Common use of Termination in Connection with Change in Control Clause in Contracts

Termination in Connection with Change in Control. Notwithstanding anything set forth in Section 5(b) to the contrary, if a Change in Control (as defined in the Omnibus Plan) occurs and within twelve (12) months following the consummation of the Change in Control, either (i) the Corporation terminates the Executive’s employment other than for Cause or (ii) the Executive terminates his employment for Good Reason, then the Executive shall be eligible to receive all of the payments and benefits referenced in Section 5(b), subject to all of the terms and conditions thereof, but the Continued Base Salary payments shall extend for a period of twelve (12) months following the Termination Date and shall be provided in full regardless of whether the Executive commences alternate employment or self-employment during such period.

Appears in 5 contracts

Samples: Employment Agreement (Intrawest Resorts Holdings, Inc.), Employment Agreement (Intrawest Resorts Holdings, Inc.), Employment Agreement (Intrawest Resorts Holdings, Inc.)

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Termination in Connection with Change in Control. Notwithstanding anything set forth in Section 5(b) to the contrary, if a Change in Control (as defined in the Intrawest Resorts Holdings, Inc. 2014 Omnibus Incentive Plan) occurs and within twelve (12) months following the consummation of the Change in Control, either (i) the Corporation terminates the Executive’s employment other than for Cause or (ii) the Executive terminates his employment for Good Reason, then the Executive shall be eligible to receive all of the payments and benefits referenced in Section 5(b), subject to all of the terms and conditions thereof, but the Continued Base Salary payments shall extend for a period of twelve (12) months following the Termination Date and shall be provided in full regardless of whether the Executive commences alternate employment or self-employment during such period.

Appears in 2 contracts

Samples: Employment Agreement (Intrawest Resorts Holdings, Inc.), Employment Agreement (Intrawest Resorts Holdings, Inc.)

Termination in Connection with Change in Control. Notwithstanding anything set forth in Section 5(b) to the contrary, if a Change in Control (as defined in the Omnibus Plan) occurs and if, within twelve (12) months following the consummation of the a “Change in Control” (as defined in the Omnibus Plan), either (i) the Corporation terminates the Executive’s employment other than for Cause or (ii) the Executive terminates his employment for Good Reason, then the Executive shall be eligible to receive all of the payments and benefits referenced in Section 5(b), subject to all of the terms and conditions thereof, but the Continued Base Salary payments shall extend for a period of twelve eighteen (1218) months following the Termination Date and shall be provided in full regardless of whether the Executive commences alternate employment or self-employment during such period.

Appears in 2 contracts

Samples: Employment Agreement (Intrawest Resorts Holdings, Inc.), Employment Agreement (Intrawest Resorts Holdings, Inc.)

Termination in Connection with Change in Control. Notwithstanding anything set forth in Section 5(b) to the contrary, if a Change in Control (as defined in the Intrawest Resorts Holdings, Inc. 2014 Omnibus Incentive Plan) occurs and within twelve (12) months following the consummation of the Change in Control, either (i) the Corporation terminates the Executive’s employment other than for Cause or (ii) the Executive terminates his her employment for Good Reason, then the Executive shall be eligible to receive all of the payments and benefits referenced in Section 5(b), subject to all of the terms and conditions thereof, but the Continued Base Salary payments shall extend for a period of twelve (12) months following the Termination Date and shall be provided in full regardless of whether the Executive commences alternate employment or self-employment during such period.

Appears in 1 contract

Samples: Employment Agreement (Intrawest Resorts Holdings, Inc.)

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Termination in Connection with Change in Control. Notwithstanding anything set forth in Section 5(b) to the contrary, if if, within twelve (12) months following the consummation of a Change in Control (as defined in the Omnibus Plan) occurs and within twelve (12) months following the consummation of the Change in Control), either (i) the Corporation terminates the Executive’s employment other than for Cause or (ii) the Executive terminates his employment for Good Reason, then the Executive shall be eligible to receive all of the payments and benefits referenced in Section 5(b), subject to all of the terms and conditions thereof, but the Continued Base Salary payments shall extend for a period of twelve eighteen (1218) months following the Termination Date and shall be provided in full regardless of whether the Executive commences alternate employment or self-employment during such period.

Appears in 1 contract

Samples: Employment Agreement (Intrawest Resorts Holdings, Inc.)

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