Common use of Payment in the Event of Termination Upon Change in Control of Company Clause in Contracts

Payment in the Event of Termination Upon Change in Control of Company. (a) In the event a Change in Control occurs after the date of this Agreement, the Multiple shall be two (2.0) instead of one-and-one-half (1.5) for purposes of determining the amount payable to Executive under Section 4.2(b)(i) upon any termination of employment described therein, or described in Section 4.3(b), if either occurs on or after the date of such Change of Control.

Appears in 2 contracts

Samples: Management Compensation Agreement (Pinnacle Airlines Corp), Management Compensation Agreement (Pinnacle Airlines Corp)

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Payment in the Event of Termination Upon Change in Control of Company. (a) In the event a Change in Control occurs after the date of this Agreement, the Multiple shall be two (2.0) instead of one-and-one-half (1.5) for purposes of determining the amount payable to Executive under Section 4.2(b)(i4.b(2)(i) upon any termination of employment described therein, or described in Section 4.3(b), if either occurs on or after the date of such Change of in Control.

Appears in 2 contracts

Samples: Management Compensation Agreement (Pinnacle Airlines Corp), Management Compensation Agreement (Pinnacle Airlines Corp)

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