Termination following a Change of Control definition

Termination following a Change of Control means a Termination of Employment upon or within two years after a Change of Control either:
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Termination following a Change of Control means a Termination of Employment within two years after a Change of Control either:
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Termination following a Change of Control means a Termination of the Employee without Cause by the Company in connection with or within two years following a Change of Control or a termination by the Employee for Good Reason of the Employee's employment with the Company within two years following a Change of Control.
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Examples of Termination following a Change of Control in a sentence

  • No delay or omission by the Employee in exercising any right, remedy or power hereunder or existing at law or in equity shall be construed as a waiver thereof, including, without limitation, any delay by the Employee in delivering a Notice of Termination pursuant to Section 2 hereof after an event has occurred which would, if the Employee had resigned, have constituted a Termination following a Change of Control pursuant to Section 1(l)(ii) of this Agreement.

  • No delay or omission by Employee in exercising any right, remedy or power hereunder or existing at law or in equity shall be construed as a waiver thereof, including, without limitation, any delay by Employee in delivering a Notice of Termination pursuant to Section 2 hereof after an event has occurred which would, if Employee had resigned, have constituted a Termination following a Change of Control pursuant to Section 1 of this Agreement.

  • Any Termination following a Change of Control shall be communicated by a Notice of Termination to the other party hereto given in accordance with Section 14 hereof.

  • Any Termination following a Change of Control --------------------- shall be communicated by a Notice of Termination to the other party hereto given in accordance with Section 10 hereof.

  • The foregoing protections on a Qualifying Termination following a Change of Control shall only apply to any equity awards granted prior to the Change of Control and assumed or substituted in the Change of Control and shall not apply to any equity awards granted to Executive in connection with or following the Change of Control.


More Definitions of Termination following a Change of Control

Termination following a Change of Control means a Termination of Employment during a Change of Control Period either (i) initiated by the Company for any reason other than Disability or Cause, or (ii) initiated by Executive for Good Reason.
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Termination following a Change of Control means a Termination of Employment within two years after a Change of Control either: (i) initiated by the Company for any reason other than (a) the Employee's continuous illness, injury or incapacity for a period of twelve consecutive months or (b) for "cause", which shall mean misappropriation of funds, habitual insobriety, substance abuse, conviction of a crime involving moral turpitude, or gross negligence in the performance of duties, which gross negligence has had a material adverse effect on the business, operations, assets, properties or financial condition of the Company and its Subsidiaries taken as a whole; or (ii) initiated by the Employee upon the occurrence of one or more of the following: (A) any failure of the Company to comply with and satisfy any of the conditions of this Agreement; (B) any change resulting in a significant reduction by the Company of the authority, duties or responsibilities of the Employee; (C) any removal by the Company of the Employee from the employment grade, compensation level or officer positions which the Employee holds as of the effective date hereof, except in connection with promotions to a higher office; (D) the requirement that the Employee undertake business travel (or commuting in excess of fifty miles each way) to an extent substantially greater than is reasonable and customary for the position the Employee holds.
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Termination following a Change of Control means a Termination of Employment within two years after a Change of Control either: (i) initiated by the Company for any reason other than (x) the Employee's continuous illness, injury or incapacity for a period of six consecutive months or (y) for "Cause;" or (ii) initiated by the Employee upon one or more of the following occurrences: (A) any failure of the Company to comply with and satisfy any of the terms of this Agreement; (B) any significant reduction by the Company of the authority, duties or responsibilities of the Employee; (C) any removal by the Company of the Employee from the employment grade, compensation level or officer positions which the Employee holds as of the effective date hereof except in connection with promotions to higher office;
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Termination following a Change of Control means a Termination of Employment within two years after a Change of Control either: (i) initiated by the Company for any reason other than (a) Executive's continuous illness, injury or incapacity for a period of twelve consecutive months or (b) for "cause," as defined in Section 5.3 hereof; or (ii) initiated by Executive upon one or more of the following occurrences: (1) any failure of the Company to comply with and satisfy any of the terms of this Agreement; (2) any change resulting in a reduction by the Company of the authority, duties or responsibilities of Executive; (3) any reduction by the Company of Executive's compensation level or removal from the officer positions which Executive holds as of the Effective Date hereof except in connection with promotions to higher office; (4) the requirement that Executive undertake business travel (or commuting in excess of fifty miles each way) to an extent substantially greater than is reasonable and customary for the position Executive holds; or (5) after six months following the Change of Control only, Executive determines, in his sole discretion, that circumstances have so changed with respect to the Company that he no longer wishes to continue in employment.
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Termination following a Change of Control means a Termination of Employment within two years after a Change of Control either: (i) initiated by the Company for any reason other than (x) the Employee's continuous illness, injury or incapacity for a period of six consecutive months or (y) for "Cause;" or (ii) initiated by the Employee upon one or more of the following occurrences: (A) any failure of the Company to comply with and satisfy any of the terms of this Agreement;
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Termination following a Change of Control means failure of any successor/surviving company to adopt this Agreement.
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Termination following a Change of Control means a Termination of Employment within six months prior to or two years after a Change of Control either: (i) initiated by the Company for any reason other than (x) the Employee's continuous illness, injury or incapacity for a period of six consecutive months or (y) for "Cause;" or (ii) initiated by the Employee upon one or more of the following occurrences: (A) any failure of the Company to comply with and satisfy any of the terms of this Agreement; (B) any significant reduction by the Company of the authority, duties or responsibilities of the Employee; provided, however in the case of a "management buy-out" any alteration in the Employee's position that results from the fact that the Company is no longer a publicly traded company shall not be ignored; (C) any removal by the Company of the Employee from the employment grade, compensation level or officer positions which the Employee holds as of the effective date hereof except in connection with promotions to higher office;
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