Common use of Termination and Change of Control Clause in Contracts

Termination and Change of Control. (a) If the Executive shall die during the Employment Period, this Agreement shall terminate, except that (i) Executive's surviving spouse or, if none, his estate, shall be entitled to receive Executive's compensation (including bonus) to the last day of the third calendar month following the date of his death; and (ii) such termination shall not affect any rights which Executive may have at the time of his death pursuant to any insurance or other death benefit, retirement, stock option or other plans or arrangements of the Company or of any subsidiary or affiliate of the Company, which rights shall continue to be governed by the provisions of such plans and arrangements.

Appears in 6 contracts

Samples: Employment Agreement (Chirex Inc), Employment Agreement (Chirex Inc), Employment Agreement (Chirex Inc)

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Termination and Change of Control. (a) If the Executive shall die --------------------------------- during the Employment Period, this Agreement shall terminate, except that (i) Executive's surviving spouse or, if none, his estate, shall be entitled to receive Executive's compensation (including bonus) to the last day of the third calendar month following the date of his death; and (ii) such termination shall not affect any rights which Executive may have at the time of his death pursuant to any insurance or other death benefit, retirement, stock option or other plans or arrangements of the Company or of any subsidiary or affiliate of the Company, which rights shall continue to be governed by the provisions of such plans and arrangements.

Appears in 2 contracts

Samples: Employment Agreement (Chirex Inc), Employment Agreement (Chirex Inc)

Termination and Change of Control. (a) If the Executive shall die during the Employment Period, this Agreement shall terminate, except that (i) Executive's surviving spouse or, if none, his her estate, shall be entitled to receive Executive's compensation (including bonus) to the last day of the third calendar month following the date of his her death; and (ii) such termination shall not affect any rights which Executive may have at the time of his her death pursuant to any insurance or other death benefit, retirement, stock option or other plans or arrangements of the Company or of any subsidiary or affiliate of the Company, which rights shall continue to be governed by the provisions of such plans and arrangements.

Appears in 1 contract

Samples: Employment Agreement (Chirex Inc)

Termination and Change of Control. (a) If the Executive shall die during the Employment Period, this Agreement shall terminate, except that (i) Executive's surviving spouse or, if none, his estate, shall be entitled to receive Executive's compensation (including bonus) to the last day of the third calendar month following the date of his death; and (ii) such termination shall not affect any rights which Executive may have at the time of his death pursuant to any insurance or other death benefit, retirement, stock option or other plans or arrangements of the Company or of any subsidiary or affiliate of the Company, which rights shall continue to be governed by the provisions of such plans and arrangements.

Appears in 1 contract

Samples: Employment Agreement (Chirex Inc)

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Termination and Change of Control. (a) If the Executive shall die during --------------------------------- the Employment Period, this Agreement shall terminate, except that (i) Executive's surviving spouse or, if none, his estate, shall be entitled to receive Executive's compensation (including bonus) to the last day of the third calendar month following the date of his death; and (ii) such termination shall not affect any rights which Executive may have at the time of his death pursuant to any insurance or other death benefit, retirement, stock option or other plans or arrangements of the Company or of any subsidiary or affiliate of the Company, which rights shall continue to be governed by the provisions of such plans and arrangements.

Appears in 1 contract

Samples: Employment Agreement (Chirex Inc)

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