Common use of Payment upon Change of Control Clause in Contracts

Payment upon Change of Control. Upon a Change of Control of the Company, Employee shall receive an amount equal to 100% of Employee’s then current Base Salary. Such payment shall be paid in a single lump-sum payment, within forty-five (45) days following the date of the Change of Control.

Appears in 5 contracts

Samples: Change of Control Agreement (American Ecology Corp), Change of Control Agreement (American Ecology Corp), Change of Control Agreement (American Ecology Corp)

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Payment upon Change of Control. Upon a Change of Control of the Company, Employee shall receive an amount a payment equal to 100% of Employee’s two (2) times his then current Base SalarySalary (the “Change of Control Payment”). Such payment Change of Control Payment shall be paid in a single lump-sum payment, within forty-five (45) days following the date of the Change of Control.

Appears in 1 contract

Samples: Executive Employment Agreement (American Ecology Corp)

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