Common use of Subsidiary Change in Control Clause in Contracts

Subsidiary Change in Control. In the event of a Subsidiary Change in Control, Good Reason shall exist if Mr. McCrary is offered Base Salary, Target Bonus xxxxx xxx acquiring company's Short Term Bonus Plan and Long Term Bonus Plan and Target Bonus under the acquiring company's Equity Based Bonus Plan that, in the aggregate, is less than ninety percent (95%) of Mr. McCrary's Base Salary plus Target Bonus under the Xxxxxxx's Short Term Bonus Plan and Long Term Bonus Plan, plus Target Bonus under the Company's Equity Based Bonus Plan, each of which as in effect on the day the offer of employment is received;

Appears in 1 contract

Samples: Severance Agreement (Southern Co)

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Subsidiary Change in Control. In the event of a Subsidiary Change in Control, Good Reason shall exist if Mr. McCrary Garrett is offered Base Salary, Target Bonus xxxxx xxx acquiring under txx xxxxxxxxg company's Short Term Bonus Plan and Long Term Bonus Plan and Target Bonus under the acquiring company's Equity Based Bonus Plan that, in the aggregate, is less than ninety percent (95%) of Mr. McCraryGarrett's Base Salary plus Target Bonus under the Xxxxxxx's Short Coxxxxx'x Xxxxx Term Bonus Plan and Long Term Bonus Plan, plus Target Bonus under the Company's Equity Based Bonus Plan, each of which as in effect on the day the offer of employment is received;

Appears in 1 contract

Samples: Change in Control Agreement (Alabama Power Co)

Subsidiary Change in Control. In the event of a Subsidiary Change in Control, Good Reason shall exist if Mr. McCrary is offered Base Salary, Target Bonus xxxxx xxx acquiring under txx xxxxxxxxg company's Short Term Bonus Plan and Long Term Bonus Plan and Target Bonus under the acquiring company's Equity Based Bonus Plan that, in the aggregate, is less than ninety percent (95%) of Mr. McCrary's Base Salary plus Target Bonus under the Xxxxxxx's Short Coxxxxx'x Xxxxx Term Bonus Plan and Long Term Bonus Plan, plus Target Bonus under the Company's Equity Based Bonus Plan, each of which as in effect on the day the offer of employment is received;

Appears in 1 contract

Samples: Change in Control Agreement (Alabama Power Co)

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Subsidiary Change in Control. In the event of a Subsidiary Change in Control, Good Reason shall exist if Mr. McCrary Garrett is offered Base Salary, Target Bonus Bonxx xxxxx xxx xxe acquiring company's Short Term Bonus Plan and Long Term Bonus Plan and Target Bonus under the acquiring company's Equity Based Bonus Plan that, in the aggregate, is less than ninety percent (95%) of Mr. McCraryGarrett's Base Salary plus Target Bonus under the XxxxxxxXxxxxny's Short Term Bonus Plan and Long Term Bonus Plan, plus Target Bonus under the Company's Equity Based Bonus Plan, each of which as in effect on the day the offer of employment is received;

Appears in 1 contract

Samples: Change in Control Agreement (Southern Co)

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