NonExtension Event

NonExtension Event. Shall mean any termination of the Term of Employment resulting from an election by the Company not to extend the Term of Employment, provided that Executive has delivered to the Company, within 30 days of receipt by Executive of written notice from the Company to the effect that the Company intends to allow the Term of Employment to expire, a notice to the effect that Executive is willing to have the Term of Employment extended on the terms set forth in this Agreement as then in effect.