Common use of Termination Prior to a Change in Control Clause in Contracts

Termination Prior to a Change in Control. This Agreement does not provide for the payment or provision of severance benefits in connection with a termination by Employee or the Company prior to and not in connection with a Change in Control. Employee's rights to any such benefits shall continue to be governed by law or other written agreement, if any exists between Employee and the Company, and nothing in this Agreement is intended to change, or shall be construed as changing, any of the legal or contractual rights of either party to terminate Employee's employment (for Cause, at-will, for Good Reason, or otherwise) prior to and not in connection with a Change in Control.

Appears in 5 contracts

Samples: Severance Agreement (PLM International Inc), Severance Agreement (PLM International Inc), Severance Agreement (PLM International Inc)

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