Common use of Change in Control; Involuntary Separation from Service Clause in Contracts

Change in Control; Involuntary Separation from Service. (i) Notwithstanding any provision herein to the contrary, if the Employee’s employment under this Agreement is terminated by the Company, resulting in a Separation from Service, without the Employee’s prior written consent and for a reason other than Just Cause, in connection with or within twelve (12) months after a Change in Control, as defined in subsection 10(a)(ii), then Employee shall be entitled to receive the Accrued Benefits and the Employee shall also be entitled to receive (subject to subsection 10(a)(ii)) the greater of:

Appears in 4 contracts

Samples: Employment Agreement (First Financial Corp /In/), Employment Agreement (First Financial Corp /In/), Employment Agreement (First Financial Corp /In/)

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Change in Control; Involuntary Separation from Service. (i) Notwithstanding any provision herein to the contrary, if the Employee’s employment under this Agreement is terminated by the Company, resulting in a Separation from Service, without the Employee’s prior written consent and for a reason other than Just Cause, Cause in connection with or within twelve (12) months after a Change in Control, as defined in subsection 10(a)(ii), then then, Employee shall be entitled to receive the Accrued Benefits and the Employee shall also be entitled to receive (subject to subsection 10(a)(ii)) the greater of:

Appears in 1 contract

Samples: Employment Agreement (First Financial Corp /In/)

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