Common use of Effectiveness; Term Clause in Contracts

Effectiveness; Term. This Agreement will be effective and binding as of the date first above written immediately upon its execution, but, anything in this Agreement to the contrary notwithstanding, this Agreement will not be operative unless and until a Change in Control occurs. Upon the

Appears in 21 contracts

Samples: Executive Termination Benefits Agreement (Amr Corp), Executive Termination Benefits Agreement (Amr Corp), Executive Termination Benefits Agreement (Amr Corp)

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Effectiveness; Term. This Agreement will be effective and binding as of the date first above written immediately upon its execution, but, anything in this Agreement to the contrary notwithstanding, this Agreement will not be operative unless and until a Change in Control occurs. Upon thethe occurrence of a Change in Control at any time during the Term (as defined below), without further action, this Agreement shall become immediately operative. For purposes of this Agreement, β€œ

Appears in 2 contracts

Samples: Executive Termination Benefits Agreement (American Airlines Inc), Executive Termination Benefits Agreement (Amr Corp)

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