Common use of Termination After Change of Control Clause in Contracts

Termination After Change of Control. In the event that, before the expiration of the TERM and in connection with or within one year of a CHANGE OF CONTROL (as defined hereinafter) of either one of the EMPLOYERS, (A) the employment of the EMPLOYEE is terminated for any reason other than JUST CAUSE before the expiration of the TERM, (B) the present capacity or circumstances in which the EMPLOYEE is employed is changed before the expiration of the TERM, or (C) the EMPLOYEE's responsibilities, authority, compensation or other benefits provided under this AGREEMENT are materially reduced, then the following shall occur:

Appears in 12 contracts

Samples: Employment Agreement (First Federal Bancorp Inc/Oh/), Employment Agreement (First Federal Bancorp Inc/Oh/), Employment Agreement (First Federal Bancorp Inc/Oh/)

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Termination After Change of Control. In the event that, before the expiration of the TERM and in connection with or within one year of after a CHANGE OF CONTROL (as defined hereinafter) of either one of the EMPLOYERS, (A) the employment of the EMPLOYEE is terminated for any reason other than JUST CAUSE before the expiration of the TERM, (B) the present capacity or circumstances in which the EMPLOYEE is employed is are materially changed before the expiration of the TERM, or (C) the EMPLOYEE's responsibilities, authority, compensation or other benefits provided under this AGREEMENT are materially reduced, then the following shall occur:

Appears in 6 contracts

Samples: Employment Agreement (Milton Federal Financial Corp), Employment Agreement (Milton Federal Financial Corp), Employment Agreement (Milton Federal Financial Corp)

Termination After Change of Control. In the event that, before the expiration of the TERM and in connection with or within one year of a CHANGE OF CONTROL (as defined hereinafter) of either one of the EMPLOYERS, (A) the employment of the EMPLOYEE is terminated for any reason other than JUST CAUSE before the expiration of the TERM, (B) the present capacity or circumstances in which the EMPLOYEE is employed is changed before the expiration of the TERM, or (C) the EMPLOYEE's 'S responsibilities, authority, compensation or other benefits provided under this AGREEMENT are materially reduced, then the following shall occur:

Appears in 4 contracts

Samples: Employment Agreement (Winton Financial Corp), Employment Agreement (Winton Financial Corp), Employment Agreement (Winton Financial Corp)

Termination After Change of Control. In the event that, before the expiration of the TERM and in connection with or within one year of after a CHANGE OF CONTROL (as defined hereinafter) of either one of the EMPLOYERSEMPLOYER or Market Financial Corporation, (A) the employment of the EMPLOYEE is terminated for any reason other than JUST CAUSE before the expiration of the TERM, (B) the present capacity or circumstances in which the EMPLOYEE is employed is are materially changed before the expiration of the TERM, or (C) the EMPLOYEE's responsibilities, authority, compensation or other benefits provided under this AGREEMENT are materially reduced, then the following shall occur:

Appears in 3 contracts

Samples: Employment Agreement (Market Financial Corp), Employment Agreement (Market Financial Corp), Employment Agreement (Market Financial Corp)

Termination After Change of Control. In the event that, before the expiration of the TERM and in connection with or within one year of after a CHANGE OF CONTROL (as defined hereinafter) of either one of the EMPLOYERSEMPLOYER or the HOLDING COMPANY, (A) the employment of the EMPLOYEE is terminated for any reason other than JUST CAUSE before the expiration of the TERMCAUSE, (B) the present capacity or circumstances in which the EMPLOYEE is employed is changed before the expiration of the TERMare materially changed, or (C) the EMPLOYEE's responsibilities, authority, compensation or other benefits provided under this AGREEMENT are materially reduced, then the following shall occur:

Appears in 1 contract

Samples: Employment Agreement (Ohio State Financial Services Inc)

Termination After Change of Control. In the event that, before the expiration of the TERM and in connection with or within one year of a CHANGE OF CONTROL (as defined hereinafter) of either one of the EMPLOYERS, (Ai) the employment of the EMPLOYEE is terminated for any reason other than JUST CAUSE before the expiration of the TERM, (Bii) the present capacity or circumstances in which the EMPLOYEE is employed is changed before the expiration of the TERM, or (Ciii) the EMPLOYEE's 'S responsibilities, authority, compensation or other benefits provided under this AGREEMENT are materially reduced, then the following shall occur:

Appears in 1 contract

Samples: Severance Agreement (Winton Financial Corp)

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Termination After Change of Control. In the event that, before the expiration of the TERM term hereof and in connection with or within one year after a Change of a CHANGE OF CONTROL Control (as defined hereinafter) of either one of the EMPLOYERSEmployer, (A) the employment of the EMPLOYEE Employee is terminated for any reason other than JUST CAUSE Just Cause before the expiration of the TERMterm of this Agreement, (B) the present capacity or circumstances in which the EMPLOYEE Employee is employed is are materially changed before the expiration of the TERMterm of this Agreement, or (C) the EMPLOYEEEmployee's responsibilities, authority, compensation or other benefits provided under this AGREEMENT Agreement are materially reduced, then the following shall occur:

Appears in 1 contract

Samples: Employment Agreement (Southern Community Bancshares Inc)

Termination After Change of Control. In the event that, before the expiration of the TERM and in connection with or within one year of after a CHANGE OF CONTROL (as defined hereinafter) of either one of the EMPLOYERSEMPLOYER, (A) the employment of the EMPLOYEE is terminated for any reason other than JUST CAUSE before the expiration of the TERM, (B) the present capacity or circumstances in which the EMPLOYEE is employed is are materially changed before the expiration of the TERM, or (C) the EMPLOYEE's responsibilities, authority, compensation or other benefits provided under this AGREEMENT are materially reduced, then the following shall occur:

Appears in 1 contract

Samples: Employment Agreement (Peoples Financial Corp \Oh\)

Termination After Change of Control. In the event that, before the expiration of the TERM and in connection with or within one year of after a CHANGE OF CONTROL (as defined hereinafter) of either one of the EMPLOYERSEMPLOYER, (A) the employment of the EMPLOYEE is terminated for any reason other than JUST CAUSE before the expiration of the TERM, (B) the present capacity or circumstances in which the EMPLOYEE is employed is are materially changed before the expiration of the TERM, or (C) the EMPLOYEE's responsibilities, authority, compensation or other benefits provided under this AGREEMENT are materially reduced, then the following shall occur:

Appears in 1 contract

Samples: Employment Agreement (Peoples Financial Corp \Oh\)

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