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. a. Definition of "Change in Control."

Appears in 3 contracts

Samples: Executive Employment Agreement (McFarland Energy Inc), Executive Severance Agreement (McFarland Energy Inc), Executive Employment 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. a. Definition of "Change in Control."

Appears in 2 contracts

Samples: Executive Severance Agreement (McFarland Energy Inc), Executive Severance 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. a. Definition of "Change in Control."

Appears in 1 contract

Samples: Executive Severance Agreement (McFarland Energy Inc)

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