Common use of Payments in the Event of Change of Control Clause in Contracts

Payments in the Event of Change of Control. If a "Change of Control" should occur during the Term of this Agreement and if, within six months after the change of control event occurs, (i) the employment of Executive with the Company is terminated by the Company for any reason other than those described in Sections 5.1, 5.2 or 5.3, above; or (ii) the Executive terminates his employment with the Company for Good Reason, as defined below, all of the following provisions shall apply:

Appears in 1 contract

Samples: Employment Agreement (Hirsch International Corp)

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Payments in the Event of Change of Control. If a "Change of Control" should occur during the Term of this Agreement and if, within six (6) months after the change Change of control Control event occurs, (i) the employment of Executive with the Company is terminated by the Company for any reason other than those described in Sections 5.1, 5.2 or 5.3, above; or (ii) the Executive terminates his her employment with the Company for Good Reason, as defined below, all of the following provisions shall apply:

Appears in 1 contract

Samples: Employment Agreement (Hirsch International Corp)

Payments in the Event of Change of Control. If a "Change of Control" should occur during the Term of this Agreement and if, within six (6) months after the change Change of control Control event occurs, (i) the employment of Executive with the Company is terminated by the Company for any reason other than those described in Sections 5.1, 5.2 or 5.3, above; or (ii) the Executive terminates his her employment with the Company for Good Reason, as defined below, all of the following provisions shall apply:

Appears in 1 contract

Samples: Employment Agreement (Hirsch International Corp)

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Payments in the Event of Change of Control. If a "Change of Control" should occur during the Term of this Agreement and if, within six months after the change of control event occursoccurs (the “Change of Control Date”), (i) the employment of Executive with the Company or the successor to the business of the Company is terminated by the Company for any reason other than those described in Sections 5.1, 5.2 or 5.3, above; or (ii) the Executive terminates his employment with the Company for Good Reason, as defined below, all of the following provisions shall apply:

Appears in 1 contract

Samples: Employment Agreement (Hirsch International Corp)

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