Common use of Payments and Benefits Upon a Change in Control Clause in Contracts

Payments and Benefits Upon a Change in Control. (a) If within two (2) years after a Change in Control or during the Period Pending a Change in Control, (i) the Company shall terminate Executive’s employment with the Company without Good Cause, or (ii) Executive shall voluntarily terminate such employment with Good Reason, the Company shall make the payments and provide the benefits described below. Capitalized terms used but not otherwise defined herein shall have the meaning set forth in Section 2 hereof.

Appears in 6 contracts

Samples: Employment Security Agreement, Employment Security Agreement (Northern Trust Corp), Employment Security Agreement (Northern Trust Corp)

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