Common use of Termination Notice Period Clause in Contracts

Termination Notice Period. In the event that a Change in Control of the Company (as defined in Subsection 2.2.2. of this Agreement above) shall occur during the Term of Employment or during a renewal of this Agreement, the Company shall have the right to terminate the Term of Employment by written notice, not less than (30) days prior to the Termination Date (the “Change of Control Notice Period”), to the Executive. If the Company gives the Executive notice of termination pursuant to this Section 5.6., the Company may, upon the date such notice is given, or anytime thereafter, relieve the Executive, in whole or in part, of Executive’s duties, provided, however, that the Termination Date for purposes of determining the Executive’s rights under this Section 5.6. shall be the last day of the Change of Control Notice Period.

Appears in 2 contracts

Samples: Employment Agreement (Claires Stores Inc), Employment Agreement (Claires Stores Inc)

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Termination Notice Period. In the event that a Change in Control of the Company (as defined in Subsection 2.2.2. of this Agreement above) shall occur during the Term of Employment or during a renewal of this AgreementEmployment, the Company shall have the right to terminate the Term of Employment by written notice, not less than (30) days prior to the Termination Date (the “Change of Control Notice Period”), to the Executive. If the Company gives the Executive notice of termination pursuant to this Section 5.6., the Company may, upon the date such notice is given, or anytime thereafter, relieve the Executive, in whole or in part, of Executive’s duties, provided, however, that the Termination Date for purposes of determining the Executive’s rights under this Section 5.6. shall be the last day of the Change of Control Notice Period.

Appears in 2 contracts

Samples: Employment Agreement (Claires Stores Inc), Employment Agreement (Claires Stores Inc)

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Termination Notice Period. In the event that a Change in Control of the Company (as defined in Subsection 2.2.2. 2.2.2 of this Agreement above) shall occur during the Term of Employment or during a renewal of this AgreementEmployment, the Company shall have the right to terminate the Term of Employment by written notice, not less than (30) days prior to the Termination Date (the “Change of Control Notice Period”), to the Executive. If the Company gives the Executive notice of termination pursuant to this Section 5.6., the Company may, upon the date such notice is given, or anytime thereafter, relieve the Executive, in whole or in part, of Executive’s duties, provided, however, that the Termination Date for purposes of determining the Executive’s rights under this Section 5.6. shall be the last day of the Change of Control Notice Period.

Appears in 1 contract

Samples: Employment Agreement (Claires Stores Inc)

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