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

Termination Due to a Change of Control. If Employer is subjected to a Change of Control (as defined in Section 5(g)(i)), and either Employer or its assigns terminates Executive’s employment without Cause or Executive terminates his employment for Good Reason within two (2) years of such Change of Control, then Employer shall pay Executive upon the effective date of such termination all Base Salary earned and all reimbursable expenses incurred under this Agreement through such termination date.

Appears in 6 contracts

Samples: Employment Agreement (Washington Banking Co), Employment Agreement (Washington Banking Co), Employment Agreement (Washington Banking Co)

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