Services During Certain Events. In the event a third person begins a tender or exchange offer, circulates a proxy to stockholders, or takes other steps to effect a Change of Control, Executive agrees that he will not voluntarily leave the employ of Sonat, and will render the services contemplated in the recitals to this Agreement, until the third person has abandoned or terminated his efforts to effect a Change of Control or until a Change of Control has occurred.
Appears in 5 contracts
Samples: Executive Severance Agreement (Sonat Inc), Severance Agreement (Sonat Inc), Executive Severance Agreement (Sonat Inc)
Services During Certain Events. In the event a third person begins a tender or exchange offer, circulates a proxy to stockholders, or takes other steps to effect a Change of Control, Executive agrees that he will not to voluntarily leave the employ of SonatSonat or its subsidiaries, and will to render the services contemplated in the recitals to this Agreement, until the third person has abandoned or terminated his efforts to effect a Change of Control or until a Change of Control has occurred.
Appears in 2 contracts
Samples: Executive Severance Agreement (Sonat Inc), Severance Agreement (Sonat Inc)