Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 78 contracts
Samples: Change in Control Severance Agreement (Yum Brands Inc), Change in Control Severance Agreement (CF Industries Holdings, Inc.), Change in Control Severance Agreement (CF Industries Holdings, Inc.)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ’s covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's ’s employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 39 contracts
Samples: Change in Control Agreement (Visteon Corp), Change in Control Agreement (Visteon Corp), Change in Control Severance Agreement (CF Industries Holdings, Inc.)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ’s covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no No Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's ’s employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 38 contracts
Samples: Change in Control Severance Agreement (CF Industries Holdings, Inc.), Change in Control Severance Agreement (CF Industries Holdings, Inc.), Change in Control Severance Agreement (CF Industries Holdings, Inc.)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ------------------------------ covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the "Severance Payments Payments" described in Section 6.1 hereof and the other payments and benefits described hereinherein in the event the Executive's employment with the Company is terminated following a Change in Control. Except as provided in Section 9.1 hereof, no Severance Payments No amount or benefit shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the TermControl. This Agreement shall not be construed as creating an express or implied contract of employment prior to the date of a Change in Control and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 25 contracts
Samples: Cic Agreement (BNS Co), Cic Agreement (Brown & Sharpe Manufacturing Co /De/), Cic Agreement (Brown & Sharpe Manufacturing Co /De/)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described hereinherein in the event the Executive's employment with the Company is terminated following a Change in Control and during the term of this Agreement. Except as provided in Section 9.1 hereof, no Severance Payments No amount or benefit shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the TermControl. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 16 contracts
Samples: Severance Agreement (J Jill Group Inc), Severance Agreement (J Jill Group Inc), Severance Agreement (J Jill Group Inc)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ’s covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 10.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's ’s employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 15 contracts
Samples: Change in Control Severance Agreement (Stanley Black & Decker, Inc.), Change in Control Severance Agreement (Stanley Black & Decker, Inc.), Change in Control Severance Agreement (Stanley Black & Decker, Inc.)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence paragraph of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive (i) shall not have any right to be retained in the employ of the Company, and (ii) shall remain subject to discharge to the same extent as if this Agreement had not been entered into by the Company and the Executive.
Appears in 11 contracts
Samples: Severance Agreement (CNF Inc), Severance Agreement (CNF Inc), Severance Agreement (CNF Inc)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments Benefits and the other payments and benefits described herein. Except as provided in Section 9.1 10.1 hereof, no Severance Payments Benefits shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 10 contracts
Samples: Severance Agreement (Wild Oats Markets Inc), Severance Agreement (Wild Oats Markets Inc), Severance Agreement (Wild Oats Markets Inc)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ’s covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 8 and Section 10.1 hereof, no Severance Payments amount or benefit shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's ’s employment with the Company following a Change in Control and during the Termterm of this Agreement. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 9 contracts
Samples: Executive Employment Agreement (Inspire Pharmaceuticals Inc), Executive Employment Agreement (Inspire Pharmaceuticals Inc), Executive Employment Agreement (Inspire Pharmaceuticals Inc)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence paragraph of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control of the Company and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive (i) shall not have any right to be retained in the employ of the Company, and (ii) shall remain subject to discharge to the same extent as if this Agreement had not been entered into by the Company and the Executive.
Appears in 8 contracts
Samples: Severance Agreement (CNF Inc), Severance Agreement (CNF Inc), Severance Agreement (CNF Inc)
Company's Covenants Summarized. In order to To induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments described in Section 6.1 hereof and the other payments and benefits described hereinherein in the event the Executive's employment with the Company is terminated following a Change in Control and during the term of this Agreement. Except as provided in Article 5, Section 9.1 9.1, or Section 6.2 hereof, no Severance Payments amount or benefit shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of pursuant to Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the TermControl. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 8 contracts
Samples: Severance Agreement (JPF Acquisition Corp), Severance Agreement (Jevic Transportation Inc), Severance Agreement (Jevic Transportation Inc)
Company's Covenants Summarized. In order to induce the Executive ------------------------------ to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 8 contracts
Samples: Severance Agreement (Einstein Noah Bagel Corp), Severance Agreement (Einstein Noah Bagel Corp), Severance Agreement (Centocor Inc)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ’s covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described hereinherein in the event the Executive’s employment with the Company is terminated following a Change in Control and during the term of this Agreement. Except as provided in Section 9.1 hereof, no Severance Payments No amount or benefit shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's ’s employment with the Company following a Change in Control and during the TermControl. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 8 contracts
Samples: Change in Control Severance Agreement (J Jill Group Inc), Change in Control Severance Agreement (J Jill Group Inc), Change in Control Severance Agreement (J Jill Group Inc)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ’s covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 10 hereof, no Severance Payments shall be payable under this Agreement unless during the Term there shall have been (or, under the terms of the second sentence of Section 6.1 6 hereof, there shall be deemed to have been) a termination of the Executive's ’s employment with the Company following a Change in Control and during the TermControl. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 7 contracts
Samples: Severance Agreement (Starwood Hotel & Resorts Worldwide, Inc), Severance Agreement (Starwood Hotel & Resorts Worldwide, Inc), Severance Agreement (Starwood Hotel & Resorts Worldwide, Inc)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no No Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 6 contracts
Samples: Severance Agreement (Compuware Corp), Severance Agreement (Compuware Corp), Severance Agreement (Compuware Corp)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ’s covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 10.1 hereof, no Severance Payments amount or benefit shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's ’s employment with the Company following a Change in Control and during the Termterm of this Agreement. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 6 contracts
Samples: Change in Control Agreement (Armstrong World Industries Inc), Executive Employment Agreement (Inspire Pharmaceuticals Inc), Executive Employment Agreement (Armstrong World Industries Inc)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 10 hereof, no Severance Payments shall be payable under this Agreement unless during the Term there shall have been (or, under the terms of the second sentence of Section 6.1 6 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the TermControl. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 6 contracts
Samples: Severance Agreement (Starwood Hotels & Resorts), Severance Agreement (Starwood Hotel & Resorts Worldwide Inc), Severance Agreement (Starwood Hotels & Resorts)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the "Severance Payments and the other payments and benefits Payments" described herein. Except as provided in Section 9.1 hereof, no Severance Payments 5.1 hereof in the event the Executive's employment with the Company is terminated following a Change in Control and during the term of this Agreement. No amount or benefit shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the TermControl. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed prior to the date of a Change in writing between the Executive Control and the Company, the Executive shall not have any right to be retained in the employ of the CompanyCompany but shall remain an employee at-will.
Appears in 6 contracts
Samples: Severance Agreement (Globe Business Resources Inc), Severance Agreement (Globe Business Resources Inc), Severance Agreement (Globe Business Resources Inc)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the ------------------------------ Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the "Severance Payments Payments" described in Section 6.1 hereof and the other payments and benefits described hereinherein in the event the Executive's employment with the Company is terminated following a Change in Control. Except as provided in Section 9.1 hereof, no Severance Payments No amount or benefit shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the TermControl. This Agreement shall not be construed as creating an express or implied contract of employment prior to the date of a Change in Control and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 6 contracts
Samples: Cic Agreement (BNS Co), Cic Agreement (BNS Co), Cic Agreement (BNS Co)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof4, the Company agreesCompany, under the conditions described herein, to shall pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereofor 9.2, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of pursuant to the second sentence of Section 6.1 hereof6.1, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 5 contracts
Samples: Severance Agreement (Gsi Lumonics Inc), Severance Agreement (Gsi Lumonics Inc), Severance Agreement (Gsi Lumonics Inc)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof4, the Company agreesCompany, under the conditions described herein, to shall pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no No Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of pursuant to the second sentence of Section 6.1 hereof6.1, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 5 contracts
Samples: Change in Control Severance Agreement (Axcelis Technologies Inc), Change in Control Severance Agreement (Emc Corp), Change in Control Severance Agreement (Emc Corp)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed to in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 4 contracts
Samples: Change in Control Agreement (PPL Energy Supply LLC), Change in Control Agreement (PPL Electric Utilities Corp), Change in Control Agreement (PPL Electric Utilities Corp)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ’s covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no No Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's ’s employment with the Company following a Change in Control and during the Term, all subject to the terms and conditions set forth herein and provided that such termination of employment constitutes a “separation from service” for purposes of Section 409A of the Code. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 3 contracts
Samples: Severance Agreement (Baxalta Inc), Severance Agreement (Baxter International Inc), Severance Agreement (Baxter International Inc)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ’s covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) Executive has a termination of the Executive's employment with the Company Separation from Service following a Change in Control and during the TermTerm and such Separation from Service is described in the first sentence of Section 6.1. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 3 contracts
Samples: Severance Agreement (Barnes Group Inc), Severance Agreement (Barnes Group Inc), Severance Agreement (Barnes Group Inc)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ’s covenants set forth in Section 4 hereof4, the Company agreesCompany, under the conditions described herein, to shall pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no No Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of pursuant to the second sentence of Section 6.1 hereof6.1, there shall be deemed to have been) a termination of the Executive's ’s employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 3 contracts
Samples: Change in Control Severance Agreement, Change in Control Severance Agreement (Emc Corp), Change in Control Severance Agreement (Emc Corp)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ’s covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have has been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's ’s employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 3 contracts
Samples: Management Continuity Agreement (Cooper Industries PLC), Management Continuity Agreement (Cooper Industries LTD), Management Continuity Agreement (Cooper Industries LTD)
Company's Covenants Summarized. In order to induce the Executive ------------------------------ to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following on or after a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 3 contracts
Samples: Severance Agreement (Mine Safety Appliances Co), Severance Agreement (Mine Safety Appliances Co), Severance Agreement (Mine Safety Appliances Co)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ’s covenants set forth in Section 4 3 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 8.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 5.1 hereof, there shall be deemed to have been) a termination of the Executive's ’s employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right rights to be retained in the employ of the Company.
Appears in 3 contracts
Samples: Severance Agreement (Stewart & Stevenson Services Inc), Severance Agreement (Stewart & Stevenson Services Inc), Severance Agreement (Stewart & Stevenson Services Inc)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company Employer and in consideration of the Executive's ’s covenants set forth in Section 4 hereof4, the Company agreesCompany, under the conditions described herein, shall pay or cause to pay be paid to the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no No Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of pursuant to the second sentence of Section 6.1 hereof6.1, there shall be deemed to have been) a termination of the Executive's ’s employment with the Company Employer following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the CompanyCompany or the Employer, the Executive shall not have any right to be retained in the employ of the CompanyCompany or the Employer.
Appears in 3 contracts
Samples: Change in Control Severance Agreement, Change in Control Severance Agreement (Pivotal Software, Inc.), Change in Control Severance Agreement (Pivotal Software, Inc.)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agreesand Nobel agree, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance Payments amount or benefit shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 3 contracts
Samples: Severance Agreement (Nobel Insurance LTD), Severance Agreement (Nobel Insurance LTD), Severance Agreement (Nobel Insurance LTD)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereofcontinued employment, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described hereinin this Agreement. Except as provided in Section 9.1 hereof8.1 of this Agreement, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof5.1, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the TermControl. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 3 contracts
Samples: Employment Agreement (Kaman Corp), Change in Control Agreement (Kaman Corp), Change in Control Agreement (Kaman Corp)
Company's Covenants Summarized. In order to induce the Executive to ------------------------------ remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company under the circumstances described herein within the two year period immediately following a Change in Control and that occurs during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 3 contracts
Samples: Severance Agreement (Immunex Corp /De/), Severance Agreement (Immunex Corp /De/), Severance Agreement (Immunex Corp /De/)
Company's Covenants Summarized. In order to induce the Executive to ------------------------------ remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 10.1 hereof, no Severance Payments amount or benefit shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Termterm of this Agreement. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 2 contracts
Samples: Executive Employment Agreement (Armstrong World Industries Inc), Executive Employment Agreement (Armstrong World Industries Inc)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ’s covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 10.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of of
Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's ’s employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 2 contracts
Samples: Severance Agreement (Piedmont Natural Gas Co Inc), Change in Control Severance Agreement (Stanley Works)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereofand Section 15, the Company agreesCompany, under the conditions described herein, to shall pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof5.3, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of pursuant to the second sentence of Section 6.1 hereof6.1, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 2 contracts
Samples: Change in Control Severance Agreement (Itron Inc /Wa/), Change in Control Severance Agreement (Itron Inc /Wa/)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ’s covenants set forth in Section 4 hereof4, the Company agreesCompany, under the conditions described herein, to shall pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof5.4 or 9.1, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of pursuant to the second sentence of Section 6.1 hereof6.1, there shall be deemed to have been) a termination of the Executive's ’s employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 2 contracts
Samples: Severance Agreement (Emc Corp), Change in Control Severance Agreement (Emc Corp)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereofCompany, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company on or following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 2 contracts
Samples: Severance Agreement (Hayes Lemmerz International Inc), Employment Agreement (Hayes Lemmerz International Inc)
Company's Covenants Summarized. In order to induce the Executive to ------------------------------ remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 2 contracts
Samples: Severance Agreement (Einstein Noah Bagel Corp), Severance Agreement (Einstein Noah Bagel Corp)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following on or after a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 2 contracts
Samples: Severance Agreement (Mine Safety Appliances Co), Severance Agreement (Mine Safety Appliances Co)
Company's Covenants Summarized. In order to induce the Executive ------------------------------ to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 10.1 hereof, no Severance Payments amount or benefit shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Termterm of this Agreement. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 2 contracts
Samples: Executive Employment Agreement (Armstrong World Industries Inc), Executive Employment Agreement (Armstrong World Industries Inc)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 10.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 2 contracts
Samples: Change in Control Severance Agreement (Stanley Black & Decker, Inc.), Change in Control Severance Agreement (Stanley Works)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance Payments amount or benefit shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 2 contracts
Samples: Severance Agreement (Stone Container Corp), Severance Agreement (Stone Container Corp)
Company's Covenants Summarized. In order to induce the Executive to ------------------------------ remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 11 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 6 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 2 contracts
Samples: Severance Agreement (Aura Systems Inc), Severance Agreement (Aura Systems Inc)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments described in Section 6.1 hereof and the other payments and benefits described hereinherein in the event the Executive's employment with the Company is terminated following a Change in Control and during the term of this Agreement. Except as provided in Section 9.1 hereof, no Severance Payments No amount or benefit shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the TermControl. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 2 contracts
Samples: Severance Protection Agreement (VHS of Anaheim Inc), Severance Protection Agreement (VHS of Anaheim Inc)
Company's Covenants Summarized. In order to induce the Executive to ------------------------------ remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof4, the Company agreesCompany, under the conditions described herein, to shall pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereofor 9.2, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of pursuant to the second sentence of Section 6.1 hereof6.1, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 2 contracts
Samples: Severance Agreement (Gsi Lumonics Inc), Severance Agreement (Gsi Lumonics Inc)
Company's Covenants Summarized. In order to induce the Executive to ------------------------------ remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof4, the Company agreesCompany, under the conditions described herein, to shall pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof9.1, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of pursuant to the second sentence of Section 6.1 hereof6.1, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 2 contracts
Samples: Change in Control Severance Agreement (New England Business Service Inc), Change in Control Severance Agreement (New England Business Service Inc)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ’s covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments described in Section 6.1 hereof and the other payments and benefits described hereinherein in the event the Executive’s employment with the Company is terminated following a Change in Control and during the term of this Agreement. Except as provided in Section 9.1 hereof, no Severance Payments No amount or benefit shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's ’s employment with the Company following a Change in Control and during the TermControl. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 2 contracts
Samples: Severance Protection Agreement (Vanguard Health Systems Inc), Severance Protection Agreement (Vanguard Health Systems Inc)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described hereinPayments. Except as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 1 contract
Samples: Severance Agreement (Autoliv Inc)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company Employment and in consideration of the Executive's covenants set forth in Section 4 5 hereof, the Company agrees, under the conditions described hereinherein (and subject to Section 2.2 above), to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 8.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company Employment following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment with the Company and, except as otherwise agreed to in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 1 contract
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right rights to be retained in the employ of the Company.
Appears in 1 contract
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have has been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 1 contract
Samples: Management Continuity Agreement (Cooper Industries LTD)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ’s covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 10.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's ’s employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.,
Appears in 1 contract
Samples: Change in Control Severance Agreement (Stanley Black & Decker, Inc.)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ’s covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 10.1 hereof, no Severance Payments shall will be payable under this Agreement unless there shall have has been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be is deemed to have been) a termination of the Executive's ’s employment with the Company following a Change in Control and during the Term. This Agreement shall will not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall will not have any right to be retained in the employ of the Company.
Appears in 1 contract
Samples: Change in Control Severance Agreement (J M SMUCKER Co)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof4, the Company agreesCompany, under the conditions described herein, to shall pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof9.1, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of pursuant to the second sentence of Section 6.1 hereof6.1, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 1 contract
Samples: Change in Control Agreement (Manufacturers Services LTD)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company Employer (as defined in paragraph (Q) of Section 15) and in consideration of the Executive's covenants set forth stated in Section 4 hereof4, the Company Employer agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof5.1, Section 5.4, Section 6.2(A), and Section 9.1, no Severance Payments amount or benefit shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company Employer following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the CompanyEmployer, the Executive shall not have any right to be retained in the employ of the CompanyEmployer.
Appears in 1 contract
Samples: Severance Agreement (Safeco Corp)
Company's Covenants Summarized. In order to induce the Executive ------------------------------ to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the to Executive the Severance Payments Benefits and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance Payments Benefits shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 1 contract
Samples: Severance Agreement (Altavista Co)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ’s covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 10.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's ’s employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, 1 Form of Change in Control Severance Agreement for all other executive officers. except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 1 contract
Samples: Change in Control Severance Agreement (Stanley Black & Decker, Inc.)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ’s covenants set forth in Section 4 hereof4, the Company agreesCompany, under the conditions described herein, to shall pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof9.1, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of pursuant to the second sentence of Section 6.1 hereof6.1, there shall be deemed to have been) a termination of the Executive's ’s employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 1 contract
Samples: Change in Control Severance Agreement (New England Business Service Inc)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) Executive has a termination of the Executive's employment with the Company Separation from Service following a Change in Control and during the TermTerm and such Separation from Service is described in the first sentence of Section 6.1. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 1 contract
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, hereof there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 1 contract
Company's Covenants Summarized. In order to induce the Executive to ------------------------------ remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise other wise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 1 contract
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company under the circumstances described herein within the two year period immediately following a Change in Control and that occurs during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 1 contract
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ’s covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described hereinPayments. Except as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's ’s employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 1 contract
Samples: Change in Control Severance Agreement (Veoneer, Inc.)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof4, the Company agreesCompany, under the conditions described herein, to shall pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof10.1., no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of pursuant to the second sentence of Section 6.1 hereof6.1., there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 1 contract
Samples: Change of Control Agreement (O Reilly Automotive Inc)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company Employer and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company Employer agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in the first sentence of Section 9.1 hereof6.2(A), Section 5.4 and Section 9.1, no Severance Payments amount or benefit shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company Employer following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the CompanyEmployer, the Executive shall not have any right to be retained in the employ of the CompanyEmployer.
Appears in 1 contract
Samples: Severance Agreement (Safeco Corp)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company Employer and in consideration of the Executive's covenants set forth in Section 4 hereof4, the Company agreesCompany, under the conditions described herein, shall pay or cause to pay be paid to the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no No Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of pursuant to the second sentence of Section 6.1 hereof6.1, there shall be deemed to have been) a termination of the Executive's employment with the Company Company, the Employer and their Affiliates following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the CompanyCompany or the Employer, the Executive shall not have any right to be retained in the employ of the CompanyCompany or the Employer.
Appears in 1 contract
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ’s covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described hereinPayments. Except as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's ’s employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 1 contract
Samples: Severance Agreement (Veoneer, Inc.)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereofcontinued employment, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described hereinin this Agreement. Except as provided in Section 9.1 hereof8.1 of this Agreement, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof5.1, there shall be deemed to have been) a termination of the Executive's employment with the Company Company
following a Change in Control and during the TermControl. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 1 contract
Samples: Employment Agreement (Kaman Corp)
Company's Covenants Summarized. In order to induce the ------------------------------ Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company under the circumstances described herein within the two year period immediately following a Change in Control and that occurs during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 1 contract
Company's Covenants Summarized. In order to induce the Executive ------------------------------ to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise other wise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 1 contract
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ’s covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 6.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's ’s employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 1 contract
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereofCompany, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no No Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's ’s employment with the Company following a during the Term; provided, however, that the Executive shall not receive Severance Payments pursuant to this Agreement if the Executive is entitled to any payments or benefits under the Executive’s Change in Control and during Severance Agreement entered into with the TermCompany on [DATE] (the “Change in Control Agreement”). This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 1 contract
Samples: Severance Agreement (Armstrong World Industries Inc)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ’s covenants set forth in Section 4 hereof14, the Company agreesCompany, under the conditions described herein, to shall pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof4.3, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of pursuant to the second sentence of Section 6.1 hereof5.1, there shall be deemed to have been) a termination of the Executive's ’s employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 1 contract
Samples: Change in Control Severance Agreement (Itron, Inc.)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, hereof no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, hereof there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 1 contract
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ’s covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no No Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's ’s employment with the Company following on or after a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 1 contract
Samples: Change in Control Severance Agreement (Mine Safety Appliances Co)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except 2 as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 1 contract
Samples: Management Continuity Agreement (Cooper Industries Inc)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions 2 described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 10 hereof, no Severance Payments shall be payable under this Agreement unless during the Term there shall have been (or, under the terms of the second sentence of Section 6.1 6 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the TermControl. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 1 contract
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ’s covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments severance payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance Payments No severance payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's ’s employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 1 contract
Samples: Change in Control Severance Agreement (O Reilly Automotive Inc)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ’s covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments Benefits and the other payments and benefits described herein. Except as provided in Section 9.1 10.1 hereof, no Severance Payments Benefits shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's ’s employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 1 contract
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 8 and Section 10.1 hereof, no Severance Payments amount or benefit shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Termterm of this Agreement. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 1 contract
Samples: Executive Employment Agreement (Inspire Pharmaceuticals Inc)
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's ’s covenants set forth in Section 4 hereof4, the Company agreesCompany, under the conditions described herein, to shall pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereofSections 5.4 or 9.1, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of pursuant to the second sentence of Section 6.1 hereof6.1, there shall be deemed to have been) a termination of the Executive's ’s employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.
Appears in 1 contract
Company's Covenants Summarized. In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive's covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance Payments shall be payable under this Agreement unless there shall have been (or, under the terms of the second sentence of Section 6.1 hereof, there shall be deemed to have been) a termination of the Executive's employment with the Company following a Change in Control and during the Term. This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company.be
Appears in 1 contract
Samples: Executive Employment Agreement (Talen Energy Supply, LLC)