Common use of After a Change in Control Clause in Contracts

After a Change in Control. If a Change in Control occurs, the Corporation may not provide notice of termination of this Agreement under Paragraph (1) above within the two-year period after the Change In Control. In other words, in this case, the effective date of the termination of the Agreement may be no earlier than three years after the Change in Control. For all purposes under this Agreement, the term "Corporation" shall include any successor to the Corporation's business and/or assets that executes and delivers the assumption agreement described in Subsection 16(a) of this Agreement or that becomes bound by this Agreement by operation of law. A termination of this Agreement pursuant to this Subsection (f) shall be effective for all purposes at the end of the notice period, except that such termination shall not effect the payment or provision of compensation or benefits under this Agreement on account of a termination of employment occurring prior to the termination of this Agreement.

After a Change in Control. If a Change in Control occurs, the Corporation may not provide notice of termination of this Agreement under Paragraph (1) above within the two-year period after the Change In Control. In other words, in this case, the effective date of the termination of the Agreement may be no earlier than three years after the Change in Control. For all purposes under this Agreement, the term "Corporation" shall include any successor to the Corporation's business and/or assets that executes and delivers the assumption agreement described in Subsection 16(a18(a) of this Agreement or that becomes bound by this Agreement by operation of law. A termination of this Agreement pursuant to this Subsection (f) shall be effective for all purposes at the end of the notice period, except that such termination shall not effect the payment or provision of compensation or benefits under this Agreement on account of a termination of employment occurring prior to the termination of this Agreement.