Common use of Consequences of a Change in Control Clause in Contracts

Consequences of a Change in Control. The Executive’s entitlements relating to a Change in Control of the Company shall be determined in accordance with the Change in Control Employment Agreement which is attached hereto as Exhibit A. In addition, in the event of a Change in Control, the options referred to in Section 6 shall immediately vest and become fully exercisable. In the event of any conflict between this Agreement and the Change in Control Employment Agreement after the occurrence of a Change in Control, the Change in Control Employment Agreement shall control and there shall be no duplication of benefits.

Appears in 2 contracts

Samples: Employment Agreement (Diebold Inc), Employment Agreement (Diebold Inc)

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Consequences of a Change in Control. The In the event of a change in control, the Executive’s entitlements relating to a Change in Control of the Company shall be determined in accordance with the Change in Control Employment Continuation Agreement, Exhibits B and C of this Employment Agreement which is attached hereto as Exhibit A. In addition, and any other post-Effective Date documents relating to Executive benefits upon a change in control of the event of a Change in Control, the options referred to in Section 6 shall immediately vest and become fully exercisableCompany. In no event shall any payments or benefits due the event of any conflict between Executive pursuant to the Employment Continuation Agreement be duplicated pursuant to this Agreement and the Change in Control Employment Agreement after the occurrence of a Change in Control, the Change in Control Employment Agreement shall control and there shall be no duplication of benefitsagreement.

Appears in 2 contracts

Samples: Employment Agreement (TRW Inc), Employment Agreement (TRW Inc)

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Consequences of a Change in Control. The In the event of a change in control, the Executive’s entitlements relating to a Change in Control of the Company shall be determined in accordance with the Change in Control Employment Continuation Agreement, Exhibits B and C of this Employment Agreement which is attached hereto as Exhibit A. In addition, and any other post- Effective Date documents relating to Executive benefits upon a change in control of the event of a Change in Control, the options referred to in Section 6 shall immediately vest and become fully exercisableCompany. In no event shall any payments or benefits due the event of any conflict between Executive pursuant to the Employment Continuation Agreement be duplicated pursuant to this Agreement and the Change in Control Employment Agreement after the occurrence of a Change in Control, the Change in Control Employment Agreement shall control and there shall be no duplication of benefitsagreement.

Appears in 1 contract

Samples: Employment Agreement

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