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.