Change in Control Termination Payments. (a) The Executive will be entitled to the compensation set forth in Section 9(b) hereof (the “CIC Compensation”) if his employment is terminated within two years after a Change in Control (i) by the Company without Cause or (ii) by the Executive for any reason whatsoever (in either case, a "CIC Trigger").
Appears in 7 contracts
Samples: Executive Employment Agreement (Dnaprint Genomics Inc), Executive Employment Agreement (Dnaprint Genomics Inc), Executive Employment Agreement (Dnaprint Genomics Inc)
Change in Control Termination Payments. (a) The Executive will be entitled to the compensation set forth in Section 9(bParagraph 7(b) hereof (the “CIC Compensation”) if his employment is terminated within two years after a Change in Control (i) by the Company without Cause or (ii) by the Executive for any reason whatsoever (in either case, a "“CIC Trigger"”). Notwithstanding the foregoing, Executive will not be entitled to CIC Compensation in the event of a termination of his employment following a Change in Control on account of his Death, Disability, or termination by him pursuant to Paragraph 5(a)(iv).
Appears in 2 contracts
Samples: Employment Agreement (Ablest Inc), Employment Agreement (Ablest Inc)
Change in Control Termination Payments. (a) The Executive will be entitled to the compensation set forth in Section Paragraph 9(b) hereof (the “"CIC Compensation”") if his employment is terminated within two years after a Change in Control (i) by the Company without Cause Cause, or (ii) by the Executive for any reason whatsoever him with Good Reason (in either case, a the "CIC Trigger"). Notwithstanding the foregoing, Executive will not be entitled to CIC Compensation in the event of a termination of his employment on account of: (i) Death or Disability; (ii) Retirement; or (iii) a Qualified Sale of Business.
Appears in 1 contract
Samples: Employment Agreement (Ablest Inc)
Change in Control Termination Payments. (ao) The Executive will be entitled to the compensation set forth in Section Paragraph 9(b) hereof (the “"CIC Compensation”") if his employment is terminated within two years after a Change in Control (i) by the Company without Cause Cause, or (ii) by the Executive for any reason whatsoever him with Good Reason (in either case, a the "CIC Trigger"). Notwithstanding the foregoing, Executive will not be entitled to CIC Compensation in the event of a termination of his employment on account of: (i) Death or Disability; (ii) Retirement; or (iii) a Qualified Sale of Business.
Appears in 1 contract
Samples: Employment Agreement (Ablest Inc)