Common use of Special Rule on Change of Control Clause in Contracts

Special Rule on Change of Control. In the event that a termination of employment subject to this Section 4.5 shall occur within the three months preceding or the 18 months following a Change of Control, the Severance Computation Period shall be 36 months and the Salary Continuation Period shall be 18 months.

Appears in 4 contracts

Samples: Employment Agreement (American Capital Strategies LTD), Employment Agreement (American Capital Strategies LTD), Employment Agreement (American Capital Strategies LTD)

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Special Rule on Change of Control. In the event that a termination of employment subject to this Section 4.5 shall occur within the three months preceding or the 18 months following a Change of Control, the Severance Computation Period shall be 36 months and the Salary Continuation Period shall be 18 24 months.

Appears in 3 contracts

Samples: Employment Agreement (American Capital Strategies LTD), Employment Agreement (American Capital Strategies LTD), Employment Agreement (American Capital Strategies LTD)

Special Rule on Change of Control. In the event that a termination of employment subject to this Section 4.5 shall occur within the three two months preceding or the 18 months following a Change of Control, (i) the Severance Computation Period in Section 4.5(a)(i) shall be 36 months and months, (ii) the Salary Continuation Period Executive shall be 18 months.entitled an additional payment in an amount equal to six times the amount of a single installment payment under 4.5(a)(i), which payment shall be paid in six equal monthly installment payments beginning with the first month after the last installment payment in 4.5(a)(i) is payable (each such installment shall be treated as

Appears in 3 contracts

Samples: Employment Agreement (American Capital, LTD), Employment Agreement (American Capital, LTD), Employment Agreement (American Capital, LTD)

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Special Rule on Change of Control. In the event that a termination of employment subject to this Section 4.5 shall occur within the three months preceding or the 18 months following a Change of Control, the Severance Computation Period shall be 36 months and the Salary Continuation Period shall be 18 monthsthree years.

Appears in 1 contract

Samples: Employment Agreement (American Capital Strategies LTD)

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