Termination Following a Change of Control. In the event Executive's employment with Company terminates by reason of a Qualifying Termination (as defined below) within three (3) years after a Change of Control of Company (as defined below), then, in lieu of the Severance Package, and subject to the limitations described in Section 7 below, the Company shall provide Executive the following termination benefits:
Appears in 15 contracts
Samples: Employment Agreement (Metaldyne Corp), Employment Agreement (Metaldyne Corp), Employment Agreement (Trimas Corp)
Termination Following a Change of Control. Notwithstanding any provision of Section 2 to the contrary, upon the occurrence of a Change of Control (as defined below), the Notice Period required to terminate this Agreement shall continue until the later of the date that is six (6) months from the date of such notice or the third anniversary of such Change of Control. In the event Executive's employment with Company terminates by reason of a Qualifying Termination (as defined below) within the three (3) years after a Change of Control of Company (as defined below)Control, then, in lieu of the Severance Package, and subject to the limitations described in Section 7 below, the Company shall provide Executive the following termination benefits:
Appears in 4 contracts
Samples: Employment Agreement (Trimas Corp), Employment Agreement (Trimas Corp), Employment Agreement (Trimas Corp)
Termination Following a Change of Control. In the event Executive's employment If, at any time during a period commencing with Company terminates by reason of a Qualifying Termination (as defined below) within three (3) years after a Change of Control and ending eighteen (18) months after such Change of Control, the Company (as defined below)terminates the Executive’s employment for a reason other than Cause, thendeath, in lieu of or Disability or the Severance Package, and subject to Executive terminates employment with the limitations described in Section 7 belowCompany for Good Reason, the Company shall provide pay to the Executive the following termination benefits:Final Compensation (as such term is defined in the Employment Letter) in accordance with the terms of the Employment Letter, and, subject to the Executive’s satisfaction of the Release Condition (as such term is defined in Section 3 below):
Appears in 3 contracts
Samples: Change of Control/Severance Agreement (Waters Corp /De/), Change of Control/Severance Agreement (Waters Corp /De/), Change of Control/Severance Agreement (Waters Corp /De/)
Termination Following a Change of Control. In the event Executive's employment If, at any time during a period commencing with Company terminates by reason of a Qualifying Termination (as defined below) within three (3) years after a Change of Control and ending eighteen (18) months after such Change of Control, the Company (as defined below)terminates the Executive’s employment for a reason other than Cause, thendeath, in lieu of or Disability or the Severance PackageExecutive terminates employment with the Company for “Good Reason”, and the Company shall, subject to the limitations described Executive’s satisfaction of the Release Condition (as such term is defined in Section 7 3 below, the Company shall provide Executive the following termination benefits:):
Appears in 1 contract
Samples: Change of Control/Severance Agreement (Waters Corp /De/)