Protected Period. The length of Protected Period, as that term is herein defined, shall be days.
Protected Period. The “Protected Period” is the period from the time of occurrence of a Change in Control until the date that is twenty-four (24) months after the occurrence of the Change in Control. Notwithstanding the preceding sentence, the introductory text to Section 3 provides that certain events occurring before a Change in Control shall be deemed to have occurred during the Protected Period.
Protected Period. For purposes of this Agreement, “Protected Period” shall mean the period of time commencing on the date of a Change in Control and ending two years after such date.
Protected Period. The Company hereby agrees to continue the Executive in its employ, and the Executive hereby agrees to remain in the employ of the Company subject to the terms and conditions of this Agreement, for the period commencing on the Effective Date and ending on the second anniversary of such date (the “Protected Period”).
Protected Period. In the event that during the Protected Period, as that term is defined below, following termination or expiration of this Brokerage Agreement, Buyer purchases, options or contracts to purchase or exchange, or contracts to purchase ownership interest in a legal entity which owns, leases or lease purchases any property which during the term of this Agreement was submitted to, identified or shown to Buyer by Broker or for which Broker provided information about to Buyer, then notwithstanding any provision to the contrary contained herein, Buyer shall pay Broker at closing or the commencement of any lease, if applicable, the commission or commissions set forth above. The term “Protected Period” shall refer to the period following the earlier of either: (a) the expiration of this Agreement; or (b) the date that the Agreement is terminated upon the mutual, written consent of the Broker and Buyer. In addition, if this Agreement is terminated by Buyer without the express, written consent of Broker, the Protected Period shall be the time period referenced above plus the number of days remaining on the term of the Agreement at the time it was terminated early without the express written consent of Broker. In such event, the Protected Period shall commence from the date this Agreement was terminated early without the express, written consent of Broker. For the purposes of this paragraph, the term “Buyer” shall include Buyer, all members of the Buyer’s immediate family, any legal entity in which Buyer or any member of Buyer’s immediate family owns or controls, directly or indirectly, more than ten percent (10%) of the shares or interests therein, and any third party who is acting under the direction or control of any of the above parties. Rights and obligations set forth herein shall survive the termination or expiration of this Agreement.
Protected Period. The “Protected Period” shall mean the period of time beginning with the Change of Control and ending on the two-year anniversary of such Change of Control or Executive’s death, if earlier; provided, however, if Executive’s employment with the Company is terminated by the Company other than for Cause during the Term and within six months prior to the date on which a Change of Control occurs (e.g., not during the Protected Period), and it is reasonably demonstrated by Executive that such termination was at the request of a third party who has taken steps reasonably calculated to effect the Change of Control, or otherwise arose in connection with or anticipation of the Change of Control, then for purposes of determining whether a Qualifying Termination has occurred and only for such purposes, the Change of Control shall be deemed to have occurred on the date immediately prior to the Date of Termination and Executive shall be deemed to have experienced a Qualifying Termination by the Company other than for Cause.
Protected Period. The term “Protected Period” means the two (2)-year period following a Change in Control.
Protected Period. The Protected Period shall be the period of time set forth in this Agreement commencing upon the expiration or the unilateral termination of this Agreement by Seller during which Broker shall be protected for its Commission or Leasing Commission, as applicable. If this Agreement is unilaterally terminated by Seller without the consent of the Broker, the Protected Period shall be the number of days remaining on what would have been the original listing as of the date the Seller terminates the Agreement plus the number of days set forth as the Protected Period in Section A.5 of this Agreement. There shall be no Protected Period if Broker and Seller mutually agree to terminate this Agreement. In the event that during the Protected Period, Seller enters into a Contract to Sell or lease, lease/purchase, or lease with an option to purchase of all or any portion of the Property which during the term of this Agreement was submitted to, identified or shown to any buyer (either in person or virtually), was provided specific information about or inquired about the Property, either directly or through a broker working with the buyer, then Seller shall pay Broker at closing or the commencement of the lease, lease/purchase, or lease with an option to purchase, as applicable, the Commission or Leasing Commission set forth above. Notwithstanding the above, if this Agreement expires (and is not unilaterally terminated by Seller) an exception to the above Commission obligations shall apply and no Commission or Leasing Commission, as applicable, shall be due, owing or paid to Broker if Seller enters into a Contract to Sell or lease, lease/purchase, or lease with an option to purchase all or any portion of the Property during the Protected Period by or through another licensed broker with whom Seller has signed an exclusive seller brokerage engagement agreement. This exception shall not apply if the Agreement is unilaterally terminated by Seller. The Commission rights and obligations set forth herein shall survive the termination of this Agreement.
Protected Period. (a) This Agreement is intended to provide the Employee with certain special benefits and to grant certain special protections so that the Employee may more fully focus on the issues related to a "Change of Control," as hereinafter defined, and to reward the Employee for the substantial extra effort involved in a Change of Control.
(b) In order to provide the protections deemed necessary and appropriate by the Parties, the Parties agree to the establishment of a period during which such protections apply. Such period shall be referred to in this Agreement as the "Protected Period." The Protected Period shall be as follows:
(i) The Protected Period shall be the one (1) year period commencing on the date a Change of Control occurs and ending on the first anniversary thereof; and
(ii) Provided that, if the Employee's employment terminates prior to a Change of Control, but such termination is "In Connection With a Change of Control," as hereinafter defined, the termination shall be deemed to have occurred during the Protected Period and the Employee shall be entitled to the benefits and protections set forth in this Agreement.
(c) For purposes of this Agreement, and particularly Subsection 1(b) hereof, a termination shall be deemed to be "In Connection With a Change of Control" if:
(i) Such termination is at the request of the purchaser in the Change of Control transaction; or -------------------------------------------------------------------------------- Page 2 --------------------------------------------------------------------------------
(ii) Such termination is by the Company other than for Cause or is by the Employee for Good Reason and reflects an intent by the Company to avoid payment of benefits under this Agreement notwithstanding the Employee's compliance with Section 2 hereof; provided, however, that a termination otherwise defined in this Subsection 1(c) as In Connection With a Change of Control will not be deemed In Connection With a Change of Control unless a Change of Control occurs within six (6) months after the date of the Employee's termination of employment with the Company.
(d) The Parties agree that this Agreement is an agreement dealing only with benefits, rights and duties of the Parties during a Protected Period. The Parties specifically agree that this Agreement is not intended to be and is not an employment agreement. The Employee is, as of the date of this Agreement, and will remain, an employee at will, but subject to those specia...
Protected Period. The “Protected Period” shall mean the period of time beginning with the Change of Control and ending on the 18-month anniversary of such Change of Control or Executive’s death, if earlier; provided, however, if Executive’s employment with the Company is terminated during the Term and within six months prior to the date on which a Change of Control occurs (e.g., not during the Protected Period), and it is reasonably demonstrated by Executive that such termination was at the request of a third party who has taken steps reasonably calculated to effect the Change of Control, or otherwise arose in connection with or anticipation of the Change of Control, then for all purposes of this Agreement the Change of Control shall be deemed to have occurred on the date immediately prior to the date of Executive’s termination and Executive shall be deemed terminated by the Company during the Protected Period other than for Cause.
