Upon a Change of Control. i. If a Change of Control (as defined in subsection g.ii below) occurs and, within two (2) years following such Change of Control, the Company terminates the Employee's employment other than for Cause, or the Employee terminates his/her employment for Good Reason, and the Employee executes the Employee Release within twenty-one (21) days of the date of notice of termination of his/her employment and does not timely revoke it, then, in lieu of any payment and benefits to which the Employee would otherwise be entitled under Section 6.d or 6.e hereof, the Company
Appears in 9 contracts
Samples: Employment Agreement (Ust Corp), Employment Agreement (Ust Corp), Executive Employment Agreement (Ust Corp)
Upon a Change of Control. i. If a "Change of Control Control" (as defined in subsection g.ii (g)(ii) below) occurs and, within two (2) years following such Change of Control, the Company terminates the EmployeeExecutive's employment other than for Cause, or the Employee Executive terminates his/her his employment for Good Reason, and the Employee Executive executes the Employee Executive Release within twenty-one (21) days of the date of notice of termination of his/her his employment and does not timely revoke it, then, in lieu of any payment and benefits to which the Employee Executive would otherwise be entitled under Section 6.d 8(d) or 6.e 8(e) hereof, the Company:
Appears in 1 contract
Samples: Executive Employment Agreement (Peoples Bancshares Inc)
Upon a Change of Control. i. If a Change of Control (as defined in subsection g.ii below) occurs and, within two (2) years following such Change of Control, the Company terminates the Employee's employment other than for Cause, or the Employee terminates his/her his employment for Good Reason, and the Employee executes the Employee Release within twenty-one (21) days of the date of notice of termination of his/her his employment and does not timely revoke it, then, in lieu of any payment and benefits to which the Employee would otherwise be entitled under Section 6.d or 6.e hereof, the Company
Appears in 1 contract