Common use of Involuntary Termination in Connection with a Change of Control Clause in Contracts

Involuntary Termination in Connection with a Change of Control. If during the Change of Control Period, (A) the Company (or any parent or subsidiary of the Company) terminates Executive’s employment without Cause (and not due to Executive’s Disability or death), or (B) Executive resigns his or her employment as a result of a Constructive Termination (each, a “Qualifying Termination”), then, subject to Section 4, Executive will receive the following severance from the Company: Infinera Confidential

Appears in 2 contracts

Samples: Change of Control Severance Agreement (INFINERA Corp), Change of Control Severance Agreement (INFINERA Corp)

AutoNDA by SimpleDocs

Involuntary Termination in Connection with a Change of Control. If during the in Connection with a Change of Control Period(i) Executive terminates his or her employment with the Company (or any parent, subsidiary or successor of the Company) for “Good Reason” (Aas defined herein) or (ii) the Company (or any parent parent, subsidiary or subsidiary successor of the Company) terminates Executive’s employment without Cause “Cause” (as defined herein) and Executive signs and does not due to Executive’s Disability or death), or (B) Executive resigns his or her employment as a result revoke the release of a Constructive Termination (each, a “Qualifying Termination”), then, subject to claims required by Section 4, Executive will receive the following severance benefits from the Company: Infinera Confidential:

Appears in 1 contract

Samples: Change of Control Severance Agreement (Foundry Networks Inc)

AutoNDA by SimpleDocs

Involuntary Termination in Connection with a Change of Control. If during the in connection with a Change of Control PeriodControl, (Ai) Executive terminates his or her employment with the Company (or any parent, subsidiary or successor of the Company) for “Good Reason” (as defined herein) or (ii) the Company (or any parent parent, subsidiary or subsidiary successor of the Company) terminates Executive’s employment without Cause “Cause” (and not due to Executive’s Disability or deathas defined herein), or (B) and Executive resigns his or her employment as a result signs and does not revoke the release of a Constructive Termination (each, a “Qualifying Termination”), then, subject to claims required by Section 4, Executive will receive the following severance benefits from the Company: Infinera Confidential:

Appears in 1 contract

Samples: Change of Control Severance Agreement (Outdoor Channel Holdings Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.