Common use of By the Executive for Good Reason Following a Change of Control Clause in Contracts

By the Executive for Good Reason Following a Change of Control. During the Period of Employment, Executive’s employment hereunder may be terminated by Executive for Good Reason upon written notice to the Company. If: (i) Executive provides written notice to the Company of the occurrence of Good Reason within ninety (90) days after Executive has knowledge of the circumstances constituting Good Reason, which notice shall specifically identify the circumstances which Executive believes constitute Good Reason; (ii) The Company fails to correct the circumstances within thirty (30) days after receiving such notice; and (iii) Executive resigns fifteen (15) days after the Company fails to correct such circumstances; then Executive shall be considered to have terminated for Good Reason for purposes of this Agreement. If Executive's employment is terminated by Executive for Good Reason within twenty four (24) months following a Change of Control, Executive shall receive all of the benefits described in Section 10(f) above, to be paid in the same time and manner under Section 10(f).

Appears in 7 contracts

Samples: Employment Agreement (Federal Home Loan Bank of Des Moines), Employment Agreement (Federal Home Loan Bank of Des Moines), Employment Agreement (Federal Home Loan Bank of Des Moines)

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By the Executive for Good Reason Following a Change of Control. During the Period of Employment, Executive’s employment hereunder may be terminated by Executive for Good Reason upon written notice to the Company. If: (i) Executive provides written notice to the Company of the occurrence of Good Reason within ninety (90) days after Executive has knowledge of the circumstances constituting Good Reason, which notice shall specifically identify the circumstances which Executive believes constitute Good Reason; (ii) The Company fails to correct the circumstances within thirty (30) days after receiving such notice; and (iii) Executive resigns fifteen (15) days after the Company fails to correct such circumstances; then Executive shall be considered to have terminated for Good Reason for purposes of this Agreement. If Executive's employment is terminated by Executive for Good Reason within twenty four (24) months following a Change of Control, Executive shall receive all of the benefits described in Section 10(f10(g) above, to be paid in the same time and manner under Section 10(f10(g).

Appears in 2 contracts

Samples: Employment Agreement (Federal Home Loan Bank of Des Moines), Employment Agreement (Federal Home Loan Bank of Des Moines)

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By the Executive for Good Reason Following a Change of Control. During the Period of Employment, Executive’s employment hereunder may be terminated by Executive for Good Reason upon written notice to the Company. IfCompany if: (i) Executive provides written notice to the Company of the occurrence of Good Reason within ninety (90) days after Executive has knowledge of the circumstances constituting Good Reason, which notice shall specifically identify the circumstances which Executive believes constitute Good Reason; (ii) The Company fails to correct the circumstances within thirty (30) days after receiving such notice; and (iii) Executive resigns fifteen (15) days after the Company fails to correct such circumstances; then Executive shall be considered to have terminated for Good Reason for purposes of this Agreement. If Executive's employment is terminated by Executive for Good Reason within twenty four (24) months following a Change of Control, Executive shall receive all of the benefits described in Section 10(f) above, to be paid in the same time and manner under Section 10(f).

Appears in 1 contract

Samples: Employment Agreement (Federal Home Loan Bank of Des Moines)

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