Change of Control Agreement. In the event that the --------------------------- Company's Board of Directors authorizes the Company to enter into "change of control" severance agreements with one or more of its officers, the Executive will be offered the opportunity to enter into such an agreement on terms and conditions no less favorable in any material respect than those offered to any other of the Company's officers.
Appears in 2 contracts
Sources: Employment Agreement (Trans World Airlines Inc /New/), Employment Agreement (Trans World Airlines Inc /New/)
Change of Control Agreement. In the event that the --------------------------- Company's Board of Directors authorizes the Company to enter into "change of control" severance agreements with one or more of its officers, the Executive will be offered the opportunity to enter into such an agreement on terms and conditions no less favorable in any material respect than those offered to any other of the Company's officersofficers serving at that time at the same level as the Executive.
Appears in 2 contracts
Sources: Employment Agreement (Trans World Airlines Inc /New/), Employment Agreement (Trans World Airlines Inc /New/)
Change of Control Agreement. In the event that the --------------------------- Company's --------------------------- Board of Directors authorizes the Company to enter into "change of control" severance agreements with one or more of its officers, the Executive will be offered the opportunity to enter into such an agreement on terms and conditions no less favorable in any material respect than those offered to any other of the Company's officersofficers serving at that time. The Company hereby represents that as of the date hereof no such agreements are currently in effect with respect to any officer nor does the Company's Board of Directors or any of its committees have before it in active consideration any such agreement.
Appears in 1 contract
Sources: Employment Agreement (Trans World Airlines Inc /New/)