Common use of Special Rule on Change of Control Clause in Contracts

Special Rule on Change of Control. In the event that a termination of employment subject to this Section 4.5 shall occur within the two months preceding or the 18 months following a Change of Control, (i) the Severance Computation Period in Section 4.5(a)(i) shall be 36 months, (ii) the Executive shall be entitled an additional payment in an amount equal to nine (9) times the amount of a single installment payment under 4.5(a)(i), which payment shall be paid in nine (9) equal monthly installment payments beginning with the first month after the last installment payment in 4.5(a)(i) is payable (each such installment shall be treated as a separate payment for purposes of Section 409A), (iii) the Multiplier in Section 4.5(a)(iii) shall be 2, and (iv) the Executive shall receive the Continued Benefits for an additional nine (9) months beginning immediately after the Continued Benefits provided under Section 4.5(b)(i).

Special Rule on Change of Control. In the event that a termination of employment subject to this Section 4.5 shall occur within the two months preceding or the 18 months following a Change of Control, (i) the Severance Computation Period in Section 4.5(a)(i) shall be 36 months, (ii) the Executive shall be entitled an additional payment in an amount equal to nine (9) six times the amount of a single installment payment under 4.5(a)(i), which payment shall be paid in nine (9) six equal monthly installment payments beginning with the first month after the last installment payment in 4.5(a)(i) is payable (each such installment shall be treated as a separate payment for purposes of Section 409A), (iii) the Multiplier in Section 4.5(a)(iii) shall be 21.5, and (iv) the Executive shall receive the Continued Benefits for an additional nine (9) six months beginning immediately after the Continued Benefits provided under Section 4.5(b)(i).

Special Rule on Change of Control. In the event that a termination of employment subject to this Section 4.5 shall occur within the two months preceding or the 18 months following a Change of Control, (i) the Severance Computation Period in Section 4.5(a)(i) shall be 36 months, (ii) the Executive shall be entitled an additional payment in an amount equal to nine twelve (912) times the amount of a single installment payment under 4.5(a)(i), which payment shall be paid in nine twelve (912) equal monthly installment payments beginning with the first month after the last installment payment in 4.5(a)(i) is payable (each such installment shall be treated as a separate payment for purposes of Section 409A), (iii) the Multiplier in Section 4.5(a)(iii) shall be 2, and (iv) the Executive shall receive the Continued Benefits for an additional nine twelve (912) months beginning immediately after the Continued Benefits provided under Section 4.5(b)(i).

Special Rule on Change of Control. In the event that a termination of employment subject to this Section 4.5 shall occur within the two months preceding or the 18 months following a Change of Control, (i) the Severance Computation Period in Section 4.5(a)(i) shall be 36 months, (ii) the Executive shall be entitled an additional payment in an amount equal to nine (9) 12 times the amount of a single installment payment under 4.5(a)(i), which payment shall be paid in nine (9) 12 equal monthly installment payments beginning with the first month after the last installment payment in 4.5(a)(i) is payable (each such installment shall be treated as a separate payment for purposes of Section 409A), (iii) the Multiplier in Section 4.5(a)(iii) shall be 23, and (iv) the Executive shall receive the Continued Benefits for an additional nine (9) 12 months beginning immediately after the Continued Benefits provided under Section 4.5(b)(i).

Special Rule on Change of Control. In the event that a termination of employment subject to this Section 4.5 shall occur within the two months preceding or the 18 months following a Change of Control, (i) the Severance Computation Period in Section 4.5(a)(i) shall be 36 months, (ii) the Executive shall be entitled an additional payment in an amount equal to nine (9) six times the amount of a single installment payment under 4.5(a)(i), which payment shall be paid in nine (9) six equal monthly installment payments beginning with the first month after the last installment payment in 4.5(a)(i) is payable (each such installment shall be treated as a separate payment for purposes of Section 409A), (iii) the Multiplier in Section 4.5(a)(iii) shall be 2, and (iv) the Executive shall receive the Continued Benefits for an additional nine (9) six months beginning immediately after the Continued Benefits provided under Section 4.5(b)(i).