Common use of Involuntary Termination by the Company Other Clause in Contracts

Involuntary Termination by the Company Other. Than For Permanent and Total Disability or Cause. The Company may terminate the Executive's employment at any time other than (i) by reason of the Executive's Permanent and Total Disability (as defined in Section 5.2) or (ii) for Cause (as defined in Section 5.3), by giving the Executive a written notice of termination at least 30 days before the date of termination (or such lesser notice period as the Executive may agree to). In the event of such a termination of employment pursuant to this Section 5.1, the Executive shall be entitled to receive (i) the benefits described in Section 8 if such termination of employment does not occur within 12 months following a "Change of Control" (as defined in Section 10), or (ii) the benefits described in Section 9 if such termination of employment occurs within 12 months following a "Change of Control" (as defined in Section 10).

Appears in 7 contracts

Samples: Employment Agreement (Lydall Inc /De/), Employment Agreement (Lydall Inc /De/), Employment Agreement (Lydall Inc /De/)

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Involuntary Termination by the Company Other. Than For Permanent and Total Disability or Cause. The Company may terminate the Executive's employment at any time other than (i) by reason of the Executive's Permanent and Total Disability (as defined in Section 5.2) or (ii) for Cause (as defined in Section 5.3), by giving the Executive a written notice of termination ter -mination at least 30 days before the date of termination (or such lesser notice period as the Executive may agree to). In the event of such a termination of employment pursuant to this Section 5.1, the Executive shall be entitled to receive (i) the benefits described in Section 8 if such termination of employment does not occur within 12 months following a "Change of Control" (as defined in Section 10), or (ii) the benefits described in Section 9 if such termination of employment occurs within 12 months following a "Change of Control" (as defined in Section 10).

Appears in 1 contract

Samples: Employment Agreement (Lydall Inc /De/)

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