Common use of Change of Control Employment Period Clause in Contracts

Change of Control Employment Period. The Company hereby agrees to continue the Executive in its employ, and the Executive hereby agrees to remain in the employ of the Company, in accordance with the terms and provisions of this Agreement, for the period commencing on the Effective Date and ending (subject to the terms hereof) on the day following the first anniversary of such date (the "Change of Control Employment Period"); provided, however, that the Change of Control Employment Period shall be automatically extended upon its expiration for successive periods of one (1) month each, in full accordance with the terms and provisions of this Agreement.

Appears in 8 contracts

Samples: Employment Agreement (Microfinancial Inc), Employment Agreement (Microfinancial Inc), Employment Agreement (Microfinancial Inc)

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Change of Control Employment Period. The Company hereby agrees to continue the Executive in its employ, and the Executive hereby agrees to remain in the employ of the Company, in accordance with the terms and provisions of this Agreement, for the period commencing on the Effective Date and ending (subject to the terms hereof) on the day following the first anniversary of such date (the "β€œChange of Control Employment Period"”); provided, however, that the Change of Control Employment Period shall be automatically extended upon its expiration for successive periods of one (1) month each, in full accordance with the terms and provisions of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Microfinancial Inc), Employment Agreement (Microfinancial Inc)

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Change of Control Employment Period. The Company Employer hereby agrees to continue the Executive in its employ, and the Executive hereby agrees to remain in the employ of the CompanyEmployer, in accordance with the terms and provisions of this Agreement, for the period commencing on the Effective Change of Control Date and ending (subject to the terms hereof) on the day following later of December 31, 2004 or the first third anniversary of such date (the "Change of Control Employment Period"); provided, however, that the Change of Control Employment Period shall be automatically extended upon its expiration for successive periods of one (1) month each, in full accordance with the terms and provisions of this Agreement.

Appears in 1 contract

Samples: Executive Employment Agreement (Greka Energy Corp)

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