Common use of Termination of Employment Following a Change of Control Clause in Contracts

Termination of Employment Following a Change of Control. If any of the events described in Article 2 constituting a Change of Control of Callon shall have occurred, Executive shall be entitled to the benefits provided in Article 5, and upon the subsequent termination of his employment the benefits provided in Article 4, provided that such termination occurs within two (2) years following a Change of Control of Callon (unless such termination is on account of Executive’s death, in which case such termination must occur within six (6) months following a Change of Control of Callon), unless such termination is: (a) because of his “Disability” (as defined in Section 3.1), (b) by Callon for “

Appears in 3 contracts

Samples: Severance Compensation Agreement (Callon Petroleum Co), Compensation Agreement (Callon Petroleum Co), Severance Compensation Agreement (Callon Petroleum Co)

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Termination of Employment Following a Change of Control. If any of the events described in Article Section 2 constituting a Change of Control of Callon shall have occurred, Executive shall be entitled to the benefits provided in Article Section 5, and upon the subsequent termination of his employment the benefits provided in Article Section 4, provided that such termination occurs within two (2) years following a Change of Control of Callon (unless such termination is on account of Executive’s death, in which case such termination must occur within six (6) months following a Change of Control of Callon), unless such termination is: (a) because of his “Disability” (as defined in Section 3.1), (b) by Callon for “Cause” (as defined in Section 3.2); or (c) by Executive other than for “Good Reason” (as defined in Section 3.3).

Appears in 2 contracts

Samples: Severance Compensation Agreement (Callon Petroleum Co), Compensation Agreement (Callon Petroleum Co)

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Termination of Employment Following a Change of Control. If any of the events described in Article 2 constituting a Change of Control of Callon shall have occurred, Executive shall be entitled to the benefits provided in Article 5, and upon the subsequent termination of his employment the benefits provided in Article 4, provided that such termination occurs within two (2) years following a Change of Control of Callon (unless such termination is on account of Executive’s 's death, in which case such termination must occur within six (6) months following a Change of Control of Callon), unless such termination is: (a) because of his “Disability” (as defined in Section 3.1), (b) by Callon for “

Appears in 1 contract

Samples: Severance Compensation Agreement (Callon Petroleum Co)

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