Common use of CONSULTANCY ENGAGEMENT Clause in Contracts

CONSULTANCY ENGAGEMENT. (A) Upon the occurrence of a Change of Control and provision of Notice of Termination by the Executive, the Company may elect to require Executive to provide consulting services for a six (6) month period commencing the date of such election. Such election shall be made by the Company's provision to Executive of written notice made no later than thirty (30) days after the receipt of any Notice of Termination by the Executive.

Appears in 5 contracts

Samples: Employment Agreement (Viatel Inc), Employment Agreement (Viatel Inc), Employment Agreement (Viatel Inc)

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CONSULTANCY ENGAGEMENT. (A) Upon the occurrence of a Change of Control and provision of Notice of Termination by the Executive, the Company may elect to require Executive to provide consulting services for a six six- (6) month period commencing the date of such election. Such election shall be made by the Company's provision to Executive of written notice made no later than thirty (30) days after the receipt of any Notice of Termination by the Executive.

Appears in 1 contract

Samples: Employment Agreement (Viatel Inc)

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