Common use of Termination During an Imminent Control Change Period: Cash Severance Payments Clause in Contracts

Termination During an Imminent Control Change Period: Cash Severance Payments. If the Imminent Control Change Period culminates in a Change Date, the Company shall pay (or cause to be paid) to Executive the amounts described in Section 4.1(a)(i) through (vi). Such amounts shall be paid to Executive as described in Section 4.4, provided that amounts that would have been paid prior to the Change Date shall be paid in a lump sum (without interest) within 30 business days after the Change Date.

Appears in 4 contracts

Samples: Change in Control Employment Agreement (Baltimore Gas & Electric Co), Change in Control Employment Agreement (Exelon Corp), Change in Control Employment Agreement (Exelon Corp)

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