Common use of Compensation upon Qualifying Termination Clause in Contracts

Compensation upon Qualifying Termination. Subject to the Executive’s execution and non-revocation of a Release pursuant to Section 5(a), upon the date of (x) the Executive’s termination of employment pursuant to Section 3(b)(i) or (y) the consummation of a Change in Control pursuant to Section 3(b)(ii) (each, a “Qualifying Event”), the Executive shall become entitled to receive the following payments and benefits at the time set forth in Section 5(b):

Appears in 25 contracts

Samples: Change in Control Severance Agreement (Hubbell Inc), Change in Control Severance Agreement (Hubbell Inc), Change in Control Severance Agreement (Hubbell Inc)

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