardless of reason or who initiates termination, the Employee agrees that he will be deemed to have resigned, effective as of the date of the termination of his employment with the Company, from all director, officer, or other positions that he may hold within the Company Group (as defined below), or with any other entity to the extent that he is serving in such capacity for such other entity at the request of the Company Group. Consistent with paragraph, the Employee agrees, to the extent requested by the Company Group, or any other entity, to execute and immediately submit a letter of resignation, or other documentation to that effect, to the Company Group or to such other entity, as applicable.

Notice Not to Renew. If at any time after the thirty-third (33rd) anniversary of the Effective Date, the Contracting Jurisdiction gives written notice to Toledo and to the Regional Water Commission of its election not to renew this Agreement and not to be a party to any extension of this Agreement, then the Contracting Jurisdiction shall not be liable after the forty (40) year Anniversary Expiration Date for payment of that portion of its Proportionate Share of Outstanding Common To All Debt that is incurred after the date the Contracting Jurisdiction gives written notice of its intent not to renew to Toledo. This provision does not relieve the Contracting Jurisdiction from paying any share of Common To All Toledo Water System Debt, regardless of when it was incurred, that is included in the Wholesale Rate charged for Toledo Water supplied and purchased by the Contracting Jurisdiction for the term of this Uniform Water Agreement.