Examples of Change of Control Agreement in a sentence
This Agreement, along with the Change of Control Agreement, the Employee Inventions and Proprietary Rights Assignment Agreement, and Executive’s written equity compensation agreements with the Company, represents the entire agreement and understanding between the Company and Executive concerning Executive’s separation from the Company.
The Change of Control Agreement dated as of May 25, 2011 (the “Change of Control Agreement”) is expressly superseded and cancelled by this Agreement and the terms of this Agreement shall apply during the Transition Term.
Notwithstanding anything herein to the contrary, if the Hologic Change of Control Agreement results in the payment of benefits to the Executive as the result of a change in control (as defined therein), then the Executive shall receive no compensation hereunder other than accrued salary and bonus and the Retention Payment and Restricted Stock Units, subject to the terms and conditions herein.
For purposes of this Agreement, “Bonus Amount” shall mean the average of the annual bonuses (excluding any Retention Bonus paid pursuant to this Agreement or Change of Control payments paid under a change of control agreement including the Cytyc Change of Control Agreement (as defined below) paid or payable during the three full fiscal years ended prior to the Termination Date.
The Change of Control Agreement, as amended, entered into by and between Cytyc and Executive with an effective date of July 23, 2003 attached hereto as Exhibit C (the “Cytyc Change of Control Agreement”) shall remain in full force and effect in accordance with its original terms, other than payment of the Change of Control payment provided for under Section 2(a)(i)(B) therein, which shall be paid to Executive by Cytyc immediately prior to and subject to the consummation of the Merger.