Common use of Notification of Future Employment Clause in Contracts

Notification of Future Employment. The Executive agrees that, until the Payment Period provided in Section 4(b)(i) has ended (whether or not the Executive is entitled to the payments and benefits provided in Section 4(b)) in the event a Change in Control occurs while the Executive is employed by the Company or any of its subsidiaries or affiliates, the Executive will disclose to the Company any employment obtained by the Executive after the termination of the Executive’s employment with the Company and its subsidiaries and affiliates. Such disclosure shall be made within two weeks of the Executive’s obtaining such employment. The Executive expressly consents to and authorizes the Company to disclose to any subsequent employer of the Executive both the existence and terms of this Agreement and to take any steps the Company deems necessary to enforce this Agreement.

Appears in 8 contracts

Samples: Change in Control Agreement (Pinnacle Bankshares Corp), Change in Control Agreement (Pinnacle Bankshares Corp), Change in Control Agreement (Pinnacle Bankshares Corp)

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Notification of Future Employment. The Executive agrees that, until the Payment Period provided in Section 4(b)(i5(b)(i) has ended (whether or not the Executive is entitled to the payments and benefits provided in Section 4(b5(b)) in the event a Change in Control occurs while the Executive is employed by the Company or any of its subsidiaries or affiliates, the Executive will disclose to the Company any employment obtained by the Executive after the termination of the Executive’s employment with the Company and its subsidiaries and affiliates. Such disclosure shall be made within two weeks of the Executive’s obtaining such employment. The Executive expressly consents to and authorizes the Company to disclose to any subsequent employer of the Executive both the existence and terms of this Agreement and to take any steps the Company deems necessary to enforce this Agreement.

Appears in 2 contracts

Samples: Change in Control Agreement (Pinnacle Bankshares Corp), Change in Control Agreement (Pinnacle Bankshares Corp)

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Notification of Future Employment. The Executive agrees that, until the Payment Period provided in Section 4(b)(i) has ended (whether or not the Executive is entitled to the payments and benefits provided in Section 4(b)) ), in the event a Change in Control occurs while the Executive is employed by the Company or any of its subsidiaries or affiliates, the Executive will disclose to the Company any employment obtained by the Executive after the termination of the Executive’s employment with the Company and its subsidiaries and affiliates. Such disclosure shall be made within two weeks of the Executive’s obtaining such employment. The Executive expressly consents to and authorizes the Company to disclose to any subsequent employer of the Executive both the existence and terms of this Agreement and to take any steps the Company deems necessary to enforce this Agreement.

Appears in 1 contract

Samples: Change in Control Agreement (Pinnacle Bankshares Corp)

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