Common use of CHANGE OF CONTROL TERMINATION RIGHT Clause in Contracts

CHANGE OF CONTROL TERMINATION RIGHT. For a period of two (2) years following a Change of Control, the Executive shall have the right, at any time, to terminate employment with the Company for Good Reason. Such termination shall be accomplished by, and effective upon, the Executive giving written notice to the Company of the Executive's decision to terminate. Except as otherwise expressly provided in this Agreement, upon the exercise of said right, all obligations and duties of the Executive under this Agreement shall be of no further force and effect.

Appears in 9 contracts

Samples: Employment Agreement (Protocol Systems Inc/New), Employment Agreement (Protocol Systems Inc/New), Employment Agreement (Protocol Systems Inc/New)

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CHANGE OF CONTROL TERMINATION RIGHT. For a period During the term of two (2) years the Agreement and following a Change of Control, the Executive shall have the right, at any time, to terminate employment with the Company for Good Reason. Such termination shall be accomplished by, and effective upon, the Executive giving written notice to the Company of the Executive's decision to terminate. Except as otherwise expressly provided in this Agreement, upon the exercise of said right, all obligations and duties of the Executive under this Agreement shall be of no further force and effect.

Appears in 2 contracts

Samples: Executive Employment Agreement (Protocol Systems Inc/New), Executive Employment Agreement (Protocol Systems Inc/New)

CHANGE OF CONTROL TERMINATION RIGHT. For a period of two (2) years twelve months following a Change of Control, the Executive shall have the right, at any time, right to terminate employment with the Company for Good Reason. Such termination shall be accomplished by, and effective upon, the Executive giving written notice to the Company of the Executive's decision to terminate. Except as otherwise expressly provided in this Agreement, upon the exercise of said right, all obligations and duties of the Executive under this Agreement shall be of no further force and effect.

Appears in 1 contract

Samples: Employment Agreement (Cascade Microtech Inc)

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CHANGE OF CONTROL TERMINATION RIGHT. For a period of two (2) years ----------------------------------- following a Change of Control, the Executive shall have the right, at any timetime and within Executive's sole discretion, to terminate employment with the Company for Good Reason. Such termination shall be accomplished by, and effective upon, the Executive giving written notice to the Company of the Executive's decision to terminate. Except as otherwise expressly provided in this Agreement, upon the exercise of said right, all obligations and duties of the Executive under this Agreement shall be of no further force and effect.

Appears in 1 contract

Samples: Employment Agreement (Planar Systems Inc)

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