Common use of PAYMENTS FOLLOWING A CHANGE IN CONTROL Clause in Contracts

PAYMENTS FOLLOWING A CHANGE IN CONTROL. Notwithstanding anything to the contrary contained herein, should Employee at any time within two years of a change of control cease to be an employee of the Company (or its successor), by reason of (i) involuntary termination by the Company (or its successor) other than for “Cause”, or (ii) voluntary termination by Employee for “Good Reason”, the Company (or its successor) shall pay to Employee within ten days of such termination the following severance payments and benefits:

Appears in 6 contracts

Samples: Employment Agreement (Tesoro Corp /New/), Employment Agreement (Tesoro Petroleum Corp /New/), Employment Agreement (Tesoro Petroleum Corp /New/)

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