Common use of Change in Control Severance Plan Clause in Contracts

Change in Control Severance Plan. The Executive shall be designated by the UIL Board as an individual covered by the UIL Holdings Corporation Change in Control Severance Plan II of the Company (the “UIL CIC Plan II”), subject to all of the terms and provisions of the UIL CIC Plan as it may be amended from time to time. For purposes of this Agreement, “Change in Control” shall have the meaning set forth in the UIL CIC Plan II. Nothing in this subsection, however, shall entitle the Executive to continued participation in such Plan should the UIL Board determine otherwise in accordance with the terms of that Plan.

Appears in 2 contracts

Samples: Employment Agreement (Uil Holdings Corp), Employment Agreement (Uil Holdings Corp)

AutoNDA by SimpleDocs

Change in Control Severance Plan. The Executive shall be has been designated by the UIL Board as an individual covered by the UIL Holdings Corporation Change in Control Severance Plan II of the Company (the "UIL CIC Plan II"), subject to all of the terms and provisions of the UIL CIC Plan II as it may be amended from time to time. For purposes of this Agreement, "Change in Control" shall have the meaning set forth in the UIL CIC Plan II. Nothing in this subsection, however, shall entitle the Executive to continued participation in such Plan should the UIL Board determine otherwise in accordance with the terms of that Plan.

Appears in 2 contracts

Samples: Employment Agreement (Uil Holdings Corp), Employment Agreement (Uil Holdings Corp)

Change in Control Severance Plan. The Executive shall be designated by the UIL Board as an individual covered by the UIL Holdings Corporation Change in Control Severance Plan II of the Company (the “UIL CIC Plan II”), subject to all of provided that the terms and provisions of the Executive’s UIL CIC Plan as it may II benefit shall be amended from time equal to timeher then Base Salary, plus one year of continued employee benefit plan participation. For purposes of this Agreement, “Change in Control” shall have the meaning set forth in the UIL CIC Plan II. Nothing in this subsection, however, shall entitle the Executive to continued participation in such Plan should the UIL Board determine otherwise in accordance with the terms of that Plan.

Appears in 1 contract

Samples: Employment Agreement (Uil Holdings Corp)

Change in Control Severance Plan. The Executive shall be has been designated by the UIL Board as an individual covered by the UIL Holdings Corporation Change in Control Severance Plan II of the Company (the “UIL CIC Plan II”), subject to all of the terms and provisions of the UIL CIC Plan II as it may be amended from time to time. For purposes of this Agreement, “Change in Control” shall have the meaning set forth in the UIL CIC Plan II. Nothing in this subsection, however, shall entitle the Executive to continued participation in such Plan should the UIL Board determine otherwise in accordance with the terms of that Plan.

Appears in 1 contract

Samples: Employment Agreement (Uil Holdings Corp)

Change in Control Severance Plan. The Executive shall be designated by the UIL Board as an individual covered by the UIL Holdings Corporation Change in Control Severance Plan II of the Company (the “UIL CIC Plan II”), subject to all of provided that the terms and provisions of the UIL Executive’s CIC Plan as it may II benefit shall be amended from time equal to timethree (3) times his then Base Salary, plus one year of continued employee benefit plan participation. For purposes of this Agreement, “Change in Control” shall have the meaning set forth in the UIL CIC Plan II. Nothing in this subsection, however, shall entitle the Executive to continued participation in such Plan should the UIL Board determine otherwise in accordance with the terms of that Plan.

Appears in 1 contract

Samples: Employment Agreement (Uil Holdings Corp)

AutoNDA by SimpleDocs

Change in Control Severance Plan. The Executive shall be designated by the UIL Board as an individual covered by the UIL Holdings Corporation Change in Control Severance Plan II of the Company (the "UIL CIC Plan II"), subject to all of the terms and provisions of the UIL CIC Plan as it may be amended from time to time. For purposes of this Agreement, "Change in Control" shall have the meaning set forth in the UIL CIC Plan II. Nothing in this subsection, however, shall entitle the Executive to continued participation in such Plan should the UIL Board determine otherwise in accordance with the terms of that Plan.

Appears in 1 contract

Samples: Employment Agreement (Uil Holdings Corp)

Change in Control Severance Plan. The Executive shall be has been designated by the UIL Board as an individual covered by the UIL Holdings Corporation Change in Control Severance Plan II of the Company (the “UIL CIC Plan II”), subject to all of the terms and provisions of the UIL CIC Plan II as it may be amended from time to time. For purposes of this Agreement, “Change in Control” shall have the meaning set forth in the UIL CIC Plan II. Nothing in this subsection, however, shall entitle the Executive to continued participation in such Plan should the UIL Board determine otherwise in accordance with the terms of that Plan.

Appears in 1 contract

Samples: Employment Agreement (Uil Holdings Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.