Common use of Impact of Change in Control Clause in Contracts

Impact of Change in Control. In the event of a "Change in Control" of the Company, as defined in Section 6.2, (i) if the Executive's employment is involuntarily terminated during the Employment Term without Cause after the Change in Control, (a) the covenants of Sections 9.1, 9.3 and 10 will be inapplicable to the Executive, and (b) the covenant of Section 9.2 will expire on the third anniversary of the date of termination of the Executive's employment, and (ii) the definition of Good Reason, as set forth in Section 5.4(i) above, will be expanded to include the following subject to the last sentence of Section 5.4(i):

Appears in 3 contracts

Samples: Employment Agreement (Sierra Pacific Resources), Employment Agreement (Sierra Pacific Resources), Employment Agreement (Nevada Power Co)

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Impact of Change in Control. In the event of a "Change in Control" of --------------------------- the Company, as defined in Section 6.2, (i) if the Executive's employment is involuntarily terminated during the Employment Term without Cause after the Change in Control, (a) the covenants of Sections 9.1, 9.3 9.3, and 10 will be inapplicable to the Executive, and (b) the covenant of Section 9.2 will expire on the third anniversary of the date of termination of the Executive's employment, and (ii) the definition of Good Reason, as set forth in Section 5.4(i) above, will be expanded to include the following subject to the last sentence of Section 5.4(i):following:

Appears in 2 contracts

Samples: Employment Agreement (Nevada Power Co), Employment Agreement (Nevada Power Co)

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