Common use of Termination of Employment Following a Change of Control Clause in Contracts

Termination of Employment Following a Change of Control. If within one year following a “Change of Control of the Company” (i) Employee terminates his employment for Good Reason, (ii) the Company terminates Employee’s employment other than for Cause, death or disability, or (iii) the Company delivers notice to Employee that it is not extending the term of Employee’s employment pursuant to Section 2 of this Agreement for one year, then the Company shall be obligated to pay to Employee or Employee’s estate the payments and benefits provided in Subsection 5(d)(2) above.

Appears in 3 contracts

Samples: Employment Agreement (Gallery Management Holding Corp), Employment Agreement (Gallery Management Holding Corp), Employment Agreement (Gallery Management Holding Corp)

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Termination of Employment Following a Change of Control. If Notwithstanding anything else in this Agreement and in addition to the other provisions, if within one year following a "Change of Control of the Company" (i) Employee Executive terminates his employment for Good Reason, (ii) the Company terminates Employee’s Executive's employment other than for Cause, death or disability, or (iii) the Company delivers notice to Employee Executive that it is not extending the term of Employee’s Executive's employment pursuant to Section 2 of this Agreement for one year, then the Company shall be obligated to pay to Employee Executive or Employee’s Executive's estate the payments and benefits provided in Subsection 5(d)(26(f)(2) above.. For purposes of this Agreement, a "Change of Control of the Company" shall be deemed to have occurred if:

Appears in 1 contract

Samples: Employment Agreement (Pacific Scientific Co)

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Termination of Employment Following a Change of Control. If Notwithstanding anything else contained in this Agreement and in addition to the other provisions herein, if within one year following a "Change of Control of the Company" (i) Employee Executive terminates his employment for Good Reason, (ii) the Company terminates Employee’s Executive's employment other than for Cause, death or disability, or (iii) the Company delivers notice to Employee Executive that it is not extending the term of Employee’s Executive's employment pursuant to Section 2 of this Agreement for one year, then the Company shall be obligated to pay to Employee Executive or Employee’s Executive's estate the payments and benefits provided in Subsection 5(d)(26(f)(2) above.. For purposes of this Agreement, a "Change of Control of the Company" shall be deemed to have occurred if:

Appears in 1 contract

Samples: Employment Agreement (Pacific Scientific Co)

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