Common use of ENTITLEMENT TO CHANGE IN CONTROL BENEFITS Clause in Contracts

ENTITLEMENT TO CHANGE IN CONTROL BENEFITS. If your employment with the Company is terminated by the Company without Cause during the Protection Period, you will receive the “Change in Control Benefits” described in this Section 3. The Change in Control Benefits also will be payable if you terminate your employment for Good Reason during the Protection Period. The Change in Control Benefits will not be payable if your employment is terminated for Cause, if you voluntarily terminate your employment without Good Reason, or if your employment is terminated by reason of your Disability or your death. In addition, the Change in Control Benefits will not be payable if your employment is terminated by you or the Company for any or no reason prior to or following the Protection Period. In addition, as noted in Section 2(e), a transfer to an Affiliate will not be treated as a termination of employment for purposes of this Agreement.

Appears in 4 contracts

Samples: Severance and Retention Agreement (Accuride Corp), Severance and Retention Agreement (Accuride Corp), Severance and Retention Agreement (Accuride Corp)

AutoNDA by SimpleDocs

ENTITLEMENT TO CHANGE IN CONTROL BENEFITS. If your employment with the Company is terminated by the Company without Cause during the Protection Period, you will receive the “Change in Control Benefits” described in this Section 3. The Change in Control Benefits also will be payable if you terminate your employment for Good Reason during the Protection Period. The Change in Control Benefits will not be payable if your employment is terminated for Cause, if you voluntarily terminate your employment without Good Reason, or if your employment is terminated by reason of your Disability or your death. In addition, the Change in Control Benefits will not be payable if your employment is terminated by you or the Company for any or no reason prior to or following the Protection Period. In addition, as noted in Section 2(e), a transfer to an Affiliate will not be treated as a termination of employment for purposes of this Agreement.

Appears in 3 contracts

Samples: Severance and Retention Agreement (Accuride Corp), Severance and Retention Agreement (Accuride Corp), Severance and Retention Agreement (Accuride Corp)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!