Change of control clauses | Practical Law

Change of control clauses | Practical Law

A number of alternative clauses for an employment contract to provide that, where there is a change of control of the employing company, the employee will be entitled to enhanced notice or a lump sum payment on termination in certain circumstances. They may be used, for example, inStandard documents, Director's service agreement(which already includes them as optional clauses) or Employment contract for a senior employee. They may also be adapted for use in other agreements.

Change of control clauses

Practical Law UK Standard Clause 8-203-1642 (Approx. 11 pages)

Change of control clauses

by Practical Law Employment (based on illustrative wording produced by Mayer Brown International LLP)
Maintained, England, Wales
A number of alternative clauses for an employment contract to provide that, where there is a change of control of the employing company, the employee will be entitled to enhanced notice or a lump sum payment on termination in certain circumstances. They may be used, for example, in Standard documents, Director's service agreement (which already includes them as optional clauses) or Employment contract for a senior employee. They may also be adapted for use in other agreements.