Common use of Resignation following a Change of Control Clause in Contracts

Resignation following a Change of Control. If the Executive elects to terminate her employment following the first Change of Control to occur during the Contract Term (pursuant to Section 5.1(g)), the Company shall pay the Executive an amount equal to one hundred percent (100%) of the sum of (x) her Annual Base Salary and (y) her Average Annual Bonus (as defined above). Such amount shall be paid in equal consecutive installments, in accordance with the Company’s regular pay schedule and subject to Section 10.2(d), over a twelve (12) month period beginning on the effective date of the termination of Executive’s employment and, in any event, the first installment shall be paid on or prior to the Cessation Date.

Resignation following a Change of Control. If the Executive elects to terminate her his employment following the first Change of Control to occur during the Contract Term (pursuant to Section 5.1(g)), the Company shall pay the Executive an amount equal to one hundred percent (100%) of the sum of (x) her his Annual Base Salary and (y) her his Average Annual Bonus (as defined above)Cash Bonus. Such amount shall be paid in equal consecutive installments, in accordance with the Company’s 's regular pay schedule and subject to Section 10.2(d), over a twelve (12) month period beginning on the effective date of the termination of the Executive’s 's employment and, in any event, the first installment shall be paid on or prior to the Cessation Date.

Resignation following a Change of Control. If the Executive elects to terminate her his employment following the first Change of Control to occur during the Contract Term (pursuant to Section 5.1(g)), the Company shall pay the Executive an amount equal to one hundred percent (100%) of the sum of (x) her his Annual Base Salary and (y) her his Average Annual Bonus (as defined above)Cash Bonus. Such amount shall be paid in equal consecutive installments, in accordance with the Company’s regular pay schedule and subject to Section 10.2(d), over a twelve (12) month period beginning on the effective date of the termination of the Executive’s employment and, in any event, the first installment shall be paid on or prior to the Cessation Date.

Resignation following a Change of Control. If the Executive elects to terminate her employment following the first Change of Control to occur during the Contract Term (pursuant to Section 5.1(g)), the Company shall pay the Executive an amount equal to one hundred percent (100%) of the sum of (x) her Annual Base Salary and (y) her Average Annual Bonus (as defined above). Such amount shall be paid in equal consecutive installments, in accordance with the Company’s 's regular pay schedule and subject to Section 10.2(d), over a twelve (12) month period beginning on the effective date of the termination of Executive’s 's employment and, in any event, the first installment shall be paid on or prior to the Cessation Date.

Resignation following a Change of Control. If the Executive elects to terminate her his employment following the first Change of Control to occur during the Contract Term (pursuant to Section 5.1(g)), the Company shall pay the Executive an amount equal to one hundred percent (100%) of the sum of (x) her his Annual Base Salary and (y) her his Average Annual Bonus (as defined above). Such amount shall be paid in equal consecutive installments, in accordance with the Company’s 's regular pay schedule and subject to Section 10.2(d), over a twelve (12) month period beginning on the effective date of the termination of Executive’s 's employment and, in any event, the first installment shall be paid on or prior to the Cessation Date.