PAYMENTS FOR CERTAIN TERMINATIONS OF EMPLOYMENT AFTER A CHANGE IN CONTROL. If Executive elects to terminate his employment for any reason during the six month period commencing on the second anniversary of the Change in Control, or in the event of termination by the Company other than for Cause or termination by Executive for Good Reason within two years after a Change in Control, Executive shall receive all of the payments, and shall be accorded all of the rights, set forth in Section 5.
Appears in 4 contracts
Samples: Management Compensation Agreement (Northwest Airlines Corp), Management Compensation Agreement (Northwest Airlines Corp), Management Compensation Agreement (Northwest Airlines Corp)
PAYMENTS FOR CERTAIN TERMINATIONS OF EMPLOYMENT AFTER A CHANGE
IN CONTROL. If Executive elects to terminate his employment for any reason during the six month period commencing on the second first anniversary of the Change in Control, or in the event of termination by the Company other than for Cause or termination by Executive for Good Reason within two years after a Change in Control, Executive shall receive all of the payments, and shall be accorded all of the rights, set forth in Section 55.2 as soon as practicable (but in no event later than ten (10) days following such termination of employment. All other terminations of Executive's employment shall be governed by Sections 4 and 5 of this Agreement irrespective of a Change of Control.
Appears in 2 contracts
Samples: Management Compensation Agreement (Northwest Airlines Corp), Management Compensation Agreement (Northwest Airlines Corp)
PAYMENTS FOR CERTAIN TERMINATIONS OF EMPLOYMENT AFTER A CHANGE
IN CONTROL. If Executive elects to terminate his Executive's employment terminates for any reason during other than a termination by the Company for Cause, within six month period commencing on months following the second anniversary of the Change in Control, or in the event of termination by the Company other than for Cause or termination by Executive for Good Reason within two years after a Change in Control, Executive shall receive all of the payments, and shall be accorded all of the rights, rinhts set forth in Section 5.in
Appears in 1 contract
Samples: Management Compensation Agreement (Northwest Airlines Corp)
PAYMENTS FOR CERTAIN TERMINATIONS OF EMPLOYMENT AFTER A CHANGE
IN CONTROL. If Executive elects to terminate his employment for any reason during the six month period commencing on the second anniversary of the Change in Control, or in the event of termination by the Company other than for Cause or termination by Executive for Good Reason within two years after a Change in Control, Executive shall receive all of the payments, and shall be accorded all of the rights, set forth in Section 5.the
Appears in 1 contract
Samples: Management Compensation Agreement (Northwest Airlines Corp)
