Common use of Change of Control Severance Clause in Contracts

Change of Control Severance. Notwithstanding the foregoing, if the Executive’s employment is terminated by the Company without Cause (other than by reason of death or permanent disability) or if the Executive resigns from the Company for Good Reason, the Executive (or his dependents or beneficiaries, as applicable) (i) at the request of any third party participating in or causing a Change of Control (as defined below) or (ii) within one (1) year following a Change of Control, the Executive shall be entitled to receive:

Appears in 9 contracts

Samples: Employment Agreement, Employment Agreement (Exela Technologies, Inc.), Employment Agreement (Banctec Inc)

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Change of Control Severance. Notwithstanding the foregoing, if the Executive’s 's employment is terminated by the Company without Cause (other than by reason of death or permanent disability) or if the Executive resigns from the Company for Good Reason, the Executive (or his dependents or beneficiaries, as applicable) (i) at the request of any third party participating in or causing a Change of Control (as defined below) or (ii) within one (1) year following a Change of Control, the Executive shall be entitled to receive:

Appears in 7 contracts

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

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