Common use of Payments and Benefits Clause in Contracts

Payments and Benefits. Upon Employment Termination Upon a Change in Control. If, within twenty four (24) months after a Change in Control, the Executive’s employment is terminated by the Company other than for Cause or if the Executive terminates employment for Good Reason (as defined below), the Company shall provide the following payments and benefits to the Executive, in lieu of those payments and benefits provided under Sections 6(d), but in addition to the amounts payable under Section 6(a):

Appears in 6 contracts

Samples: Employment Agreement (Advanced Life Sciences Holdings, Inc.), Employment Agreement (Advanced Life Sciences Holdings, Inc.), Employment Agreement (Advanced Life Sciences Holdings, Inc.)

AutoNDA by SimpleDocs

Payments and Benefits. Upon Employment Termination Upon After a Change ---------------------------------------------------------------- in Control. If, If within twenty four (24) months two years after a Change in Control, the Executive’s employment is terminated by the Company other than for Cause or if the Executive terminates employment for Good Reason Control (as defined ---------- below), the Company shall terminates the Executive's employment other than for Cause, or the Executive voluntarily terminates his employment for Good Reason, the Company will provide the following payments and benefits to the Executive, in lieu of those payments and benefits provided under Sections 6(d)5(c) or (d) above, but in addition to the amounts payable under Section 6(a):5(a) above:

Appears in 2 contracts

Samples: Employment Agreement (Smurfit Stone Container Corp), Employment Agreement (Smurfit Stone Container Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.