Common use of Employment by Successor Clause in Contracts

Employment by Successor. For purposes of this Agreement employment by a successor of Company or a successor of any subsidiary of Company that has assumed this Agreement shall be considered to be employment by Company or one of its subsidiaries. As a result, if Executive is employed by such a successor following a Change in Control, he will not be entitled to receive the benefits provided by Section 8 unless his employment with the successor is subsequently terminated without Cause or he terminates his employment for Good Reason.