Common use of Termination More Than Two Years After Change in Control Clause in Contracts

Termination More Than Two Years After Change in Control. In the event Executive's employment is terminated by the Company without Cause at any time after the second anniversary of a Change in Control, Executive shall continue to be covered by, and entitled to the benefits provided under, all restricted stock agreements issued under the Stock Plans, in accordance with the terms of such agreements, and Executive shall be considered for purposes of all such restricted stock agreements as continuing to be actively employed by the Company after such termination.

Appears in 13 contracts

Samples: Change in Control Agreement (Interface Inc), Change in Control Agreement (Interface Inc), Change in Control Agreement (Interface Inc)

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