Common use of Compensation Upon Change in Control Clause in Contracts

Compensation Upon Change in Control. If a Change in Control occurs, the Company will pay the Executive a bonus of $125,000 six months after the closing of the transaction constituting a Change in Control occurs, subject to fulfillment of all the conditions described in Section 4.

Appears in 2 contracts

Sources: Change in Control Agreement (Rottlund Co Inc), Change in Control Agreement (Rottlund Co Inc)

Compensation Upon Change in Control. If a Change in Control occurs, the Company will pay the Executive a bonus of $125,000 150,000 six months after the closing of the transaction constituting a Change in Control occurs, subject to fulfillment of all the conditions described in Section 4.

Appears in 1 contract

Sources: Change in Control Agreement (Rottlund Co Inc)