Common use of Termination Following Change in Control Clause in Contracts

Termination Following Change in Control. (a) If a Change in Control of the Company shall have occurred while the Executive is still an employee of the Company, the Executive shall be entitled to the compensation provided in Section 4 on the subsequent termination of the Executive’s employment with the Company by the Executive voluntarily for Good Reason or by the Company without Cause, as such terms are defined in Subsections (d) and (e) below. If the Executive’s employment with the Company is terminated for any of the following reasons, no benefits will be payable hereunder:

Appears in 5 contracts

Samples: Control Agreement (Unifi Inc), Change in Control Agreement (Unifi Inc), Change in Control Agreement (Unifi Inc)

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Termination Following Change in Control. (a) If a Change in Control of the Company shall have occurred while the Executive is still an employee of the Company, the The Executive shall be entitled to the compensation provided in Section 4 on hereof upon the subsequent termination of the Executive’s 's employment with the Company during the Term of this Agreement and after a Change in Control unless such termination is as a result of (i) the Executive's death, (ii) the Executive's Disability, (iii) termination by the Company for Cause, or (iv) termination by the Executive voluntarily other than for Good Reason or by the Company without CauseReason. As used in this Agreement, as such terms are defined in Subsections (d) and (e) below. If the Executive’s employment with the Company is terminated for any of the following reasons, no benefits will be payable hereunderterms shall have the following meanings:

Appears in 4 contracts

Samples: Severance Compensation Agreement (Proteon Inc/Ma), Severance Compensation Agreement (Openroute Networks Inc), Severance Compensation Agreement (Proteon Inc/Ma)

Termination Following Change in Control. (a) If the Executive is employed with the Company as of the date of a Change in Control of the Company shall have occurred while the Executive is still an employee of the CompanyControl, the Executive shall be entitled to the compensation and benefits provided in Section 4 on the subsequent termination of 4(b) if the Executive’s employment with is subsequently terminated within the Term for reasons other than (i) the Executive’s death; (ii) the Executive’s Disability; (iii) termination by the Company for Cause; or (iv) termination by the Executive voluntarily for without Good Reason or by the Company without Cause, as such terms are defined in Subsections (d) and (e) below. If the Executive’s employment with the Company is terminated for any of the following reasons, no benefits will be payable hereunder:Reason.

Appears in 3 contracts

Samples: Key Employee Retention (Mimedx Group, Inc.), Key Employee Retention Agreement (Mimedx Group, Inc.), Key Employee Retention (Mimedx Group, Inc.)

Termination Following Change in Control. (a) If In the event that following a Change in Control of Control, Executive's employment is terminated by the Company during the Employment Term without Cause or terminated by the Executive for Good Reason, then the Company shall have occurred while make the Executive is still an employee of the Company, the Executive shall be entitled following payments to the compensation provided in Section 4 on the subsequent termination of the Executive’s employment with the Company by the Executive voluntarily for Good Reason or by the Company without Cause, as such terms are defined in Subsections (d) and (e) below. If the Executive’s employment with the Company is terminated for any of the following reasons, no benefits will be payable hereunder:

Appears in 3 contracts

Samples: Employment Agreement (Meadowbrook Insurance Group Inc), Employment Agreement (Meadowbrook Insurance Group Inc), Employment Agreement (Meadowbrook Insurance Group Inc)

Termination Following Change in Control. (a) If any of the events constituting a Change in Control of the Company shall have occurred while the Executive is still an employee of the Companyoccurred, the Executive shall be entitled to the compensation benefits provided in Section 4 on Subsection 4(c) below upon the subsequent termination of the Executive’s his employment with the Company by the Executive voluntarily for Good Reason or by the Company without Cause, as unless such terms are defined in Subsections (d) and (e) below. If the Executive’s employment with the Company is terminated for any of the following reasons, no benefits will be payable hereundertermination is:

Appears in 2 contracts

Samples: Form of Change in Control Agreement (Aurora Oil & Gas CORP), Form of Change in Control Agreement (Aurora Oil & Gas CORP)

Termination Following Change in Control. (a) If any of the events described in Section 1 hereof constituting a Change in Control of the Company shall have occurred while the Executive is still an employee of the Companyoccurred, the Executive shall be entitled to the compensation provided in Section 4 on benefits set forth herein upon any termination by the subsequent termination Company of the Executive’s 's employment with the Company by the Executive voluntarily and its subsidiaries within two years following a Change in Control for Good Reason or by the Company without Cause, as such terms are defined in Subsections (d) and (e) below. If the Executive’s employment with the Company is terminated for any reason except any of the following reasons, no benefits will be payable hereunderfollowing:

Appears in 2 contracts

Samples: Termination Benefits Agreement (McDonnell Douglas Corp), Termination Benefits Agreement (McDonnell Douglas Corp)

Termination Following Change in Control. (a) If a Change in Control shall have occurred, upon a termination of employment during the term of this Agreement by the Company shall have occurred while without Cause, or by the Executive is still an employee of the Companyfor Good Reason, the Executive shall be entitled to the compensation benefits provided in Section 4 on the subsequent termination of the Executive’s employment with the Company by the Executive voluntarily for Good Reason or by the Company without Cause, as such terms are defined in Subsections (d) and (e) below. If the Executive’s employment with the Company is terminated for any of the following reasons, no benefits will be payable hereunder:hereof.

Appears in 2 contracts

Samples: Change in Control Agreement (Usec Inc), Change in Control Agreement (Usec Inc)

Termination Following Change in Control. (a) If a Change in Control shall have occurred, upon a Termination of Employment during the term of this Agreement by the Company shall have occurred while without Cause, or by the Executive is still an employee of the Companyfor Good Reason, the Executive shall be entitled to the compensation benefits provided in Section 4 on the subsequent termination of the Executive’s employment with the Company by the Executive voluntarily for Good Reason or by the Company without Cause, as such terms are defined in Subsections (d) and (e) below. If the Executive’s employment with the Company is terminated for any of the following reasons, no benefits will be payable hereunder:hereof.

Appears in 2 contracts

Samples: Change in Control Agreement (Usec Inc), Change in Control Agreement (Usec Inc)

Termination Following Change in Control. (a) If a Change in Control of the Company shall have occurred while the Executive is still an employee of the Company, the Executive shall be entitled to the compensation provided in Section 4 on the subsequent termination of the Executive’s 's employment with the Company by the Executive voluntarily for Good Reason or by the Company without Cause, as such terms are defined in Subsections (d) and (e) below. If the Executive’s employment with the Company is terminated for any of the following reasons, no benefits will be payable hereunder:

Appears in 1 contract

Samples: Control Agreement (Unifi Inc)

Termination Following Change in Control. (a) If a Change in Control shall have occurred, in lieu of the payments and benefits Executive would otherwise have received pursuant to the Employment Agreement, upon a termination of employment during the term of this Agreement by the Company shall have occurred while the without Cause (as defined below), or by Executive is still an employee of the Companyfor Good Reason (as defined below), the Executive shall be entitled to the compensation benefits provided in Section 4 on the subsequent termination of the 4. Executive’s employment with the Company by the Executive voluntarily for Good Reason or by the Company without Cause's entitlements, as such terms are defined in Subsections (d) and (e) below. If the Executive’s employment with the Company is terminated for any of the if any, following reasons, no benefits will be payable hereunder:a

Appears in 1 contract

Samples: Change in Control Agreement (Trans World Airlines Inc /New/)

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Termination Following Change in Control. (a) If 3.1 Executive shall become entitled to receive the compensation provided for in Section 4 hereof if, and only if, a Change in Control of the Company shall have occurred while the Executive is still an employee of the Company, the Executive shall be entitled to the compensation provided in Section 4 on the subsequent and there subsequently occurs a termination of the Executive’s employment with the Company by the Executive voluntarily for Good Reason or by the Company without Cause, as such terms are defined in Subsections (d) and (e) below. If the Executive’s employment with the Company is terminated for any of the following reasons, no benefits will be payable hereunder's employment:

Appears in 1 contract

Samples: Severance Compensation Agreement (Collectors Universe Inc)

Termination Following Change in Control. (a) If a Change in Control of the Company as defined in Section XVII shall have occurred while the Executive is still an employee of the Company, the Executive shall be entitled to the compensation provided in Section 4 on V upon the subsequent termination of the Executive’s employment with the Company by the Executive voluntarily for Good Reason Company or by the Company without CauseExecutive, as unless such terms are defined in Subsections termination is a result of (di) and (e) below. If the Executive’s death; (ii) the Executive’s termination by the Company for cause (as more fully described in Section 6(1)); or (iii) the Executive’s decision to terminate his employment with the Company is terminated other than for any of the following reasons, no benefits will be payable hereunder:Good Reason as defined below.

Appears in 1 contract

Samples: Employment Agreement (Telzuit Medical Technologies, Inc.)

Termination Following Change in Control. (a) If If, after a Change in Control of the Company has occurred, the Company shall have occurred while terminate the Executive's employment other than because of his death or for Disability or Cause or if the Executive is still an employee of the Companyshall terminate his employment for Good Reason, the Executive shall be entitled to all of the compensation benefits and payments provided in Section 4 on the subsequent termination of the Executive’s employment with the Company by the Executive voluntarily for Good Reason or by the Company without Cause, as such terms are defined in Subsections (d) and (e) 5 below. If the Executive’s employment with the Company is terminated for any of the following reasons, no benefits will be payable hereunder:.

Appears in 1 contract

Samples: Employment Agreement (Oakwood Homes Corp)

Termination Following Change in Control. (a) If a Change in Control of the Company shall have occurred while the Executive is still an employee of the Company, the Executive shall be entitled to the compensation provided in Section 4 on hereof upon the subsequent termination of the Executive’s 's employment with the Company by the Executive voluntarily for Good Reason or by the Company without Cause, unless such termination is as such terms are defined in Subsections (d) and (e) below. If the Executive’s employment with the Company is terminated for any of the following reasons, no benefits will be payable hereundera result of:

Appears in 1 contract

Samples: Executive Severance Agreement (Trinity Industries Inc)

Termination Following Change in Control. (a) If a Change in Control of the Company as defined in Section 21 shall have occurred while the Executive is still an employee of the Company, the Executive shall be entitled to the compensation provided in Section 4 on 7 upon the subsequent termination of the Executive’s 's employment with the Company by the Executive voluntarily for Good Reason Company or by the Company without CauseExecutive, as unless such terms are defined in Subsections termination is a result of (di) and (e) below. If the Executive’s 's death; (ii) the Executive's termination by the Company for cause (as more fully described in Section 6(a)(1)); or (iii) the Executive's decision to terminate his employment with the Company is terminated other than for any of the following reasons, no benefits will be payable hereunder:Good Reason as defined below.

Appears in 1 contract

Samples: Employment Agreement (National Wireless Holdings Inc)

Termination Following Change in Control. (a) If 3.1 Executive shall become entitled to receive the compensation provided for in Section 4 hereof if, and only if, a Change in Control of the Company shall have occurred while the Executive is still an employee of the Company, the Executive shall be entitled to the compensation provided in Section 4 on the subsequent and there subsequently occurs a termination of the Executive’s employment with the Company by the Executive voluntarily for Good Reason or by the Company without Cause, as such terms are defined in Subsections (d) and (e) below. If the Executive’s employment with the Company is terminated for any of the following reasons, no benefits will be payable hereunder's --- employment:

Appears in 1 contract

Samples: Severance Compensation Agreement (Pacific Mercantile Bancorp)

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