Common use of Involuntary Termination Relating to a Change in Control Clause in Contracts

Involuntary Termination Relating to a Change in Control. In the event Executive’s employment is terminated on account of (i) an involuntary termination by the Company for any reason other than Cause, death or Disability, or (ii) the Executive voluntarily terminates employment with the Company on account of a resignation for Good Reason, in either case that occurs (x) at the same time as, or within the twelve (12) month period following, the consummation of a Change in Control or (y) within the sixty (60) day period prior to the date of a Change in Control where the Change in Control was under consideration at the time of Executive’s Termination Date, then Executive shall be entitled to the benefits provided in subsection (b) of this Section 3.

Appears in 6 contracts

Samples: Executive Employment Agreement, Executive Consulting Agreement (Core Lithium Corp.), Executive Employment Agreement (Grow Condos, Inc.)

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Involuntary Termination Relating to a Change in Control. In the event Executive’s 's employment is terminated on account of (i) an involuntary termination by the Company for any reason other than Cause, death or Disability, or (ii) the Executive voluntarily terminates employment with the Company on account of a resignation for Good Reason, in either case that occurs (x) at the same time as, or within the twelve (12) month period following, the consummation of a Change in Control or (y) within the sixty (60) day period prior to the date of a Change in Control where the Change in Control was under consideration at the time of Executive’s 's Termination Date, then Executive shall be entitled to the benefits provided in subsection (b) of this Section 3.

Appears in 2 contracts

Samples: Executive Employment Agreement (Gold Lakes Corp.), Executive Employment Agreement (Teamupsport Inc.)

Involuntary Termination Relating to a Change in Control. In the event Executive’s employment is terminated on account of (i) an involuntary termination by the Company for any reason other than Cause, death or Disability, or (ii) the Executive voluntarily terminates employment with the Company on account of a resignation for Good Reason, in either case case, that occurs (x) at the same time as, or within the twelve (12) month period following, the consummation of a Change in Control or (y) within the sixty (60) day period prior to the date of a Change in Control where the Change in Control was under consideration at the time of Executive’s Termination Date, then Executive shall be entitled to the benefits provided in subsection (b) of this Section 3.

Appears in 2 contracts

Samples: Employment Severance Benefits Agreement (Blue Marble Energy Corp), Employment Severance Benefits Agreement (Blue Marble Energy Corp)

Involuntary Termination Relating to a Change in Control. In the event Executive’s employment is terminated on account of (i) an involuntary termination by the Company for any reason other than Cause, death or Disability, or (ii) the Executive voluntarily terminates employment with the Company on account of a resignation for Good Reason, in either case that occurs (x) at the same time as, or within the twelve (12) month period following, the consummation of a Change in Control or (y) within the sixty (60) day period prior to the date of a Change in Control where the Change in Control was under consideration at the time of Executive’s Termination Date, then Executive shall be entitled to the benefits provided in subsection (b) of this Section 34.

Appears in 1 contract

Samples: Executive Employment Agreement (Solei Systems, Inc.)

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Involuntary Termination Relating to a Change in Control. In the event Executive’s employment is terminated on account of (i) an involuntary termination by the Company for any reason other than Cause, death or Disability, or (ii) the Executive voluntarily terminates employment with the Company on account of a resignation for Good Reason, in either case that occurs (x) at the same time as, or within the twelve (12) month period following, the consummation of a Change in Control or (y) within the sixty (60) day period prior to the date of a Change in Control where the Change in Control was under consideration at the time of Executive’s Termination Date, then Executive shall be entitled to the benefits provided in subsection (b) of this Section 3.4. For purposes of this Agreement, “Change in Control” shall mean the occurrence of one (1) of the following:

Appears in 1 contract

Samples: Executive Employment Agreement (Chavant Capital Acquisition Corp.)

Involuntary Termination Relating to a Change in Control. In the event Executive’s 's employment is terminated on account of of: (i) an involuntary termination by the Company for any reason other than Cause, death or Disability, ; or (ii) the Executive voluntarily terminates employment with the Company on account of a resignation for Good Reason, in either case that occurs occurs: (x) at the same time as, or within the twelve (12) month period following, the consummation of a Change in Control Control, or (y) within the sixty (60) day period prior to the date of a Change in Control where the Change in Control was under consideration at the time of Executive’s 's Termination Date, then Executive shall be entitled to the benefits provided in subsection (b) of this Section 35.

Appears in 1 contract

Samples: Executive Employment Agreement (KonaRed Corp)

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