Common use of Consideration by Employee Clause in Contracts

Consideration by Employee. In consideration of the Employer's entering into this Agreement, Employee hereby agrees that, for the period commencing on the date hereof and extending through the termination date of this Agreement, Employee will not voluntarily terminate employment with the Employer, except in the event of (i) a change in control of the Company as provided herein, (ii) a substantial change in Employee's position, duties, compensation or benefits which would be deemed "Good Reason" for Employee to terminate his employment in accordance with Section 3.3 if there were a change in control of the Company, or (iii) the Employer's consenting to such termination.

Appears in 2 contracts

Samples: Employment Agreement (Triton Energy LTD), Employment Agreement (Triton Energy LTD)

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Consideration by Employee. In consideration of the --------------------------- Employer's entering into this Agreement, Employee hereby agrees that, for the period commencing on the date hereof and extending through the termination date of this Agreement, Employee will not voluntarily terminate employment with the Employer, except in the event of (i) a change in control of the Company as provided herein, (ii) a substantial change in Employee's position, duties, compensation or benefits which would be deemed "Good Reason" for Employee to terminate his Employee's employment in accordance with Section 3.3 if there were a change in control of the Company, or (iii) the Employer's consenting to such termination.

Appears in 1 contract

Samples: Employment Agreement (Triton Energy LTD)

Consideration by Employee. In consideration of the EmployerCompany's entering into this Agreement, Employee hereby agrees that, for the period commencing on the date hereof and extending through the termination date of this Agreement, Employee will not voluntarily terminate employment with the EmployerCompany, except in the event of (i) a change in control of the Company as provided herein, (ii) a substantial change in Employee's position, duties, compensation or benefits which would be deemed "Good Reason" for Employee to terminate his employment in accordance with Section 3.3 if there were a change in control of the Company, or (iii) the EmployerCompany's consenting to such termination.

Appears in 1 contract

Samples: Employment Agreement (Triton Energy Corp)

Consideration by Employee. In consideration of the Employer's ------------------------- entering into this Agreement, Employee hereby agrees that, for the period commencing on the date hereof and extending through the termination date of this Agreement, Employee will not voluntarily terminate employment with the Employer, except in the event of (i) a change in control of the Company as provided herein, (ii) a substantial change in Employee's position, duties, compensation or benefits which would be deemed "Good Reason" for Employee to terminate his Employee's employment in accordance with Section 3.3 if there were a change in control of the Company, or (iii) the Employer's consenting to such termination.

Appears in 1 contract

Samples: Employment Agreement (Triton Energy LTD)

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Consideration by Employee. In consideration of the --------------------------- Employer's entering into this Agreement, Employee hereby agrees that, for the period commencing on the date hereof and extending through the termination date of this Agreement, Employee will not voluntarily terminate employment with the Employer, except in the event of (i) a change in control of the Company as provided herein, (ii) a substantial change in Employee's position, duties, compensation or benefits which would be deemed "Good Reason" for Employee to terminate his employment in accordance with Section 3.3 if there were a change in control of the Company, or (iii) the Employer's consenting to such termination.

Appears in 1 contract

Samples: Employment Agreement (Triton Energy LTD)

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