Common use of Resignation After Control Change Date Clause in Contracts

Resignation After Control Change Date. In the event of a Change ------------------------------------- in Control as defined in Paragraph 7(d), thereafter, upon good reason (as defined below), Executive may, at any time during the 3-year period following the Change in Control, in his sole discretion, on not less than thirty (30) days' written notice (the "Notice of Resignation") to the Secretary of Xxxxxxxx and effective at the end of such notice period, resign his employment with Xxxxxxxx (the "Resignation"). Within five (5) days of such a Resignation, Xxxxxxxx shall pay to Executive his full base salary through the effective date of such Resignation, to the extent not theretofore paid, plus a lump sum amount equal to the Special Severance Payment (computed as provided in the first sentence of Paragraph 7(e), except that for purposes of such computation all references to "Termination" shall be deemed to be references to "Resignation"). Upon Resignation of Executive, Specified Benefits to which Executive was entitled immediately prior to Resignation shall continue on the same terms and conditions as provided in Paragraph 7(e) in the case of Termination (including equivalent payments provided for therein), and Post-Period Benefits shall be provided on the same terms and conditions as provided in Paragraph 7(e) in the case of Termination. For purposes of this Agreement, "good reason" means any one or more of the following:

Resignation After Control Change Date. In the event of a Change ------------------------------------- in Control as defined in Paragraph 7(d), thereafter, upon good reason (as defined below), Executive may, at any time during the 3-year period following the Change in Control, in his sole discretion, on not less than thirty (30) days' written notice (the "Notice of Resignation") to the Secretary of Xxxxxxxx and effective at the end of such notice period, resign his employment with Xxxxxxxx (the "Resignation"). Within five (5) days of such a Resignation, Xxxxxxxx shall pay to Executive his full base salary through the effective date of such Resignation, to the extent not theretofore paid, plus a lump sum amount equal to the Special Severance Payment (computed as provided in the first sentence of Paragraph 7(e), except that for purposes of such computation all references to "Termination" shall be deemed to be references to "Resignation"). Upon Resignation of Executive, Specified Benefits to which Executive was entitled immediately prior to Resignation shall continue on the same terms and conditions as provided in Paragraph 7(e) in the case of Termination (including equivalent payments provided for therein), and Post-Period Benefits shall be provided on the same terms and conditions as provided in Paragraph 7(e) in the case of Termination. For purposes of this Agreement, "good reason" means any one or more of the following:

Resignation After Control Change Date. In the event of a Change ------------------------------------- in Control as defined in Paragraph 7(d), thereafter, upon good reason (as defined below), Executive may, at any time during the 3-year period following the Change in Control, in his sole discretion, on not less than thirty (30) days' written notice (the "Notice of Resignation") to the Secretary of Xxxxxxxx Railway and effective at the end of such notice period, resign his employment with Xxxxxxxx Railway (the "Resignation"). Within five (5) days of such a Resignation, Xxxxxxxx Railway shall pay to Executive his full base salary through the effective date of such Resignation, to the extent not theretofore paid, plus a lump sum amount equal to the Special Severance Payment (computed as provided in the first sentence of Paragraph 7(e), except that for purposes of such computation all references to "Termination" shall be deemed to be references to "Resignation"). Upon Resignation of Executive, Specified Benefits to which Executive was entitled immediately prior to Resignation shall continue on the same terms and conditions as provided in Paragraph 7(e) in the case of Termination (including equivalent payments provided for therein), and Post-Period Benefits shall be provided on the same terms and conditions as provided in Paragraph 7(e) in the case of Termination. For purposes of this Agreement, "good reason" means any one or more of the following:in

Resignation After Control Change Date. In the event of a Change ------------------------------------- in Control as defined in Paragraph 7(d), thereafter, upon good reason Good Reason (as defined below), Executive may, at any time during the three (3-) year period following the Change in Control, in his sole discretion, on not less than thirty (30) days' written notice (the "Notice of Resignation") subject to the Secretary provisions of Xxxxxxxx and effective at the end of such notice periodthis Paragraph 7(f), resign terminate his employment with Xxxxxxxx Stilwell (the "Resignation"). Within five (5) business days of such a Resignationx Xxxxxxation, Xxxxxxxx Stilwell shall pay to Executive his full base salary Base Salary through the effective date effxxxxxx xate of such Resignation, to the extent not theretofore paid, plus a lump sum amount equal to the Special Severance Payment (computed as provided in the first sentence of Paragraph 7(e), except that for purposes of such computation all references to "Termination" shall be deemed to be references to "Resignation"). Upon Resignation of Executive, Specified Benefits to which Executive was entitled immediately prior to Resignation shall continue on the same terms and conditions as provided in Paragraph 7(e) in the case of Termination (including equivalent payments provided for therein), and Post-Period Benefits shall be provided on the same terms and conditions as provided in Paragraph 7(e) in the case of Termination. For purposes of this Agreement, "good reason" means any one or more of the following:the

Resignation After Control Change Date. In the event of a Change ------------------------------------- in Control as defined in Paragraph 7(d), thereafter, upon good reason (as defined below), Executive may, at any time during the 3-year period following the Change in Control, in his her sole discretion, on not less than thirty (30) days' written notice (the "Notice of Resignation") to the Secretary of Xxxxxxxx and effective at the end of such notice period, resign his her employment with Xxxxxxxx (the "Resignation"). Within five (5) days of such a Resignation, Xxxxxxxx shall pay to Executive his her full base salary through the effective date of such Resignation, to the extent not theretofore paid, plus a lump sum amount equal to the Special Severance Payment (computed as provided in the first sentence of Paragraph 7(e), except that for purposes of such computation all references to "Termination" shall be deemed to be references to "Resignation"). Upon Resignation of Executive, Specified Benefits to which Executive was entitled immediately prior to Resignation shall continue on the same terms and conditions as provided in Paragraph 7(e) in the case of Termination (including equivalent payments provided for therein), and Post-Period Benefits shall be provided on the same terms and conditions as provided in Paragraph 7(e) in the case of Termination. For purposes of this Agreement, "good reason" means any one or more of the following:

Resignation After Control Change Date. In the event of a Change ------------------------------------- in Control as defined in Paragraph 7(d)of KCSI, thereafterthereaf ter, upon good reason (as defined below), Executive may, at any time during the 3Three-year period following Year Period or the Change in ControlExtended Period, in his sole discretion, on not less than thirty (30) days' written notice (the "Notice of Resignation") to the Secretary of Xxxxxxxx DST and effective at the end of such notice period, resign his employment with Xxxxxxxx DST (the "Resignation")) . Within five (5) days of such a Resignation, Xxxxxxxx DST shall pay to Executive his full base salary through the effective date of such Resignation, to the extent not theretofore paid, plus a lump sum amount equal to the Special Severance Payment (computed as provided in the first sentence of Paragraph 7(e), except that for purposes of such computation all references to "Termination" shall be deemed to be references to "Resignation"). ) Upon Resignation of Executive, Specified Benefits to which Executive was entitled immediately prior to Resignation shall continue on the same terms and conditions as provided in Paragraph 7(e) in the case of Termination (including equivalent payments provided for therein), and Post-Period Benefits shall be provided on the same terms and conditions as provided in Paragraph 7(e) in the case of Termination. For purposes of this Agreement, Executive shall have "good reason" means any one or more if there occurs without his consent (a) a reduction in the character of the following:duties assigned to Executive or in Executive's level of work responsibility or

Resignation After Control Change Date. In the event of a Change ------------------------------------- in Control as defined in Paragraph 7(d), thereafter, upon good reason (as defined below), Executive may, at any time during the 3-year period following the Change in Control, in his sole discretion, on not less than thirty (30) days' written notice (the "Notice of Resignation") to the Secretary of Xxxxxxxx Stilwell and effective at the end of such enx xx xxxh notice period, resign his employment with Xxxxxxxx Stilwell (the "Resignation"). Within five Wxxxxx xxve (5) days of such a Resignation, Xxxxxxxx Stilwell shall pay to Executive his full xxx xxxx base salary through the effective date of such Resignation, to the extent not theretofore paid, plus a lump sum amount equal to the Special Severance Payment (computed as provided in the first sentence of Paragraph 7(e), except that for purposes of such computation all references to "Termination" shall be deemed to be references to "Resignation"). Upon Resignation of Executive, Specified Benefits to which Executive was entitled immediately prior to Resignation shall continue on the same terms and conditions as provided in Paragraph 7(e) in the case of Termination (including equivalent payments provided for therein), and Post-Period Benefits shall be provided on the same terms and conditions as provided in Paragraph 7(e) in the case of Termination. For purposes of this Agreement, "good reason" means any one or more of the following:

Resignation After Control Change Date. In the event of a Change ------------------------------------- in Control as defined in Paragraph 7(d), thereafter, upon good reason (as defined below), Executive may, at any time during the 3-year period following the Change in Control, in his sole discretion, on not less than thirty (30) days' written notice (the "Notice of Resignation") to the Secretary of Xxxxxxxx Stilwell and effective at the end of such xxx xx xuch notice period, resign his employment with Xxxxxxxx Stilwell (the "Resignation"). Within Xxxxxx five (5) days of such a Resignation, Xxxxxxxx Stilwell shall pay to Executive his full Executivx xxx xxll base salary through the effective date of such Resignation, to the extent not theretofore paid, plus a lump sum amount equal to the Special Severance Payment (computed as provided in the first sentence of Paragraph 7(e), except that for purposes of such computation all references to "Termination" shall be deemed to be references to "Resignation"). Upon Resignation of Executive, Specified Benefits to which Executive was entitled immediately prior to Resignation shall continue on the same terms and conditions as provided in Paragraph 7(e) in the case of Termination (including equivalent payments provided for therein), and Post-Period Benefits shall be provided on the same terms and conditions as provided in Paragraph 7(e) in the case of Termination. For purposes of this Agreement, "good reason" means any one or more of the following: