Common use of Compensation Upon Certain Terminations Clause in Contracts

Compensation Upon Certain Terminations. (a) If, within the two-year period subsequent to a Change in Control, (A) the Company shall terminate the Executive’s employment other than pursuant to Sections 6 or 7 hereof, or (B) the Executive shall terminate his employment for Good Reason pursuant to Section 9 hereof, then the Company shall pay to the Executive in a lump sum on the fifth business day following the Date of Termination, the following amounts:

Appears in 3 contracts

Samples: Executive Severance Agreement (Core Molding Technologies Inc), Executive Severance Agreement (Core Molding Technologies Inc), Executive Severance Agreement (Core Molding Technologies Inc)

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Compensation Upon Certain Terminations. (a) If, within the two-year period subsequent to a Change in Control, (A) If the Company shall terminate the Executive’s 's employment other than pursuant to Sections 6 or 7 hereof7, 8, or (B) 9 hereof or if the Executive shall terminate his or her employment for Good Reason pursuant to Section 9 10 hereof, then the Company shall pay to the Executive in a lump sum on the fifth business day following the Date of Termination, the following amounts:

Appears in 2 contracts

Samples: Severance and Employment Agreement (Royal Appliance Manufacturing Co), Severance and Employment Agreement (Royal Appliance Manufacturing Co)

Compensation Upon Certain Terminations. (a) If, within the two-year period subsequent to a Change in of Control, (Ai) the Company shall terminate the Executive’s 's employment other than pursuant to Sections 6 or Section 7 hereof, hereof or (Bii) the Executive shall terminate his employment for Good Reason pursuant to Section 9 10 hereof, then the Company shall pay to the Executive in a lump sum on the fifth fifteenth business day following the Date of Termination, the following amounts:

Appears in 1 contract

Samples: Change of Control Agreement (Dal Tile International Inc)

Compensation Upon Certain Terminations. (a) If, within the two-year period subsequent to a Change in Control, (A) If the Company shall terminate the Executive’s 's employment other than pursuant to Sections 6 or 7 hereof8, 9, or (B) 10 hereof or if the Executive shall terminate his her employment for Good Reason pursuant to Section 9 11 hereof, then the Company shall I pay to the Executive in a lump sum on the fifth business day following the Date of Termination, the following amounts:

Appears in 1 contract

Samples: Employment and Severance Agreement (MedAire, Inc.)

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Compensation Upon Certain Terminations. (a) If, within the two-year period subsequent to a Change in Control, (A) the Company shall terminate the Executive’s 's employment other than pursuant to Sections 6 or 7 hereof, or (B) the Executive shall terminate his employment for Good Reason pursuant to Section 9 hereof, then the Company shall pay to the Executive in a lump sum on the fifth business day following the Date of Termination, the following amounts:

Appears in 1 contract

Samples: Executive Severance Agreement (Core Molding Technologies Inc)

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