Executive’s Option to Terminate This Agreement. It is expressly recognized by the parties that a Business Combination would necessarily result in material alteration or diminishment of Executive’s position and responsibilities. Therefore, if during the term of this Agreement, there shall occur, with or without the consent of the Company or GRDH, any Business Combination or Change in Control, Executive shall have an exclusive option to terminate this Agreement on twenty (20) calendar day’s notice to the Company.
Appears in 5 contracts
Samples: Executive Employment Agreement (Guardian 8 Holdings), Executive Employment Agreement (Guardian 8 Holdings), Executive Employment Agreement (Guardian 8 Holdings)
Executive’s Option to Terminate This Agreement. It is expressly recognized by the parties that a Business Combination would necessarily result in material alteration or diminishment of Executive’s position and responsibilities. Therefore, if during the term of this Agreement, there shall occur, with or without the consent of the Company or GRDHCompany, any Business Combination or Change in Control, Executive shall have an exclusive option to terminate this Agreement on twenty (20) calendar day’s notice to the Company.
Appears in 1 contract
Samples: Executive Employment Agreement (Guardian 8 Holdings)
