Common use of Change of Control Provision Clause in Contracts

Change of Control Provision. If upon a Change of Control, Executive is not offered the President position of the combined corporation (or other business organization) resulting from such Change of Control, (i) a Severance Package approved by current Board of Directors prior to the change of control will be provided to the Executive.

Appears in 5 contracts

Samples: Employment Agreement (Gold Hill Resources, Inc.), Employment Agreement (Gold Hill Resources, Inc.), Employment Agreement (Gold Hill Resources, Inc.)

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Change of Control Provision. If upon a Change of Control, Executive is not offered the Executive Vice President position of the combined corporation (or other business organization) resulting from such Change of Control, (i) a Severance Package approved by current Board of Directors prior to the change of control will be provided to the Executive.

Appears in 2 contracts

Samples: Employment Agreement (Gold Hill Resources, Inc.), Employment Agreement (Gold Hill Resources, Inc.)

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