Common use of Qualifying CIC Termination Clause in Contracts

Qualifying CIC Termination. A Qualifying CIC Termination occurs if at any time upon or within two (2) years following a Change in Control: (1) The Corporation terminates Executive’s employment for any reason other than Cause or Disability (as defined under Sections 1(c) and 1(d)); or (2) Executive resigns for Good Reason (which for purposes of this Third Part shall have the same requirements and meaning as provided in Section 9(a) above). For avoidance of doubt, termination of Executive’s employment by reason of death shall not constitute a Qualifying CIC Termination.

Qualifying CIC Termination. A Qualifying CIC Termination occurs means a Separation within the Corporate Transaction Period if at any time upon or within two (2i) years following a Change in Control: (1) The Corporation the Company terminates Executive’s employment for any reason other than Cause Cause, death or Disability Disability, or (as defined under Sections 1(c) and 1(d)); or (2ii) Executive voluntarily resigns his or her employment for Corporate Transaction Period Good Reason (which Reason. In the case of a termination before a Corporate Transaction, solely for purposes of benefits under Section 2(c) of this Third Part shall have Plan, the same requirements and meaning as provided in Section 9(a) above). For avoidance of doubt, termination of Executive’s employment by reason of death shall not constitute a Qualifying CIC TerminationTermination Date will be deemed the date the Corporate Transaction is consummated.