Common use of Compensation upon Termination following a Change of Control Clause in Contracts

Compensation upon Termination following a Change of Control. In the event of a Termination of Executive’s Employment other than for Cause within 12 months following a Change of Control, or prior to a Change of Control at the direction of a person who has entered into an agreement with the Company, the consummation of which will constitute a Change of Control, and contingent upon Executive’s compliance with Section 10 and execution of the Release of Claims and the expiration of the seven-day revocation period provided by the Age Discrimination in Employment Act of 1967, as amended by the Older Worker Benefit Protection Act of 1990, without revocation of the Release of Claims by Executive, the Company shall pay or provide the following to Executive:

Appears in 2 contracts

Samples: Employment Agreement (McCormick & Schmicks Seafood Restaurants Inc.), Employment Agreement (McCormick & Schmicks Seafood Restaurants Inc.)

AutoNDA by SimpleDocs

Compensation upon Termination following a Change of Control. In the event of a Termination of Executive’s Employment other than for Cause within 12 months following a Change of Control, or prior to a Change of Control at the direction of a person who has entered into an agreement with the Company, the consummation of which will constitute a Change of Control, and contingent upon Executive’s compliance with Section 10 9 and execution of the Release of Claims and the expiration of the seven-day revocation period provided by the Age Discrimination in Employment Act of 1967, as amended by the Older Worker Benefit Protection Act of 1990, without revocation of the Release of Claims by Executive, the Company shall pay or provide the following to Executive:

Appears in 2 contracts

Samples: Executive Severance Agreement (McCormick & Schmicks Seafood Restaurants Inc.), Executive Severance Agreement (McCormick & Schmicks Seafood Restaurants Inc.)

AutoNDA by SimpleDocs

Compensation upon Termination following a Change of Control. In the event of a Termination of Executive’s 's Employment other than for Cause within 12 months following a Change of Control, or prior to a Change of Control at the direction of a person who has entered into an agreement with the Company, the consummation of which will constitute a Change of Control, and contingent upon Executive’s 's compliance with Section 10 9 and execution of the Release of Claims and the expiration of the seven-day revocation period provided by the Age Discrimination in Employment Act of 1967, as amended by the Older Worker Benefit Protection Act of 1990, without revocation of the Release of Claims by Executive, the Company shall pay or provide the following to Executive:

Appears in 1 contract

Samples: Severance Agreement (McCormick & Schmicks Seafood Restaurants Inc.)

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