Common use of Termination Without Cause Prior to a Change in Control Clause in Contracts

Termination Without Cause Prior to a Change in Control. If Employer terminates Employee’s employment without Cause (as defined below) prior to a Change in Control (as defined below), then Employer shall pay Employee severance pay in an amount equal to the base salary that would be payable to Employee over the period commencing on the date of termination and ending twelve (12) months thereafter (the “Severance Period”), which severance pay shall be paid during the Severance Period in equal installments as set forth in Section 2.3.1.

Appears in 4 contracts

Samples: Employment, Confidentiality and Non Compete Agreement (Elevate Credit, Inc.), Employment, Confidentiality and Non Compete Agreement (Elevate Credit, Inc.), Employment, Confidentiality and Non Compete Agreement (Elevate Credit, Inc.)

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Termination Without Cause Prior to a Change in Control. If Employer terminates Employee’s 's employment without Cause (as defined below) prior to a Change in Control (as defined below), then Employer shall pay Employee severance pay in an amount equal to the base salary that would be payable to Employee over the period commencing on the date of termination and ending twelve six (126) months thereafter (the "Severance Period"), which severance pay shall be paid during the Severance Period in equal installments as set forth in Section 2.3.1.

Appears in 2 contracts

Samples: Employment, Confidentiality and Non Solicitation Agreement (Elevate Credit, Inc.), Employment, Confidentiality and Non Compete Agreement (Elevate Credit, Inc.)

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Termination Without Cause Prior to a Change in Control. If Employer terminates Employee’s 's employment without Cause (as defined below) prior to a Change in Control (as defined below), then Employer shall pay Employee severance pay in an amount equal to the base salary that would be payable to Employee over the period commencing on the date of termination and ending twelve (12) months thereafter (the "Severance Period"), which severance pay shall be paid during the Severance Period in equal installments as set forth in Section 2.3.1.

Appears in 2 contracts

Samples: Employment, Confidentiality and Non Solicitation Agreement (Elevate Credit, Inc.), Employment, Confidentiality and Non Solicitation Agreement (Elevate Credit, Inc.)

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