Common use of Change of Control Severance Clause in Contracts

Change of Control Severance. In the event that within twelve (12) months following a Change of Control either: (A) the Executive’s employment with the Company is terminated by the Company without Cause (as defined above) or (B) a condition arises that triggers the Executive’s right to give notice of resignation for Good Reason (as defined above), and the Executive actually terminates his employment for Good Reason, within the applicable time periods thereafter as provided under Section 4.3, in either case subject to fulfillment of the Release and Waiver requirements of Section 4.2, the Company shall provide the Executive with the following severance benefits:

Appears in 2 contracts

Samples: Employment Agreement (Pure Bioscience, Inc.), Employment Agreement (Pure Bioscience, Inc.)

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Change of Control Severance. In the event that within twelve (12) months following a Change of Control either: (A) the Executive’s employment with the Company is terminated by the Company without Cause (as defined above) in Section 4.3), or (B) a condition arises that triggers the Executive’s right to give notice of resignation for Good Reason (as defined abovein Section 4.3), and the Executive actually terminates his employment for Good ReasonReason , within the applicable time periods thereafter as provided under Section 4.3, in either case subject to fulfillment of the Release and Waiver requirements of Section 4.2, the Company shall provide the Executive with the following severance benefits:

Appears in 2 contracts

Samples: Employment Agreement (Pure Bioscience), Employment Agreement (Pure Bioscience, Inc.)

Change of Control Severance. In the event that within twelve (12) months following a Change of Control either: (A) the Executive’s employment with the Company is terminated by the Company without Cause (as defined above) in Section 4.3), or (B) a condition arises that triggers the Executive’s right to give notice of resignation for Good Reason (as defined abovein Section 4.3), and the Executive actually terminates his her employment for Good ReasonReason , within the applicable time periods thereafter as provided under Section 4.3, in either case subject to fulfillment of the Release and Waiver requirements of Section 4.2, the Company shall provide the Executive with the following severance benefits:

Appears in 1 contract

Samples: Employment Agreement (Pure Bioscience)

Change of Control Severance. In the event that within twelve (12) months following a Change of Control either: (A) the Executive’s employment with the Company is terminated by the Company without Cause (as defined above) in Section 4.3), or (B) a condition arises that triggers the Executive’s right to give notice of resignation for Good Reason (as defined abovein Section 4.3), and the Executive actually terminates his employment for Good Reason, within the applicable time periods thereafter as provided under Section 4.3, in either case subject to fulfillment of the Release and Waiver requirements of Section 4.2, the Company shall provide the Executive with the following severance benefits:

Appears in 1 contract

Samples: Employment Agreement (Pure Bioscience, Inc.)

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Change of Control Severance. In the event that within twelve (12) months following a Change of Control either: (A) the Executive’s employment with the Company is terminated by the Company without Cause (as defined above) in Section 4.3), or (B) a condition arises that triggers the Executive’s right to give notice of resignation for Good Reason (as defined abovein Section 4.3), and the Executive actually terminates his employment for Good Reason, Reason within the applicable time periods thereafter as provided under Section 4.3, in either case subject to fulfillment of the Release and Waiver requirements of Section 4.2, the Company shall provide the Executive with the following severance benefits:

Appears in 1 contract

Samples: Employment Agreement (Pure Bioscience)

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