Common use of Certain Terminations Clause in Contracts

Certain Terminations. Unless the Executive expressly agrees otherwise, if the Company gives written notice of its intent to discontinue the daily extensions of the Term as provided for in Section 2.2 hereof within the two months preceding or the 18 months following a Change of Control, the giving of such notice shall be treated as a termination by the Company for other than Misconduct as of the date such notice is given.

Appears in 10 contracts

Samples: Employment Agreement (American Capital Agency Corp), Employment Agreement (American Capital Agency Corp), Employment Agreement (American Capital, LTD)

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Certain Terminations. Unless the Executive expressly agrees otherwise, if the Company gives written notice of its intent to discontinue the daily extensions of the Term as provided for in Section 2.2 hereof within the two months preceding or the 18 months following a Change of Control, the giving of such notice shall be treated as a termination by the Company for other than Gross Misconduct as of the date such notice is given.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (American Capital Agency Corp)

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