Common use of Termination Prior to Change in Control Clause in Contracts

Termination Prior to Change in Control. Nothing expressed or implied in this Agreement will create any right or duty on the part of the Company or Employee to have Employee remain in the employment of the Company prior to or following any Change in Control. Any termination of employment of Employee by the Company other than for Cause or by reason of his death or disability pursuant to Sections 7(b), (d) or (e) during the period beginning on the date that is sixty (60) days prior to the date of the first public announcement by the Company of the potential occurrence of an event that would constitute a Change in Control and ending on the date of consummation of such Change in Control shall be deemed to be a termination of Employee after a Change in Control for purposes of this Agreement.

Appears in 4 contracts

Samples: Employment Agreement (Health Care & Retirement Corp / De), Employment Agreement (Health Care & Retirement Corp / De), Employment Agreement (Health Care & Retirement Corp / De)

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