Additional Service. Executive agrees that, if requested by Merix or the surviving company following a Change of Control, Executive will continue his or her employment with Merix or the surviving company for a period of up to six months following the Change of Control in any capacity requested by Merix or the surviving company consistent with Executive's areas of professional expertise. During this period Executive shall receive the same salary and substantially the same benefits as in effect prior to the Change of Control. Executive shall not be entitled to any benefits provided by Section 4 if Executive fails to perform in accordance with this Section 5.
Appears in 12 contracts
Samples: Executive Severance and Noncompetition Agreement (Merix Corp), Executive Severance and Noncompetition Agreement (Merix Corp), Executive Severance Agreement (Merix Corp)
Additional Service. Executive agrees that, if requested by Merix or the surviving company following a Change of Control, Executive will continue his or her employment with Merix or the surviving company for a period of up to six months following the Change of Control in any capacity requested by Merix or the surviving company consistent with Executive's ’s areas of professional expertise. During this period Executive shall receive the same salary and substantially the same benefits as in effect prior to the Change of Control. Executive shall not be entitled to any benefits provided by Section 4 if Executive fails to perform in accordance with this Section 5.
Appears in 8 contracts
Samples: Executive Severance and Noncompetition Agreement (Merix Corp), Severance and Noncompetition Agreement (Merix Corp), Executive Severance and Noncompetition Agreement (Merix Corp)
