Common use of Termination Due to Change in Control; Death or Permanent Disability Clause in Contracts

Termination Due to Change in Control; Death or Permanent Disability. (a) If the Company undergoes a Change in Control (as defined in Section 7(c)), the Executive has 120 days on or following the date of the Change in Control to terminate his employment under this Agreement pursuant to this Section 6.3(a); provided, however, that if the Executive is forced to resign, then Executive shall be entitled to all of the compensation and benefits described in Section 6.2.

Appears in 8 contracts

Samples: Executive Employment Agreement (Ift Corp), Employment Agreement (Urecoats Industries Inc), Employment Agreement (Urecoats Industries Inc)

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