Termination of Employment Following a Change of Control. (i) If within twelve (12) months following a “Change of Control of UTi Worldwide” (as defined below), (a) the Company terminates Executive’s employment other than for Cause or Executive’s death or disability, or (b) the Company terminates this Agreement pursuant to the second sentence of Section 2 above, then the Company shall be obligated to pay to Executive or Executive’s estate the payments and benefits set forth in Section 6(e)(v).
Appears in 12 contracts
Samples: Employment Agreement (UTi WORLDWIDE INC), Employment Agreement (UTi WORLDWIDE INC), Employment Agreement (UTi WORLDWIDE INC)
Termination of Employment Following a Change of Control. (i) If within twelve (12) months following a “Change of Control of UTi Worldwide” (as defined below), (a) the Company terminates Executive’s employment hereunder other than for Cause or Executive’s death or disability, or (b) the Company terminates this Agreement pursuant to the second sentence of Section 2 above, then the Company shall be obligated to pay to Executive or Executive’s estate the payments and benefits set forth in Section 6(e)(v).
Appears in 10 contracts
Samples: Employment Agreement (UTi WORLDWIDE INC), Employment Agreement (UTi WORLDWIDE INC), Employment Agreement (UTi WORLDWIDE INC)
Termination of Employment Following a Change of Control. (i) If within twelve (12) months following a “Change of Control of UTi Worldwide” (as defined below), (a) the Company terminates Executive’s employment other than for Cause or Executive’s death or disability, or (b) the Company terminates this Agreement pursuant to the second sentence of Section 2 above, then the Company shall be obligated to pay to Executive or Executive’s estate the payments and benefits set forth in Section 6(e)(v), which payments shall be inclusive of any severance pay as stipulated in the Basic Conditions of Employment Act.
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