Common use of Amendment or Termination Clause in Contracts

Amendment or Termination. This Agreement may be amended at any time by written agreement between the Company and Executive. The Company may terminate this Agreement by written notice given to Executive at least two years prior to the effective date of such termination, provided that, if a Change in Control occurs prior to the effective date such termination, the termination of this Agreement shall not be effective and Executive shall be entitled to the full benefits of this Agreement. Any such amendment or termination shall be made pursuant to a resolution of the Board.

Appears in 8 contracts

Samples: Employment Security Agreement (Northern Trust Corp), Employment Security Agreement (Northern Trust Corp), Employment Security Agreement (Northern Trust Corp)

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Amendment or Termination. This Agreement may be amended at any time by written agreement between the Company and Executive. The Company may terminate this Agreement by written notice given to Executive at least [two years years] prior to the effective date of such termination, provided that, if a Change in Control occurs prior to the effective date of such termination, the termination of this Agreement shall not be effective and Executive shall be entitled to the full benefits of this Agreement. Any such amendment or termination shall be made pursuant to a resolution of the BoardCompany’s Board of Directors.

Appears in 8 contracts

Samples: Change in Control Agreement (Methode Electronics Inc), Change in Control Agreement (Methode Electronics Inc), Change in Control Agreement (Methode Electronics Inc)

Amendment or Termination. This Agreement may be amended at any time by written agreement between the Company and Executive. The Company may terminate this Agreement by written notice given to Executive at least two years prior to the effective date of such termination, provided that, if a Change in Control occurs prior to the effective date of such termination, the termination of this Agreement shall not be effective and Executive shall be entitled to the full benefits of this Agreement. Any such amendment or termination shall be made pursuant to a resolution of the Board.

Appears in 7 contracts

Samples: Employment Security Agreement (Consolidated Communications Holdings, Inc.), Employment Security Agreement (Consolidated Communications Holdings, Inc.), Employment Security Agreement (Consolidated Communications Holdings, Inc.)

Amendment or Termination. This The provisions of this Agreement may be amended at any time by written agreement between the Company and the Executive, with any material amendment approved by the Compensation Committee or the Board. The Subject to the final sentence of Section 1.1, the Company may terminate this Agreement by written notice given to Executive at least two years prior to the effective date of such termination, provided that, if a Change in Control occurs prior to the effective date such termination, the termination of this Agreement shall not be effective and Executive shall be entitled to the full benefits of this Agreement. Any such amendment or termination shall be made pursuant to a resolution of the Compensation Committee or the Board, effective as of a date at least twelve months following the date the Company gives written notice to the Executive of its intent to terminate the Agreement.

Appears in 7 contracts

Samples: Control Severance Agreement (Mb Financial Inc /Md), Control Severance Agreement (Mb Financial Inc /Md), Control Severance Agreement (Mb Financial Inc /Md)

Amendment or Termination. This Agreement may be amended at any time by written agreement between the Company and Executive. The Company may terminate this Agreement by written notice given to Executive at least two years prior to the effective date of such termination, provided that, if a Change in Control occurs prior to the effective date of such termination, the termination of this Agreement shall not be effective and Executive shall be entitled to the full benefits of this Agreement. Any such amendment or termination shall be made pursuant to a resolution of the BoardCompany’s Board of Directors or Compensation Committee.

Appears in 6 contracts

Samples: Change in Control Agreement (Methode Electronics Inc), Change in Control Agreement (Methode Electronics Inc), Change in Control Agreement (Methode Electronics Inc)

Amendment or Termination. This Agreement may be amended at any time by written agreement between the Company and Executive. The Company may terminate this Agreement by written notice given to Executive at least two years prior to the effective date of such termination, provided that, if a Change in Control occurs prior to the effective date of such termination, the termination of this Agreement shall not be effective and Executive shall be entitled to the full benefits of this Agreement. Any such amendment or termination shall be made pursuant to a resolution of the BoardCompany's Board of Directors.

Appears in 6 contracts

Samples: Employment Security Agreement (Methode Electronics Inc), Employment Security Agreement (Illinois Central Corp), Employment Security Agreement (Methode Electronics Inc)

Amendment or Termination. This The provisions of this Agreement may be amended at any time by written agreement between the Company and the Executive, with any material amendment approved by the Compensation Committee or the Board. The Subject to the final sentence of Section 1.1, the Company may terminate this Agreement by written notice given to Executive at least two years prior to the effective date of such termination, provided that, if a Change in Control occurs prior to the effective date such termination, the termination of this Agreement shall not be effective and Executive shall be entitled to the full benefits of this Agreement. Any such amendment or termination shall be made pursuant to a resolution of the Compensation Committee or the Board, effective as of a date at least twelve months following the date the Company gives written notice to the Executive of its intent to terminate this Agreement.

Appears in 4 contracts

Samples: Control Severance Agreement (Plymouth Industrial REIT Inc.), Control Severance Agreement (Plymouth Industrial REIT, Inc.), Control Severance Agreement (Plymouth Industrial REIT Inc.)

Amendment or Termination. This Agreement may be amended at any time by changed or terminated only upon the mutual written agreement between consent of the Company and Executive. The Company may terminate this Agreement by written notice given to Executive at least two years prior Notwithstanding any provision to the effective date of such terminationcontrary, provided that, if a Change in Control occurs prior to the effective date such termination, the termination of this Agreement shall not terminate when Executive ceases to be effective and Executive shall be entitled to employed by the full benefits of this Agreement. Any such amendment Company or termination shall be made pursuant to a resolution of the Boardby any surviving or successor entity following any Change in Control.

Appears in 3 contracts

Samples: Benefits Agreement (Us Airways Inc), Benefits Agreement (Us Airways Inc), Control Agreement (Us Airways Inc)

Amendment or Termination. This The Company and Executive may amend this Agreement may be amended at any time by written agreement between the Company and Executiveagreement. The Company may terminate this Agreement by written notice given to Executive at least two years prior to the effective date of such termination, provided that, if a Change in Control occurs prior to the effective date of such termination, the termination of this Agreement shall not be effective and Executive shall be entitled to the full benefits of this Agreement. Any such amendment or termination shall be made pursuant to a resolution of the Board.

Appears in 3 contracts

Samples: Employment Security Agreement (Smurfit Stone Container Corp), Employment Security Agreement (Smurfit Stone Container Corp), Employment Security Agreement (Smurfit Stone Container Corp)

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Amendment or Termination. This Agreement may be amended at any time by written agreement between the Company and ExecutiveEmployee. The Company may terminate this Agreement by written notice given to Executive Employee at least two (2) years prior to the effective date of such termination, provided that, if a Change in Control occurs prior to the effective date of such termination, the termination of this Agreement shall not be effective and Executive Employee shall be entitled to the full benefits of this Agreement. Any such amendment or termination shall be made pursuant to a resolution of the BoardCompany’s Board of Directors or Compensation Committee.

Appears in 3 contracts

Samples: Change in Control Agreement (Methode Electronics Inc), Change in Control Agreement (Methode Electronics Inc), Change in Control Agreement (Methode Electronics Inc)

Amendment or Termination. This The provisions of this Agreement may be amended at any time by written agreement between the Company and the Executive, with any material amendment approved by the Compensation Committee or the Board. The Subject to the second to last sentence of Section 1.1, the Company may terminate this Agreement by written notice given to Executive at least two years prior to the effective date of such termination, provided that, if a Change in Control occurs prior to the effective date such termination, the termination of this Agreement shall not be effective and Executive shall be entitled to the full benefits of this Agreement. Any such amendment or termination shall be made pursuant to a resolution of the Compensation Committee or the Board, effective as of a date at least twelve months following the date the Company gives written notice to the Executive of its intent to terminate the Agreement.

Appears in 2 contracts

Samples: Control Severance Agreement (Mb Financial Inc /Md), Control Severance Agreement (Mb Financial Inc /Md)

Amendment or Termination. This Agreement may be amended at any time by written agreement between the Company and ExecutiveEmployee. The Company may terminate this Agreement by written notice given to Executive Employee at least two years prior to the effective date of such termination, provided that, if a Change in Control occurs prior to the effective date of such termination, the termination of this Agreement shall not be effective and Executive Employee shall be entitled to the full benefits of this Agreement. Any such amendment or termination shall be made pursuant to a resolution of the BoardCompany’s Board of Directors or Compensation Committee.

Appears in 1 contract

Samples: Change in Control Agreement (Methode Electronics Inc)

Amendment or Termination. This Agreement may be amended at any time by written agreement between the Company and Executive. The Company may terminate this This Agreement by written notice given to Executive at least two years terminates on January 24, 2004, provided that, if a change in control occurs prior to the effective date of such termination, provided that, if a Change in Control occurs prior to the effective date such termination, the termination of this Agreement shall not be effective and Executive shall be entitled to the full benefits of this Agreement. Any such amendment or termination shall be made pursuant to a resolution of the Board.

Appears in 1 contract

Samples: Employment Security Agreement (Plato Learning Inc)

Amendment or Termination. This The Company and Executive may amend this Agreement may be amended at any time by written agreement between the Company and Executiveagreement. The Company may terminate this Agreement by written notice given to Executive at least two years prior to the effective date of such termination, provided that, if a Change in Control occurs prior to the effective date such termination, the termination of this Agreement shall not be effective and Executive shall be entitled to the full benefits of this Agreement. Any such amendment or termination shall be made pursuant to a resolution of the Board.

Appears in 1 contract

Samples: Employment Security Agreement (Jefferson Smurfit Corp /De/)

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