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ALL » Topics » 1.5 Agreement Date - see the introductory paragraph of this Agreement.

These excerpts taken from the ALL 10-K filed Feb 27, 2008.

1.5             “Agreement Date”  — see the introductory paragraph of this Agreement.

1.6             “Agreement Term” means the period commencing on the Agreement Date and ending on the third anniversary of the Agreement Date or, if later, such later date to which the Agreement Term is extended pursuant to the following sentence.  Commencing on the second anniversary of the Agreement Date, the Agreement Term shall automatically be extended each day by one day to create a new one-year term until, at any time after the second anniversary of the Agreement Date, the Company delivers written notice (an “Expiration Notice”) to Executive that the Agreement shall expire on a date specified in the Expiration Notice (the “Expiration Date”) that is not less than 12 months after the date the Expiration Notice is delivered to Executive; provided, however, that if an Effective Date or an Imminent Control Change Date occurs before the Expiration Date specified in the Expiration Notice, then such Expiration Notice shall be void and of no further effect.  “Imminent Control Change Date” means (i) any date on which a proposal or offer for a Change of Control is presented to Allstate’s stockholders generally or to any of Allstate’s directors or executive officers or is publicly announced (whether by advertisement, press release, press interview, public statement, SEC filing or otherwise) or (ii) any subsequent date as of which such proposal or offer for a Change of Control remains effective and has not expired or been revoked.

1.5             “Agreement Date”  — see the introductory paragraph of this
Agreement.



1.6             “Agreement Term” means the
period commencing on the Agreement Date and ending on the third anniversary of
the Agreement Date or, if later, such later date to which the Agreement Term is
extended pursuant to the following sentence. 
Commencing on the second anniversary of the Agreement Date, the
Agreement Term shall automatically be extended each day by one day to create a
new one-year term until, at any time after the second anniversary of the
Agreement Date, the Company delivers written notice (an “Expiration Notice”)
to Executive that the Agreement shall expire on a date specified in the
Expiration Notice (the “Expiration Date”) that is not less than 12
months after the date the Expiration Notice is delivered to Executive; provided,
however, that if an Effective Date or an Imminent Control Change Date occurs
before the Expiration Date specified in the Expiration Notice, then such
Expiration Notice shall be void and of no further effect.  “Imminent Control Change Date” means
(i) any date on which a proposal or offer for a Change of Control is presented
to Allstate’s stockholders generally or to any of Allstate’s directors or
executive officers or is publicly announced (whether by advertisement, press
release, press interview, public statement, SEC filing or otherwise) or
(ii) any subsequent date as of which such proposal or offer for a Change
of Control remains effective and has not expired or been revoked.



EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 27, 2008

RELATED TOPICS for ALL:

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