Common use of Payment and Other Provisions After Change of Control Clause in Contracts

Payment and Other Provisions After Change of Control. a. SALARY, PERFORMANCE AWARD, AND BONUS PAYMENTS. In the event Employee’s employment with the Company is terminated within one (1) year following the occurrence of a Change of Control (other than as a consequence of his death or Disability (as defined below), or of his normal retirement under the Company’s retirement plans and practices) either (i) by the Company for any reason other than Cause or (ii) by Employee for Good Reason, Employee shall be entitled to receive from the Company, the following:

Appears in 3 contracts

Samples: Employment Agreement (Quepasa Corp), Employment Agreement (Quepasa Corp), Employment Agreement (Quepasa Corp)

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Payment and Other Provisions After Change of Control. a. SALARY, PERFORMANCE AWARD, AND BONUS PAYMENTS. : In the event Employee’s 's employment with the Company is terminated within one (1) year three years following the occurrence of a Change of Control (other than as a consequence of his death or Disability (as defined below)disability, or of his normal retirement under the Company’s 's retirement plans and practices) either (ix) by the Company for any reason other than Cause without "Cause" or (iiy) by Employee for with Good ReasonReason as provided in Paragraph 6, then Employee shall be entitled to receive from the Company, the following:

Appears in 1 contract

Samples: Employment Agreement (Outsource International Inc)

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Payment and Other Provisions After Change of Control. a. SALARY, PERFORMANCE AWARD, AND BONUS PAYMENTS. In the event Employee’s 's employment with the Company is terminated within one (1) year following the occurrence of a Change of Control (other than as a consequence of his death or Disability (as defined below)disability, or of his normal retirement under the Company’s 's retirement plans and practices) either (i) by the Company for any reason other than Cause whatsoever or (ii) by Employee for with Good ReasonReason as provided in Paragraph 6, then Employee shall be entitled to receive from the Company, the following:

Appears in 1 contract

Samples: Employment Agreement (Cyberguard Corp)

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