Common use of Effect of Termination Prior To Change In Control Clause in Contracts

Effect of Termination Prior To Change In Control. (a) In the event Employee's employment is terminated for Cause pursuant to Section 5.1(a) or should the Employee terminate his employment pursuant to Section 5.2, the Corporation shall pay to Employee the compensation and benefits otherwise payable to him under Section 2 through the last day of his actual employment by the Corporation.

Appears in 6 contracts

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

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Effect of Termination Prior To Change In Control. (a) In the event Employee's employment is terminated for Cause pursuant to Section Sections 5.1(a) or (b) or should the Employee terminate his employment pursuant to Section 5.2, the Corporation shall pay to Employee the compensation and benefits otherwise payable to him under Section 2 through the last day of his actual employment by the CorporationCorporation (for termination for just cause or upon death) or his effective date of termination (for termination upon disability).

Appears in 1 contract

Samples: Employment Agreement (Sandhills Inc)

Effect of Termination Prior To Change In Control. (a) In the event Employee's ’s employment is terminated for Cause pursuant to Section Sections 5.1(a) or (b) or should the Employee terminate his employment pursuant to Section 5.2, the Corporation shall pay to Employee the compensation and benefits otherwise payable to him under Section 2 through the last day of his actual employment by the CorporationCorporation (for termination for just cause or upon death) or his effective date of termination (for termination upon disability).

Appears in 1 contract

Samples: Employment Agreement (Pantry Inc)

Effect of Termination Prior To Change In Control. (a) In the event Employee's ’s employment is terminated for Cause pursuant to Section 5.1(a) or should the Employee terminate his employment pursuant to Section 5.2, the Corporation shall pay to Employee the compensation and benefits otherwise payable to him under Section 2 through the last day of his actual employment by the Corporation.

Appears in 1 contract

Samples: Employment Agreement (Pantry Inc)

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Effect of Termination Prior To Change In Control. (a) In the event Employee's employment is terminated for Cause just cause pursuant to Section 5.1(a5.1 (a) or should the Employee terminate his employment pursuant to Section 5.2, the Corporation shall pay to Employee the compensation and benefits otherwise payable to him under Section 2 through the last day of his actual employment by the Corporation.

Appears in 1 contract

Samples: Employment Agreement (Sandhills Inc)

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