Common use of Change in Control Compensation Clause in Contracts

Change in Control Compensation. Subject to the provisions of this Agreement, including without limitation Section 6(g), Employee shall be entitled to the compensation provided in the Severance Compensation Agreement pursuant to the terms stated in such agreement; provided, however, that any compensation payable under the Severance Compensation Agreement shall be reduced dollar for dollar by the amount of any Transition Bonus paid prior to the date of any payment under the Severance Compensation Agreement.

Appears in 3 contracts

Samples: Stock Option Agreement (Transaction Systems Architects Inc), Stock Option Agreement (Transaction Systems Architects Inc), Stock Option Agreement (Transaction Systems Architects Inc)

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Change in Control Compensation. Subject to the provisions of this Agreement, including without limitation Section 6(g), Employee shall be entitled to the compensation provided in the Severance Compensation Agreement pursuant to the terms stated in such agreement; provided, however, that any compensation payable under the Severance Compensation Agreement shall be reduced dollar for dollar by the amount of any Transition Bonus paid prior to the date of any payment under the Severance Compensation Agreement.

Appears in 1 contract

Samples: Stock Option Agreement (Transaction Systems Architects Inc)

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