Common use of Events Giving Rise to Benefits Clause in Contracts

Events Giving Rise to Benefits. The Company agrees to pay or cause to be paid to the Officer the benefits specified in this Section 2 if (i) there is a Change of Control, and (ii) within the Change of Control Period, (a) the Company or the Successor terminates the employment of the Officer for any reason other than Cause, death or Disability or (b) the Officer voluntarily terminates employment for Good Reason.

Appears in 6 contracts

Samples: Retention Agreement (Magnetek, Inc.), Change of Control Agreement (Magnetek, Inc.), Retention Agreement (Magnetek, Inc.)

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