Common use of Qualifying CIC Termination Clause in Contracts

Qualifying CIC Termination. In the event of a Qualifying CIC Termination, subject to the terms and conditions of Section 6 hereof, Employee shall be entitled to the following payments, which shall be paid in one lump sum within 65 days after the Date of Termination (other than the Accrued Benefits, which shall be payable within 30 days of the Date of Termination or sooner when required under applicable law):

Appears in 5 contracts

Samples: Change in Control and Severance Agreement (XPO, Inc.), Change in Control and Severance Agreement (XPO, Inc.), Change in Control and Severance Agreement (XPO, Inc.)

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