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

Benefits upon a Change in Control Termination. If a Change in Control Termination occurs with respect to Executive, Employer or Executive, as the circumstances indicate, shall provide the other advance written notice of the Date of Termination as provided in Sections 4.1 or 6.1, as appropriate, and Section 5.2 shall apply until the date of the Change in Control Termination. Upon the Change in Control Termination, Executive will be entitled to the benefits described below; provided, however, that to the extent Executive has already received the same type of benefits under this Agreement or otherwise, Executive’s benefits under this Section 6.2 will be offset by these other benefits to the extent necessary to prevent duplication of benefits under this Agreement; and provided further, that Executive executes the Release Agreement in substantially the form attached as Exhibit B to this Agreement and consistent with this Section 6.2.

Appears in 3 contracts

Samples: Executive Employment Agreement (G&k Services Inc), Executive Employment Agreement (G&k Services Inc), Executive Employment Agreement (G&k Services Inc)

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Benefits upon a Change in Control Termination. If a Change in Control Termination occurs with respect to Executive, Employer or Executive, as the circumstances indicate, shall provide the other advance written notice of the Date of Termination as provided in Sections 4.1 or 6.1, as appropriate, and Section 5.2 shall apply until the date of the Change in Control Termination. Upon the Change in Control Termination, Executive will be entitled to the benefits described below; provided, however, that to the extent Executive has already received the same type of benefits under this Agreement or otherwise, Executive’s benefits under this Section 6.2 will be offset by these other benefits to the extent necessary to prevent duplication of benefits under this Agreement; and provided further, that Executive executes the Release Agreement a written release in substantially the a form attached as Exhibit B reasonable satisfactory to this Agreement Employer and consistent with this Section 6.26.2 (CIC Release Agreement).

Appears in 1 contract

Samples: Executive Employment Agreement (G&k Services Inc)

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Benefits upon a Change in Control Termination. If a Change in Control Termination occurs with respect to Executive, Employer or Executive, as the circumstances indicate, shall provide the other advance written notice of the Date of Termination as provided in Sections 4.1 or 6.1, as appropriateSection 5.1, and Section 5.2 6.2 shall apply until the date of the Change in Control Termination. Upon the Change in Control Termination, Executive will be entitled to the benefits described below; provided, however, that to the extent Executive has already received the same type of benefits under this Agreement or otherwise, Executive’s benefits under this Section 6.2 7.2 will be offset by these other benefits to the extent necessary to prevent duplication of benefits under this Agreement; and provided further, that Executive executes the Release Agreement in substantially the form attached as Exhibit B to this Agreement and consistent with this Section 6.27.2, and Executive does not exercise rights to revoke or rescind the release of claims as provided in the Release Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (G&k Services Inc)

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