Common use of Certain Other Terms Clause in Contracts

Certain Other Terms. In the event that the Company announces that it has signed a definitive agreement with respect to a Change of Control or any potential acquirer has publicly announced its intent to consummate a Change of Control with respect to the Company, the provisions of this Section 9 shall continue to apply to Executive if, during the period after the public announcement and immediately preceding the date such transaction is consummated or terminated, the Company terminates Executive’s employment without Cause; provided, however, that, in such event, any amount payable under this Section 9 shall be reduced by any payments received pursuant to Section 4.

Appears in 9 contracts

Samples: Executive Agreement (Penn National Gaming Inc), Executive Agreement (Penn National Gaming Inc), Executive Agreement (Penn National Gaming Inc)

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Certain Other Terms. In the event that the Company announces that it has signed a definitive agreement with respect to a Change of Control or any potential acquirer has publicly announced its intent to consummate a Change of Control with respect to the Company, the provisions of this Section 9 10 shall continue to apply to Executive if, during the period after the public announcement and immediately preceding the date such transaction is consummated or terminated, the Company terminates Executive’s employment without Cause; provided, however, that, in such event, any amount payable under this Section 9 10 shall be reduced by any payments received pursuant to Section 45.

Appears in 4 contracts

Samples: Executive Agreement (Penn National Gaming Inc), Executive Agreement (Penn National Gaming Inc), Executive Agreement (Penn National Gaming Inc)

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