Common use of Operation and Term of Agreement Clause in Contracts

Operation and Term of Agreement. This Agreement shall be effective immediately upon its execution. This Agreement may be terminated by the Company upon 24 months' advance written notice to the Executive; provided, however, that after a Change in Control of the Company during the term of this Agreement, this Agreement shall remain in effect until all of the obligations of the parties under the Agreement are satisfied and the Protection Period has expired. Prior to a Change in Control this Agreement shall immediately terminate upon termination of the Executive's employment or upon the Executive's ceasing to be an elected officer of the Company.

Appears in 10 contracts

Samples: Change in Control Agreement (Parkway Properties Inc), Change in Control Agreement, Change in Control Agreement (Amerivest Properties Inc)

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Operation and Term of Agreement. This Agreement shall be effective immediately upon its execution. This Agreement may be terminated by the Company upon 24 months' two year's advance written notice to the Executive; provided, however, that after a Change in Control of the Company during the term of this Agreement, this Agreement shall remain in effect until all of the obligations of the parties under the Agreement hereunder are satisfied and the Protection Period has expired. Prior to a Change in Control Control, this Agreement shall immediately terminate upon termination of the Executive's employment or upon the Executive's ceasing to be an elected officer of the Company, except in the case of such termination under circumstances set forth in Section 2(e) below.

Appears in 4 contracts

Samples: Change of Control Agreement (Core Industries Inc), Change of Control Agreement (Core Industries Inc), Change of Control Agreement (Core Industries Inc)

Operation and Term of Agreement. This Agreement shall be effective immediately upon its execution. This Agreement may be terminated by the Company upon 24 months' two year's advance written notice to the Executive; provided, however, that after a Change in Control of the Company during the term of this Agreement, this Agreement shall remain in effect until all of the obligations of the parties under the Agreement hereunder are satisfied and the Protection Period has expiredsatisfied. Prior to a Change in Control Control, this Agreement shall immediately terminate upon termination of the Executive's employment or upon the Executive's ceasing to be an elected officer of the Company, except in the case of such termination under circumstances set forth in Section 2(e) below.

Appears in 4 contracts

Samples: Change of Control Agreement (Thorn Apple Valley Inc), Change of Control Agreement (Thorn Apple Valley Inc), Change of Control Agreement (Thorn Apple Valley Inc)

Operation and Term of Agreement. This Agreement shall be effective immediately upon its executionas of the date first set forth above. This Agreement may be terminated by the Company upon 24 12 months' advance written notice to the Executive; provided, however, that after a Change in Control of the Company Date during the term of this Agreement, including during the 12 month period following any notice of termination, this Agreement shall remain in effect until all of the obligations of the parties under the Agreement are satisfied and the Protection Period has expired. Prior to a Change in Control Date, this Agreement shall immediately terminate upon termination of the Executive's employment or upon the Executive's ceasing to be an elected officer of the Company.

Appears in 4 contracts

Samples: Change in Control Agreement, Change in Control Agreement (American Eagle Outfitters Inc), Change in Control Agreement (American Eagle Outfitters Inc)

Operation and Term of Agreement. This Agreement shall be effective immediately upon its execution. This Agreement may be terminated by the Company upon 24 months' advance written notice to the Executive; provided, however, that after a Change in Control of the Company during the term of this Agreement, this Agreement shall remain in effect until all of the obligations of the parties under the Agreement are satisfied and the Protection Period (as defined below) has expired. Prior to a Change in Control this Agreement shall immediately terminate upon termination Termination of the Executive's ’s employment or upon the Executive's ’s ceasing to be an elected officer of the Company, except in the case of such Termination under circumstances set forth in Section 2(g), 3, or 4 below.

Appears in 3 contracts

Samples: Severance and Change in Control Agreement (Eastgroup Properties Inc), Severance and Change in Control Agreement (Eastgroup Properties Inc), Severance and Change in Control Agreement (Eastgroup Properties Inc)

Operation and Term of Agreement. This Agreement shall be effective immediately upon its executionas of the date first set forth above. This Agreement may be terminated by the Company upon 24 12 months' advance written notice to the Executive; provided, however, that after a Change in Control of the Company Date during the term of this Agreement, including during the 12 month period following any notice of termination, this Agreement shall remain in effect until all of the obligations of the parties under the Agreement are satisfied and the Protection Period has expired. Prior to a Change in Control Date, this Agreement shall immediately terminate upon termination of the Executive's ’s employment or upon the Executive's ’s ceasing to be an elected officer of the Company.

Appears in 3 contracts

Samples: Change in Control Agreement (American Eagle Outfitters Inc), Change in Control Agreement (American Eagle Outfitters Inc), Change in Control Agreement (American Eagle Outfitters Inc)

Operation and Term of Agreement. This Agreement shall be effective immediately upon its executionas of the date first set forth above. This Agreement may be terminated by the Company upon 24 months' advance written notice to the Executive; provided, however, that after a Change in Control of the Company during the term of this Agreement, this Agreement shall remain in effect until all of the obligations of the parties under the Agreement are satisfied and the Protection Period has expired. Prior to a Change in Control Control, this Agreement shall immediately terminate upon termination of the Executive's ’s employment or upon the Executive's ’s ceasing to be an elected officer of the Company.

Appears in 2 contracts

Samples: Change in Control Agreement (Red Robin Gourmet Burgers Inc), Change in Control Agreement (Red Robin Gourmet Burgers Inc)

Operation and Term of Agreement. This Agreement shall be effective immediately upon its execution. This Agreement may be terminated by the Company upon 24 months' advance written notice to the Executive, except as otherwise provided in Section 4 of this Agreement; and provided, however, that after a Change in Control of the Company during the term of this Agreement, this Agreement shall remain in effect until all of the obligations of the parties Parties under the this Agreement are satisfied and the Protection Period has expired. Prior to a Change in Control Control, this Agreement shall immediately terminate upon termination of the Executive's ’s employment or upon the Executive's ’s ceasing to be an elected officer of the Company.

Appears in 2 contracts

Samples: Control and Executive Employment Agreement (Amerivest Properties Inc), Control and Term Employment Agreement (Amerivest Properties Inc)

Operation and Term of Agreement. This Agreement shall be effective immediately upon its execution. This Agreement may be terminated by the Company upon 24 months' 18 months advance written notice to the Executive; provided, however, that after a Change in Control of the Company during the term of this Agreement, this Agreement shall remain in effect until all of the obligations of the parties under the Agreement hereunder are satisfied and the Protection Period has expired. Prior to a Change in Control Control, this Agreement shall immediately terminate upon termination of the Executive's employment or upon employment, except in the Executive's ceasing to be an elected officer case of the Companysuch termination under circumstances set forth in Section 2(e) below.

Appears in 2 contracts

Samples: Change of Control Agreement (Durakon Industries Inc), Change of Control Agreement (Durakon Industries Inc)

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Operation and Term of Agreement. This Agreement shall be effective immediately upon its execution. This Agreement may be terminated by the Company upon 24 months' two year's advance written notice to the Executive; provided, however, that after a Change in Control of the Company during the term of this Agreement, this Agreement shall remain in effect until all of the obligations of the parties under the Agreement hereunder are satisfied and the Protection Period has expired. Prior to a Change in Control Control, this Agreement shall immediately terminate upon termination of the Executive's employment or upon the Executive's ceasing to be an elected officer of the Company, except in the case of such termination under circumstances set forth in Section 2(e) below. 2.

Appears in 1 contract

Samples: Change of Control Agreement (Core Industries Inc)

Operation and Term of Agreement. This Agreement shall be effective immediately upon its execution. This Agreement may be terminated by the Company upon 24 months' 18 months advance written notice to the Executive; provided, however, that after a Change in Control of the Company during the term of this Agreement, this Agreement shall remain in effect until all of the obligations of the parties under the Agreement hereunder are satisfied and the Protection Period has expired. Prior to a Change in Control this Agreement shall immediately terminate upon termination of the Executive's employment or upon the Executive's ceasing to be an elected officer of the Company.has

Appears in 1 contract

Samples: Change of Control Agreement (Durakon Industries Inc)

Operation and Term of Agreement. This Agreement shall be effective immediately upon its execution. This Agreement may be terminated by the Company upon 24 months' advance written notice to the Executive, except as otherwise provided in this Agreement; and provided, however, that after a Change in Control of the Company during the term of this Agreement, this Agreement shall remain in effect until all of the obligations of the parties under the Agreement are satisfied and the Protection Period has expired. Prior to a Change in Control this Agreement shall immediately terminate upon termination of the Executive's ’s employment or upon the Executive's ’s ceasing to be an elected officer of the Company.

Appears in 1 contract

Samples: Change in Control and Term Employment Agreement (Amerivest Properties Inc)

Operation and Term of Agreement. This Agreement shall be effective immediately upon its executionas of the date first set forth above. This Agreement may be terminated by the Company upon 24 12 months' advance written notice to the Executive; provided, however, that after a Change in Control of the Company during the term of this Agreement, this Agreement shall remain in effect until all of the obligations of the parties under the Agreement are satisfied and the Protection Period has expired. Prior to a Change in Control this Agreement shall immediately terminate upon termination of the Executive's ’s employment or upon the Executive's ’s ceasing to be an elected officer of the Company.

Appears in 1 contract

Samples: Change in Control Agreement (Infinity Energy Resources, Inc)

Operation and Term of Agreement. This Agreement shall be effective immediately upon its execution. This Agreement may be terminated by the Company upon 24 months' advance written notice to the Executive, except as otherwise provided in Section 4 of this Agreement; and provided, however, that after a Change in Control of the Company during the term of this Agreement, this Agreement shall remain in effect until all of the obligations of the parties Parties under the this Agreement are satisfied and the Protection Period has expired. Prior to a Change in Control Control, this Agreement shall immediately terminate upon termination of the Executive's ’s employment or upon the Executive's ’s ceasing to be an elected officer of the Company.

Appears in 1 contract

Samples: Control and Term Employment Agreement (Amerivest Properties Inc)

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