Common use of Qualified Change of Control Clause in Contracts

Qualified Change of Control. (i) If (I) Executive is terminated by the Company without Cause or Executive resigns for Good Reason during the period commencing on a Qualified Change of Control and ending on the second (2nd) anniversary of the Qualified Change of Control (such two (2)-year period being the "PROTECTION PERIOD" hereunder), or (II) Executive reasonably demonstrates that such termination of employment (or event constituting Good Reason) prior to a Qualified Change of Control was at the request of a third party who was taking steps reasonably calculated to effect a Qualified Change of Control and a Qualified Change of Control actually occurs, (each a "QUALIFYING TERMINATION"), then Executive shall be entitled to receive:

Appears in 3 contracts

Samples: Executive Employment Agreement (Calamos Asset Management, Inc. /DE/), Executive Employment Agreement (Calamos Asset Management, Inc. /DE/), Employment Agreement (Calamos Asset Management, Inc. /DE/)

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Qualified Change of Control. (i) If (I) Executive is terminated by the Company without Cause or Executive resigns for Good Reason during the period commencing on a Qualified Change of Control and ending on the second (2nd) anniversary of the Qualified Change of Control (such two (2)-year 2) year period being the "PROTECTION PERIOD" hereunder), ) or (II) Executive reasonably demonstrates that such termination of employment (or event constituting Good Reason) prior to a Qualified Change of Control was at the request of a third party who was taking steps reasonably calculated to effect a Qualified Change of Control and a Qualified Change of Control actually occurs, occurs (each a "QUALIFYING TERMINATION"), then Executive shall be entitled to receive:

Appears in 3 contracts

Samples: Executive Employment Agreement (Calamos Asset Management, Inc. /DE/), Executive Employment Agreement (Calamos Asset Management, Inc. /DE/), Employment Agreement (Calamos Asset Management, Inc. /DE/)

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Qualified Change of Control. (i) If (I) Executive is terminated by the Company without Cause or Executive resigns for Good Reason during the period commencing on a Qualified Change of Control and ending on the second (2nd) anniversary of the Qualified Change of Control (such two (2)-year 2) year period being the "PROTECTION PERIOD" “Protection Period” hereunder), ) or (II) Executive reasonably demonstrates that such termination of employment (or event constituting Good Reason) prior to a Qualified Change of Control was at the request of a third party who was taking steps reasonably calculated to effect a Qualified Change of Control and a Qualified Change of Control actually occurs, occurs (each a "QUALIFYING TERMINATION"“Qualifying Termination”), then Executive shall be entitled to receive:

Appears in 2 contracts

Samples: Executive Employment Agreement (Calamos Asset Management, Inc. /DE/), Executive Employment Agreement (Calamos Asset Management, Inc. /DE/)

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