Operative Event. Notwithstanding any provision herein to the contrary, no amounts shall be payable hereunder unless and until there is a Change in Control at a time when the Executive is employed by the Company.
Operative Event. No amounts shall be payable hereunder unless and until there is a Change in Control.
Operative Event. Notwithstanding any provision herein to the contrary, no amounts shall be payable hereunder unless and until there is a Change in Control at a time when the Executive is employed by the Company and a subsequent termination of employment of the Executive.
Operative Event. Notwithstanding any provision herein to the contrary, no amounts shall be payable hereunder unless the Executive’s employment with the Company is terminated in a Qualifying Termination.
Operative Event. The term as defined in the respective Assignment and Subrogation Agreements, as amended pursuant to Section 2.1(g) hereof.
Operative Event. 2 ARTICLE II Restrictions on Transfer. . . . . . . . . . . . . . . . . . . . . 3 Section 2.1 Restrictions on Transfer. . . . . . . . . . . . . . . . . . . . . 3 Section 2.2 Effect of Purported Transfer. . . . . . . . . . . . . . . . . . . 4 Section 2.3 Beneficial Ownership. . . . . . . . . . . . . . . . . . . . . . . 4
Operative Event. The term "OPERATIVE EVENT" shall mean, with respect to any Shareholder, any of the following events:
Operative Event. Except as provided in Section 3(d), but notwithstanding any other provision herein to the contrary, no amounts shall be payable hereunder unless and until there is a Change in Control at a time when Executive is employed by the Company.
12. Section 8(a) of the Agreement is hereby amended to read as follows:
(a) This Agreement shall be effective on the date hereof and shall continue until terminated by the Company as provided in paragraph (b) of this Section 8; provided, however, that this Agreement shall terminate in any event upon the first to occur of (i) Executive's 70th birthday, (ii) Executive's death or (iii) except as provided in Section 3(d) hereof, termination of Executive's employment with the Company prior to a Change in Control.
13. Section 9 of the Agreement is hereby amended to read as follows:
Operative Event. Notwithstanding any provision herein to the contrary, [except for payments under Section 3(c),] no amounts shall be payable hereunder unless and until there is a Change in Control at a time when Employee is employed by the Company.
Operative Event. Notwithstanding any provision herein to the contrary, except as set forth in Section 3(c), no amounts shall be payable hereunder unless and until the Merger is consummated at a time when the Executive is employed by the Company.
