Common use of Obligations of the Company Upon Termination Clause in Contracts

Obligations of the Company Upon Termination. (a) If, during the two (2) year period commencing on the Effective Date and ending on the second anniversary of the Effective Date, (i) the Company shall Terminate the Executive’s employment without Cause, or (ii) the Executive shall Terminate employment for Good Reason, then the Company shall pay to Executive the Severance Payment (defined below).

Appears in 8 contracts

Samples: Change of Control Severance Agreement (Artivion, Inc.), Change of Control Severance Agreement (Artivion, Inc.), Change of Control Severance Agreement (Artivion, Inc.)

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Obligations of the Company Upon Termination. (a) If, during the two (2) year period commencing on the Effective Date and ending on the second anniversary of the Effective Date, (i) the Company shall Terminate the ExecutiveOfficer’s employment without Cause, or (ii) the Executive Officer shall Terminate employment for Good Reason, then the Company shall pay to Executive Officer the Severance Payment (defined below).

Appears in 6 contracts

Samples: Change of Control Agreement (Cryolife Inc), Change of Control Agreement (Cryolife Inc), Change of Control Agreement (Cryolife Inc)

Obligations of the Company Upon Termination. (a) If, during the two (2) year period commencing on the Effective Date and ending on the second anniversary of the Effective Date, (i) the Company shall Terminate terminate the ExecutiveOfficer’s employment without Cause, or (ii) the Executive Officer shall Terminate terminate employment for Good Reason, then the Company shall pay to Executive Officer the Severance Payment (defined below).

Appears in 5 contracts

Samples: Change of Control Agreement (Cryolife Inc), Change of Control Agreement (Cryolife Inc), Change of Control Agreement (Cryolife Inc)

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Obligations of the Company Upon Termination.  (a) If, during the two (2) year period commencing on the Effective Date and ending on the second anniversary of the Effective Date, (i) the Company shall Terminate the Executive’s employment without Cause, or (ii) the Executive shall Terminate employment for Good Reason, then the Company shall pay to Executive the Severance Payment (defined below).. 

Appears in 4 contracts

Samples: Change of Control Severance Agreement (Cryolife Inc), Change of Control Severance Agreement (Cryolife Inc), Change of Control Severance Agreement (Cryolife Inc)

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