Common use of Qualifying Terminations Clause in Contracts

Qualifying Terminations. If, during the Term of this Agreement and either within 24 months after a Change in Control or within a Potential Change in Control Period, (1) the Executive’s employment is terminated by the Company or any successor to the Company for any reason other than Cause, or (2) the Executive terminates his employment due to Good Reason, then the Executive will be entitled to receive the severance payments and benefits set forth in Article IV below; provided, however, that no severance payments shall be made, or continuing benefits provided, under this Agreement, if any of the following apply:

Appears in 8 contracts

Samples: Noncompetition Agreement (Stanley, Inc.), Change in Control Severance Agreement (Stanley, Inc.), Noncompetition Agreement (Stanley, Inc.)

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Qualifying Terminations. If, during the Term of this Agreement and either within 24 36 months after a Change in Control or within a Potential Change in Control Period, (1) the Executive’s employment is terminated by the Company or any successor to the Company for any reason other than Cause, or (2) the Executive terminates his employment due to Good Reason, then the Executive will be entitled to receive the severance payments and benefits set forth in Article IV below; provided, however, that no severance payments shall be made, or continuing benefits provided, under this Agreement, if any of the following apply:

Appears in 1 contract

Samples: Noncompetition Agreement (Stanley, Inc.)

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