Compensation upon Termination following a Change of Control. In the event that (i) a Change of Control shall have occurred during the term of this Agreement and while Executive is employed by the Company and (ii) the Executive's employment shall be involuntarily terminated for any reason on a date which is less than one year after the date of the Change of Control (whether during or after the term of this Agreement) other than for Cause, death or disability or Executive shall terminate his employment for Good Reason, then the Company shall make the following payments to Executive within 15 days following the date of such termination of employment (the "Termination Date"), subject in each case to any applicable payroll or other taxes required to be withheld.
Appears in 9 contracts
Samples: Change of Control Agreement (Decrane Aircraft Holdings Inc), Change of Control Agreement (Decrane Aircraft Holdings Inc), Change of Control Agreement (Decrane Holdings Co)
Compensation upon Termination following a Change of Control. In the event that (i) a Change of Control shall have occurred during the term of this Agreement and while Executive is employed by the Company and (ii) the Executive's ’s employment shall be involuntarily terminated for any reason on a date which is less than one year 2 years after the date of the Change of Control (whether during or after the term of this Agreement) other than for Cause, death or disability or Executive shall terminate his employment for Good Reason, then the Company shall make the following payments to Executive within 15 days following the date of such termination of employment (the "“Termination Date"”), subject in each case to any applicable payroll or other taxes required to be withheld.
Appears in 2 contracts
Samples: Form of Change of Control Agreement (Decrane Aircraft Holdings Inc), Form of Change of Control Agreement (Decrane Holdings Co)
Compensation upon Termination following a Change of Control. In the event that (i) a Change of Control shall have occurred during the term of this Agreement and while Executive is employed by the Company and (ii) the Executive's ’s employment shall be involuntarily terminated for any reason on a date which is less than one year two years after the date of the Change of Control (whether during or after the term of this Agreement) other than for Cause, death or disability or Executive shall terminate his employment for Good Reason, then the Company shall make the following payments to Executive within 15 days following the date of such termination of employment (the "“Termination Date"”), . subject in each case to any applicable payroll or other taxes required to be withheld.
Appears in 1 contract
Samples: Change of Control Agreement (Decrane Aircraft Holdings Inc)