POSSIBILITY OF CHANGE IN CONTROL. Executive understands and acknowledges that the Company may be merged or consolidated with or into another entity and that such entity shall automatically succeed to the rights and obligations of the Company hereunder or that the Company may undergo another type of Change in Control. In the event such a merger or consolidation or other Change in Control is initiated prior to the end of the Term, then the provisions of this paragraph 4(b)(vi) shall be applicable.
Appears in 9 contracts
Samples: Employment Agreement (Brillian Corp), Employment Agreement (Syntax-Brillian Corp), Employment Agreement (Brillian Corp)
POSSIBILITY OF CHANGE IN CONTROL. Executive understands and acknowledges that the Company may be merged or consolidated with or into another entity and that such entity shall automatically succeed to the rights and obligations of the Company hereunder or that the Company may undergo another type of Change in Control. In the event such a merger or consolidation or other Change in Control is initiated prior to the end of the Term, then the provisions of this paragraph Section 4(b)(vi) shall be applicable.
Appears in 8 contracts
Samples: Employment Agreement (Schmitt Industries Inc), Employment Agreement (Schmitt Industries Inc), Employment Agreement (Schmitt Industries Inc)
POSSIBILITY OF CHANGE IN CONTROL. Executive understands and acknowledges that the Company may be merged or consolidated with or into another entity and that such entity shall automatically succeed to the rights and obligations of the Company hereunder or that the Company may undergo another type of Change in Control. In the event such a merger or consolidation or other Change in Control is initiated prior to the end of the Term, then the provisions of this paragraph 4(b)(viSection 4(b)(vii) shall be applicable.
Appears in 2 contracts
Samples: Employment Agreement (Marinemax Inc), Employment Agreement (Marinemax Inc)
POSSIBILITY OF CHANGE IN CONTROL. Executive understands and acknowledges that the Company may be merged or consolidated with or into another entity and that such entity shall automatically succeed to the rights and obligations of the Company hereunder or that the Company may undergo another type of Change in Control. In the event such a merger or consolidation or other Change in Control is initiated prior to the end of the Term, then the provisions of this paragraph 4(b)(vi4(b)(vii) shall be applicable.
Appears in 1 contract
Samples: Employment Agreement (Marinemax Inc)
