Executive Protection Agreement_Change in Control_Extended Version

About this template:

Use this Executive Protection Agreement to provide protection for your company Executives in case of any change in control of the company. You may also find other compensation and benefits related document templates to use here https://www.templateguru.co.za/documents/compensation-benefits/ and other Human Resources templates here https://www.templateguru.co.za/templates/finance-accounting/

Excerpt:

In the event that a Change of Control of the Company occurs (as such term is hereinafter defined) during the Initial Term or any Successive Period upon the effective date of such Change of Control the term of this agreement shall automatically and irrevocably be renewed for a period of [NUMBER] full calendar months from the effective date of such Change of Control. This agreement shall thereafter automatically terminate following the [NUMBER] month Change-of-Control renewal period. Further this agreement shall be assigned to and shall be assumed by the purchaser in such Change of Control as further provided herein in paragraph [SPECIFY] of the section titled Agreements.

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