Common use of Termination Following Change in Control Clause in Contracts

Termination Following Change in Control. If, during the Employment Period and within twelve (12) months following a Change in Control, the Company (or its successor) terminates the Executive’s employment without Cause pursuant to Section 5(b) or the Executive terminates his employment for Good Reason pursuant to Section 5(c), the Executive shall be entitled to receive, in addition to the items referenced in Section 6(a), the following:

Appears in 10 contracts

Samples: Employment Agreement (Chesapeake Lodging Trust), Employment Agreement (Chesapeake Lodging Trust), Employment Agreement (Chesapeake Lodging Trust)

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Termination Following Change in Control. IfAnything contained herein to the contrary notwithstanding, during in the Employment Period and event the Executive resigns from his employment hereunder for Good Reason or the Company terminates the Executive’s employment hereunder without Cause (other than a termination by reason of death or Disability) within twelve (12) 60 days preceding or 12 months following a Change in ControlControl (as defined below), the Company (shall pay or its successor) terminates provide the Executive’s employment without Cause pursuant Executive the Amounts and Benefits and, subject to Section 5(b) or the Executive terminates his employment for Good Reason pursuant to Section 5(c)5.4.8, the Executive shall be entitled to receive, in addition to the items referenced in Section 6(a), the followinga change-in-control payment as follows:

Appears in 5 contracts

Samples: Employment Agreement (Impax Laboratories Inc), Employment Agreement (Impax Laboratories Inc), Employment Agreement (Impax Laboratories Inc)

Termination Following Change in Control. If, during the Employment Period and within twelve (12) months following a Change in Control, the Company Trust (or its successor) terminates the Executive’s employment without Cause pursuant to Section 5(b) or the Executive terminates his employment for Good Reason pursuant to Section 5(c), the Executive shall be entitled to receive, in addition to the items referenced in Section 6(a) and in lieu of any benefits described in Section 6(c), the following:

Appears in 4 contracts

Samples: Employment Agreement (Chesapeake Lodging Trust), Employment Agreement (Chesapeake Lodging Trust), Employment Agreement (Chesapeake Lodging Trust)

Termination Following Change in Control. IfIf the Company terminates the Executive's employment other than for Cause, during the Employment Period and Disability or death within twelve (12) months following a Change in Control, the Company (or its successor) terminates the Executive’s employment without Cause pursuant to Section 5(b) or if the Executive terminates his or her employment for Good Reason pursuant within twelve (12) months following a Change in Control, then notwithstanding anything to Section 5(c)the contrary contained in any prior agreement, the Executive shall be entitled to receivebenefits described in subsections (a) through (d) below, in addition the distribution of which shall be subject to the items referenced in Section 6(a)provisions of Sections 5.4, the following5.5 and 5.8:

Appears in 4 contracts

Samples: Executive Retention Agreement (Dyax Corp), Executive Retention Agreement (Dyax Corp), Executive Retention Agreement (Dyax Corp)

Termination Following Change in Control. If, during the Employment Period and within twelve (12) months following a Change in Control, the If Executive’s employment is terminated by Company (or its successor) terminates the Executive’s employment without Cause pursuant to Section 5(b) or the Executive terminates his employment for with Company (or its successor) with Good Reason pursuant to in either case within twenty-four (24) months after a Change in Control (as defined in Section 5(c4.8 below), the Executive shall will be entitled to receive, in addition to the items referenced in Section 6(a), the followingfollowing benefits:

Appears in 3 contracts

Samples: Employment Agreement (Txu Corp /Tx/), Employment Agreement (Txu Corp /Tx/), Employment Agreement (Txu Corp /Tx/)

Termination Following Change in Control. IfAnything contained herein to the contrary notwithstanding, during if the Employment Period Executive resigns from his employment hereunder for Good Reason, the Company terminates the Executive’s employment hereunder without Cause (other than a termination by reason of death or Disability) within 60 days preceding or 12 months following a Change in Control (as defined below), or the Term expires or is not renewed due to the Company’s delivery of a notice of nonrenewal and the Executive’s employment is then terminated without Cause within twelve (12) 12 months following a Change in Control, then the Company (shall pay or its successor) terminates provide the Executive’s employment without Cause pursuant Executive the Amounts and Benefits and, subject to Section 5(b) or the Executive terminates his employment for Good Reason pursuant to Section 5(c)5.4.8, the Executive shall be entitled to receive, in addition to the items referenced in Section 6(a), the followinga change-in-control payment as follows:

Appears in 3 contracts

Samples: Employment Agreement (Atlas Holdings, Inc.), Employment Agreement (Impax Laboratories Inc), Employment Agreement (Impax Laboratories Inc)

Termination Following Change in Control. If, (x) during the Employment Period and within twelve (12) months following a Change in Control, the Company (or its successor) terminates the Executive’s 's employment without Cause pursuant to Section 5(b) or the Executive terminates his employment for Good Reason pursuant to Section 5(c), or (y) the Executive, by notice given under this clause (y) of this Section 6(d) on or before the tenth (10th) business day following the Change in Control, terminates his employment for any reason, which termination shall be effective on the sixtieth (60th) day following a Change in Control, the Executive shall be entitled to receive, in addition to the items referenced in Section 6(a), the following:

Appears in 2 contracts

Samples: Employment Agreement (Highland Hospitality Corp), Employment Agreement (Highland Hospitality Corp)

Termination Following Change in Control. If, during In the Employment Period and event Executive's employment hereunder shall terminate for any reason set forth in Section 4(a)(iv) or (v) within twelve two (122) months years following the occurrence of a Change in Control, the Company subject to Executive's compliance with Section 4(e), Executive (or its successorthe Trustee named in Executive's Last Will and Testament, if applicable) terminates the Executive’s employment without Cause pursuant to Section 5(b) or the Executive terminates his employment for Good Reason pursuant to Section 5(c), the Executive shall be entitled to receive, in addition to receive all of the items referenced payments and benefits described in Section 6(a)4(b) hereof, the followingenhanced as follows:

Appears in 1 contract

Samples: Release Agreement (Dresser-Rand Group Inc.)

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Termination Following Change in Control. If, (x) during the Employment Period and within twelve (12) months following a Change in Control, the Company (or its successor) terminates the Executive’s 's employment without Cause pursuant to Section 5(b) or the Executive terminates his her employment for Good Reason pursuant to Section 5(c), or (y) the Executive, by notice given under this clause (y) of this Section 6(d) on or before the tenth (10th) business day following the Change in Control, terminates her employment for any reason, which termination shall be effective on the sixtieth (60th) day following a Change in Control, the Executive shall be entitled to receive, in addition to the items referenced in Section 6(a), the following:

Appears in 1 contract

Samples: Employment Agreement (Highland Hospitality Corp)

Termination Following Change in Control. If, (x) during the Employment Period and within twelve (12) months following a Change in Control, the Company (or its successor) terminates the Executive’s 's employment without Cause pursuant to Section 5(b) or the Executive terminates his employment for Good Reason pursuant to Section 5(c), or (y) the Executive, by notice given under this clause (y) of this Section 6(d) on or before the tenth (10/th/) business day following the Change in Control, terminates his employment for any reason, which termination shall be effective on the sixtieth (60/th/) day following a Change in Control, the Executive shall be entitled to receive, in addition to the items referenced in Section 6(a), the following:

Appears in 1 contract

Samples: Employment Agreement (Highland Hospitality Corp)

Termination Following Change in Control. If, during If Executive’s employment is terminated by the Employment Period and Company without Cause or by Executive for Good Reason within twelve (12) months following a Change in Control, the Company (or its successor) terminates the Executive’s employment without Cause pursuant to Section 5(b) or the Executive terminates his employment for Good Reason pursuant to Section 5(c), the Executive shall be entitled to receive, in addition to the items referenced in Section 6(a), receive the following:

Appears in 1 contract

Samples: Employment Agreement (Unicycive Therapeutics, Inc.)

Termination Following Change in Control. If, during the Employment Period and within twelve (12) months following a Change in Control, the If Executive’s employment is terminated by Company (or its successor) terminates the Executive’s employment without Cause pursuant to Section 5(b) or the Executive terminates his employment for with Company (or its successor) with Good Reason pursuant to in either case within twenty-four (24) months after a Change in Control (as defined in Section 5(c), the 4.8 below) Executive shall will be entitled to receive, in addition to the items referenced in Section 6(a), the followingfollowing benefits:

Appears in 1 contract

Samples: Employment Agreement (Txu Us Holdings Co)

Termination Following Change in Control. If, during If Executive’s employment is terminated by the Employment Period and Company without Cause or by Executive for Good Reason within twelve (12) months following a Change in Control, the Company (or its successor) terminates the Executive’s employment without Cause pursuant to Section 5(b) or the Executive terminates his employment for Good Reason pursuant to Section 5(c), the Executive shall be entitled to receive, receive the following: (i) the acceleration and vesting in addition full of any then outstanding and unvested portion of any time-vesting equity award granted to Executive by the items referenced Company; and (ii) the benefits described in Section 6(aSections 6.1(a), the following:(b), (c), (d), (e) and (f).

Appears in 1 contract

Samples: Employment Agreement (Unicycive Therapeutics, Inc.)

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