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Common use of Agreement to Provide Services Clause in Contracts

Agreement to Provide Services. In the event that (i) a Person commences a tender offer to become the beneficial owner, directly or indirectly, of securities of DPL or DP&L representing fifteen percent (15%) or more of the combined voting power of the then outstanding securities of DPL or DP&L, as the case may be, or (ii) a Change of Control occurs consisting of the entering into of an agreement referred to in item (ii) or (iii) of paragraph 2 above, you agree that you will perform services for the Company and that you will not voluntarily terminate your employment with the Company until the first to occur of the following: (i) the abandonment or termination of such tender offer or the transaction that is the subject of the agreement; or (ii) the occurrence of a Change of Control (other than the commencement of the tender offer or the entering into of an agreement referred to in item (ii) or (iii) of paragraph 2 above).

Appears in 5 contracts

Samples: Employment Agreement (DPL Inc), Employment Agreement (DPL Inc), Employment Agreement (DPL Inc)