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

Termination Due to Change in Control. If a Change in Control (as hereafter defined) should occur and the Executive either resigns or is terminated without cause within six (6) months prior to or within two (2) years after such Change in Control, the Company shall pay Executive all base salary, bonuses and other benefits that accrued prior to the effective date of the Change in Control and the following shall occur:

Appears in 4 contracts

Samples: Employment Agreement (CLS Holdings USA, Inc.), Employment Agreement (CLS Holdings USA, Inc.), Employment Agreement (CLS Holdings USA, Inc.)

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Termination Due to Change in Control. If When there is a Change in Control (as hereafter defined) should occur and the Executive either resigns or Executive’s employment is terminated by the Company without cause within Cause as a direct result of the Change in Control during the period between six (6) months prior to or within two twelve (212) years months after such a Change in Control, then Executive shall receive the Company shall pay Accrued Obligations and, additionally, contingent on Executive’s timely execution of the release agreement detailed in Section 2(d) herein, Executive all base salary, bonuses and other benefits that accrued prior will be entitled to the effective date of the following Change in Control severance benefits in lieu of (and not in addition to) the following shall occur:amounts otherwise payable to Executive under Section 2(b):

Appears in 4 contracts

Samples: Severance Agreement (Cavco Industries Inc.), Severance Agreement (Cavco Industries Inc.), Severance Agreement (Cavco Industries Inc.)

Termination Due to Change in Control. If a Change in Control In the event that three (as hereafter defined) should occur and the Executive either resigns or is terminated without cause within six (63) months prior to or within two twelve (212) years after such months following a Change in Control, Executive terminates his employment hereunder with Good Reason or the Company shall pay Executive all base salaryterminates Executive’s employment hereunder without Cause (a “Termination upon a Change in Control”), bonuses and other benefits that accrued prior to the effective date then in lieu of the Change in Control payments otherwise due to Executive under Section 5.2 above, the Term shall expire on the Termination Date and the following Executive shall occurbe entitled to:

Appears in 1 contract

Samples: Agreement and Plan of Merger (Enterprise Financial Services Corp)

Termination Due to Change in Control. If When there is a Change in Control (as hereafter defined) should occur and the Executive either resigns or Executive’s employment is terminated by the Company without cause within Cause as a direct result of the Change in Control during the period between six (6) months prior to or within two twelve (212) years months after such a Change in Control, then Executive shall receive the Company shall pay Accrued Obligations and, additionally, contingent on Executive’s timely execution of the release agreement detailed in Section 2(a) herein, Executive all base salary, bonuses and other benefits that accrued prior will be entitled to the effective date of the following Change in Control and the following shall occurseverance benefits:

Appears in 1 contract

Samples: Change in Control Agreement (Cavco Industries Inc.)

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Termination Due to Change in Control. If Executive’s employment is terminated without Cause within one year after a Change of Control shall have occurred or if she resigns for Good Reason within one year after a Change in Control (as hereafter defined) should occur and shall have occurred, Executive shall receive any unpaid Base Salary through the date of termination within 30 days after the date of termination, and, in lieu of the payments made to Executive either resigns or is terminated without cause within six (6) months prior to or within two (2) years after such Change in Controlunder Section 4(c), the Company Bank shall pay Executive all base salaryto Executive, bonuses and other benefits that accrued prior to the effective date of the Change in Control and as compensation for services rendered, the following shall occur:benefits (subject to any applicable payroll or other taxes required to be withheld):

Appears in 1 contract

Samples: Reorganization Agreement (Blue Ridge Bankshares, Inc.)

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