Common use of Termination Upon Change in Control Clause in Contracts

Termination Upon Change in Control. (a) Upon (x) the discharge of Executive by Employer without Cause within the twenty-four (24) months immediately following, or the six (6) months immediately preceding, a Change in Control; or (y) Executive’s Termination of Employment for Good Reason within the twenty-four (24) months immediately following, or the six (6) months immediately preceding, a Change in Control; then upon such Termination of Employment, this Agreement shall terminate immediately, and conditioned upon Executive’s execution of a release in a form provided by Employer within forty-five (45) days following such Termination of Employment, Executive shall be entitled to receive (except as otherwise provided by Section 17 hereof):

Appears in 4 contracts

Samples: Employment Agreement (Plainscapital Corp), Employment Agreement (Plainscapital Corp), Employment Agreement (Plains Capital Corp)

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Termination Upon Change in Control. (a) Upon (x) the discharge of Executive by Employer without Cause within the twenty-four twelve (2412) months immediately following, or the six (6) months immediately preceding, a Change in Control; or (y) Executive’s Termination of Employment for Good Reason within the twenty-four (24) months immediately following, or the six (6) months immediately preceding, a Change in Control; then upon such Termination of Employment, this Agreement shall terminate immediatelyimmediately (except for such provisions of this Agreement that expressly survive termination hereof) and Executive shall be entitled to receive the Accrued Amounts. In addition, and conditioned upon Executive’s execution of a release release, in a form provided by Employer Employer, within forty-five (45) days following such Termination of Employment, Executive shall be entitled to receive (except as otherwise provided by Section 17 hereof):receive:

Appears in 3 contracts

Samples: Employment Agreement (Hilltop Holdings Inc.), Employment Agreement (Hilltop Holdings Inc.), Employment Agreement (Hilltop Holdings Inc.)

Termination Upon Change in Control. Upon (a) Upon (x) the discharge of Executive by Employer without Cause within the twenty-four (24) months immediately following, or the six (6) months immediately preceding, a Change in Control; or (yb) Executive’s voluntary Termination of Employment for Good Reason within the twenty-four (24) months immediately following, or the six (6) months immediately preceding, a Change in Control; or (c) Executive’s voluntary Termination of Employment for any reason other than Good Reason within the six (6) months immediately following a Change in Control, then upon such Termination of Employment, this Agreement shall terminate immediately, and conditioned upon Executive’s execution of a release (in a form provided by Employer Employer) within forty-five (45) days following such Termination of Employment, Executive shall be entitled to receive (except as otherwise provided by Section 17 hereof):

Appears in 2 contracts

Samples: Employment Agreement (Plains Capital Corp), Employment Agreement (Plains Capital Corp)

Termination Upon Change in Control. (a) Upon (x) the discharge of Executive by Employer without Cause within the twenty-four twelve (24) months immediately following, or the six (6) months immediately preceding, a Change in Control; or (y) Executive’s Termination of Employment for Good Reason within the twenty-four (2412) months immediately following, or the six (6) months immediately preceding, a Change in Control; then upon such Termination of Employment, this Agreement shall terminate immediatelyimmediately (except for such provisions of this Agreement that expressly survive termination hereof) and Executive shall be entitled to receive the Accrued Amounts. In addition, and conditioned upon Executive’s execution of a release release, in a form provided by Employer Employer, within forty-five (45) days following such Termination of Employment, Executive shall be entitled to receive (except as otherwise provided by Section 17 hereof):receive:

Appears in 2 contracts

Samples: Employment Agreement (Hilltop Holdings Inc.), Employment Agreement (Hilltop Holdings Inc.)

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Termination Upon Change in Control. (a) Upon (x) the discharge of Executive by Employer without Cause within the twenty-four (24) months immediately following, or the six (6) months immediately preceding, a Change in Control; or (y) Executive’s Termination of Employment for Good Reason within the twenty-four (24) months immediately following, or the six (6) months immediately preceding, a Change in Control; then upon such Termination of Employment, this Agreement shall terminate immediately, and conditioned upon Executive’s execution of a release in a form provided by Employer within forty-five (45) days following such Termination of Employment, Executive shall be entitled to receive (except as otherwise provided by Section 17 hereof):receive:

Appears in 2 contracts

Samples: Employment Agreement (Plains Capital Corp), Employment Agreement (Plains Capital Corp)

Termination Upon Change in Control. (a) Upon (x) the discharge of Executive by Employer without Cause within the twenty-four (24) months immediately following, or the six (6) months immediately preceding, a Change in Control; or (y) Executive’s Termination of Employment for Good Reason within the twenty-four (24) months immediately following, or the six (6) months immediately preceding, a Change in Control; then upon such Termination of Employment, this Agreement shall terminate immediately, and conditioned upon Executive’s execution and delivery of a release in a form provided at the time of termination by Employer within forty-five (45) days following such Termination of Employment, Executive shall be entitled to receive (except as otherwise provided by Section 17 16 hereof):

Appears in 1 contract

Samples: Employment Agreement (Plainscapital Corp)

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