Employment After a Change in Control. If the Executive is in the employ of the Company on the date of a Change in Control, the Company hereby agrees to continue the Executive in its employ for the period commencing on the date of the Change in Control and ending on the last day of the Term of this Agreement. During the period of employment described in the foregoing provisions of this paragraph 2 (the "Employment Period"), the Executive shall hold such position with the Company and exercise such authority and perform such executive duties as are commensurate with the Executive's position, authority and duties immediately prior to the Change in Control. The Executive agrees that during the Employment Period the Executive shall devote full business time exclusively to the executive duties described herein and perform such duties faithfully and efficiently; provided, however, that nothing in this Agreement shall prevent the Executive from voluntarily resigning from employment upon 60 days' written notice to the Company under circumstances which do not constitute a Termination (as defined below in paragraph 5).
Appears in 8 contracts
Samples: Change in Control Agreement (Security Capital Group Inc/), Change in Control Agreement (Security Capital Group Inc/), Change in Control Agreement (Security Capital Group Inc/)
Employment After a Change in Control. If the Executive is in the employ of the Company Trust on the date of a Change in Control, the Company Trust hereby agrees to continue the Executive in its employ for the period commencing on the date of the Change in Control and ending on the last day of the Term of this Agreement. During the period of employment described in the foregoing provisions of this paragraph 2 (the "“Employment Period"”), the Executive shall hold such position with the Company Trust and exercise such authority and perform such executive duties as are commensurate with the Executive's his position, authority and duties immediately prior to the Change in ControlEmployment Period. The Executive agrees that during the Employment Period the Executive he shall devote his full business time exclusively to the executive duties described herein and perform such duties faithfully and efficiently; provided, however, that nothing in this Agreement shall prevent the Executive from voluntarily resigning from employment upon 60 no less than 15 days' ’ advance written notice to the Company Trust under circumstances which that do not constitute a Termination (as defined below in paragraph 5).
Appears in 7 contracts
Samples: Executive Protection Agreement (Prologis), Executive Protection Agreement (Prologis), Executive Protection Agreement (Prologis)
Employment After a Change in Control. If the Executive is in the employ of the Company Trust on the date of a Change in Control, the Company Trust hereby agrees to continue the Executive in its employ for the period commencing on the date of the Change in Control and ending on the last day of the Term of this Agreement. During the period of employment described in the foregoing provisions of this paragraph 2 (the "Employment Period"), the Executive shall hold such position with the Company Trust and exercise such authority and perform such executive duties as are commensurate with the Executive's his position, authority and duties immediately prior to the Change in ControlEmployment Period. The Executive agrees that during the Employment Period the Executive he shall devote his full business time exclusively to the executive duties described herein and perform such duties faithfully and efficiently; provided, however, that nothing in this Agreement shall prevent the Executive from voluntarily resigning from employment upon 60 no less than 15 days' advance written notice to the Company Trust under circumstances which that do not constitute a Termination (as defined below in paragraph 5).
Appears in 2 contracts
Samples: Executive Protection Agreement (Prologis Trust), Executive Protection Agreement (Prologis Trust)
Employment After a Change in Control. If the Executive is in the ------------------------------------ employ of the Company on the date of a Change in Control, the Company hereby agrees to continue the Executive in its employ for the period commencing on the date of the Change in Control and ending on the last day of the Term of this Agreement. During the period of employment described in the foregoing provisions of this paragraph 2 (the "Employment Period"), the Executive shall hold such position with the Company and exercise such authority and perform such executive duties as are commensurate with the Executive's position, authority and duties immediately prior to the Change in Control. The Executive agrees that during the Employment Period the Executive shall devote full business time exclusively to the executive duties described herein and perform such duties faithfully and efficiently; provided, however, that nothing in this Agreement shall prevent the Executive from voluntarily resigning from employment upon 60 days' written notice to the Company under circumstances which do not constitute a Termination (as defined below in paragraph 5).
Appears in 1 contract
Samples: Change in Control Agreement (Security Capital Group Inc/)
Employment After a Change in Control. If the Executive is in the employ of the Company Trust on the date of a Change in Control, the Company Trust hereby agrees to continue the Executive in its employ for the period commencing on the date of the Change in Control and ending on the last day of the Term of this Agreement. During the period of employment described in the foregoing provisions of this paragraph 2 (the "“Employment Period"”), the Executive shall hold such position with the Company Trust and exercise such authority and perform such executive duties as are commensurate with the Executive's her position, authority and duties immediately prior to the Change in ControlEmployment Period. The Executive agrees that during the Employment Period the Executive she shall devote her full business time exclusively to the executive duties described herein and perform such duties faithfully and efficiently; provided, however, that nothing in this Agreement shall prevent the Executive from voluntarily resigning from employment upon 60 no less than 15 days' ’ advance written notice to the Company Trust under circumstances which that do not constitute a Termination (as defined below in paragraph 5).
Appears in 1 contract
Employment After a Change in Control. If the Executive is in the employ of the Company on Trust at the date of a Change in ControlTopco Effective Time, the Company Trust hereby agrees to continue the Executive in its employ for the period commencing on the date of the Change in Control Topco Effective Date and ending on the last day of the Term of this Agreement. During the period of employment described in the foregoing provisions of this paragraph 2 (the "‘Employment Period"’), the Executive shall hold such position with the Company Trust and exercise such authority and perform such executive duties as are commensurate with the Executive's his position, authority and duties immediately prior to the Change in ControlEmployment Period. The Executive agrees that during the Employment Period the Executive he shall devote his full business time exclusively to the executive duties described herein and perform such duties faithfully and efficiently; provided, however, that nothing in this Agreement shall prevent the Executive from voluntarily resigning from employment upon 60 no less than 15 days' ’ advance written notice to the Company Trust under circumstances which that do not constitute a Termination (as defined below in paragraph 5).”
Appears in 1 contract