Common use of Termination Without Cause in Connection with a “Change of Control Clause in Contracts

Termination Without Cause in Connection with a “Change of Control. In the event that, within eighteen (18) months of a “Change of Control,” as defined below (with this time period being referred to as the “Change of Control Period”), the Executive’s employment with the Company is either (a) terminated by the Company without cause, or (b) terminated by the Executive for “Good Reason”, then, in addition to the severance benefits provided for in Section 5(e) of this Agreement, the Executive shall be entitled to certain enhanced severance benefits, contingent upon his compliance with the terms and conditions serving as prerequisites to his eligibility for Severance Compensation set forth in Section 5(e). Under such circumstances, the Executive shall be entitled to the following:

Appears in 6 contracts

Samples: Employment Agreement (Dollar Financial Corp), Employment Agreement (Dollar Financial Corp), Employment Agreement (Dollar Financial Corp)

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Termination Without Cause in Connection with a “Change of Control. In the event that, within eighteen (18) months of a “Change of Control,” as defined below (with this time period being referred to as the “Change of Control Period”), the Executive’s employment with the Company is either (a) terminated by the Company without cause, or (b) terminated by the Executive for “Good Reason”, then, in addition to lieu of the severance benefits provided for in Section 5(e5(d) of this Agreement, the Executive shall be entitled to certain enhanced severance benefits, contingent upon his compliance with the terms and conditions serving as prerequisites to his eligibility for Severance Compensation set forth in Section 5(e5(d). Under such circumstances, the Executive shall be entitled to the following:

Appears in 1 contract

Samples: Employment Agreement (Dollar Financial Corp)

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