Payment and Other Provisions After Change of Control a. SALARY,
Payment and Other Provisions After Change of Control a. SALARY, PERFORMANCE AWARD, AND BONUS PAYMENTS. In the event Employee’s employment with the Company is terminated within one (1) year following the occurrence of a Change of Control (other than as a consequence of his death or Disability (as defined below), or of his normal retirement under the Company’s retirement plans and practices) either (i) by the Company for any reason other than Cause or (ii) by Employee for Good Reason, Employee shall be entitled to receive from the Company, the following:
Payment and Other Provisions After Change of Control. (a) In the event the Executive’s employment with the Company is terminated either by the Company or by the Executive (other than because of the Executive’s death or Disability) following the occurrence of a Change of Control, and such termination is without Cause if by the Company, or for Good Reason if by Executive, and the date of such termination is within one (1) year following the occurrence of such Change of Control, then the Executive shall be entitled to receive from the Company, in lieu of the severance payment otherwise payable pursuant to Section 12 hereof, salary, expense reimbursement, and pay for unused paid time off through the termination date and, in addition, the following:
Payment and Other Provisions After Change of Control. (a) In the event Executive's employment with the Company is terminated within one year following the occurance of a Change of Control (other than as a consequence of death or disability) either (x) by the Company for any reason other than for Cause, or (y) by Executive for Good Reason, then Executive shall be entitled to receive from the Company, in lieu of the severance payment otherwise payable pursuant to Section 9(a), the following:
Payment and Other Provisions After Change of Control a. SALARY, PERFORMANCE AWARD, AND BONUS PAYMENTS. Notwithstanding anything to the contrary in the Stock Incentive Plan or form of agreement thereunder, effective immediately prior to a Change of Control (as defined below), all stock options held by Employee as of the date of a Change in Control shall immediately vest and become exercisable in full. In the event that Employee is terminated following a Change in Control, all stock options held by Employee which are vested as of the date of such termination shall remain exercisable for a period of six (6) months following such termination.
Payment and Other Provisions After Change of Control a. In the event of a Change of Control, notwithstanding the vesting period provided for in the Company’s Stock Option Plan, and any related stock option agreements between the Company and the Executive for stock options granted Executive by the Company, all options that are outstanding as of the occurrence of a Change of Control shall be fully vested and exercisable upon such Change of Control.
Payment and Other Provisions After Change of Control. (a) In the event the Executive's employment with the Company is terminated either by the Company or by the Executive (other than because of the Executive's death or Disability) following the occurrence of a Change of Control (regardless of whether such termination is for Good Reason or for Cause or otherwise) and the date of such termination is (i) prior to January 1, 2010 and within one year following the occurrence of such Change of Control or (ii) prior to the date upon which all of the New Options are fully vested and exerciseable and all the Restricted Shares are fully vested, then the Executive shall be entitled to receive from the Company, in lieu of the severance payment otherwise payable pursuant to Section 12 hereof, salary, expense reimbursement, and pay for unused vacation time through the termination date and, in addition, the following:
Payment and Other Provisions After Change of Control. (a) SALARY, PERFORMANCE AWARD, AND BONUS PAYMENTS. In the event Employee's employment with the Company is terminated within one year following the occurrence of a Change of Control (other than as a consequence of his death or disability) either (i) by the Company for any reason whatsoever or (ii) by Employee with Good Reason as provided in Paragraph 6, then all benefits under Paragraphs 7(b)(i), (ii), (iii) and (iv) shall be extended to Employee as described in such Paragraphs except that all options and rights shall be immediately exercisable.
Payment and Other Provisions After Change of Control. (a) In the event Employee's employment with the Employer is terminated following the occurrence of a Change of Control (other than as a consequence of death or disability) either (x) by the Employer for any reason other than for Cause, or (y) by Employee for Good Reason, then Employee shall be entitled to receive from the Employer, in lieu of the severance payment otherwise payable pursuant to Section 12, the following:
Payment and Other Provisions After Change of Control. (a) If, within one (1) year following the occurrence of a Change of Control (as defined below) the Executive’s employment with the Company is terminated either by the Company or by the Executive (other than because of the Executive’s death or Disability), and such termination is without Cause if by the Company, or for Good Reason if by Executive, or if upon the expiration of any Employment Period the Company shall fail to offer to renew or extend the Employment Period (other than if the Executive shall then have reached the Company’s mandatory retirement age), then the Executive shall be entitled to receive from the Company Executive’s Accrued Salary and Benefits and, in lieu of the Severance Package otherwise payable pursuant to Section 11 hereof, Executive will receive the following (provided Executive complies with the Severance Requirements described in Section 11(a) above):
