Common use of Employment Rights Clause in Contracts

Employment Rights. Nothing expressed or implied in this Agreement shall create any right or duty on the part of the Company or the Executive to have the Executive remain in the employment of the Company prior to any Change in Control, provided, however, that any event which would constitute an Executive Termination Event had a Change in Control occurred following the commencement of active negotiations with a third party (which negotiations are evidenced by the delivery of evaluation material) that ultimately results in a Change in Control shall be deemed to be a termination or removal of the Executive by the Company other than for Cause after a Change in Control for purposes of this Agreement.

Appears in 13 contracts

Samples: Employment Agreement (La Quinta Properties Inc), Employment Agreement (La Quinta Properties Inc), Employment Agreement (La Quinta Holdings Inc.)

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Employment Rights. Nothing expressed or implied in this Agreement shall will create any right or duty on the part of the Company or the Executive to have the Executive remain in the employment of the Company or any Subsidiary prior to or following any Change in Control, provided, however, that . Any termination of employment of the Executive or the removal of the Executive from the office or position in the Company or any event which would constitute an Executive Termination Event had a Change in Control occurred Subsidiary following the commencement of active negotiations any discussion with a third party (which negotiations are evidenced by the delivery of evaluation material) person that ultimately results in a Change in Control shall be deemed to be a termination or removal of the Executive by the Company other than for Cause after a Change in Control for purposes of this Agreement.

Appears in 10 contracts

Samples: Severance Agreement (Autobond Acceptance Corp), 7 Severance Agreement (Sinter Metals Inc), Severance Agreement (Loewen Group Inc)

Employment Rights. Nothing expressed or implied in this Agreement shall create any right or duty on the part of the Company or the Executive to have the Executive remain in the employment of the Company prior to any Change in Control, ; provided, however, that any event which would constitute termination of employment of the Executive or removal of the Executive as an Executive Termination Event had a Change in Control occurred Officer of the Company following the commencement of active negotiations any discussion with a third party (which negotiations are evidenced by the delivery of evaluation material) person that ultimately results in a Change in Control shall be deemed to be a termination or removal of the Executive by the Company other than for Cause after a Change in Control for purposes of this Agreement.

Appears in 7 contracts

Samples: Change in Control Agreement (Southwest Bancorp of Texas Inc), Change in Control Agreement (Southwest Bancorp Inc /Tx/), Change in Control Agreement (Southwest Bancorp of Texas Inc)

Employment Rights. Nothing expressed or implied in this Agreement shall create any right or duty on the part of the Company or the Executive to have the Executive remain in the employment of the Company prior to any Change in Control, ; provided, however, that any event which would constitute an termination of employment of the Executive Termination Event had a Change or the removal of the Executive from his office or position in Control occurred the Company or any Subsidiary following the commencement of active negotiations any discussion with a third party (which negotiations are evidenced by the delivery of evaluation material) person that ultimately results in a Change in Control shall be deemed to be a termination or removal of the Executive by the Company other than for Cause after a Change in Control for purposes of this Agreement.

Appears in 6 contracts

Samples: Employment Agreement (LUBRIZOL Corp), Employment Agreement (LUBRIZOL Corp), Employment Agreement (Lubrizol Corp)

Employment Rights. Nothing expressed or implied in this Agreement shall will create any right or duty on the part of the Company or the Executive to have the Executive remain in the employment of the Company prior to or following any Change in Control. Any event or occurrence described in Section 2(b)(i), provided(ii), however(iii), that any event which would constitute an Executive Termination Event had a Change in Control occurred (v) or (vi) hereof following the commencement of active negotiations a discussion with a third party (which negotiations are evidenced by the delivery of evaluation material) person that ultimately results in a Change in Control shall be deemed to be a termination or removal of the Executive by the Company other than for Cause have occurred after a Change in Control for the purposes of this Agreement.

Appears in 6 contracts

Samples: Change in Control Severance Agreement (Triad Hospitals Inc), Change in Control Severance Agreement (Triad Hospitals Inc), Control Severance Agreement (Psychiatric Solutions Inc)

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Employment Rights. Nothing expressed or implied in this Agreement shall create any right or duty on the part of the Company or the Executive to have the Executive remain in the employment of the Company prior to any Change in Control, ; provided, however, that any event which would constitute actual or constructive termination of employment of the Executive or removal of the Executive as an Executive Termination Event had a Change in Control occurred officer of the Company following the commencement of active negotiations any discussion with or receipt of an offer from a third party (which negotiations are evidenced by the delivery of evaluation material) person that ultimately results in a Change in Control shall be deemed to be a termination or removal of the Executive by the Company other than for Cause after a Change in Control for purposes of this Agreement.

Appears in 6 contracts

Samples: Change in Control Agreement (Consolidated Graphics Inc /Tx/), Change in Control Agreement (Consolidated Graphics Inc /Tx/), Change in Control Agreement (Consolidated Graphics Inc /Tx/)

Employment Rights. Nothing expressed or implied in this Agreement shall create any right or duty on the part of the Company or the Executive to have the Executive remain in the employment of the Company prior to any Change in Control; PROVIDED, provided, howeverHOWEVER, that any event which would constitute an termination of employment of the Executive Termination Event had or the removal of the Executive from the office or position in the Company (as a result of a pending Change in Control occurred Control) following the commencement of active negotiations any discussion with a third party (which negotiations are evidenced by the delivery of evaluation material) person that ultimately results in a Change in Control shall be deemed to be a termination or removal of the Executive by the Company other than for Cause after a Change in Control for purposes of this Agreement.

Appears in 2 contracts

Samples: Control Agreement (Lamson & Sessions Co), Control Agreement (Lamson & Sessions Co)

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