Common use of Termination After Change in Control Clause in Contracts

Termination After Change in Control. 7.3.1 If a Change of Control shall occur during the Term of this Agreement, the term of Employee’s employment hereunder shall continue in effect until the later of the first anniversary of the date of the Change in Control and the date that the Term would otherwise have terminated without regard to the extension in this sentence, except for earlier termination as provided in Section 5 of this Agreement. The rights and obligations of Employee and Company under this Agreement upon or after any termination of the Term shall survive any such termination.

Appears in 9 contracts

Samples: Employment Agreement (Talk America Holdings Inc), Employment Agreement (Talk America Holdings Inc), Employment Agreement (Talk America Holdings Inc)

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Termination After Change in Control. 7.3.1 If a Change of Control shall occur during the Term of this Agreement, the term of Employee’s 's employment hereunder shall continue in effect until the later of the first anniversary of the date of the Change in Control and the date that the Term would otherwise have terminated without regard to the extension in this sentence, except for earlier termination as provided in Section 5 of this Agreement. The rights and obligations of Employee and Company under this Agreement upon or after any termination of the Term shall survive any such termination.

Appears in 3 contracts

Samples: Employment Agreement (Talk Com), Employment Agreement (Talk America), Employment Agreement (Talk Com)

Termination After Change in Control. 7.3.1 4.6.1 If a Change of Control shall occur during the Term of this Agreement, the term of Employee’s 's employment hereunder shall continue in effect until the later of the first anniversary of the date of the Change in Control and the date that the Term would otherwise have terminated without regard to the extension in this sentence, except for earlier termination as provided in Section 5 6 of this Agreement. The rights and obligations of Employee and Company under this Agreement upon or after any termination of the Term shall survive any such termination.

Appears in 2 contracts

Samples: Employment Agreement (Talk Com), Employment Agreement (Talk Com)

Termination After Change in Control. 7.3.1 a. If a Change of Control shall occur during the Term of this Agreement, the term of Employee’s employment hereunder shall continue in effect until the later of the first anniversary of date falling twelve (12) months after the date of the Change in Control and the date that the Term would otherwise have terminated without regard to the extension in this sentence, except for earlier termination as provided in Section 5 of this Agreement. The rights and obligations of Employee and Company under this Agreement upon or after any termination of the Term shall survive any such termination.

Appears in 1 contract

Samples: Employment Agreement (Pegasi Energy Resources Corporation.)

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Termination After Change in Control. 7.3.1 4.12.2.1 If a Change of Control shall occur during the Term of this Agreement, the term of Employee’s 's employment hereunder shall continue in effect until the later of the first anniversary of the date of the Change in Control and the date that the Term would otherwise have terminated without regard to the extension in this sentence, except for earlier termination as provided in Section 5 6 of this Agreement. The rights and obligations of Employee and Company under this Agreement upon or after any termination of the Term shall survive any such termination.

Appears in 1 contract

Samples: Employment Agreement (Talk Com)

Termination After Change in Control. 7.3.1 4.7.1 If a Change of Control shall occur during the Term of this Agreement, the term of Employee’s 's employment hereunder shall continue in effect until the later of the first anniversary of the date of the Change in Control and the date that the Term would otherwise have terminated without regard to the extension in this sentence, except for earlier termination as provided in Section 5 6 of this Agreement. The rights and obligations of Employee and Company under this Agreement upon or after any termination of the Term shall survive any such termination.

Appears in 1 contract

Samples: Employment Agreement (Talk Com)

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