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.)

AutoNDA by SimpleDocs

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.)

AutoNDA by SimpleDocs

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.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!