Common use of Payment Upon Change in Control Clause in Contracts

Payment Upon Change in Control. In the event that the Company undergoes a Change of Control during the Employment Term or any Renewal Term, the Company will pay the Executive an amount that, after subtracting therefrom the federal and state income and payroll withholding taxes that would be assessed thereon, would be equal to three (3) times his then current Base Salary, regardless of whether the Executive remains employed by the Company.

Payment Upon Change in Control. In the event that the Company undergoes a Change of Control during the Employment Term or any Renewal Term, the Company will pay the Executive an amount that, after subtracting therefrom the federal and state income and payroll withholding taxes that would be assessed thereon, would be equal to three one (31) times his her then current Base Salary, regardless of whether the Executive remains employed by the Company.

Payment Upon Change in Control. In the event that the Company undergoes a Change of Control during the Employment Term or any Renewal Term, the Company will pay the Executive an amount that, after subtracting therefrom there from the federal and state income and payroll withholding taxes that would be assessed thereon, would be equal to three (3) times his then current Base Salary, regardless of whether the Executive remains employed by the Company.

Payment Upon Change in Control. In the event that the Company undergoes a Change of Control during the Employment Term or any Renewal Term, the Company will pay the Executive an amount that, after subtracting therefrom the federal and state income and payroll withholding taxes that would be assessed thereon, would be equal to three one (31) times his then current Base Salary, regardless of whether the Executive remains employed by the Company.