Common use of Services During Certain Events Clause in Contracts

Services During Certain Events. In the event a Person begins a tender or exchange offer, circulates a proxy to shareholders of the Company, or takes other steps seeking to effect a Change in Control, the Executive agrees that he will not voluntarily leave the employ of the Company and will render services until such Person has abandoned or terminated his or its efforts to effect a Change in Control, or until six (6) months after a Change in Control has occurred; provided, however, that the Company may terminate the Executive for Cause at any time, and the Executive may terminate his employment any time after the Change in Control for Good Reason.

Appears in 2 contracts

Samples: Northrop Grumman Corporation Special Agreement (Northrop Grumman Corp), Executive Severance Agreement (Amsouth Bancorporation)

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Services During Certain Events. In the event a Person begins a tender or exchange offer, circulates a proxy to shareholders stockholders of the Company, or takes other steps seeking to effect a Change in Control, the Executive agrees that he will not voluntarily leave the employ of the Company and will render services until such Person has abandoned or terminated his or its efforts to effect a Change in Control, or until six (6) months after a Change in Control has occurred; provided, however, that the Company may terminate the Executive Executive's employment for Cause at any time, and the Executive may terminate his employment at any time after the Change in Control for Good Reason.

Appears in 1 contract

Samples: Special Agreement (Northrop Grumman Corp)

Services During Certain Events. In the event a any Person begins a tender or exchange offer, circulates a proxy to shareholders of the Companyshareholders, or takes other steps seeking to effect a Change in Controlof Control (as hereinafter defined), the Executive agrees that he will not voluntarily leave terminate his employment with the employ of Corporation or a Subsidiary, as the Company case may be, and will continue to render services to the Corporation or such Subsidiary until such Person has abandoned or terminated his or its efforts to effect a Change in Control, of Control or until six (6) months 180 days after a Change in of Control has occurred; provided. For purposes of this Agreement, however, that the Company may terminate the Executive for Cause at any time, and the Executive may terminate his employment any time after the Change in Control for Good Reason.term "

Appears in 1 contract

Samples: Senior Executive Severance Agreement (Dii Group Inc)

Services During Certain Events. In the event a Person begins a tender or exchange offer, circulates a proxy to shareholders of the Company, or takes other steps seeking to effect a Change in Control, the Executive agrees that he or she will not voluntarily leave the employ of the Company and will render services until such Person has abandoned or terminated his or its efforts to effect a Change in Control, or until six (6) months after a Change in Control has occurred; provided, however, that the Company company may terminate the Executive Executive's employment for Cause at any time, and the Executive may terminate his or her employment any time after the Change in Control for Good Reason.

Appears in 1 contract

Samples: Executive Change of Control Severance Agreement (Cytogen Corp)

Services During Certain Events. In the event a Person begins a tender or exchange offer, circulates a proxy to shareholders of the Company, or takes other steps seeking to effect a Change in Change-in-Control, the Executive agrees that he will not voluntarily leave the employ of the Company and will render services until such Person has abandoned or terminated his or its efforts to effect a Change in Change-in-Control, or until six (6) months after a Change in Change-in-Control has occurred; provided, however, that the Company may terminate the Executive for Cause at any time, and the Executive may terminate his employment any time after the Change in Change-in-Control for Good Reason.

Appears in 1 contract

Samples: Executive Severance Agreement (Eljer Industries Inc)

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Services During Certain Events. In the event a Person begins a tender or exchange offer, circulates a proxy to shareholders of the Company, or takes other steps seeking to effect a Change in Control, the Executive agrees that he or she will not voluntarily leave the employ of the Company and will render services until such Person has abandoned or terminated his or her, or its efforts to effect a Change in Control, or until six (6) months after a Change in Control has occurred; provided, however, that the Company may terminate the Executive for Cause at any time, and the Executive may terminate his or her employment any time after the Change in Control for Good Reason.

Appears in 1 contract

Samples: Amsouth Bancorporation

Services During Certain Events. In the event a Person begins a tender or exchange offer, circulates a proxy to shareholders of the Company, or takes any other steps step seeking to effect a Change in Control, the Executive agrees that he will not voluntarily leave the employ of the Company and will render services until such Person has abandoned or terminated his or its efforts to effect a Change in Control, or until six (6) months after a Change in Control has occurred; provided, however, that the Company may terminate the Executive Executive's employment for Cause at any time, and the Executive may terminate his employment any time after the Change in Control for Good Reason.

Appears in 1 contract

Samples: Key Employee Severance Agreement (Southern Pacific Funding Corp)

Services During Certain Events. In the event a Person begins a tender or exchange offer, circulates a proxy to shareholders of the Company, or takes other steps seeking to effect a Change in Control, the Executive agrees that he or she will not voluntarily leave the employ of the Company and will render services until such Person has abandoned or terminated his or its efforts to effect a Change in Control, or until six (6) months after a Change in Control has occurred; provided, however, that the Company may terminate the Executive Executive's employment for Cause at any time, and the Executive may terminate his or her employment any time after the Change in Control for Good Reason.

Appears in 1 contract

Samples: Executive Severance Agreement (Liposome Co Inc)

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