RIGHTS UPON A CHANGE IN CONTROL. (a) If a Change in Control (as defined in Exhibit A hereto) occurs before the termination of Employee's employment hereunder, then this Agreement shall be extended (the "Extended Employment Agreement") in the same form and substance as in effect immediately prior to the Change in Control, except that the termination date shall be that date which would permit the Extended Employment Agreement to continue in effect for an additional period of time equal to the full term of this Agreement.
Appears in 7 contracts
Samples: Officer Employment Agreement (Callaway Golf Co /Ca), Officer Employment Agreement (Callaway Golf Co /Ca), Executive Officer Employment Agreement (Callaway Golf Co /Ca)
RIGHTS UPON A CHANGE IN CONTROL. (a) If a Change in Control (as defined in Exhibit A B hereto) occurs before the termination of Employee's employment hereunder, then this Agreement shall be extended (the "Extended Employment Agreement") in the same form and substance as in effect immediately prior to the Change in Control, except that the termination date shall be that date which would permit the Extended Employment Agreement date, as specified pursuant to continue in effect for an additional period of time equal to the full term Section 1 of this Agreement, shall be three (3) years from the effective date of the Change in Control.
Appears in 4 contracts
Samples: Executive Officer Employment Agreement (Callaway Golf Co /Ca), Executive Officer Employment Agreement (Callaway Golf Co /Ca), Officer Employment Agreement (Callaway Golf Co /Ca)
RIGHTS UPON A CHANGE IN CONTROL. (a) If a Change in Control (as defined in Exhibit A hereto) occurs before the termination of Employee's Xx. Xxxxxxxx'x employment hereunder, then this Agreement shall be extended (the "Extended Employment Agreement") in the same form and substance as in effect immediately prior to the Change in Control, except that the termination date shall be that date which would permit the Extended Employment Agreement to continue in effect for an additional period of time equal to the full term of this Agreement.
Appears in 1 contract
Samples: Chairman and Founder Employment Agreement (Callaway Golf Co /Ca)
