Common use of Termination Related to Change in Control Clause in Contracts

Termination Related to Change in Control. In the event of the termination of Executive’s employment during the Term of Employment by the Company other than for Cause or Executive’s resignation of his employment for Good Reason (other than for Disability, as described in Section 5(a)) within 24 months following a Change in Control, Executive’s Term of Employment will terminate automatically without further obligations to Executive, his legal representative or his estate, as the case may be, under this Agreement except for any payments payable to Executive pursuant to Section 5(f) below and if the requirements of Section 5(i) are met and subject to Executive’s continued compliance with Section 7:

Appears in 2 contracts

Samples: Employment Agreement (Chimera Investment Corp), Employment Agreement (Chimera Investment Corp)

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Termination Related to Change in Control. In the event of the termination of the Executive’s employment during the Term of Employment by the Company other than for Cause or the Executive’s resignation of his employment for Good Reason (other than for Disability, as described in Section 5(a)) within 24 twelve months following a Change in Control, the Executive’s Term of Employment will shall terminate automatically without further obligations to Executive, his legal representative or his estate, as the case may be, under this Agreement except for any payments payable to Executive pursuant to Section 5(f) below and if the requirements of Section 5(i5(k) are met and subject to Executive’s continued compliance with Section 7met:

Appears in 2 contracts

Samples: Employment Agreement (Mfa Financial, Inc.), Employment Agreement (Mfa Financial, Inc.)

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