Imminent Control Change Period. Except as provided below, this Section 3.4 shall not apply during any Imminent Control Change Period. Instead, the terms of Section 6.3 of the Employment Agreement (Termination Without Cause or for Good Reason) shall govern a termination by Executive for Good Reason during an Imminent Control Change Period. However, in the case of an Imminent Control Change Period that culminates in a Consummation Date, no termination of Executive's employment during such Imminent Control Change Period shall be deemed to have been for Good Reason unless all the substantive and procedural provisions of this Section 3.4(b) shall have been satisfied:
Appears in 1 contract
Sources: Employment Agreement (Principal Financial Group Inc)
Imminent Control Change Period. Except as provided below, this Section 3.4 3.3 shall not apply during any Imminent Control Change Period. Instead, the terms of Section 6.3 6.1 of the Employment Agreement (Termination Without Cause or for Good Reason) shall govern a termination by of Executive for Good Reason Cause during an Imminent Control Change Period. However, in the case of an Imminent Control Change Period that culminates in a Consummation Date, no termination of Executive's employment during such Imminent Control Change Period shall be deemed to have been for Good Reason Cause unless all the substantive and procedural provisions of this Section 3.4(b3.3(b) shall have been satisfied:
Appears in 1 contract
Sources: Employment Agreement (Principal Financial Group Inc)