Operation and Term of Agreement. This Agreement shall be effective immediately upon its execution. This Agreement may be terminated by the Company upon 24 months' advance written notice to the Executive; provided, however, that after a Change in Control of the Company during the term of this Agreement, this Agreement shall remain in effect until all of the obligations of the parties under the Agreement are satisfied and the Protection Period has expired. Prior to a Change in Control this Agreement shall immediately terminate upon termination of the Executive's employment or upon the Executive's ceasing to be an elected officer of the Company.
Operation and Term of Agreement. This Agreement shall amend and restate the Prior Agreement effective immediately upon its execution. This Agreement may be terminated by the Company upon 24 months' advance written notice to the Executive; provided, however, that after a Change in Control of the Company during the term of this Agreement, this Agreement shall remain in effect until all of the obligations of the parties under the Agreement are satisfied and the Protection Period (as defined below) has expired. Prior to a Change in Control this Agreement shall immediately terminate upon termination of the Executive's employment or upon the Executive's ceasing to be an elected officer of the Company, except in the case of such termination under circumstances set forth in Section 2(g), 3, 4, or 5 below.
Operation and Term of Agreement. This Agreement shall commence at the Effective Time of the Merger as contemplated in the Merger Agreement (defined below) and shall continue through the third anniversary of such date; provided, however, that after a Change in Control of the Company during the term of this Agreement, this Agreement shall remain in effect until all of the obligations of the parties hereunder are satisfied and the Protection Period has expired. Prior to a Change in Control this Agreement shall immediately terminate upon termination of the Executive's employment, except in the case of such termination under circumstances set forth in the last paragraph of Section 4 below.
Operation and Term of Agreement. This Agreement shall commence on the date set forth above and shall terminate on the second anniversary of such date unless this Agreement is extended, as set forth below; provided, however, that after a Change in Control of the Parent Company during the term of this Agreement, this Agreement shall remain in effect until all of the obligations of the parties hereunder are satisfied and the Protection Period (as defined below) has expired. The term of this Agreement shall be extended automatically at the end of the initial term, and at the end of any extended term, for an additional period of two (2) years unless either party shall provide written notice to the other of its intention not to so extend, such notice to be given not less than one (1) year prior to the end of the initial term or any extension thereof, as the case may be. Notwithstanding the foregoing, prior to a Change in Control, this Agreement shall immediately terminate upon termination of the Executive’s employment, except in the case of such termination under circumstances set forth in the last paragraph of Section 3 below.
Operation and Term of Agreement. This agreement, which amends and restates in its entirety the existing letter agreement between the Company and you dated [__________], as amended by letter agreement dated [__________], shall become effective immediately upon the execution hereof. This agreement shall continue until May 1, 2002, and shall automatically renew for each consecutive twelve month period thereafter (I.E., May 1st to April 30th), unless either the Company provides you or you provide the Company a one (1) year prior written notice of its or your intention not to renew this agreement. Notwithstanding the foregoing, the term of this agreement shall continue in effect for a period of not less than thirty-six (36) months after each Change of Control occurring during the term of this agreement; and any benefit that accrues to you pursuant to the terms of this agreement shall continue to be an obligation of the Company and enforceable by you until paid in full, notwithstanding the subsequent termination of this agreement; provided however that if the event constituting a Change of Control is either the commencement of a tender offer, or the entering into of an agreement referred to in item (ii) or (iii) of paragraph 2, and such tender offer is still pending or such agreement has not been consummated at the end of the thirty-six month period applicable to such Change of Control, then without limitation of the other provisions of this paragraph, such thirty-six month period shall be extended through the date on which the tender offer or agreement is either (a) terminated or abandoned or (b) consummated, whichever occurs first, and the thirty-six month period provided for in paragraph 3.B. shall also be so extended. If more than one Change of Control occurs during the term of this agreement, the provisions of this agreement shall be applicable to each such Change of Control.
Operation and Term of Agreement. This Agreement shall be effective as of the Agreement Date and shall continue until the Expiration Date. The Expiration Date shall initially be December 31, , but commencing on that date, and each December 31 thereafter, the Expiration Date shall automatically be extended by one additional year unless, not later than September 30, the Company gives notice to the Executive that it will not extend the Expiration Date.
Operation and Term of Agreement. This Agreement shall commence as of the date first set forth above and shall terminate on February 26, 2017 unless this Agreement is terminated earlier as set forth below; provided, however, that after a Change in Control of the Company during the term of this Agreement, this Agreement shall remain in effect until all of the obligations of the parties hereunder are satisfied and the Protection Period has expired. Notwithstanding the foregoing, prior to a Change in Control this Agreement shall immediately terminate upon termination of the Executive’s employment, except in the case of such termination under circumstances set forth in the last paragraph of Section 4 below.
Operation and Term of Agreement. This agreement, although effective immediately, shall not become operative unless and until there has been a change in control of the Company. None of the provisions of this agreement shall be applicable to any termination of Executive's employment, however occurring, which is effective prior to a change in control of the Company. This agreement shall continue until the later of December 31, 2000 or two years after the occurrence of a change in control of the Company, provided such change in control occurs on or before December 31, 2000, subject to extension beyond that date by mutual written consent. This agreement will be reviewed with Executive between January 1, 2000 and July 31, 2000, for the purpose of determining whether or not an extension beyond December 31, 2000 is mutually agreeable and, if so, on what basis and for how long.
Operation and Term of Agreement. This agreement, although effective immediately, shall not become operative unless and until there has been a change in control of the Company. None of the provisions of this agreement shall be applicable to any termination of your employment, however occurring, which is effective prior to a change in control of the Company. This agreement shall continue until the later of December 31, 2004 or two years after the occurrence of a change in control of the Company, provided such change in control occurs on or before December 31, 2004, subject to extension beyond that date by mutual written consent. The Company will review this agreement with you between January 1, 2004 and July 31, 2004, for the purpose of determining whether or not an extension beyond December 31, 2004 is mutually agreeable and, if so, on what basis and for how long.
Operation and Term of Agreement. This Agreement shall be effective as of the date of the consummation of the transactions (the “Merger Date”) contemplated under the Agreement and Plan of Merger, dated August 23, 2000, by and among MONY, MONY Acquisition Corp. and the Company (the “Merger Agreement”), and shall continue until the Expiration Date. The Expiration Date shall initially be the fifth anniversary of the Merger Date, but commencing on such fifth anniversary, and each such anniversary date thereafter, the Expiration Date shall automatically be extended by one additional year unless, not later than 90 days prior to such anniversary date, one of the parties provides notice to the other that it will not extend the Expiration Date. Notwithstanding the foregoing, the provisions of Section 4 hereof shall be effective on the Agreement Date and shall remain in effect for the periods specified therein.
