Common use of Qualifying Termination Prior to a Change of Control Clause in Contracts

Qualifying Termination Prior to a Change of Control. If the Executive incurs a Qualifying Termination during the Employment Period and prior to a Change of Control, then, in addition to the Accrued Benefits, and subject to the Executive signing a separation agreement containing, among other provisions, a general release of claims in favor of the Company and related persons and entities and a non-competition provision (as applicable), in a form and manner reasonably satisfactory to the Company (the “Separation Agreement and Release”) and the Separation Agreement and Release becoming fully effective, all within sixty (60) days of the Date of Termination (the “Release Period”):

Appears in 6 contracts

Samples: Executive Employment Agreement (Aspen Aerogels Inc), Executive Employment Agreement (Aspen Aerogels Inc), Executive Employment Agreement (Aspen Aerogels Inc)

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Qualifying Termination Prior to a Change of Control. If the Executive incurs a Qualifying Termination during the Employment Period and prior to a Change of Control, then, then in addition to the Accrued Benefits, and subject to the Executive signing a separation agreement containing, among other provisions, a general release of claims in favor of the Company and related persons and entities and a entities, confidentiality, non-competition provision (as applicable)compete, return of property and non-disparagement, in a form and manner reasonably satisfactory to the Company (the “Separation Agreement and Release”) and the Separation Agreement and Release becoming fully effective, all within sixty (60) days of the Date of Termination (the “Release Period”):

Appears in 6 contracts

Samples: Executive Agreement (Aspen Aerogels Inc), Executive Agreement (Aspen Aerogels Inc), Executive Agreement (Aspen Aerogels Inc)

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Qualifying Termination Prior to a Change of Control. If the Executive incurs a Qualifying Termination during the Employment Period and prior to a Change of Control, then, then in addition to the Accrued Benefits, and subject to the Executive signing a separation agreement containing, among other provisions, a general release of claims in favor of the Company and related persons and entities entities, confidentiality, return of property and a non-competition provision (as applicable)disparagement, in a form and manner reasonably satisfactory to the Company (the “Separation Agreement and Release”) and the Separation Agreement and Release becoming fully effective, all within sixty (60) days of the Date of Termination (the “Release Period”):

Appears in 1 contract

Samples: Executive Agreement (Aspen Aerogels Inc)

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