Common use of Provision of Services Following Change in Control Clause in Contracts

Provision of Services Following Change in Control. At the request of Employer, Executive shall continue to serve hereunder for a period of time not to exceed one hundred eighty (180) days following the Termination Date. If Employer requests Executive to perform such services, Executive shall be compensated from and after the Termination Date for the period that Executive actually remains employed by Employer at his then current salary, and with the provisions of Section 5.2, above, continuing to apply as well. All such amounts payable to Executive shall be in addition to and not in lieu of the amounts payable to Executive under Section 5.5.2, above. Upon the later to occur of an occurrence of a Change of Control or the termination of any period during which Executive continues to provide services as aforesaid, Executive’s employment hereunder shall terminate.

Appears in 5 contracts

Samples: Employment Agreement (Bioquest Corp), Employment Agreement (Oxford Media, Inc.), Executive Employment Agreement (Oxford Media, Inc.)

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Provision of Services Following Change in Control. At the request of Employer, Executive shall continue to serve hereunder for a period of time not to exceed one hundred eighty (180) days following the Termination Date. If Employer requests Executive to perform such services, Executive shall be compensated from and after the Termination Date for the period that Executive actually remains employed by Employer at his then current salary, and with the provisions of Section 5.25.5.2, above, continuing to apply as well. All such amounts payable to Executive shall be in addition to and not in lieu of the amounts payable to Executive under Section 5.5.2, above. Upon the later to occur of an occurrence of a Change of Control or the termination of any period during which Executive continues to provide services as aforesaid, Executive’s employment hereunder shall terminate.

Appears in 3 contracts

Samples: Employment Agreement (Bioquest Corp), Employment Agreement (Bioquest Corp), Employment Agreement (Bioquest Corp)

Provision of Services Following Change in Control. At the request of Employer, Executive shall continue to serve hereunder for a period of time not to exceed one hundred eighty (180) days following the Termination Date. If Employer requests Executive to perform such services, Executive shall be compensated from and after the Termination Date for the period that Executive actually remains employed by Employer at his then current salary, and with the provisions of Section 5.2, above, continuing to apply as well. All such amounts payable to Executive shall be in addition to and not in lieu of the amounts payable to Executive under Section 5.5.2, above. Upon the later to occur of an occurrence of a Change of Control or the termination of any period during which Executive continues to provide services as aforesaid, Executive’s 's employment hereunder shall terminate.

Appears in 2 contracts

Samples: Executive Employment Agreement (Oxford Media, Inc.), Executive Employment Agreement (Oxford Media, Inc.)

Provision of Services Following Change in Control. At the request of Employer, Executive shall continue to serve hereunder for a period of time not up to exceed one hundred eighty (180) days following the Termination Date. If Employer requests Executive to perform such services, Executive shall be compensated from and after the Termination Date for the period that Executive actually remains employed by Employer at his then current salary, and with the provisions of Section 5.2, above, continuing to apply as wellBase Salary. All Any such amounts payable to Executive shall be in addition to and not in lieu of the amounts payable to Executive under Section 5.5.25.6.2, above. Upon the later to occur of an occurrence of a Change of Control or the termination of any period during which Executive continues to provide services as aforesaid, Executive’s 's employment hereunder shall terminate.

Appears in 1 contract

Samples: Biodiesel Industries Inc

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Provision of Services Following Change in Control. At the request of Employer, Executive shall continue to serve hereunder for a period of time not to exceed one hundred eighty (180) days following the Termination Date. If Employer requests Executive to perform such services, Executive shall be compensated from and after the Termination Date for the period that Executive actually remains employed by Employer at his then current salary, and with the provisions of Section 5.25.4, above, continuing to apply as well. All such amounts payable to Executive shall be in addition to and not in lieu of the amounts payable to Executive under Section 5.5.25.7.2, above. Upon the later to occur of an occurrence of a Change of Control or the termination of any period during which Executive continues to provide services as aforesaid, Executive’s employment hereunder shall terminate.

Appears in 1 contract

Samples: Executive Employment Agreement (Oxford Media, Inc.)

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