Common use of Termination Following Change in Control Clause in Contracts

Termination Following Change in Control. If any of the events described in Paragraph 8(b) hereof constituting a Change in Control of the Company shall have occurred, the Executive shall be entitled to the benefits provided in Paragraph 5 hereof upon the subsequent termination of the Executive's employment during the term of this Agreement unless such termination is (i) because of the Executive's Death, Disability or Retirement, (ii) by the Company for Termination for Cause, or (iii) by the Executive for Good Reason within three years after a Change in Control shall have occurred.

Appears in 20 contracts

Samples: Employment Agreement (SilverSun Technologies, Inc.), Employment Agreement (iVoice Technology, Inc.), Employment Agreement (Thomas Pharmaceuticals, Ltd.)

AutoNDA by SimpleDocs

Termination Following Change in Control. If any of the events described in Paragraph 8(b) Section 4 hereof constituting a Change in Control of the Company shall have occurred, the Executive shall be entitled to the benefits provided in Paragraph 5 Section 6 hereof upon the subsequent termination of the Executive's employment during with the term of this Agreement Company within sixty (60) months after such Change in Control, unless such termination is (ia) because of death of the Executive's Death, Disability or Retirement, (iib) by the Company for Termination for Cause, Cause or Disability or (iiic) by the Executive other than during the Window Period or for Good Reason within three years after a Change in Control shall have occurred(as all such capitalized terms are hereinafter defined).

Appears in 6 contracts

Samples: Executive Severance Agreement (Commonwealth Biotechnologies Inc), Executive Severance Agreement (Commonwealth Biotechnologies Inc), Executive Severance Agreement (Commonwealth Biotechnologies Inc)

Termination Following Change in Control. If any of the events described in Paragraph 8(b) hereof constituting a Change in Control of the Company shall have occurredoccurred during the term of this Agreement, the Executive shall be entitled to the benefits provided in Paragraph 5 hereof subsection 5(c) of this Section A upon the subsequent termination of the Executive's his employment during the term of this Agreement unless such termination is (ia) because of the Executive's Death, Disability death or RetirementDisability, (iib) by the Company for Termination for Cause, Cause or (iiic) by the Executive other than for Good Reason within three years after Reason. In the event the Executive's employment with the Company is terminated for any reason and subsequently a Change in Control shall have occurredoccur, the Executive shall not be entitled to any benefits hereunder.

Appears in 2 contracts

Samples: Executive Severance and Indemnification Agreement (Procept Inc), Executive Severance and Indemnification Agreement (Procept Inc)

Termination Following Change in Control. If any of the events described in Paragraph 8(b) Section 3 hereof constituting a Change in Control of the Company shall have occurred, the Executive shall be entitled to the benefits provided in Paragraph Section 5 hereof upon the subsequent termination of the Executive's employment with the Company during the term of this Agreement Agreement, unless such termination is (i) because of death of the Executive's Death, Disability or Retirement, (ii) by the Company for Termination for Cause, Cause or Disability or (iii) by the Executive other than for Good Reason within three years after a Change in Control shall have occurred(all as such capitalized terms are hereinafter defined).

Appears in 2 contracts

Samples: Change in Control Employment Agreement (Union Bankshares Corp), Executive Severance Agreement (F&m National Corp)

Termination Following Change in Control. (A) If any of the events described in Paragraph 8(b) hereof paragraph 2 constituting a Change change in Control control of the Company shall have occurred, then upon any subsequent termination of Executive's employment at any time within two years following the occurrence of such event, Executive shall be entitled to the benefits provided by this agreement, as set forth in Paragraph 5 hereof upon the subsequent termination of the Executive's employment during the term of this Agreement paragraph 5, unless such termination is (i) because of the Executive's Death, Disability or Retirement, (ii) by the Company for Termination for Cause. (B) As used in this agreement, or (iii) by the Executive for Good Reason within three years after a Change in Control term "Cause" shall have occurred.the meaning set forth below:

Appears in 2 contracts

Samples: Change of Control Agreement (Amcast Industrial Corp), Change of Control Agreement (Amcast Industrial Corp)

Termination Following Change in Control. (i) If any of the events described in Paragraph 8(bSubsection 3(i) hereof constituting a Change in Control of the Company shall have occurred, the Executive shall be entitled to the benefits provided in Paragraph 5 Subsection 5(iii) hereof upon the subsequent termination of the Executive's his or her employment during the term of this Agreement unless such termination is (iA) because of the Executive's Death, Disability death or RetirementDisability, (iiB) by the Company for Termination for Cause, or (iiiC) by the Executive other than for Good Reason within three years after a Change in Control shall have occurredReason.

Appears in 1 contract

Samples: Executive Severance Agreement (Genzyme Corp)

AutoNDA by SimpleDocs

Termination Following Change in Control. If any of the events described in Paragraph 8(b) hereof constituting a Change in Control of the Company shall have occurred, the Executive shall be entitled to the benefits provided in Paragraph 5 hereof upon the subsequent termination of the Executive's employment during the term Term of this Agreement unless such termination is (i) because of the Executive's Death, Disability or Retirement, (ii) by the Company for Termination for Cause, or (iii) by the Executive for Good Reason within three years after a Change in Control shall have occurred.

Appears in 1 contract

Samples: Employment Agreement (Driversshield Com Corp)

Termination Following Change in Control. (a) If any of the events described in Paragraph 8(b) paragraph 1 hereof constituting a Change in Control of the Company shall have occurred, the Executive shall be entitled to the benefits provided in Paragraph 5 paragraph 4 hereof upon the subsequent termination of his or her employment within eighteen (18) months following a Change in Control (the Executive's employment during the term of this Agreement “Change in Control Period”) unless such termination is (i) because of due to the Executive's Death, Disability ’s death; or Retirement, (ii) by the Company for Termination by reason of the Executive’s Disability or for Cause, ; or (iii) by the Executive other than for Good Reason within three years after a Change in Control shall have occurredReason.

Appears in 1 contract

Samples: Change in Control Agreement (1st Constitution Bancorp)

Termination Following Change in Control. If any of the events described in Paragraph 8(b) hereof constituting a Change in Control of the Company shall have occurred, the Executive shall be entitled to the benefits provided in Paragraph 5 hereof Subsection 4(c) below upon the subsequent termination of the Executive's his employment during the term of this Agreement unless such termination is is: (ia) because of the Executive's Death, Disability ’s death or Retirement, Disability; (iib) by the Company for Termination for Cause, or ; or (iiic) by the Executive other than for Good Reason within three years after a Change in Control Reason. (i) Cause. Termination of Executive’s employment for “Cause” shall have occurred.mean termination upon:

Appears in 1 contract

Samples: Change in Control Agreement (Aurora Oil & Gas CORP)

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