Common use of CIC Qualified Termination Clause in Contracts

CIC Qualified Termination. If the Executive is subject to a CIC Qualified Termination, the Executive will be eligible to receive the following payments and benefits from the Company: (i) Salary Severance. A lump-sum payment equal to 100% of the Executive’s Base Salary.

Appears in 1 contract

Sources: Employment Agreement

CIC Qualified Termination. If the Executive is subject to On a CIC Qualified Termination, the Executive will be eligible to receive the following payments payment and benefits from the Company: (i) Salary Severance. A lump-sum payment equal to 100% [[100%][50%]] of the Executive’s Base Salary.

Appears in 1 contract

Sources: Change in Control and Severance Agreement