Non-Renewal. If the Company does not extend or renew this Agreement at the end of the Contract Period and you have not entered into a new contractual relationship with the Company, your continuing employment, if any, with the Company shall be “at-will” and may be terminated at any time by either party. If the Company terminates your employment during the one (1) year period commencing with the last day of the Contract Period while you are an employee at-will, the Company shall continue to pay your Salary (at the rate in effect on the date of termination) at the same time and in the same manner as if you had not terminated employment for the balance, if any, of such one (1) year period; provided, however, that # you shall not be entitled to such Salary continuation if the Company terminates your employment for reasons constituting Cause and # any such Salary continuation shall be subject to offset as set forth in [Section 11(d)] above, without giving effect to the one (1) year period referenced therein.
Non-Renewal. If the Company does not extend or renew this Agreement at the end of the Contract Period and you have not entered into a new contractual relationship with the Company, your continuing employment, if any, with the Company shall be “at-will” and may be terminated at any time by either party. If the Company terminates your employment during the twelve (12) month period commencing with the last day of the Contract Period while you are an employee at-will, the Company shall continue to pay your Salary (at the rate in effect on the date of termination) at the same time and in the same manner as if you had not terminated employment for the balance, if any, of such twelve (12) month period; provided, however, that # you shall not be entitled to such Salary continuation if the Company terminates your employment for reasons constituting Cause and # any such Salary continuation shall be subject to offset as set forth in [Section 11(d)] above, without giving effect to the twelve (12) month period referenced therein.
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