Common use of Termination and Amendment of Agreement Clause in Contracts

Termination and Amendment of Agreement. (a) This Agreement shall be effective as of the Effective Date and shall expire on the third anniversary of the Effective Date, provided that not later than nine months prior to the expiration of the term of this Agreement, the Company and the Executive shall review and discuss in good faith whether or not to renew, amend or replace the Agreement. If a Potential Change in Control occurs during the term of the Agreement, then in no event shall the Agreement expire earlier than the date such Potential Change in Control terminates without resulting in a Change in Control, and if a Change in Control occurs during the term of the Agreement, then in no event shall the Agreement expire earlier than the 24-month anniversary of such Change in Control. Notwithstanding the foregoing, any expiration or termination of this Agreement shall not retroactively impair or otherwise adversely affect the rights of the Executive which have arisen prior to the date of such expiration.

Appears in 4 contracts

Samples: Compensation Protection Agreement (CDW Corp), Compensation Protection Agreement (CDW Corp), Compensation Protection Agreement (CDW Corp)

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Termination and Amendment of Agreement. (a) This Agreement shall be effective as of the Effective Date and shall expire on the third anniversary of the Effective DateJanuary 1, 2023, provided that not later than nine months prior to the expiration of the term of this Agreement, the Company and the Executive shall review and discuss in good faith whether or not to renew, amend or replace the Agreement. If a Potential Change in Control occurs during the term of the Agreement, then in no event shall the Agreement expire earlier than the date such Potential Change in Control terminates without resulting in a Change in Control, and if a Change in Control occurs during the term of the Agreement, then in no event shall the Agreement expire earlier than the 24-month anniversary of such Change in Control. Notwithstanding the foregoing, any expiration or termination of this Agreement shall not retroactively impair or otherwise adversely affect the rights of the Executive which have arisen prior to the date of such expiration.

Appears in 4 contracts

Samples: Compensation Protection Agreement (CDW Corp), Compensation Protection Agreement (CDW Corp), Compensation Protection Agreement (CDW Corp)

Termination and Amendment of Agreement. (a) This Agreement shall be effective as of the Effective Date and shall expire on the third anniversary of the Effective Expiration Date, provided that not later than nine months prior to the expiration of the term of this AgreementExpiration Date, the Company and the Executive shall review and discuss in good faith whether or not to renew, amend or replace the Agreement. If a Potential Change in Control occurs during the term of the Agreement, then in no event shall the Agreement expire earlier than the date such Potential Change in Control terminates without resulting in a Change in Control, and if a Change in Control occurs during the term of the Agreement, then in no event shall the Agreement expire earlier than the 24-month anniversary of such Change in Control. Notwithstanding the foregoing, any expiration or termination of this Agreement shall not retroactively impair or otherwise adversely affect the rights of the Executive which have arisen prior to the date of such expiration.

Appears in 1 contract

Samples: Compensation Protection Agreement (CDW Corp)

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Termination and Amendment of Agreement. (a) This Agreement shall be effective as of the Effective Date and shall expire on the third anniversary of the Effective DateJanuary 1, 2026, provided that not later than nine months prior to the expiration of the term of this Agreement, the Company and the Executive shall review and discuss in good faith whether or not to renew, amend or replace the Agreement. If a Potential Change in Control occurs during the term of the Agreement, then in no event shall the Agreement expire earlier than the date such Potential Change in Control terminates without resulting in a Change in Control, and if a Change in Control occurs during the term of the Agreement, then in no event shall the Agreement expire earlier than the 24-month anniversary of such Change in Control. Notwithstanding the foregoing, any expiration or termination of this Agreement shall not retroactively impair or otherwise adversely affect the rights of the Executive which have arisen prior to the date of such expiration.

Appears in 1 contract

Samples: Compensation Protection Agreement (CDW Corp)

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