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, or continuing employment by Parent, Company or any other subsidiary of Parent after a Change in Control, shall be considered to be employment by Company or one of its subsidiaries. As a result, if Executive is employed by Company or by such a successor, or by Parent or one of its other subsidiaries, following a Change in Control, he will not be entitled to receive the benefits provided by Section 8 unless his employment with the Company or the successor is subsequently terminated without Cause or he terminates his employment for Good Reason.

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, . or continuing employment by Parent, Company or any other subsidiary of Parent after a Change in Control, shall be considered to be employment by Company or one of its subsidiaries. As a result, if Executive is employed by Company or by such a successor, or by Parent or one of its other subsidiaries, following a Change in Control, he will not be entitled to receive the benefits provided by Section 8 unless his employment with the Company or the successor is subsequently terminated without Cause or he terminates his employment for Good Reason.