Common use of Resignation following a Change of Control Clause in Contracts

Resignation following a Change of Control. If, within the Three-Year Period Employee experiences a Constructive Termination Event, and after providing written notice to Company no later than 90 days of the date the Constructive Termination Event first arose or occurred, Company fails to cure the event or condition giving rise to the Constructive Event within the 30-day period following Company’s receipt of the written notice, Employee may, effective at the end of such 30-day cure period, resign his employment with Company (the “Resignation”). In connection with such Resignation, Company shall pay to Employee the same amounts and benefits Employee would have been entitled to receive if he experienced a Post-CoC Termination under Section 4(d) above.

Appears in 6 contracts

Samples: Severance Agreement (Layne Christensen Co), Severance Agreement (Layne Christensen Co), Severance Agreement (Layne Christensen Co)

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Resignation following a Change of Control. If, within the Three-Year Period Employee experiences a Constructive Termination Event, and after providing written notice to Company Employer no later than 90 days of the date the Constructive Termination Event first arose or occurred, Company Employer fails to cure the event or condition giving rise to the Constructive Event within the 30-day period following CompanyEmployer’s receipt of the written notice, Employee may, effective at the end of such 30-day cure period, resign his employment with Company Employer (the “Resignation”). In connection with such Resignation, Company Employer shall pay to Employee the same amounts and benefits Employee would have been entitled to receive if he experienced a Post-CoC Termination under Section 4(d8(d) above.

Appears in 5 contracts

Samples: Employment Agreement (Euronet Worldwide Inc), Employment Agreement (Euronet Worldwide Inc), Employment Agreement (Euronet Worldwide Inc)

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Resignation following a Change of Control. If, within the Three-Year Period Employee experiences a Constructive Termination Event, and after providing written notice to Company no later than 90 days of the date the Constructive Termination Event first arose or occurred, Company fails to cure the event or condition giving rise to the Constructive Event within the 30-day period following Company’s 's receipt of the written notice, Employee may, effective at the end of such 30-day cure period, resign his employment with Company (the "Resignation"). In connection with such Resignation, Company shall pay to Employee the same amounts and benefits Employee would have been entitled to receive if he experienced a Post-CoC Termination under Section 4(d) above.

Appears in 1 contract

Samples: Severance Agreement (Layne Christensen Co)

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