Common use of EXTENSION UPON CHANGE OF CONTROL Clause in Contracts

EXTENSION UPON CHANGE OF CONTROL. If a Change of Control (as defined in paragraph 7.1 below) shall occur during the Term or any renewal thereof, the Term shall automatically be extended for a period of five years from the date on which such Change of Control occurs.

Appears in 8 contracts

Samples: Employment Agreement (First Security Corp /Ut/), Employment Agreement (First Security Corp /Ut/), Employment Agreement (First Security Corp /Ut/)

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EXTENSION UPON CHANGE OF CONTROL. If a Change of Control (as defined in paragraph 7.1 7.1, below) shall occur during the Term or any renewal thereof, the Term shall automatically be extended for a period of five three years from the date on which such Change of Control occurs.

Appears in 2 contracts

Samples: Employment Agreement (First Security Corp /Ut/), Employment Agreement (First Security Corp /Ut/)

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