Common use of Basic Benefits Clause in Contracts

Basic Benefits. If (x) on or before the second anniversary of the Change of Control Date (i) the Company terminates the Executive’s employment for any reason other than for Cause or Disability or (ii) the Executive voluntarily terminates his employment for Good Reason at any time on or before the second anniversary of the Change of Control Date or (y) if the Executive voluntarily terminates his employment, with or without Good Reason, at any time within the 60 day period beginning on the 181st day following the Change of Control Date, then the Company shall pay the Executive the following amounts:

Appears in 2 contracts

Samples: Employment Protection Agreement (Landstar System Inc), Employment Protection Agreement (Landstar System Inc)

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Basic Benefits. If (x) on or before the second anniversary of the Change of Control Date (i) the Company terminates the Executive’s 's employment for any reason other than for Cause or Disability or (ii) the Executive voluntarily terminates his employment for Good Reason at any time on or before the second anniversary of the Change of Control Date or (y) if the Executive voluntarily terminates his employment, with or without Good Reason, at any time within the 60 day period beginning on the 181st day following the Change of Control Date, then the Company shall pay the Executive the following amounts:

Appears in 1 contract

Samples: Employment Protection Agreement (Landstar System Inc)

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Basic Benefits. If (x) on or before the second anniversary of the Change of in Control Date (i) the Company terminates the Executive’s employment for any reason other than for Cause or Disability or (ii) the Executive voluntarily terminates his employment for Good Reason at any time on or before the second anniversary of the Change of Control Date or (y) if the Executive’s employment is terminated by the Company for any reason other than death, Disability or Cause or by the Executive voluntarily terminates his employment, with or without for Good Reason, at any time within after the 60 day period beginning on execution of a Definitive Agreement but prior to the 181st day following consummation thereof and the Change of Control Datetransaction contemplated by such Definitive Agreement are consummated, then the Company shall pay to the Executive the following amounts:

Appears in 1 contract

Samples: Employment Protection Agreement (Landstar System Inc)

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