Buyout Termination. The Company shall give the Executive at least ninety (90) calendar days’ notice of any pending Change in Control. Within thirty (30) calendar days of receiving notice of a pending Change in Control, the Executive shall have the option, in his sole and absolute discretion, to terminate this Agreement by delivering written notice to the Company (“Buy-Out Termination”). A Buy-Out Termination pursuant to this Section 7 shall be effective upon the consummation, or closing, of the transaction(s) that will result in the Change in Control.
Appears in 3 contracts
Samples: Executive Employment Agreement (Black Gaming, LLC), Executive Employment Agreement (Rbg, LLC), Executive Employment Agreement (Black Gaming, LLC)
Buyout Termination. The Company shall give the Executive at least ninety (90) calendar days’ notice of any pending Change in Control. Within thirty (30) calendar days of receiving notice of a pending Change in Control, the Executive shall have the option, in his or her sole and absolute discretion, to terminate this Agreement by delivering written notice to the Company (“Buy-Out Termination”). A Buy-Out Termination pursuant to this Section 7 12 shall be effective upon the consummation, or closing, of the transaction(s) that will result in the Change in Control.
Appears in 2 contracts
Samples: Executive Employment Agreement (Gamma Pharmaceuticals Inc), Executive Employment Agreement (Gamma Pharmaceuticals Inc)
Buyout Termination. The Company shall give the Executive at least ninety (90) calendar days’ notice of any pending Change in Control. Within thirty (30) calendar days of receiving notice of a pending Change in Control, the Executive shall have the option, in his sole and absolute discretion, to terminate this Agreement by delivering written notice to the Company (“Buy-Out Termination”‘). A Buy-Out Termination pursuant to this Section 7 shall be effective upon the consummation, or closing, of the transaction(s) that will result in the Change in Control.
Appears in 1 contract
Samples: Executive Employment Agreement (Oasis Recreational Properties, Inc.)
Buyout Termination. The Company shall give the Executive at least ninety (90) calendar days’ notice of any pending Change in Control. Within thirty (30) calendar days of receiving notice of a pending Change in Control, the Executive shall have the option, in his or her sole and absolute discretion, to terminate this Agreement by delivering written notice to the Company (“Buy-Out Termination”). A Buy-Out Termination Las Vegas 70939v1 pursuant to this Section 7 12 shall be effective upon the consummation, or closing, of the transaction(s) that will result in the Change in Control.
Appears in 1 contract
Samples: Executive Employment Agreement (Gamma Pharmaceuticals Inc)
