Common use of Payment of Benefits In The Event Clause in Contracts

Payment of Benefits In The Event. Of Termination Of Employment Following A Change in Control. In the event that a "Change in Control" (as defined in this Section) occurs on or before December 31, 1999, and that the employment of Executive is thereafter "Involuntarily Terminated" (as defined in this Section) within twenty-four (24) calendar months after the effective date of the Change in Control, the Company (or Post-Change Employer as hereinafter described and defined) will provide Executive with the benefits set forth in this Section.

Appears in 3 contracts

Samples: Agreement (McFarland Energy Inc), Agreement (McFarland Energy Inc), Agreement (McFarland Energy Inc)

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Payment of Benefits In The Event. Of Termination Of Employment Following A Change in Control. In the event that a "Change in Control" (as defined in this Section) occurs on or before December 31, 1999, and that the employment of Executive is thereafter "Involuntarily Terminated" (as defined in this Section) within twenty-four (24) calendar months after of the effective date of the Change in Control, the Company (or Post-Change Employer as hereinafter described and defined) will provide Executive with the benefits set forth in this Section.

Appears in 2 contracts

Samples: Agreement (McFarland Energy Inc), Agreement (McFarland Energy Inc)

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Payment of Benefits In The Event. Of Termination Of Employment ------------------------------------------------------------- Following A Change in Control. ------------------------------ In the event that a "Change in Control" (as defined in this Section) occurs on or before December 31, 1999, and that the employment of Executive is thereafter "Involuntarily Terminated" (as defined in this Section) within twenty-four (24) calendar months after of the effective date of the Change in Control, the Company (or Post-Change Employer as hereinafter described and defined) will provide Executive with the benefits set forth in this Section.

Appears in 1 contract

Samples: Agreement (McFarland Energy Inc)

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