Common use of Termination Due to a Change in Control Clause in Contracts

Termination Due to a Change in Control. For protection against possible termination after a Change of Control (defined below) of the Company and to induce Executive to continue to serve in his present capacity with the Company or in such other capacity to which Executive may be elected or appointed, the Company (or, if applicable, its successors or assigns) will provide the Severance Payments in a single lump sum payment to Executive, together with all Other Benefits, in the event Executive’s employment is terminated by the Company without Cause or by Executive after a Change in Control within one year after such Change of Control.

Appears in 1 contract

Samples: Executive Employment Agreement (Bgsf, Inc.)

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Termination Due to a Change in Control. For protection against possible termination after a Change of Control (defined below) of the Company and to induce Executive to continue to serve in his present capacity with the Company or in such other capacity to which Executive may be elected or appointed, the Company (or, if applicable, its successors or assigns) will provide the Severance Payments in a single lump sum payment to Executive, together with all Other Benefits, severance benefits in the event Executive’s employment is terminated by the Company without Cause or by Executive for Good Reason after a Change in Control within one year after such Change of Control.

Appears in 1 contract

Samples: Executive Employment Agreement (BG Staffing, Inc.)

Termination Due to a Change in Control. For protection against possible termination after a Change of Control (defined below) of the Company and to induce Executive to continue to serve in his Employee’s present capacity with the Company or in such other capacity to which Executive Employee may be elected or appointed, the Company (or, if applicable, its successors or assigns) will provide the Severance Payments in a single lump sum payment to Executive, together with all Other Benefits, severance benefits in the event Executive’s the employment is terminated by the Company without Cause or by Executive for Good Reason after a Change in Control change of control within one year after such Change of Control.

Appears in 1 contract

Samples: Executive Employment Agreement (BG Staffing, Inc.)

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Termination Due to a Change in Control. For protection against possible termination after a Change of Control (defined below) of the Company and to induce Executive to continue to serve in his her present capacity with the Company or in such other capacity to which Executive may be elected or appointed, the Company (or, if applicable, its successors or assigns) will provide the Severance Payments in a single lump sum payment to Executive, together with all Other Benefits, severance benefits in the event Executive’s employment is terminated by the Company without Cause or by Executive for Good Reason after a Change in Control within one year after such Change of Control.

Appears in 1 contract

Samples: Executive Employment Agreement (BG Staffing, Inc.)

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