Common use of Employment by Successor Clause in Contracts

Employment by Successor. For purposes of this Agreement, employment by a successor of Company or Parent, or affiliate thereof, that has assumed this Agreement, shall be considered to be employment by Company or Parent or one of its affiliates. 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, he terminates his employment for Good Reason, or he terminates his employment within 120 days after the Change in Control in accordance with subparagraph (b) of Section 8 of this Agreement.

Employment by Successor. For purposes of this Agreement, employment by a successor of Company or ParentCompany, or affiliate thereof, that has assumed this Agreement, shall be considered to be employment by Company or Parent or one of its affiliates. 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, he terminates his employment for Good Reason, or he terminates his employment within 120 days after the Change in Control in accordance with subparagraph (bSubsection 8(b) of Section 8 of this Agreement.

Employment by Successor. For purposes of this Agreement, employment by a successor of Company or Parent, or affiliate thereof, that has assumed this Agreement, shall be considered to be employment by Company or Parent or one of its affiliates. 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, he terminates his employment for Good Reason, Reason or he terminates his employment within 120 days after the Change in Control in accordance with subparagraph (b) of Section 8 of this Agreement.