Common use of Qualifying Terminations Clause in Contracts

Qualifying Terminations. The occurrence of any one of the following events within twenty-four calendar months after a Change in Control of the Company will trigger the payment of Severance Benefits under this Agreement: (a) an involuntary termination of the Executive’s employment without Just Cause; (b) a voluntary termination of the Executive’s employment with the Company, for Good Reason; (c) the failure or refusal of a successor company (including, but not limited to, an individual, corporation, association, or partnership) to assume the Company’s obligations under this Agreement, as required by Section 8.1; and (d) a breach by the Company or any successor company of any of the provisions of this Agreement. In addition, an involuntary termination without Just Cause will trigger the payment of Severance Benefits under this Agreement if the Executive’s employment is terminated by the Company without Just Cause within six months prior to a Change in Control that actually occurs during the term of this Agreement and either (i) the termination was at the request or direction of a Person who has entered into an agreement with the Company the consummation of which would constitute a Change in Control, or (ii) the Executive reasonably demonstrates that the termination is otherwise in connection with or in anticipation of the Change in Control.

Appears in 5 contracts

Sources: Change in Control Severance Agreement (Mb Financial Inc /Md), Change in Control Severance Agreement (Mb Financial Inc /Md), Change in Control Severance Agreement (Mb Financial Inc /Md)

Qualifying Terminations. The occurrence of any one of the following events within twenty-four calendar months after a Change in Control of the Company will trigger the payment of Severance Benefits under this Agreement: (a) an involuntary termination of the Executive’s employment without Just Cause; (b) a voluntary termination of the Executive’s employment with the Company, Company for Good Reason; (c) the failure or refusal of a successor company (including, but not limited to, an individual, corporation, association, or partnership) to assume the Company’s obligations under this Agreement, as required by Section 8.1; and (d) a breach by the Company or any successor company of any of the provisions of this Agreement. In addition, an involuntary termination without Just Cause will trigger the payment of Severance Benefits under this Agreement if the Executive’s employment is terminated by the Company without Just Cause within six months prior to a Change in Control that actually occurs during the term of this Agreement and either (i) the termination was at the request or direction of a Person who has entered into an agreement with the Company the consummation of which would constitute a Change in Control, Control or (ii) the Executive reasonably demonstrates that the termination is otherwise in connection with or in anticipation of the Change in Control.

Appears in 4 contracts

Sources: Change in Control Severance Agreement (Plymouth Industrial REIT, Inc.), Change in Control Severance Agreement (Plymouth Industrial REIT Inc.), Change in Control Severance Agreement (Plymouth Industrial REIT Inc.)

Qualifying Terminations. The occurrence of any one of the following events within twenty-four calendar months after a Change in Control of the Company will trigger the payment of Severance Benefits under this Agreement: (a) an involuntary termination of the Executive’s 's employment without Just Cause; (b) a voluntary termination of the Executive’s 's employment with the Company, Company for Good Reason; (c) the failure or refusal of a successor company (including, but not limited to, an individual, corporation, association, or partnership) to assume the Company’s 's obligations under this Agreement, as required by Section 8.1; and (d) a breach by the Company or any successor company of any of the provisions of this Agreement. In addition, an involuntary termination without Just Cause will trigger the payment of Severance Benefits under this Agreement if the Executive’s 's employment is terminated by the Company without Just Cause within six months prior to a Change in Control that actually occurs during the term of this Agreement and either (i) the termination was at the request or direction of a Person who has entered into an agreement with the Company the consummation of which would constitute a Change in Control, Control or (ii) the Executive reasonably demonstrates that the termination is otherwise in connection with or in anticipation of the Change in Control.

Appears in 3 contracts

Sources: Change in Control Severance Agreement (Plymouth Industrial REIT, Inc.), Change in Control Severance Agreement (Plymouth Industrial REIT, Inc.), Change in Control Severance Agreement (Plymouth Industrial REIT, Inc.)

Qualifying Terminations. The occurrence of any one of the following events within twenty-twenty four calendar months after a Change in Control of the Company will trigger the payment of Severance Benefits under this Agreement: (a) an involuntary termination of the Executive’s employment without Just Cause; (b) a voluntary termination of the Executive’s employment with the Company, Company for Good Reason; (c) the failure or refusal of a successor company (including, but not limited to, an individual, corporation, association, or partnership) to assume the Company’s obligations under this Agreement, as required by Section 8.1; and (d) a breach by the Company or any successor company of any of the provisions of this Agreement. In addition, an involuntary termination without Just Cause will trigger the payment of Severance Benefits under this Agreement if the Executive’s employment is terminated by the Company without Just Cause within six months prior to a Change in Control that actually occurs during the term of this Agreement and either (i) the termination was at the request or direction of a Person who has entered into an agreement with the Company the consummation of which would constitute a Change in Control, or (ii) the Executive reasonably demonstrates that the termination is otherwise in connection with or in anticipation of the Change in Control.

Appears in 2 contracts

Sources: Change in Control Severance Agreement (Mb Financial Inc /Md), Change in Control Severance Agreement (Mb Financial Inc /Md)

Qualifying Terminations. The occurrence of any one of the following events within twenty-twenty four calendar months after a Change in Control of the Company will trigger the payment of Severance Benefits under this Agreement: (a) an involuntary termination of the Executive’s employment without Just Cause; (b) a voluntary termination of the Executive’s employment with the Company, for Good Reason; (c) the failure or refusal of a successor company (including, but not limited to, an individual, corporation, association, or partnership) to assume the Company’s obligations under this Agreement, as required by Section 8.1; and (d) a breach by the Company or any successor company of any of the provisions of this Agreement. In addition, an involuntary termination without Just Cause will trigger the payment of Severance Benefits under this Agreement if the Executive’s employment is terminated by the Company without Just Cause within six months prior to a Change in Control that actually occurs during the term of this Agreement and either (i) the termination was at the request or direction of a Person who has entered into an agreement with the Company the consummation of which would constitute a Change in Control, or (ii) the Executive reasonably demonstrates that the termination is otherwise in connection with or in anticipation of the Change in Control.

Appears in 2 contracts

Sources: Change in Control Severance Agreement (Mb Financial Inc /Md), Change in Control Severance Agreement (Mb Financial Inc /Md)

Qualifying Terminations. The occurrence of any one of the following events within twenty-four calendar months after a Change in Control of the Company will trigger the payment of Severance Benefits under this Agreement: (a) an involuntary termination of the Executive’s employment without Just Cause; (b) a voluntary termination of the Executive’s employment with the Company, for Good Reason; (c) the failure or refusal of a successor company (including, but not limited to, an individual, corporation, association, or partnership) to assume the Company’s obligations under this Agreement, as required by Section 8.1; and (d) a breach by the Company or any successor company of any of the provisions of this Agreement. In addition, an involuntary termination without Just Cause will trigger the payment of Severance Benefits under this Agreement if the Executive’s employment is terminated by the Company without Just Cause within six months prior to a Change in Control that actually occurs during the term of this Agreement and either (i) the termination was at the request or direction of a Person who has entered into an agreement with the Company the consummation of which would constitute a Change in Control, or (ii) the Executive reasonably demonstrates that the termination is otherwise in connection with or in anticipation of the Change in Control.

Appears in 1 contract

Sources: Change in Control Severance Agreement (Mb Financial Inc /Md)

Qualifying Terminations. The occurrence of any one (1) of the following events within twenty-four (24) calendar months after a Change in Control of the Company will shall trigger the payment of Severance Benefits under this Agreement: (a) an An involuntary termination of the Executive’s 's employment without Just Cause; (b) a A voluntary termination of the Executive’s 's employment with the Company, for Good Reason; (c) the failure or refusal of a A successor company (including, but not limited to, an individual, corporation, association, or partnership) fails or refuses to assume the Company’s 's obligations under this Agreement, as required by Section 8.18.1 herein; andor (d) a breach by the The Company or any successor company of breaches any of the provisions of this Agreement. In addition, an involuntary termination without Just Cause will shall trigger the payment of Severance Benefits under this Agreement if the Executive’s 's employment is terminated by the Company without Just Cause within six (6) months prior to a Change in Control that actually occurs during the term of this Agreement and either (i) the such termination was at the request or direction of a Person who has entered into an agreement with the Company the consummation of which would constitute a Change in Control, or (ii) the Executive reasonably demonstrates that the such termination is otherwise in connection with or in anticipation of the Change in Control.

Appears in 1 contract

Sources: Change in Control Severance Agreement (Mb Midcity Inc)