Common use of TERMINATION DURING POTENTIAL CHANGE IN CONTROL Clause in Contracts

TERMINATION DURING POTENTIAL CHANGE IN CONTROL. If a Potential Change in Control (as defined in Section 8) occurs during the Agreement Term, and the Company terminates the Executive’s engagement for reasons other than Permanent Disability or Cause during such Potential Change in Control, the Executive shall be entitled to receive the benefits that the Executive would have received under Section 3, such benefits to be calculated based upon the Executive’s compensation prior to the actual termination of engagement but paid within 20 business days of the date of such termination.

Appears in 17 contracts

Samples: Agreement (Gammon Gold Inc.), Agreement (Gammon Gold Inc.), Executive Employment Agreement (Capital Gold Corp)

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TERMINATION DURING POTENTIAL CHANGE IN CONTROL. If a Potential Change in Control (as defined in Section 8) occurs during the Agreement Term, and the Company terminates the Executive’s engagement 's employment for reasons other than Permanent Disability or Cause during such Potential Change in Control, the Executive shall be entitled to receive the benefits that the Executive would have received under Section 3, such benefits to be calculated based upon the Executive’s 's compensation prior to the actual termination of engagement employment but paid within 20 business days of the date of such termination.

Appears in 4 contracts

Samples: Agreement Regarding Change in Control (Abbott Laboratories), Agreement Regarding Change in Control (Hemispherx Biopharma Inc), Agreement Regarding Change in Control (Abbott Laboratories)

TERMINATION DURING POTENTIAL CHANGE IN CONTROL. If a Potential Change in Control (as defined in Section 8) occurs during the Agreement Term, and the Company terminates the Executive’s engagement employment for reasons other than Permanent Disability or Cause during such Potential Change in Control, the Executive shall be entitled to receive the benefits that the Executive would have received under Section 3, such benefits to be calculated based upon the Executive’s compensation prior to the actual termination of engagement employment but paid within 20 business days of the date of such termination.

Appears in 4 contracts

Samples: Agreement Regarding Change in Control (Hospira Inc), Agreement Regarding Change in Control (Hospira Inc), Agreement Regarding (Hospira Inc)

TERMINATION DURING POTENTIAL CHANGE IN CONTROL. If a Potential Change in Control (as defined in Section 8) 7) occurs during the Agreement Term, and the Company terminates the Executive’s engagement employment for reasons other than Permanent Disability or Cause during such Potential Change in Control, the Executive shall be entitled to receive the benefits that the Executive would have received under Section 3, such benefits to be calculated based upon the Executive’s compensation prior to the actual termination of engagement employment but paid within 20 business days of the date of such termination.

Appears in 2 contracts

Samples: Agreement Regarding Change in Control (Hospira Inc), Agreement Regarding Change in Control (Hospira Inc)

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TERMINATION DURING POTENTIAL CHANGE IN CONTROL. If a Potential Change in Control (as defined in Section 8) occurs during the Agreement Term, and the Company terminates the Executive’s engagement employment for reasons other than Permanent Disability or Cause during such Potential Change in Control, the Executive shall be entitled to receive the benefits that the Executive would have received under Section 3, except as otherwise stated in such Section 3, such benefits to be calculated based upon the Executive’s compensation prior to the actual termination of engagement employment but paid within 20 business days of the date of such termination.

Appears in 1 contract

Samples: Agreement Regarding Change in Control (Hospira Inc)

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