Common use of Benefits upon a Change in Control Termination Clause in Contracts

Benefits upon a Change in Control Termination. The Executive will become entitled to the benefits described in this Section 2 if and only if (i) Fargo or any Successor terminates the Executive’s employment for any reason other than the Executive’s death or Cause, or the Executive terminates the Executive’s employment with the Successor for Good Reason, and (ii) the termination is within 12 months after the date of the Change in Control (or before the Change in Control if at the request of or required by the Successor related to the change in control.

Appears in 4 contracts

Samples: Officers Agreement (Fargo Electronics Inc), Officers Agreement (Fargo Electronics Inc), Direct Reports Agreement (Fargo Electronics Inc)

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Benefits upon a Change in Control Termination. The Executive will become entitled to the benefits described in this Section 2 if and only if (i) Fargo or any Successor terminates the Executive’s 's employment for any reason other than the Executive’s 's death or Cause, or the Executive terminates the Executive’s 's employment with the Successor for Good Reason, and (ii) the termination is within 12 months after the date of the Change in Control (or before the Change in Control if at the request of or required by the Successor related to the change in control.

Appears in 2 contracts

Samples: Direct Reports Agreement (Fargo Electronics Inc), Management Agreement (Fargo Electronics Inc)

Benefits upon a Change in Control Termination. The Executive will become entitled to the benefits described in this Section 2 3 if and only if (i) Fargo or any Successor terminates the Executive’s employment for any reason other than the Executive’s death or Cause, or the Executive terminates the Executive’s employment with the Successor for Good Reason, and (ii) the termination is within 12 months after the date of the Change in Control or (or iii) before the Change in Control if at the request of or required by the Successor related to the change in control.

Appears in 1 contract

Samples: Officers Agreement (Fargo Electronics Inc)

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Benefits upon a Change in Control Termination. The Executive will become entitled to the benefits described in this Section 2 if and only if (i) Fargo or any the Successor terminates the Executive’s employment for any reason other than the Executive’s death or Cause, or the Executive terminates the Executive’s employment with the Successor for Good Reason, and (ii) the termination is within 12 18 months after the date of the Change in Control (or before the Change in Control if at the request of or required by the Successor related to the change in control.

Appears in 1 contract

Samples: Direct Reports Agreement (Fargo Electronics Inc)

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