Common use of Restricted Period Clause in Contracts

Restricted Period. For purposes of this Agreement, “Restricted Period” shall mean the period of the Executive’s employment during the Term and, in the event of a termination of the Executive’s employment following a Change in Control that entitles Executive to Severance Payments covered by Section 4 hereof, the twelve (12) month period following such termination of employment, commencing from the Date of Termination.

Appears in 8 contracts

Samples: Change in Control Agreement (Spectra Energy Corp.), Change in Control Agreement (Duke Energy CORP), Change in Control Agreement (Duke Energy CORP)

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Restricted Period. For purposes of this Agreement, The “Restricted Period” shall mean the period of the time during Executive’s employment during with the Term and, in Employer and for a period of twelve (12) months from the date of termination of Executive’s employment with the Employer for any reason. In the event of a termination breach of the this Agreement by Executive’s employment following a Change in Control that entitles Executive to Severance Payments covered by Section 4 hereof, the twelve (12) month period following such termination Restricted Period, as applicable, shall be extended automatically by the number of employment, commencing from the Date days in which Executive is acting in breach of Terminationthis Agreement.

Appears in 5 contracts

Samples: Employment Agreement (Aprimo, INC), Employment Agreement (Aprimo, INC), Employment Agreement (Aprimo, INC)

Restricted Period. For purposes “Restricted Period” means a period of 12 months following the date of Executive’s termination of employment; provided, however, that if Executive’s termination of employment occurs under the circumstances giving rise to payment under Section 3(b) of this Agreement, the Restricted Period will equal the Non-COC Severance Period” shall mean the period of the Executive’s employment during the Term and, in the event of a termination of the Executive’s employment following a Change in Control that entitles Executive to Severance Payments covered by Section 4 hereof, the twelve (12) month period following such termination of employment, commencing from the Date of Termination.

Appears in 5 contracts

Samples: Involuntary Termination Protection Agreement (Vivint Solar, Inc.), Involuntary Termination Protection Agreement (Vivint Solar, Inc.), Involuntary Termination Protection Agreement (Vivint Solar, Inc.)

Restricted Period. For purposes of this Agreement, “Restricted Period” shall mean the period of the Executive’s employment during the Term and, in the event of a termination of the ExecutiveEmployee’s employment following a Change in Control that entitles Executive to Severance Payments covered by Section 4 hereof, the twelve (12) month period following such termination of employment, commencing from the Date of Termination.

Appears in 4 contracts

Samples: Change in Control Agreement (Duke Energy Corp), Change in Control Agreement (Spectra Energy Corp.), Change in Control Agreement (Spectra Energy Corp.)

Restricted Period. For purposes of this Agreement, the “Restricted Period” shall mean the period ending on the later of, (i) the expiration of Executive’s Term of employment as set forth in this Agreement, or (ii) two (2) years after Executive terminates employment with Company or any of its affiliates. The running of the Executive’s employment Restricted Period shall be tolled for any period during the Term and, which Executive is in the event of a termination violation of the Executive’s employment following a Change in Control that entitles Executive to Severance Payments covered by Section 4 hereof, the twelve (12) month period following such termination of employment, commencing from the Date of Terminationrestrictions set forth herein.

Appears in 3 contracts

Samples: Employment Agreement (MedPro Safety Products, Inc.), Employment Agreement (MedPro Safety Products, Inc.), Employment Agreement (MedPro Safety Products, Inc.)

Restricted Period. For purposes of this Agreement, "Restricted Period" shall mean the period of the Executive’s 's employment during the Term and, in the event of a termination of the Executive’s Employee's employment following a Change in Control that entitles Executive to Severance Payments covered by Section 4 hereof, the twelve (12) month period following such termination of employment, commencing from the Date of Termination.

Appears in 2 contracts

Samples: Change in Control Agreement (Spectra Energy Corp.), Change in Control Agreement (Spectra Energy Corp.)

Restricted Period. For purposes of this Agreement, “Restricted Period” shall mean the period means (i) with respect to any termination of the Executive’s employment during outside the Term andChange in Control Period, in a period of one (1) year immediately following the event date of a such termination; and (ii) with respect to any termination of the Executive’s employment following a within the Change in Control that entitles Executive to Severance Payments covered by Section 4 hereofPeriod, a period of eighteen (18) months immediately following the twelve (12) month period following date of such termination of employment, commencing from the Date of Terminationtermination.

Appears in 1 contract

Samples: Michael Ensing Employment Agreement (Realnetworks Inc)

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Restricted Period. For purposes of this Agreement, “Restricted Period” shall mean the period commencing on the Effective Date and ending on the date that is nine months following the Executive’s termination of employment for any reason; provided that, if the Executive’s employment is terminated pursuant to Section 5(d) because the Executive is no longer legally permitted to work in the United States, then “Restricted Period” shall mean the period commencing on the Effective Date and ending on the date of the Executive’s employment during the Term and, in the event of a termination of the Executive’s employment following a Change in Control that entitles Executive to Severance Payments covered by Section 4 hereof, the twelve (12) month period following such termination of employment, commencing from the Date of Termination.

Appears in 1 contract

Samples: Employment Agreement (Mfa Financial, Inc.)

Restricted Period. For purposes of this Agreement, “Restricted Period” shall mean the period means (i) with respect to any termination of the Executive’s employment during outside the Term andChange in Control Period, in a period of one (1) year immediately following the event date of a such termination; and (ii) with respect to any termination of the Executive’s employment following a within the Change in Control that entitles Executive to Severance Payments covered by Section 4 hereofPeriod, a period of two (2) years immediately following the twelve (12) month period following date of such termination of employment, commencing from the Date of Terminationtermination.

Appears in 1 contract

Samples: Agreement (Realnetworks Inc)

Restricted Period. For purposes of this Agreement, “Restricted Period” shall mean the period commencing on the Effective Date and ending on the date that is nine months following the Executive’s termination of employment for any reason; provided that, if the Executive’s employment is terminated pursuant to Section 5(e) because the Executive is no longer legally permitted to work in the United States, then “Restricted Period” shall mean the period commencing on the Effective Date and ending on the date of the Executive’s employment during the Term and, in the event of a termination of the Executive’s employment following a Change in Control that entitles Executive to Severance Payments covered by Section 4 hereof, the twelve (12) month period following such termination of employment, commencing from the Date of Termination.

Appears in 1 contract

Samples: Employment Agreement (Mfa Financial, Inc.)

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