Common use of Termination of Employment Following a Potential Change of Control Clause in Contracts

Termination of Employment Following a Potential Change of Control. Notwithstanding Section 1(a), if (i) the Executive's employment is terminated by the Company without Cause (as defined in Section 6(c)) or by the Executive with Good Reason (as defined in Section 6(d)) after the occurrence of a Potential Change of Control and prior to the occurrence of a Change of Control and (ii) a Change of Control occurs within one year of such termination, the Executive shall be deemed, solely for purposes of determining the Executive's rights under this Agreement, to have remained employed until the Effective Date and to have been terminated by the Company without Cause immediately after this Agreement becomes effective.

Appears in 7 contracts

Samples: Employment Continuation Agreement (Baker Michael Corp), Employment Continuation Agreement (Baker Michael Corp), Employment Continuation Agreement (Baker Michael Corp)

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Termination of Employment Following a Potential Change of Control. Notwithstanding Section 1(a), if (i) the Executive's employment is terminated by the Company or an Affiliate without Cause (as defined in Section 6(c)6[c]) or by the Executive with Good Reason (as defined in Section 6(d)6[d]) after the occurrence of a Potential Change of Control and prior to the occurrence of a Change of Control and (ii) a Change of Control that arises out of such Potential Change of Control occurs within one year 24 months of such termination, the Executive shall be deemed, solely for purposes of determining the Executive's rights under this Agreement, to have remained employed until the Effective Date and to have been terminated by the Company without Cause immediately after this Agreement becomes effective.

Appears in 4 contracts

Samples: Employment Continuation Agreement (Sylvan Inc), Employment Continuation Agreement (Sylvan Inc), Employment Continuation Agreement (Sylvan Inc)

Termination of Employment Following a Potential Change of Control. Notwithstanding Section 1(a), if (i) the Executive's ’s employment is terminated by the Company without Cause (as defined in Section 6(c)) or by the Executive with Good Reason (as defined in Section 6(d)2) after the occurrence of a Potential Change of Control and prior to the occurrence of a Change of Control and (ii) a Change of Control occurs within one year of such termination, the Executive shall be deemed, solely for purposes of determining the Executive's his rights under this Agreement, to have remained employed until the Effective Date date such Change of Control occurs and to have been terminated by the Company without Cause immediately after this Agreement becomes effective.

Appears in 4 contracts

Samples: Employment Protection Agreement (Landstar System Inc), Key Executive Employment Protection Agreement (Landstar System Inc), Employment Protection Agreement (Landstar System Inc)

Termination of Employment Following a Potential Change of Control. Notwithstanding Section 1(a), if (i) the Executive's employment is terminated by the Company without Without Cause (as defined in Section 6(c)) or by the Executive with Good Reason (as defined in Section 6(d)) after the occurrence of a Potential Change of Control and prior to the occurrence of a Change of Control and (ii) a Change of Control occurs within one year of such termination, the Executive shall be deemed, solely for purposes of determining the Executive's his rights under this Agreement, to have remained employed until the Effective Date date such Change of Control occurs and to have been terminated by the Company without Without Cause immediately after this Agreement becomes effective.

Appears in 3 contracts

Samples: Employment Continuation Agreement (Bwip Inc), Employment Continuation Agreement (Bwip Inc), Employment Continuation Agreement (New Jersey Resources Corp)

Termination of Employment Following a Potential Change of Control. Notwithstanding Section 1(a), if (i) the Executive's employment is terminated by the Company without Cause (as defined in Section 6(c)) or by the Executive with Good Reason (as defined in Section 6(d)) after the occurrence of a Potential Change of Control and prior to the occurrence of a Change of Control and (ii) a Change of Control occurs within one year six months of such termination, the Executive shall be deemed, solely for purposes of determining the Executive's rights under this Agreement, to have remained employed until the Effective Date and to have been terminated by the Company without Cause immediately after this Agreement becomes effective.

Appears in 3 contracts

Samples: Continuation Agreement, Employment Continuation Agreement (Crown American Realty Trust), Employment Continuation Agreement (Crown American Realty Trust)

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Termination of Employment Following a Potential Change of Control. Notwithstanding Section 1(a), if (i) the Executive's employment is terminated by the Company without Cause (as defined in Section 6(c)) or by the Executive with Good Reason (as defined in Section 6(d)below) after the occurrence of a Potential Change of Control and prior to the occurrence of a Change of Control and (ii) a Change of Control occurs within one year of such termination, the Executive shall be deemed, solely for purposes of determining the Executive's his rights under this Agreement, to have remained employed until the Effective Date date such Change of Control occurs and to have been terminated by the Company without Cause immediately after this Agreement becomes effective.

Appears in 2 contracts

Samples: Employment Protection Agreement (Uslife Corp), Employment Protection Agreement (Uslife Corp)

Termination of Employment Following a Potential Change of Control. Notwithstanding Section 1(a), if (i) the Executive's employment is terminated by the Company without Cause (as defined in Section 6(c)) or by the Executive with Good Reason (as defined in Section 6(d)) after the occurrence of a Potential Change of Control (as defined in Section 2(b)) and prior to the occurrence of a Change of Control and (ii) a other Change of Control occurs within one year of such termination, the Executive shall be deemed, solely for purposes of determining the Executive's his rights under this Agreement, to have remained employed until the Effective Date date such Change of Control occurs and to have been terminated by the Company without Cause immediately after this Agreement becomes effective.

Appears in 1 contract

Samples: Employment Protection Agreement (Uslife Corp)

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