Compensation Upon Change in Control. In the event of a Change in Control of the Company that results in: (i) Executive’s termination without Cause, or (ii) Executive’s resignation for “Good Reason,” which for purposes of this Agreement shall mean either (a) a material diminution in Executive’s duties, title or compensation, or (b) a requirement that Executive relocate more than fifty (50) miles from the Company’s Home Office location, any of which event occurs within one (1) year of the change in control (a “Triggering Event”), Executive will receive the following benefits within fourteen (14) days after receipt by the Company of a general release duly signed by the Executive that releases the Company from all of the Executive’s actual or potential claims against InterMune:
Appears in 7 contracts
Samples: Severance Pay and Change in Control (Intermune Inc), Severance Pay and Change in Control (Intermune Inc), Severance Pay and Change in Control (Intermune Inc)
