CC Termination. The term “CC Termination” means any of the following that occur and for which the Executive notifies the Company that the Executive deems such action a CC Termination hereunder: (a) this Agreement expires in accordance with its terms; (b) this Agreement is not extended and the Executive resigns within one (1) year after such non-extension; (c) a required relocation more than 50 miles from the Executive’s then current place of employment; (c) a default by the Company under this Agreement; (d) the failure by the Company after a Change of Control to obtain the assumption of this Agreement, without limitation or reduction, by any successor to the Company or any parent corporation of the Company; or (e) after a Change of Control has occurred, the Executive agrees to remain employed by the Company for a period of three (3) months to assist in the transition and thereafter resigns.
Appears in 4 contracts
Sources: Executive Employment Agreement (Greenbelt Resources Corp), Executive Employment Agreement (Greenbelt Resources Corp), Executive Employment Agreement (Greenbelt Resources Corp)
CC Termination. The term “CC Termination” means any of the following that which occur and for which the Executive notifies the Company that the Executive deems such action a CC Termination hereunderunder this paragraph: (a) this Agreement expires in accordance with its terms; (b) this Agreement is not extended under paragraph 5 of this Agreement and the Executive resigns within one (1) year after such non-extension; (c) a required relocation more than 50 25 miles from the Executive’s then current place of employment; (c) a default by the Company under this Agreement; (d) the failure by the Company after a Change of Control to obtain the assumption of this Agreement, without limitation or reduction, by any successor to the Company or any parent corporation of the Company; or (e) after a Change of Control has occurred, the Executive agrees to remain employed by the Company for a period of three (3) months to assist in the transition and thereafter resigns.
Appears in 3 contracts
Sources: Employment Agreement (Chesapeake Energy Corp), Employment Agreement (Chesapeake Energy Corp), Employment Agreement (Chesapeake Energy Corp)
CC Termination. The term “"CC Termination” " means any of the following that which occur and for which the Executive notifies the Company that the Executive deems such action a CC Termination hereunderunder this paragraph: (a) this Agreement expires in accordance with its terms; (b) this Agreement is not extended under paragraph 5 of this Agreement and the Executive resigns within one (1) year after such non-extension; (c) a required relocation more than 50 25 miles from the Executive’s then current place of employment; (c) a default by the Company under this Agreement; (d) the failure by the Company after a Change of Control to obtain the assumption of this Agreement, without limitation or reduction, by any successor to the Company or any parent corporation of the Company; or (e) after a Change of Control has occurred, the Executive agrees to remain employed by the Company for a period of three (3) months to assist in the transition and thereafter resigns.
Appears in 2 contracts
Sources: Employment Agreement (Chesapeake Energy Corp), Employment Agreement (Chesapeake Energy Corp)