Common use of Subsidiary Change in Control Clause in Contracts

Subsidiary Change in Control. In the event of a Subsidiary Change in Control, Good Reason shall exist if Mr. Garrett is offered Base Salary, Target Bonus under txx xxxxxxxxg company's Short Term Bonus Plan and Long Term Bonus Plan and Target Bonus under the acquiring company's Equity Based Bonus Plan that, in the aggregate, is less than ninety percent (95%) of Mr. Garrett's Base Salary plus Target Bonus under the Coxxxxx'x Xxxxx Term Bonus Plan and Long Term Bonus Plan, plus Target Bonus under the Company's Equity Based Bonus Plan, each of which as in effect on the day the offer of employment is received;

Appears in 1 contract

Samples: Change in Control Agreement (Alabama Power Co)

AutoNDA by SimpleDocs

Subsidiary Change in Control. In the event of a Subsidiary Change in Control, Good Reason shall exist if Mr. Garrett is offered Base Salary, Target Bonus under txx xxxxxxxxg Bonxx xxxxx xxe acquiring company's Short Term Bonus Plan and Long Term Bonus Plan and Target Bonus under the acquiring company's Equity Based Bonus Plan that, in the aggregate, is less than ninety percent (95%) of Mr. Garrett's Base Salary plus Target Bonus under the Coxxxxx'x Xxxxx Xxxxxny's Short Term Bonus Plan and Long Term Bonus Plan, plus Target Bonus under the Company's Equity Based Bonus Plan, each of which as in effect on the day the offer of employment is received;

Appears in 1 contract

Samples: Change in Control Agreement (Southern Co)

Subsidiary Change in Control. In the event of a Subsidiary Change in Control, Good Reason shall exist if Mr. Garrett McCrary is offered Base Salary, Target Bonus under txx xxxxxxxxg xxxxx xxx acquiring company's Short Term Bonus Plan and Long Term Bonus Plan and Target Bonus under the acquiring company's Equity Based Bonus Plan that, in the aggregate, is less than ninety percent (95%) of Mr. GarrettMcCrary's Base Salary plus Target Bonus under the Coxxxxx'x Xxxxx Xxxxxxx's Short Term Bonus Plan and Long Term Bonus Plan, plus Target Bonus under the Company's Equity Based Bonus Plan, each of which as in effect on the day the offer of employment is received;

Appears in 1 contract

Samples: Severance Agreement (Southern Co)

AutoNDA by SimpleDocs

Subsidiary Change in Control. In the event of a Subsidiary Change in Control, Good Reason shall exist if Mr. Garrett McCrary is offered Base Salary, Target Bonus under txx xxxxxxxxg company's Short Term Bonus Plan and Long Term Bonus Plan and Target Bonus under the acquiring company's Equity Based Bonus Plan that, in the aggregate, is less than ninety percent (95%) of Mr. GarrettMcCrary's Base Salary plus Target Bonus under the Coxxxxx'x Xxxxx Term Bonus Plan and Long Term Bonus Plan, plus Target Bonus under the Company's Equity Based Bonus Plan, each of which as in effect on the day the offer of employment is received;

Appears in 1 contract

Samples: Change in Control Agreement (Alabama Power Co)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!