Common use of Special Conditions Relating to Good Reason During the Post-Disaggregation Period Clause in Contracts

Special Conditions Relating to Good Reason During the Post-Disaggregation Period. If Executive is employed with the Disaggregated Entity immediately following a Disaggregation, then (1) Section 3.4(a)(ii) shall apply with respect to the Executive’s position, duties or responsibilities as in effect on the day before the Disaggregation, (2) subsection 3.4(a)(iv) shall apply with respect to relocations that are required after the Disaggregation and prior to the expiration of the Post-Disaggregation Period and shall be applied by substituting “Disaggregated Entity” for “any successor to the Company,” and (3) all references in Section 3.4 to the Company or its successor shall be to the Disaggregated Entity or its successor.

Appears in 4 contracts

Samples: Control Employment Agreement (Baltimore Gas & Electric Co), Control Employment Agreement (Exelon Corp), Control Employment Agreement (Exelon Corp)

AutoNDA by SimpleDocs

Special Conditions Relating to Good Reason During the Post-Disaggregation Period. If Executive is employed retains substantially the same position with the Disaggregated Entity as immediately following a Disaggregationprior to the Disaggregation (determined without regard to reporting requirements), then (1) Section 3.4(a)(ii) shall apply only with respect to the Executive’s position, duties or responsibilities as in effect at the Disaggregated Entity on the day before following the Disaggregation, (2) subsection 3.4(a)(iv) shall apply only with respect to relocations that are required more than 60 days after the Disaggregation and prior to the expiration of the Post-Disaggregation Period and shall be applied by substituting “Disaggregated Entity” for “any successor to the Company,” ”, and (3) all references in Section 3.4 to the Company or its successor shall be to the Disaggregated Entity or its successor.

Appears in 3 contracts

Samples: Control Employment Agreement, Control Employment Agreement (Exelon Corp), Employment Agreement (Exelon Corp)

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