Notice of Non-Renewal. The Company or the Executive may elect not to extend the Executive’s employment under this Agreement by notifying the other party in writing not less than sixty (60) days prior to the expiration of the Initial Term or the Renewal Term. For the purposes of this Agreement, the election by the Company not to extend the Executive’s employment hereunder for the Renewal Term shall be deemed a termination of the Executive’s employment without “Cause,” as hereinafter defined.

Non-Renewal. Notwithstanding anything contained herein, in no event shall the expiration of the Term or the Company’s election not to renew or extend the Term or your employment with the Company constitute a termination of your employment by the Company without Cause or by you for Good Reason. For the avoidance of doubt, nothing contained in this [Section 5(f)] shall preclude or limit the Company’s ability to, in its sole discretion, pay or provide you with severance or termination pay and/or benefits in connection with a termination of your employment upon or following the expiration of the Term or the Company’s election not to renew or extend the Term.

Non-Renewal. For the avoidance of doubt, either party’s provision of written notice to the other party of intent not to renew this Agreement pursuant to Section 1.1, above, shall not be deemed a termination without Cause under Section 3.3, and in such a case, Executive shall be entitled to receive no compensation or benefits from the Company after Executive’s termination date except as otherwise provided in this paragraph, under law, or the terms of any employee benefit plans in which Executive participates. Notwithstanding the foregoing, in the event the Company elects not to renew the Agreement and Executive is terminated without Cause (to include a qualifying voluntary resignation due to material diminution of Employee’s authority duties or responsibilities, as set forth in Section 3.3) within twelve (12) months immediately following the end of the Employment Term, as defined in this Agreement, then during the remaining period of vesting, Company shall treat Employee as if he/she were a continuing employee for purposes of applying the age and vesting provisions of all unvested performance or non-performance based equity awards, measured from the date of Employee’s termination of employment, subject to the requirements set forth in Section 3.6. For the avoidance of doubt, the vesting and delivery of any such awards that are earned by Employee as a result of such continued vesting credit shall occur at the normally scheduled vesting date as specified in the underlying equity award agreement.

Non-Renewal of Agreement. Employer’s non-renewal of this Agreement, and/or failure to offer Executive continued employment following the expiration of the Term shall not be deemed a termination without Cause and shall be subject to Section 13.

Expiration and Non-Renewal. Subject to [Sections 6 and 7]7], if the Term of this Agreement expires due to Silvercrest electing not to renew the Term in accordance with [Section 2], and Silvercrest does not offer you continued employment in the same or a substantially similar position as, or in a higher position than, your position on the date of the expiration of the Term, and at a compensation level that is the same or substantially similar to that in effect on the date of the expiration of the Term, you shall be entitled to resign from employment with Silvercrest as of the end of the Term by written notice given not later than the end of the Term, and such resignation shall be treated as a resignation for Good Reason under [Section 5(d)]. If you elect not to resign at or before the end of the Term, and instead continue employment with Silvercrest after the end of the Term, and if, after the end of the Term, Silvercrest terminates your employment without Cause or you terminate your employment for Good Reason, you shall be entitled to a cash amount equal to the sum of your Base Salary and the Average Bonus, paid in substantially equal installments over twelve (12) months following your Termination Date, and subject to compliance with the terms and restrictions that would have applied under [Sections 6 and 7]7] for a termination during the Term.

Non-Renewal. As to the building located at 8807 W. Sam Houston Parkway N., Houston, Texas 77040, Seller agrees, to the extent Seller has the right to approve a renewal or extension, to not renew or extend the existing leases beyond the current term.

Non-Renewal. For the avoidance of doubt, either party’s provision of written notice to the other party of intent not to renew this Agreement and the subsequent termination of the Agreement by expiration pursuant to Section 1.1, above, shall not be deemed a termination without Cause under Section 3.3, and in such a case, Executive shall be entitled to receive no compensation or benefits from the Company after expiration of this Agreement in accordance with its terms, except as otherwise provided in this paragraph, under law, or the terms of any employee benefit plans in which Executive participates. Notwithstanding the foregoing, in the event the Company elects not to renew the Agreement and Executive’s employment is terminated without Cause (or Executive terminates his/her employment for Good Reason, as set forth in Section 3.3) within twelve (12) months immediately following the end of the Employment Term, as defined in this Agreement, then during the remaining period of vesting associated with any outstanding equity awards, the Company shall treat Executive as if he/she were a continuing employee for purposes of applying the vesting provisions of all unvested performance or non-performance based equity awards, measured from the date of Executive’s termination of employment, subject to the requirements set forth in [Section 3.6]. For the avoidance of doubt, the vesting and delivery of any such awards that are earned by Executive as a result of such continued vesting credit shall occur at the normally scheduled vesting date as specified in the underlying equity award agreement.

Non-Renewal. Notwithstanding anything contained herein, in no event shall the expiration of the Term or the Company’s election not to renew or extend the Term or your employment with the Company constitute a termination of your employment by the Company without Cause or by you for Good Reason. For the avoidance of doubt, nothing contained in this Section 5(f) shall preclude or limit the Company’s ability to, in its sole discretion, pay or provide you with severance or termination pay and/or benefits in connection with a termination of your employment upon or following the expiration of the Term or the Company’s election not to renew or extend the Term.

Non-Renewal of Agreement. For the avoidance of doubt, the Parties expressly acknowledge and agree that the election by a Party to not renew or extend this Agreement pursuant to Section 3 shall not give rise to any severance or other payment to Executive under this Agreement.

Non-Renewal. In the event that at any time during the Term (as it may be extended) the Company notifies Executive of its intent not to renew this Agreement pursuant to Section 2(b) hereof, and Executive then delivers a Notice of Resignation to the Company within ninety (90) days of receipt of such notice of non-renewal, Executive shall be entitled to receive the following, subject to Section 24 hereof, but only if, with respect to the payments and benefits described in [clauses (ii) through (v)], within 45 days after the Date of Termination, Executive shall have executed the Release and not revoked the Release within the time specified therein: # the Accrued Obligations, payable no later than thirty (30) days after the Date of Termination, # continuation of his Base Salary for a period of one (1) year after the Date of Termination, # continuation of Health Benefits for a period of one (1) year after the Date of Termination, # continuation of Welfare Benefits for a period of one (1) year after the Date of Termination, and # an amount equal to his Average Bonus Compensation (as hereafter defined), payable in accordance with Section 10(j).