Common use of Termination and Change in Control Clause in Contracts

Termination and Change in Control. In the event of a Change in Control and at any time during the Change of Control Period (x) the Executive’s employment is terminated, or (y) without Executive’s written consent there occurs any material adverse change in the nature and scope of the Executive’s position, responsibilities, duties, or a change of 10 miles or more in the Executive’s location of employment, or any material reduction in Executive’s compensation or benefits and Executive voluntarily terminates his employment, then the Executive shall receive the Accrued Obligations on the Date of Termination, and the severence benefits consisting of:

Appears in 5 contracts

Samples: Employment Agreement (Heritage Commerce Corp), Employment Agreement (Heritage Commerce Corp), Employment Agreement (Heritage Commerce Corp)

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Termination and Change in Control. In the event of a Change in Control and at any time during the Change of Control Period (x) the Executive’s employment is terminated, or (y) without Executive’s written consent there occurs any material adverse change in the nature and scope of the Executive’s position, responsibilities, duties, or a change of 10 30 miles or more in the Executive’s location of employment, or any material reduction in Executive’s compensation or benefits and Executive voluntarily terminates his employment, then the Executive shall receive the Accrued Obligations on the Date of Termination, and the severence severance benefits consisting of:

Appears in 3 contracts

Samples: Employment Agreement (Heritage Commerce Corp), Employment Agreement (Heritage Commerce Corp), Employment Agreement (Heritage Commerce Corp)

Termination and Change in Control. In the event of a Change in Control and at any time during the Change of Control Period (x) the Executive’s employment is terminated, or (y) without Executive’s written consent there occurs any material adverse change in the nature and scope of the Executive’s position, responsibilities, duties, or a change of 10 miles or more in the Executive’s location of employment, or any material reduction in Executive’s compensation or benefits and Executive voluntarily terminates his her employment, then the Executive shall receive the Accrued Obligations on the Date of Termination, and the severence benefits consisting of:

Appears in 2 contracts

Samples: Employment Agreement (Heritage Commerce Corp), Employment Agreement (Heritage Commerce Corp)

Termination and Change in Control. In the event of a Change in Control and at any time during the Change of Control Period (x) the Executive’s employment is terminated, or (y) without Executive’s written consent there occurs any material adverse change in the nature and scope of the Executive’s position, responsibilities, duties, or a change of 10 25 miles or more in the Executive’s location of employment, or any material reduction in Executive’s compensation or benefits and Executive voluntarily terminates his her employment, then the Executive shall receive the Accrued Obligations on the Date of Termination, and the severence severance benefits consisting of:

Appears in 1 contract

Samples: Employment Agreement (Heritage Commerce Corp)

Termination and Change in Control. In the event of a Change in Control and at any time during the Change of Control Period (x) the Executive’s employment is terminated, or (y) without the Executive’s written consent there occurs any material adverse change in the nature and scope of the Executive’s position, responsibilities, duties, or a change of 10 30 miles or more in the Executive’s location of employment, or any material reduction in the Executive’s compensation or benefits and the Executive voluntarily terminates his the Executive’s employment, then the Executive shall receive the Accrued Obligations on the Date of Termination, and the severence severance benefits consisting of:

Appears in 1 contract

Samples: Employment Agreement (Heritage Commerce Corp)

Termination and Change in Control. In the event of a Change in Control and at any time during the Change of Control Period (x) the Executive’s employment is terminated, or (y) without Executive’s written consent there occurs any material adverse change in the nature and scope of the Executive’s position, responsibilities, duties, or a change of 10 30 miles or more in the Executive’s location of employment, or any material reduction in Executive’s compensation or benefits and Executive voluntarily terminates his her employment, then the Executive shall receive the Accrued Obligations on the Date of Termination, and the severence severance benefits consisting of:

Appears in 1 contract

Samples: Employment Agreement (Heritage Commerce Corp)

Termination and Change in Control. In the event of a Change in Control and at any time during the Change of Control Period (x) the Executive’s employment is terminated, or (y) without Executive’s written consent there occurs any material adverse change in the nature and scope of Executive voluntarily terminates the Executive’s positionemployment and this Agreement for Good Reason, responsibilities, duties, or a change and upon execution of 10 miles or more in the Release Agreement by the Executive’s location of employment, or any material reduction in Executive’s compensation or benefits and Executive voluntarily terminates his employment, then the Executive shall receive the Accrued Obligations on the Date of Termination, and the severence severance benefits consisting of:

Appears in 1 contract

Samples: Release Agreement (Heritage Commerce Corp)

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Termination and Change in Control. In the event of a Change in Control and at any time during the Change of Control Period (x) the Executive’s employment is terminated, or (y) without the Executive’s written consent there occurs any material adverse change in the nature and scope of the Executive’s position, responsibilities, duties, or a change of 10 30 miles or more in the Executive’s location of employment, or any material reduction in the Executive’s compensation or benefits benefits, or the Bank materially breaches this Agreement and the Executive voluntarily terminates his the Executive’s employment, then the Executive shall receive the Accrued Obligations on the Date of Termination, and the severence severance benefits consisting of:

Appears in 1 contract

Samples: Employment Agreement (Heritage Commerce Corp)

Termination and Change in Control. In the event of a Change in Control and at any time during the Change of Control Period (x) the Executive’s employment is terminated, or (y) without Executive’s written consent there occurs any material adverse change in the nature and scope of the Executive’s position, responsibilities, duties, or a change of 10 miles or more in the Executive’s location of employment, or any material reduction in Executive’s compensation or benefits and Executive voluntarily terminates his employmentemployment and this Agreement for Good Reason, then the Executive shall receive the Accrued Obligations on the Date of Termination, and the severence severance benefits consisting of:

Appears in 1 contract

Samples: Employment Agreement (Heritage Commerce Corp)

Termination and Change in Control. In the event of a Change in Control and at any time during the Change of Control Period (x) the Executive’s employment is terminated, or (y) without Executive’s written consent there occurs any material adverse change in the nature and scope of the Executive’s position, responsibilities, duties, or a change of 10 25 miles or more in the Executive’s location of employment, or any material reduction in Executive’s compensation or benefits and Executive voluntarily terminates his employment, then the Executive shall receive the Accrued Obligations on the Date of Termination, and the severence severance benefits consisting of:

Appears in 1 contract

Samples: Employment Agreement (Heritage Commerce Corp)

Termination and Change in Control. In the event of a Change in Control and at any time during the Change of Control Period (x) the Executive’s employment is terminated, or (y) without Executive’s written consent there occurs any material adverse change in the nature and scope of Executive voluntarily terminates the Executive’s position, responsibilities, duties, or a change of 10 miles or more in the Executive’s location of employment, or any material reduction in Executive’s compensation or benefits employment and Executive voluntarily terminates his employmentthis Agreement for Good Reason, then the Executive shall receive the Accrued Obligations on the Date of Termination, and the severence severance benefits consisting of:

Appears in 1 contract

Samples: Employment Agreement (Heritage Commerce Corp)

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