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

Termination of Employment in Connection with a Change of Control. If during the Term of this Agreement, Executive’s employment is terminated in connection with a Change of Control under circumstance which would cause the benefits described in the Company’s Severance Plan (the “Severance Plan”) to become payable to the Executive (“Severance Benefits”), no further compensation or benefits or any kind shall be payable under this Agreement but the Severance Plan Benefits shall be paid in accordance with the terms and conditions of the Severance Plan. Capitalized terms not defined herein are defined in the Severance Plan first adopted August 10, 1995 by ESCO Electronics Corporation (now known as ESCO Technologies Inc.) Board of Directors and as later amended. ​

Appears in 3 contracts

Samples: Employment and Compensation Agreement (Esco Technologies Inc), Employment and Compensation Agreement (Esco Technologies Inc), Employment and Compensation Agreement (Esco Technologies Inc)

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Termination of Employment in Connection with a Change of Control. If during the Term of this Agreement, Executive’s 's employment is terminated in connection with a Change of Control under circumstance which would cause the benefits described in the Company’s 's Severance Plan (the "Severance Plan") to become payable to the Executive ("Severance Benefits"), no further compensation or benefits or any kind shall be payable under this Agreement but the Severance Plan Benefits shall be paid in accordance with the terms and conditions of the Severance Plan. Capitalized terms not defined herein are defined in the Severance Plan first adopted August 10, 1995 by ESCO Electronics Corporation (now known as ESCO Technologies Inc.) Board of Directors and as later amended. ​.

Appears in 1 contract

Samples: Employment and Compensation Agreement (Esco Technologies Inc)

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