Common use of Company Notice Clause in Contracts

Company Notice. Within thirty (30) days after the later of -------------- Termination or the related change of control, the Company shall notify Employee in writing if it believes that any reduction in the payments and benefits that would otherwise be paid or provided to the Employee under the terms of this Agreement is required to comply with the provisions of Section 5(a) hereof. If the Company determines that any such reduction is required, it will provide Employee with copies of the information used and calculations made by the Company to determine the amount of such reduction.

Appears in 4 contracts

Samples: Executive Severance/Change of Control Agreement (State of the Art Inc /Ca), Severance Agreement (State of the Art Inc /Ca), Severance Agreement (State of the Art Inc /Ca)

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Company Notice. Within thirty (30) days after the later of -------------- Termination or the related change of controlChange Of Control, the Company shall notify Employee in writing if it believes that any reduction in the payments and benefits that would otherwise be paid or provided to the Employee under the terms of this Agreement is required to comply with the provisions of Section 5(a) hereof. If the Company determines that any such reduction is required, it will provide Employee with copies of the information used and calculations made by the Company to determine the amount of such reduction.

Appears in 1 contract

Samples: Severance Agreement (State of the Art Inc /Ca)

Company Notice. Within thirty (30) days after the later of -------------- Termination or the related change Change of controlControl, the Company shall notify Employee in writing if it believes that any reduction in the payments and benefits that would otherwise be paid or provided to the Employee under the terms of this Agreement is required to comply with the provisions of Section 5(a) hereof. If the Company determines that any such reduction is required, it will provide Employee with copies of the information used and calculations made by the Company to determine the amount of such reduction.

Appears in 1 contract

Samples: Severance Agreement (State of the Art Inc /Ca)

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Company Notice. Within thirty (30) days after the later of -------------- Termination or the related change Change of controlControl, the Company shall notify Employee in writing if it believes that any reduction in the payments and benefits that would otherwise be paid or provided to the Employee under the terms of this Agreement is required to comply with the provisions of Section 5(a) hereof. If the Company determines that any such reduction is required, it will provide Employee with copies of the information used and calculations made by the Company to determine the amount of such reduction.

Appears in 1 contract

Samples: Severance Agreement (State of the Art Inc /Ca)

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