Termination in Connection with a Sample Clauses

Termination in Connection with a. Change in Control". In the event Executive's employment with the Company or its successor is terminated, either actually or "Constructively", by the Company or its successor (exclusive of termination for "Justifiable Cause") as a result of, in connection with or within 12 months after a "Change in Control", the Company or its successor shall pay to Executive severance pay, as liquidated damages and not as penalty, (i) an amount in cash equal to 6 months base salary of Executive (excluding any bonus) at the greater of the rate payable at the date of the "Change in Control" or the rate payable at the date of said termination ("Date of Termination"), which amount shall be accelerated and immediately due upon any such termination; and (ii) any bonus awarded by the Board of Directors of the Company on or prior to the Date of Termination and not yet paid to Executive.
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Termination in Connection with a. Change in Control". In the event Executive's employment with the Company or its successor is terminated, either actually or "Constructively", by the Company or its successor (exclusive of termination for "Justifiable Cause") as a result of, in connection with or within 12 months after a "Change in Control"; or in the event that Executive's employment terminates due to Executive's resignation as a result of, in connection with or within 12 months after a "Change in Control" in which Centocor, Inc. or any affiliate of Centocor, Inc. is the "Acquiring Person", the Company or its successor shall pay to Executive severance pay, as liquidated damages and not as penalty, (i) an amount in cash equal to 24 months base salary of Executive (excluding any bonus) at the greater of the rate payable at the date of the "Change in Control" or the rate payable at the date of said termination ("Date of Termination"), which amount shall be accelerated and immediately due upon any such termination; and (ii) any bonus awarded by the Board of Directors of the Company on or prior to the Date of Termination and not yet paid to Executive.
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Related to Termination in Connection with a

  • Termination in Connection with Change of Control If Executive’s employment is terminated by the Company without Cause or by Executive for Good Reason within sixty (60) days prior to or twelve (12) months following a Change of Control, Executive shall be entitled to receive, in lieu of any severance benefits to which Executive may otherwise be entitled under any severance plan or program of the Company, the benefits provided below:

  • Termination in Connection with a Change of Control If the Executive’s employment is terminated by the Company other than for Cause or by the Executive for Good Reason during the Effective Period, then the Executive shall be entitled to receive the following from the Company:

  • Termination in Connection with Change in Control a. This Agreement terminates if it is not assumed by the successor corporation (or affiliate thereto) upon a Change in Control (as defined below).

  • Termination in Connection with a Change in Control a. For purposes of this Agreement, a “

  • In Connection with a Change of Control For purposes of this Agreement, a termination of Executive’s employment with the Company is “in Connection with a Change of Control” if Executive’s employment is terminated within twelve (12) months following a Change of Control.

  • In Connection With a Change in Control If the Company (or its successor) terminates the Executive’s employment without Cause or the Executive terminates his employment for Good Reason within the period commencing three (3) months immediately prior to a Change in Control of the Company and ending eighteen (18) months immediately following a Change in Control of the Company (as defined in Section 4.5.4 of this Agreement), the Executive shall receive the Accrued Amounts subject to standard deductions and withholdings, to be paid as a lump sum no later than thirty (30) days after the date of termination. In addition, subject to the limitations stated in this Agreement and upon the Executive’s furnishing to the Company (or its successor) an executed Release within the applicable time period set forth therein, but in no event later than forty-five days following termination of employment and permitting such Release to become effective in accordance with its terms, and subject to Executive entering into no later than the Release Effective Date a non-competition agreement to be effective during the Severance Period, substantially similar to Section 2.3, and continuing to abide by its terms during the Severance Period, then in lieu of (and not additional to) the benefits provided pursuant to Section 4.4.3(i) above, the Executive shall be entitled to:

  • Involuntary Termination in Connection with a Change in Control Notwithstanding anything contained herein, in the event of an Involuntary Termination prior to a Change in Control, if the Involuntary Termination (1) was at the request of a third party who has taken steps reasonably calculated to effect such Change in Control or (2) otherwise arose in connection with or in anticipation of such Change in Control, then the Executive shall, in lieu of the payments described in Section 4 hereof, be entitled to the Post-Change in Control Severance Payment and the additional benefits described in this Section 5 as if such Involuntary Termination had occurred within two (2) years following the Change in Control. The amounts specified in Section 5 that are to be paid under this Section 5(h) shall be reduced by any amount previously paid under Section 4. The amounts to be paid under this Section 5(h) shall be paid within sixty (60) days after the Change in Control Date of such Change in Control.

  • Termination With Cause The Master Servicer may, at its sole option, terminate any rights the Primary Servicer may have hereunder with respect to any or all of the Mortgage Loans, as provided in Section 4.01 of this Agreement upon the occurrence of a Primary Servicer Termination Event. Any notice of termination shall be in writing and delivered to the Primary Servicer as provided in Section 6.05 of this Agreement.

  • Termination with Notice Either the Contractor or the Company may terminate this Agreement by providing at least thirty (30) days prior written notice to the other party.

  • Termination in General If Executive’s employment with the Company terminates for any reason, the Company will pay or provide to Executive: (i) any unpaid Salary through the date of employment termination, (ii) any unpaid Annual Bonus for the fiscal year prior to the fiscal year in which the termination occurs (payable at the time the bonuses are paid to employees generally), (iii) any accrued but unused vacation or paid time off in accordance with the Company’s policy, (iv) reimbursement for any unreimbursed business expenses incurred through the termination date, to the extent reimbursable in accordance with Section 3, and (v) all other payments or benefits (if any) to which Executive is entitled under the terms of any benefit plan or arrangement.

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