Common use of Compensation and Benefits not until Clause in Contracts

Compensation and Benefits not until. The Parties acknowledge and agree that no compensation or benefits shall be payable to the Executive hereunder unless and until there shall have occurred both: (i) a Change in Control of the Corporation; and (ii) the termination of the Executive’s employment by the Corporation without Cause or by the Executive for Good Reason, in accordance with the terms of this Agreement.

Appears in 4 contracts

Samples: Change in Control Agreement (Encana Corp), Change in Control Agreement (Encana Corp), Change in Control Agreement (Encana Corp)

AutoNDA by SimpleDocs

Compensation and Benefits not until. The Parties acknowledge and agree that no compensation or benefits shall be payable to the Executive hereunder unless and until there shall have occurred both: both (i) a Change in Control of the Corporation; Corporation and (ii) the termination of the Executive’s employment by the Corporation without Cause or by the Executive for Good Reason, Reason in accordance with the terms of this Agreement.

Appears in 3 contracts

Samples: Change in Control Agreement (Encana Corp), Change in Control Agreement (Encana Corp), Change in Control Agreement (Encana Corp)

AutoNDA by SimpleDocs

Compensation and Benefits not until. The Parties parties acknowledge and agree that no compensation or benefits shall be payable to the Executive hereunder unless and until there shall have occurred both: both (i) a Change in Control of the Corporation; Corporation and (ii) the termination of the Executive’s 's employment by the Corporation without Cause or by the Executive for Good Reason, Disability in accordance with the terms Terms of this Agreement.

Appears in 1 contract

Samples: Control Agreement (Fairmont Hotels & Resorts Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.