Common use of Employment Status Termination Following Change in Control Clause in Contracts

Employment Status Termination Following Change in Control. (a) No benefits shall be payable under this Agreement unless there has been a Change in Control of the Company during the Term. You acknowledge that this Agreement does not constitute a contract of employment or impose on the Company any obligation to retain you as an employee. You may terminate your employment at any time, with or without Good Reason. If your employment with the Company terminates for any reason and subsequently a Change in Control shall have occurred, you shall not be entitled to any benefits hereunder.

Appears in 8 contracts

Samples: Management Retention Agreement (Computervision Corp /De/), Inso Corp, Computervision Corp /De/

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