Common use of Change of Control or Liquidation Clause in Contracts

Change of Control or Liquidation. In the event Employee is terminated on or within one year following a Change of Control of Employer or a Change of Control of Company, Employee shall be entitled to severance payments as set forth in Section 5.2. In addition, pursuant to the terms of the LTIP and the applicable awards, upon a Change of Control of Company or Employer all outstanding awards (including, without limitation, those specified in Section 4.3 above) shall automatically vest or become exercisable, as the case may be.

Appears in 4 contracts

Samples: Employment Agreement (Copano Energy, L.L.C.), Employment Agreement (Copano Energy, L.L.C.), Employment Agreement (Copano Energy, L.L.C.)

AutoNDA by SimpleDocs

Change of Control or Liquidation. In the event Employee is terminated on or within one year following a Change of Control of Employer ScissorTail or a Change of Control of Company, Employee shall be entitled to severance payments as set forth in Section 5.2. In addition, pursuant to the terms of the LTIP and the applicable awards, upon a Change of Control of Company or Employer ScissorTail all outstanding awards (including, without limitation, those specified in Section 4.3 above) shall automatically vest or become exercisable, as the case may be.

Appears in 1 contract

Samples: Employment Agreement (Copano Energy, L.L.C.)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.