Common use of Employment by a Subsidiary Clause in Contracts

Employment by a Subsidiary. Either the Company or a Subsidiary may be Executive’s legal employer. For purposes of this Agreement, any reference to Executive’s termination of employment with the Company means termination of employment with the Company and all Subsidiaries, and does not include a transfer of employment between any of them. The actions referred to under the definition of “Good Reason” in subsection 4.3 include the actions of the Company or Executive’s employing Subsidiary, as applicable. The obligations created under this Agreement are obligations of the Company. A change in control of a Subsidiary will not constitute a Change in Control for purposes of this Agreement unless there is also a contemporaneous Change in Control of the Company. For purposes of Section 1 and this paragraph, a “Subsidiary” means an entity more than fifty percent (50%) of whose equity interests are owned directly or indirectly by the Company.

Appears in 3 contracts

Samples: Employment Security Agreement (Isco Inc), Employment Security Agreement (Isco Inc), Employment Security Agreement (Isco Inc)

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Employment by a Subsidiary. Either the Company or a Subsidiary may be Executive’s 's legal employer. For purposes of this Agreement, any reference to Executive’s 's termination of employment with the Company means termination of employment with the Company company and all Subsidiaries, and does not include a transfer of employment between any of them. The actions referred to under the definition of "Good Reason" in subsection SUBSECTION 4.3 include the actions of the Company or Executive’s 's employing Subsidiary, as applicable. The obligations created under this Agreement are obligations of the Company. A change Change in control Control of a Subsidiary will not constitute a Change in Control for purposes of this Agreement unless there is also a contemporaneous Change in Control of the Company. For purposes of Section SECTION 1 and this paragraph, a "Subsidiary" means an entity more than fifty percent (50%) of whose equity interests are owned directly or indirectly by the Company.

Appears in 3 contracts

Samples: Employment Security Agreement (Ballantyne of Omaha Inc), Employment Security Agreement (Ballantyne of Omaha Inc), Employment Security Agreement (Ballantyne of Omaha Inc)

Employment by a Subsidiary. Either the Company or a Subsidiary may be Executive’s your legal employer. For purposes of this AgreementLetter, any reference to Executive’s your termination of employment with the Company means termination of employment with the Company and all Subsidiaries, and does not include a transfer of employment between any of them. The actions referred to under the definition of “Good Reason” in subsection subparagraph 4.3 include the actions of the Company or Executive’s your employing Subsidiary, as applicable. The obligations created under this Agreement Letter are obligations of the Company. A change in control of a Subsidiary will not constitute a Change in Control for purposes of this Agreement Letter unless there is also a contemporaneous Change in Control of the Company. For purposes of Section paragraph 1 and this paragraph, a “Subsidiary” means an entity more than fifty percent (50%) of whose equity interests are owned directly or indirectly by the Company.

Appears in 2 contracts

Samples: Cic Agreement (Equifax Inc), Equifax Inc

Employment by a Subsidiary. Either the Company or a Subsidiary may be Executive’s 's legal employer. For purposes of this Agreement, any reference to Executive’s 's termination of employment with the Company means termination of employment with the Company and all Subsidiaries, and does not include a transfer of employment between any of them. The actions referred to under the definition of “Good Reason” in subsection 4.3 5.3 include the actions of the Company or Executive’s 's employing Subsidiary, as applicable. The obligations created under this Agreement are obligations of the Company. A change in control of a Subsidiary will not constitute a Change in Control for purposes of this Agreement unless there is also a contemporaneous Change in Control of the Company. For purposes of Section 1 and this paragraphAgreement, a “Subsidiary” means an entity more than fifty percent (50%) of whose equity interests are owned directly or indirectly by the Company.

Appears in 2 contracts

Samples: Employment Agreement (Gateway Energy Corp/Ne), Employment Agreement (Gateway Energy Corp/Ne)

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Employment by a Subsidiary. Either the Company or a Subsidiary may be Executive’s legal employer. For purposes of this Agreement, any reference to Executive’s termination of employment with the Company means termination of employment with the Company and all Subsidiaries, and does not include a transfer of employment between any of them. The actions referred to under the definition of “Good Reason” in subsection 4.3 5.3 include the actions of the Company or Executive’s employing Subsidiary, as applicable. The obligations created under this Agreement are obligations of the Company. A change in control of a Subsidiary will not constitute a Change in Control for purposes of this Agreement unless there is also a contemporaneous Change in Control of the Company. For purposes of Section 1 and this paragraphAgreement, a “Subsidiary” means an entity more than fifty percent (50%) of whose equity interests are owned directly or indirectly by the Company.

Appears in 1 contract

Samples: Agreement (Western Sizzlin Corp)

Employment by a Subsidiary. Either the Company or a Subsidiary may be Executive’s 's legal employer. For purposes of this Agreement, any reference to Executive’s 's termination of employment with the Company means termination of employment with the Company and all Subsidiaries, and does not include a transfer of employment between any of them. The actions referred to under the definition of "Good Reason" in subsection 4.3 5.3 include the actions of the Company or Executive’s 's employing Subsidiary, as applicable. The obligations created under this Agreement are obligations of the Company. A change in control of a Subsidiary will not constitute a Change in Control for purposes of this Agreement unless there is also a contemporaneous Change in Control of the Company. For purposes of Section 1 and this paragraphAgreement, a “Subsidiary” means an entity more than fifty percent (50%) of whose equity interests are owned directly or indirectly by the Company."

Appears in 1 contract

Samples: Employment Agreement (Gateway Energy Corp/Ne)

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