Common use of Change of Control Rule Clause in Contracts

Change of Control Rule. If Interpublic terminates Executive’s employment for any reason other than Cause within two years after a “Change of Control” (as defined in Executive’s Change of Control Agreement with the Company, dated , as amended from time to time), any amount payable under Section 7.01(ii) shall be paid in a lump sum. Except as required by Section 7.05(i), such lump-sum payment shall be made within thirty (30) days after the Termination Date.”

Appears in 1 contract

Samples: Employment Agreement (Interpublic Group of Companies, Inc.)

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Change of Control Rule. If Interpublic terminates Executive’s employment for any reason other than Cause within two years after a “Change of Control” (as defined in Executive’s Change of Control Agreement with the Company, dated , as amended from time to timeESP), any amount payable after the Termination Date under this Article VIII, excluding any amount payable under Section 7.01(ii8.01(ii)(c) (Medical, Dental and Vision Benefits), shall be paid in a lump sum. Except as required by Section 7.05(isubsection (i), above, such lump-sum payment shall be made within thirty (30) days after the Termination Date.

Appears in 1 contract

Samples: Employment Agreement (Interpublic Group of Companies, Inc.)

Change of Control Rule. If Interpublic terminates Executive’s 's employment for any reason other than Cause within two years after a “Change of Control” (as defined in Executive’s Change of Control Agreement with the Company, dated , as amended from time to timeESP), any amount payable under Section 7.01(ii7.01(i) shall be paid in a lump sum. Except as required by Section 7.05(i7.04(i), such lump-sum payment shall be made within thirty (30) days after the Termination Date.”

Appears in 1 contract

Samples: Employment Agreement (Interpublic Group of Companies, Inc.)

Change of Control Rule. If Interpublic terminates Executive’s employment for any reason other than Cause within two years after a “Change of Control” (as defined in Executive’s Change of Control Agreement with the Company, dated , as amended from time to timeESP), any amount payable under Section 7.01(ii) 7.05 or 7.06 hereof shall be paid in a lump sum. Except as required by Section 7.05(i7.08(i), such lump-sum payment shall be made within thirty (30) days after the Termination Date.”

Appears in 1 contract

Samples: Employment Agreement (Interpublic Group of Companies, Inc.)

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Change of Control Rule. If Interpublic terminates Executive’s employment for any reason other than Cause within two years after a “Change of Control” (as defined in Executive’s Change of Control Agreement with the Company, dated , as may be amended from time to time), any amount payable under Section 7.01(ii) shall be paid in a lump sum. Except as required by Section 7.05(i), such lump-sum payment shall be made within thirty (30) days after the Termination Date.”

Appears in 1 contract

Samples: Employment Agreement (Interpublic Group of Companies, Inc.)

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