Common use of Specific Events Clause in Contracts

Specific Events. The following specific events will affect the rights and obligations of the parties in the event of Florsheim’s leaving the employ of the Company as set forth at Sections 3(c) and 5. (a) The replacement of two or more of the existing members of the Company’s Board of Directors by persons not nominated by the Board of Directors; or (b) Any amendment to Section 2 of Article III of the Company’s By-Laws to enlarge the number of directors of the Company if the change was not supported by the existing Board of Directors; or (c) Any change in Florsheim’s duties or powers such that his duties or powers, as changed, would be of a nature substantially inconsistent with those he has rendered in the past and is currently rendering to the Company as its chief executive officer; or (d) A successful tender offer for 15% or more of the shares or merger or consolidation or transfer of assets of the Company; or (e) A change in control of more than 15% of the shares in the Company, such that Florsheim decides in good faith that he can no longer effectively discharge his duties.

Specific Events. The following specific events will affect the rights and obligations of the parties in the event of Florsheim’s leaving the employ of the Company as set forth at Sections 3(c) and 5. (a) The replacement of two or more of the existing members of the Company’s Board of Directors by persons not nominated by the Board of Directors; or (b) Any amendment to Section 2 of Article III of the Company’s By-Laws to enlarge the number of directors of the Company if the change was not supported by the existing Board of Directors; or (c) Any change in Florsheim’s duties or powers such that his duties or powers, as changed, would be of a nature substantially inconsistent with those he has rendered in the past and is currently rendering to the Company as its chief executive officer; oror ​ ​ (d) A successful tender offer for 15% or more of the shares or merger or consolidation or transfer of assets of the Company; or (e) A change in control of more than 15% of the shares in the Company, such that Florsheim decides in good faith that he can no longer effectively discharge his duties.

Specific Events. The following specific events will affect the rights and obligations of the parties in the event of Florsheim’s 's leaving the employ of the Company as set forth at Sections 3(c) and 5.the (a) The replacement of two or more of the existing members of the Company’s 's Board of Directors by persons not nominated by the Board of Directors; or or (b) Any amendment to Section 2 of Article III of the Company’s 's By-Laws to enlarge the number of directors of the Company if the change was not supported by the existing Board of Directors; or or (c) Any change in Florsheim’s 's duties or powers such that his duties or powers, as changed, would be of a nature substantially inconsistent with those he has rendered in the past and is currently rendering to the Company as its chief executive officer; or or (d) A successful tender offer for 15% or more of the shares or merger or consolidation or transfer of assets of the Company; or or (e) A change in control of more than 15% of the shares in the Company, such that Florsheim decides in good faith that he can no longer effectively discharge his duties.. 7. Non-

Specific Events. The following specific events will affect the rights and obligations of the parties in the event of Florsheim’s 's leaving the employ of the Company as set forth at Sections paragraphs 3(c) and 5. (a) The replacement of two or more of the existing members of the Company’s 's Board of Directors by persons not nominated by the Board of Directors; or or (b) Any amendment to Section 2 of Article III of the Company’s 's By-Laws to enlarge the number of directors of the Company if the change was not supported by the existing Board of Directors; or or (c) Any change in Florsheim’s 's duties or powers such that his duties or powers, as changed, would be of a nature substantially inconsistent with those he has rendered in the past and is currently rendering to the Company as its chief executive officer; or or (d) A successful tender offer for 15% or more of the shares or merger or consolidation or transfer of assets of the Company; or or (e) A change in control of more than 15% of the shares in the Company, such that Florsheim decides in good faith that he can no longer effectively discharge his duties.

Specific Events. The following specific events will affect the rights and obligations of the parties in the event of Florsheim’s 's leaving the employ of the Company as set forth at Sections paragraphs 3(c) and 5. (a) The replacement of two or more of the existing members of the Company’s 's Board of Directors by persons not nominated by the Board of Directors; or or (b) Any amendment to Section 2 of Article III of the Company’s 's By-Laws to enlarge the number of directors of the Company if the change was not supported by the existing Board of Directors; or or (c) Any change in Florsheim’s 's duties or powers such that his duties or powers, as changed, would be of a nature substantially inconsistent with those he has rendered in the past and is currently rendering to the Company as its chief executive officer; or or (d) A successful tender offer for 15% or more of the shares or merger or consolidation or transfer of assets of the Company; or or (e) A change in control of more than 15% of the shares in the Company, such that Florsheim decides in good faith that he can no longer effectively discharge his duties.. 7. Non-