Escrow Arrangement. If within thirty (30) days after the effective date of a Change of Control, Executive's employment has not been terminated, the Company shall, at the request of Executive, deposit with an escrow agent, pursuant to an escrow agreement between the Company and such escrow agent, a sum of money, or other property permitted by such escrow agreement, which is substantially sufficient in the opinion of the Company's management to fund the amounts due to Executive set forth in Section 3 of this Agreement. The escrow agreement shall provide that such agreement may not be terminated until the earlier of (i) Executive's employment has terminated and all amounts due to Executive as set forth in this Agreement have been paid to Executive or (ii) two (2) years after the effective date of the Change of Control.
Appears in 9 contracts
Samples: Severance Agreement (Susa Partnership Lp), Severance Agreement (Storage Usa Inc), Severance Agreement (Storage Usa Inc)
Escrow Arrangement. If within thirty (30) days after the effective date of a Change of Control, Executive's Control Employee’s employment has not been terminated, the Company shall, at the request of Executive, shall deposit with an escrow agent, pursuant to an escrow agreement between the Company and such escrow agent, a sum of money, or other property permitted by such escrow agreement, which is substantially sufficient in the opinion of the Company's ’s management to fund the amounts due to Executive Employee set forth in Section 3 3(b) of this Agreement. The escrow agreement shall provide that such agreement may not be terminated until the earlier of (i) Executive's Employee’s employment has terminated and all amounts due to Executive Employee as set forth in this Agreement have been paid to Executive Employee or (ii) two three (23) years after the effective date of the Change of Control.
Appears in 4 contracts
Samples: Change in Control and Termination Agreement (Mid America Apartment Communities Inc), Change in Control and Termination Agreement (Mid America Apartment Communities Inc), Change in Control and Termination Agreement (Mid America Apartment Communities Inc)
Escrow Arrangement. If within thirty (30) days after the effective date of a Change of Control, Control Executive's employment has not been terminated, the Company shall, at the request of Executive, shall deposit with an escrow agent, pursuant to an escrow agreement between the Company and such escrow agent, a sum of money, or other property permitted by such escrow agreement, which is substantially sufficient in the opinion of the Company's management to fund the amounts due to Executive set forth in Section 3 SECTION 9(B) of this Agreement. The escrow agreement shall provide that such agreement may not be terminated until the earlier of (i) Executive's employment has terminated and all amounts due to Executive as set forth in this Agreement have been paid to Executive or (ii) two three (23) years after the effective date of the Change of Control.
Appears in 3 contracts
Samples: Employment Agreement (Mid America Apartment Communities Inc), Employment Agreement (Mid America Apartment Communities Inc), Employment Agreement (Mid America Apartment Communities Inc)
Escrow Arrangement. If within thirty (30) days after the effective date of a Change of Control, Control Executive's ’s employment has not been terminated, the Company shall, at the request of Executive, shall deposit with an escrow agent, pursuant to an escrow agreement between the Company and such escrow agent, a sum of money, or other property permitted by such escrow agreement, which is substantially sufficient in the opinion of the Company's ’s management to fund the amounts due to Executive set forth in Section 3 9(b) of this Agreement. The escrow agreement shall provide that such agreement may not be terminated until the earlier of (i) Executive's ’s employment has terminated and all amounts due to Executive as set forth in this Agreement have been paid to Executive or (ii) two three (23) years after the effective date of the Change of Control.
Appears in 2 contracts
Samples: Employment Agreement (Mid America Apartment Communities Inc), Employment Agreement (Mid America Apartment Communities Inc)
Escrow Arrangement. If within thirty (30) days after the effective date of ------------------- a Change of Control, Executive's employment has not been terminated, the Company shall, at the request of Executive, deposit with an escrow agent, pursuant to an escrow agreement between the Company and such escrow agent, a sum of money, or other property permitted by such escrow agreement, which is substantially sufficient in the opinion of the Company's management to fund the amounts due to Executive set forth in Section 3 of this Agreement. --------- The escrow agreement shall provide that such agreement may not be terminated until the earlier of (i) Executive's employment has terminated and all amounts due to Executive as set forth in this Agreement have been paid to Executive or (ii) two (2) years after the effective date of the Change of Control.
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Escrow Arrangement. If within thirty (30) days after the effective date of ------------------ a Change of Control, Executive's employment has not been terminated, the Company shall, at the request of Executive, deposit with an escrow agent, pursuant to an escrow agreement between the Company and such escrow agent, a sum of money, or other property permitted by such escrow agreement, which is substantially sufficient in the opinion of the Company's management to fund the amounts due to Executive set forth in Section 3 of this Agreement. --------- The escrow agreement shall provide that such agreement may not be terminated until the earlier of (i) Executive's employment has terminated and all amounts due to Executive as set forth in this Agreement have been paid to Executive or (ii) two (2) years after the effective date of the Change of Control.
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Escrow Arrangement. If within thirty (30) 30 days after the effective date of a Change of Control, in Control Executive's ’s employment has not been terminated, the Company shall, at the request of Executive, shall deposit with an escrow agent, pursuant to an escrow agreement between the Company and such escrow agent, a sum of money, or other property permitted by such escrow agreement, which is substantially sufficient in the opinion of the Company's ’s management to fund the amounts due to Executive set forth in Section 3 9(b) of this Agreement. The escrow agreement shall provide that such agreement may not be terminated until the earlier of (i) Executive's ’s employment has terminated and all amounts due to Executive as set forth in this Agreement have been paid to Executive or (ii) two (2) three years after the effective date of the Change of in Control.
Appears in 1 contract
Samples: Employment Agreement (Mid America Apartment Communities Inc)
Escrow Arrangement. If within thirty (30) days after the effective date of a Change of Control, Control Executive's employment has not been terminated, the Company shall, at the request of Executive, shall deposit with an escrow agent, pursuant to an escrow agreement between the Company and such escrow agent, a sum of money, or other property permitted by such escrow agreement, which is substantially sufficient in the opinion of the Company's management to fund the amounts due to Executive set forth in Section 3 SECTION 9(b) of this Agreement. The escrow agreement shall provide that such agreement may not be terminated until the earlier of (i) Executive's employment has terminated and all amounts due to Executive as set forth in this Agreement have been paid to Executive or (ii) two three (23) years after the effective date of the Change of Control.
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