Common use of No Change of Control Clause in Contracts

No Change of Control. Except as provided in Section 9(d)(ii) hereof, during the six-month period commencing on the Date of Termination (the “Initial Period”), the Company shall pay the Executive an aggregate amount equal to Executive’s Base Salary, payable in equal installments on the Company’s regular salary payment dates, and any other amounts that would have been payable to or on behalf of the Executive under Section 5(c) hereof (the “Severance Payments”). In addition, the Company shall have the option, by delivering written notice to the Executive in accordance with Section 11 hereof within 90 days after the Date of Termination, to extend the severance period to the first anniversary of the Date of Termination (the “Extended Period”). During the Extended Period, the Company will continue to make Severance Payments at the same annual rate to the Executive. Notwithstanding the foregoing and without in any way modifying the provisions of Sections 7 and 10 hereof, from and after the first date that Executive becomes employed with another Person or provides services as a consultant or other self-employed individual, the Company, at its option, may eliminate or otherwise reduce the amount of Severance Payments otherwise required to be made pursuant to this Section 9(d)(i) to the extent of the compensation and benefits received by the Executive from such other employment or self-employment; or

Appears in 2 contracts

Samples: Employment Agreement (Answerthink Inc), Employment Agreement (Answerthink Inc)

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No Change of Control. Except as provided in Section 9(d)(ii) hereof, during the sixone-month year period commencing on the Date of Termination (the "Initial Period"), the Company shall pay the Executive an aggregate amount equal to Executive’s 's Base Salary, payable in equal installments on the Company’s 's regular salary payment dates, and any other amounts that would have been payable to or on behalf of the Executive under Section 5(c) hereof (the "Severance Payments"). In addition, the Company shall have the option, by delivering written notice to the Executive in accordance with Section 11 hereof within 90 days after the Date of Termination, to extend the severance period to the first second anniversary of the Date of Termination (the "Extended Period"). During the Extended Period, the Company will continue to make Severance Payments at the same annual rate to the Executive. Notwithstanding the foregoing and without in any way modifying the provisions of Sections 7 and 10 hereof, from and after the first date that Executive becomes employed with another Person or provides services as a consultant or other self-employed individual, the Company, at its option, may eliminate or otherwise reduce the amount of Severance Payments otherwise required to be made pursuant to this Section 9(d)(i) to the extent of the compensation and benefits received by the Executive from such other employment or self-employment; or

Appears in 2 contracts

Samples: Employment Agreement (Answerthink Consulting Group Inc), Employment Agreement (Answerthink Inc)

No Change of Control. Except as provided in Section 9(d)(ii) hereof, during the six-month period commencing on the Date of Termination (the Initial Period), the Company shall pay the Executive an aggregate amount equal to Executive’s Executives Base Salary, payable in equal installments on the Company’s Companys regular salary payment dates, and any other amounts that would have been payable to or on behalf of the Executive under Section 5(cSection5(c) hereof (the Severance Payments). In addition, the Company shall have the option, by delivering written notice to the Executive in accordance with Section 11 hereof within 90 days after the Date of Termination, to extend the severance period to the first anniversary of the Date of Termination (the Extended Period). During the Extended Period, the Company will continue to make Severance Payments at the same annual rate to the Executive. Notwithstanding the foregoing and without in any way modifying the provisions of Sections 7 and 10 and10 hereof, from and after the first date that Executive becomes employed with another Person or provides services as a consultant or other self-employed individual, the Company, at its option, may eliminate or otherwise reduce the amount of Severance Payments otherwise required to be made pursuant to this Section 9(d)(iSection9(d)(i) to the extent of the compensation and benefits received by the Executive from such other employment or self-employment; or

Appears in 1 contract

Samples: Employment Agreement (Answerthink Consulting Group Inc)

No Change of Control. Except as provided in Section 9(d)(ii) -------------------- hereof, during the sixone-month year period commencing on the Date of Termination (the "Initial Period"), the Company shall pay the Executive an aggregate amount equal to Executive’s 's Base Salary, payable in equal installments on the Company’s 's regular salary payment dates, and any other amounts that would have been payable to or on behalf of the Executive under Section 5(c) hereof (the "Severance Payments"). In addition, the Company shall have the option, by delivering written notice to the Executive in accordance with Section 11 hereof within 90 days after the Date of Termination, to extend the severance period to the first second anniversary of the Date of Termination (the "Extended Period"). During the Extended Period, the Company will continue to make Severance Payments at the same annual rate to the Executive. Notwithstanding the foregoing and without in any way modifying the provisions of Sections 7 and 10 hereof, from and after the first date that Executive becomes employed with another Person or provides services as a consultant or other self-employed individual, the Company, at its option, may eliminate or otherwise reduce the amount of Severance Payments otherwise required to be made pursuant to this Section 9(d)(i) to the extent of the compensation and benefits received by the Executive from such other employment or self-employment; or

Appears in 1 contract

Samples: Employment Agreement (Answer Think Consulting Group Inc)

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No Change of Control. Except as provided in Section 9(d)(ii) hereof, during the six-month period commencing on the Date of Termination (the "Initial Period"), the Company shall pay the Executive an aggregate amount equal to Executive’s 's Base Salary, payable in equal installments on the Company’s 's regular salary payment dates, and any other amounts that would have been payable to or on behalf of the Executive under Section 5(c) hereof (the "Severance Payments"). In addition, the Company shall have the option, by delivering written notice to the Executive in accordance with Section 11 hereof within 90 days after the Date of Termination, to extend the severance period to the first anniversary of the Date of Termination (the "Extended Period"). During the Extended Period, the Company will continue to make Severance Payments at the same annual rate to the Executive. Notwithstanding the foregoing and without in any way modifying the provisions of Sections 7 and 10 hereof, from and after the first date that Executive becomes employed with another Person or provides services as a consultant or other self-employed individual, the Company, at its option, may eliminate or otherwise reduce the amount of Severance Payments otherwise required to be made pursuant to this Section 9(d)(i) to the extent of the compensation and benefits received by the Executive from such other employment or self-employment; or

Appears in 1 contract

Samples: Employment Agreement (Answerthink Consulting Group Inc)

No Change of Control. Except as provided in Section 9(d)(ii) -------------------- hereof, during the six-month period commencing on the Date of Termination (the "Initial Period"), the Company shall pay the Executive an aggregate amount equal to Executive’s 's Base Salary, payable in equal installments on the Company’s 's regular salary payment dates, and any other amounts that would have been payable to or on behalf of the Executive under Section 5(c) hereof (the "Severance Payments"). In addition, the Company shall have the option, by delivering written notice to the Executive in accordance with Section 11 hereof within 90 days after the Date of Termination, to extend the severance period to the first anniversary of the Date of Termination (the "Extended Period"). During the Extended Period, the Company will continue to make Severance Payments at the same annual rate to the Executive. Notwithstanding the foregoing and without in any way modifying the provisions of Sections 7 and 10 hereof, from and after the first date that Executive becomes employed with another Person or provides services as a consultant or other self-employed individual, the Company, at its option, may eliminate or otherwise reduce the amount of Severance Payments otherwise required to be made pursuant to this Section 9(d)(i) to the extent of the compensation and benefits received by the Executive from such other employment or self-employment; or

Appears in 1 contract

Samples: Employment Agreement (Answer Think Consulting Group Inc)

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