Common use of Termination Pursuant to a Change of Control Clause in Contracts

Termination Pursuant to a Change of Control. If there is a Change ------------------------------------------- of Control, as defined below, during the Term of Employment, the provisions of this Section 6(g) shall apply and shall continue to apply throughout the remainder of the Term (as extended by any Renewal Term). If, within one (1) year following a Change of Control, the Employee's employment is terminated by the Company without cause (in accordance with Section 6(e) above) or by the Employee for "Good Reason" (as defined in Section 6(g)(ii) below), the Company shall pay to the Employee (or the Employee's estate, if applicable) a lump sum amount equal to one (1) time the sum of (x) the Employee's Base Salary at the rate then in effect pursuant to Section 4(a), plus (y) an amount equal to the ---- Employee's cash bonus, if any, received in respect of the immediately preceding year pursuant to Section 4(b).

Appears in 3 contracts

Samples: Employment Agreement (Albany Molecular Research Inc), Employment Agreement (Albany Molecular Research Inc), Employment Agreement (Albany Molecular Research Inc)

AutoNDA by SimpleDocs

Termination Pursuant to a Change of Control. If there is a Change ------------------------------------------- of Control, as defined below, during the Term of Employment, the provisions of this Section 6(g) shall apply and shall continue to apply throughout the remainder of the Term (as extended by any Renewal Term). If, within one (1) year following a Change of Control, the Employee's ’s employment is terminated by the Company without cause (in accordance with Section 6(e) above) or by the Employee for "Good Reason" (as defined in Section 6(g)(ii) below), the Company shall pay to the Employee (or the Employee's ’s estate, if applicable) a lump sum amount equal to one (1) time the sum of (x) the Employee's ’s Base Salary at the rate then in effect pursuant to Section 4(a), plus (y) an amount equal to the ---- Employee's ’s cash bonus, if any, received in respect of the immediately preceding year pursuant to Section 4(b).

Appears in 1 contract

Samples: Employment Agreement (Albany Molecular Research Inc)

Termination Pursuant to a Change of Control. If there is a Change ------------------------------------------- of Control, as defined below, during the Term of Employment, the provisions of this Section 6(g) shall apply and shall continue to apply throughout the remainder of the Term (as extended by any Renewal Term). If, within one (1) year following a Change of Control, the EmployeeExecutive's employment is terminated by the Company without cause (in accordance with Section 6(e) above) or by the Employee Executive for "Good Reason" (as defined in Section 6(g)(ii) below)) or the Company elects not to renew this Agreement in accordance with Section 2, the Company shall pay to the Employee Executive (or the EmployeeExecutive's estate, if applicable) a lump sum amount equal to one (1) time the sum of (x) the EmployeeExecutive's Base Salary at the rate then in effect pursuant to Section 4(a), plus (y) an amount equal to the Executive's ---- Employee's cash bonus, if any, received in respect of the immediately preceding year pursuant to Section 4(b).

Appears in 1 contract

Samples: Employment Agreement (Albany Molecular Research Inc)

Termination Pursuant to a Change of Control. If there is a ------------------------------------------- Change ------------------------------------------- of Control, as defined below, during the Term of Employment, the provisions of this Section 6(g) shall apply and shall continue to apply throughout the remainder of the Term (as extended by any Renewal Term). If, within one (1) year following a Change of Control, the Employee's employment is terminated by the Company without cause (in accordance with Section 6(e) above) or by the Employee for "Good Reason" (as defined in Section 6(g)(ii) below), the Company shall pay to the Employee (or the Employee's estate, if applicable) a lump sum amount equal to one (1) time the sum of (x) the Employee's Base Salary at the rate then in effect pursuant to Section 4(a), plus (y) an amount equal to ---- the ---- Employee's cash bonus, if any, received in respect of the immediately preceding year pursuant to Section 4(b).

Appears in 1 contract

Samples: Employment Agreement (Albany Molecular Research Inc)

AutoNDA by SimpleDocs

Termination Pursuant to a Change of Control. If there is a Change ------------------------------------------- of Control, as defined below, during the Term of Employment, the provisions of this Section 6(g) shall apply and shall continue to apply throughout the remainder of the Term (as extended by any Renewal Term). If, within one (1) year following a Change of Control, the Employee's employment is terminated by the Company without cause (in accordance with Section 6(e) above) or by the Employee for "Good Reason" (as defined in Section 6(g)(ii) below), the Company shall pay to the Employee (or the Employee's estate, if applicable) a lump sum amount equal to one (1) time the sum of (x) the Employee's Base Salary at the rate then in effect pursuant to Section 4(a), plus (y) an amount equal to the ---- Employee's cash bonus, if any, received in respect of the immediately preceding year pursuant to Section 4(b).

Appears in 1 contract

Samples: Employment Agreement (Albany Molecular Research Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.